The Nordic power sector in transition: Risks,
Investments will be needed in energy storage and flexibility solutions to manage a generation surplus and volatility, given the
SEB Nordic Energy's portfolio company, Locus Energy, in collaboration with Ingrid Capacity, will build the largest battery energy storage project in the Nordics. The project will add 70 MW/140 MWh of storage capacity to SEB Nordic Energy's Finnish portfolio, which already includes wind and hydropower.
Romina Pourmokhtari, Sweden's Minister for Climate and Environment, officially inaugurated the largest energy storage park in the Nordic region. The initiative, led by Ingrid Capacity in collaboration with BW ESS, consists of 14 large-scale energy storage systems with a total capacity of 211 MW/211 MWh.
The project will add 70 MW/140 MWh of storage capacity to SEB Nordic Energy's Finnish portfolio, which already includes wind and hydropower. Located in Nivala Municipality in Finland's Ostrobothnia region, the project is expected to be completed in 2026.
The connection to the grid was overseen at the time by the Swedish minister for climate and the environment, Romina Pourmokhtari. Among her comments at the ceremony, Pourmokhtari said: “It is a great honor to inaugurate the largest energy storage investment in the Nordics, with 211 MW now connected to the power grid.
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