Stella Futura has signed an agreement with Härjeåns for the delivery, installation, and operation of a battery system with a capacity of 15 MW. The battery system, which will be integrated into Härjeåns' power grid, is intended to be located in close proximity to the Sveg cogeneration plant.
The battery system, based on European technology, is scheduled to be installed and commissioned in spring 2024.
The battery system will be connected to Svenska Kraftnät's support services to maintain balance in the Swedish electricity system. It will generate local revenue while meeting increased demand for electricity. More battery solutions in our energy system help to balance imbalances and reduce peak loads, thereby contributing to a more stable electricity market.
-Now the development is really taking off. So far, Stella Futura has integrated battery systems into the power grid at over 50 locations throughout Sweden, all of which have been aggregated to Svenska Kraftnät's support services market. The integration in Härjeåns is the second in a string of several systems over 10 MW. For us, it is obvious that resources that can help the national power grid should also contribute to local benefit, says Ulrika Tornerefelt, founder and CEO of Stella Futura AB.
- We welcome innovative solutions like these where good business combines with societal benefit. With a battery system in place, we become part of the solution in the ongoing transition towards a more electrified society. The Swedish energy system needs solutions like these to be able to handle increasing power demands and the growing share of unpredictable production, such as solar and wind power, says Cecilia Norberg, CEO of Härjeåns Kraft AB.
The installation is a Battery as a Service solution, which means that Härjeåns provides part of a property to Stella Futura for the integration of the battery system.
The financing of the battery system is provided by Profura, which intends to invest in and enable increased national societal benefit. With this solution, Härjeåns can develop revenue streams outside its core business at a low risk.
- It is inspiring to be part of the deal together with Stella and Härjeåns. The project creates significant local benefit by building and securing critical Swedish infrastructure in energy supply. When we entered the project, it was crucial to be able to procure high-quality European technology from Stella Futura. The project is fully in line with our focus on generating returns and developing the conditions for Swedish industry to grow, says Daniel Månsson, CEO of Profura Utveckling AB.
For further information:
Ulrika Tornerefelt, CEO and founder, Stella Futura AB
email@example.com +46 701 65 96 58
Cecilia Norberg, CEO, Härjeåns Kraft AB
Daniel Månsson, CEO, Profura Utveckling AB (part of the Profura group)
Stella Futuras engineers and project developers on site visit in November 2023. The containers will be delivered during Q1 2024 for further integration and commissioning.