Neoen turns sod on 40MW Swedish storage
- The Storen Power Reserve BESS in the municipality of Ragunda is set to be operational in H1 2024
Neoen has given notification to continue to battery carrier Nidec to start construction of a 40MW energy storage project in Sweden.
The 40MW/40 megawatt-hour Storen Power Reserve will certainly be situated in the municipality of Ragunda, approximately 100 kilometres from Östersund.
It will be linked to the 130kV E.ON grid as well as is set to be operational in the very first half of 2024.
In line with its develop-to-own model, Neoen owns 100% of Storen Power Reserve and will be the lasting driver of the asset.
The battery will certainly supply Svenska Kraftnät, the Swedish transmission system operator, with ancillary solutions and Frequency Containment Reserve services.
Storen Power Reserve will assist to keep the balance in between production and consumption in real time, effectively enhancing the power system safety and security.
The battery will certainly decrease grid stabilisation costs while helping with the integration of renewable energy assets, Neoen said.
In addition to the Storen Power Reserve battery, Neoen's Swedish assets include the 57MW Storbrännkullen wind farm, under construction, and the 90MW Hultsfred solar park, which will go into building and construction in the 2nd fifty percent of 2023.
Storen Power Reserve is Neoen's second battery in the Nordics, the very first being the 30MW/30MWh Yllikkälä Power Reserve in Finland, in operation given that 2020.
Laetitia Prot, Neoen's Head of Business Development Sweden, stated: "We are delighted to see Neoen broadening fast in Sweden, only 2 years after establishing our team in Stockholm.
" I want to thank all stakeholders, in particular circulation system operator E.ON, and also Ragunda Municipality, for their assistance, as well as for playing along with us an active role in Sweden's energy transition."
