Swedish flexible assets developer and optimizer Ingrid Capacity has joined hands with SEB Nordic Energy’s portfolio company Locus Energy to develop what is claimed to be Finland’s largest and one of the Nordics’ largest battery energy storage systems (BESS). The 70 MW/140 MWh BESS project will be located in Nivala, northern Finland.
The total operational energy storage capacity is currently about 200 MWh, with an additional 400 MWh in various stages of development. The early projects are well-positioned to enhance flexibility in Finland’s volatile power market.
BESS operators can also participate in cross-border markets to provide storage capacity for ancillary services, such as frequency regulation, which helps maintain grid stability and reliability. Ancillary services are currently the primary revenue source for BESS in Finland.
As of most recent estimates, the cost of a BESS by MW is between $200,000 and $450,000, varying by location, system size, and market conditions. This translates to around $200 - $450 per kWh, though in some markets, prices have dropped as low as $150 per kWh. Key Factors Influencing BESS Prices
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Swedish flexible assets developer and optimizer Ingrid Capacity has joined hands with SEB Nordic Energy’s portfolio company Locus Energy to develop what is claimed to be …
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Swedish flexible assets developer and optimizer Ingrid Capacity has joined hands with SEB Nordic Energy’s portfolio company …
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Finland''s energy storage market is experiencing significant growth, with several utility-scale BESS installations coming online in recent years. The total operational energy …
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Contact our technical sales team for BESS energy storage systems and photovoltaic solutions. We provide customized quotations based on your specific project requirements and energy needs.
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