Axpo acquires battery and solar project in Sweden

May 15, 2023 04:17 PM ET
  • Swiss renewable resource manufacturer and trader Axpo Holding AG on Monday said it has actually acquired a battery and solar project in Sweden from project designer SENS (Sustainable Energy Solutions Sweden) in a bargain of concealed industrial terms.
Axpo acquires battery and solar project in Sweden

The project, situated in Filipstad, some 300 kilometres (186 miles) west of Stockholm, consists of a 25-MW lithium-ion battery storage system, referred to as one of the largest in the nation. Slated to begin building and construction early following year, the battery will certainly supply secondary services to help stabilize the grid.

The exact same location hosts a ground-mounted solar project with an ability of as much as 20 MW. Axpo will co-develop both projects with SENS.

The Swiss firm's head of batteries and hybrid systems, Frank Amend, said that battery storage space systems and solar power are coming to be increasingly crucial in the power mix of the future.

Axpo has experience and aspirations in battery storage space development. The firm claims that utilizing its know-how in international energy trading, it effectively markets the batteries, maximising their exercise in supplementary solution and spot market trading.

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