Investor Return has acquired an energy storage development platform in Germany, Swedish optimiser Flower has bought another large-scale BESS project, while Romania’s CIS Group has revealed a flurry of solar and storage projects.
News from the Nordics and the Baltics, with BESS projects launched in Sweden, Denmark and Latvia by Centrica, Nordic Solar and Niam Infrastructure and Evecon.
Sweden-headquartered lithium-ion technology Northvolt has concluded its strategic review, revealing it is divesting or ceasing non-core activities, sharpening its focus to battery cell manufacturing and reducing its workforce.
The North American arm of Sweden’s Eolus Vind has secured financing and advanced the sales process for its 100MW/400MWh Pome standalone BESS facility located in San Diego County, California.
Developer Ingrid Capacity and investor SEB Nordic Energy have partnered to build 13 battery energy storage system (BESS) projects in southern Sweden totalling 196MW of capacity.
We hear from Gresham House and optimisers Capalo AI and Flower on the BESS industry’s move away from merchant-only models towards more contracted revenues.
Swiss investment fund and project development vehicle MW Storage has contracted Fluence to supply and integrate a 20MW battery storage asset in Finland.
System integrator Alfen will provide a BESS for co-location with a wind farm in Sweden while aluminium company Hydro has inaugurated a solar and BESS project at one of its extrusion facilities.
Finding developers who want long-term partnerships on projects is key when entering multiple different markets, the head of shipping and energy infrastructure firm BW Group’s energy storage development and operation arm says.
While Norway once aimed to be the ‘battery of Europe’ it has since been overtaken other Nordic countries Sweden and Finland for BESS deployments. Research firm LCP Delta’s Jon Ferris explores the region’s energy storage market dynamics in this long-form article.
