Locus Energy, a small-scale sustainable infrastructure developer, announced that it has partnered with Ingrid Capacity, an energy tech company, to accelerate battery energy storage capacity in southern Sweden.
The partnership will aid the construction of 13 new large-scale battery energy storage systems across southern Sweden, boosting the national grid with an extra 196 megawatts (MW) of flexible capacity in price areas SE3 and SE4.
As they become operational in the local grids, these battery storage systems are expected to alleviate the power deficit issues faced by 13 communities in southern Sweden within 12 months.
This grid expansion will be the second-largest battery investment in the Nordics.
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Mattias Söderqvist, Partner at Locus Energy, said, “The partnership with Ingrid Capacity will help accelerate the critical energy transition by adding much-needed flexibility to the Nordic energy system, and simultaneously create synergies with our existing production portfolio of wind- and hydropower located in the same price areas of SE3 and SE4.”
He added, “We have awaited this investment opportunity to get to a point where the cost of building battery storage systems has come down coupled with more realistic long-term pricing of flexibility services in the Swedish market. We’re excited to get started and together with Ingrid bring the systems online within the next 12 months”, says Mattias Söderqvist, Partner at Locus Energy.”
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The battery energy storage systems, vital in the green energy transition, will help maintain the frequency and stability of Sweden’s electricity as more “intermittent energy sources” are incorporated into the energy mix.
The systems will stabilise the grid by providing ancillary services and load shifting. When power production is in surplus, these systems store excess energy and deliver it when needed.
Over time, the plan is also to support local energy grid companies (DSOs) and industries in places where the batteries are deployed through bilateral agreements to meet their peak power demands.
The long-term goal is to support local energy grid companies and industries in meeting their power demands in the places where the batteries are installed.
Bilateral agreements are proposed as the method to follow to achieve the above-mentioned goal.