- Switzerland’s largest energy firm Axpo has entered the battery storage market in Sweden, buying a project from developers RES and SCR set to come online in 2024.
- RES will continue to support Axpo with construction management, asset management and operation and maintenance after the sale is finalised.
Switzerland’s largest energy firm Axpo has entered the battery storage market in Sweden, buying a project from developers RES and SCR set to come online in 2024. Axpo has acquired the 20MW/20MWh lithium-ion battery energy storage system (BESS) project in Landsrkona from global renewable energy developer RES and local outfit Scandinavian Capacity Reserve (SCR).
The project will come online in 2024 and be connected to the local utility and distribution system operator (DSO), Landskrona Energi. RES will continue to support Axpo with construction management, asset management and operation and maintenance after the sale is finalised.
Frank Amend, head of Batteries & Hybrid Systems at Axpo Group, said, “We look forward to realising this project in Sweden with RES and working with Landskrona Energi. Axpo has set itself the goal of developing a significant volume of storage capacity in Europe by 2030, and this project is an important step on our way.” The BESS market in Sweden has seen an uptick in interest in the last few years as the ability of the country’s hydroelectric fleet to provide the required balancing services has started to be stretched in light of increasing renewables and electrification.