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.
At more than 1 million cubic meters in size, the underground heat storage system will have a total capacity that corresponds to the annual heating demand of a medium-sized Finnish city. The 90 GWh seasonal thermal energy storage will be built in Vantaa, near Helsinki.
The project proponents have confirmed that the construction works will start in March 2025. The project, which is one of the largest of its kind in Finland, will provide grid services including frequency response and will be able to participate in energy trading on wholesale power markets.
Ingrid Capacity, in collaboration with SEB Nordic Energy portfolio company Locus Energy, is to build Finland’s “largest battery energy storage system”, a 70MW/140MWh in Nivala. The project marks Ingrid Capacity ’s first two-hour system and its debut in Finland.
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