Ingrid Capacity and SEB have broken ground on a large-scale BESS in Finland, while Monsson has acquired a project in Sweden that it will start building in June.
Ingrid launches construction on Finland BESS project
Battery energy storage system (BESS) operator Ingrid Capacity and investor SEB Nordic Energy portfolio company Locus Energy have launched construction on a 70MW/140MWh project in Nivala, in the Northern Ostrobothnia region of Finland.
The 2-hour duration project is scheduled to go into operation in 2026. The project will be optimised with Ingrid Capacity’s proprietary trading platform which the company launched last year. CEO Axel Holmberg discussed this with ESN Premium last year.
Jussi Jyrinsalo, senior VP of transmission system operator (TSO) Fingrid commented: “This groundbreaking is an important moment for Finland’s energy transition and a concrete step toward a more flexible, resilient, and decarbonised energy system. We welcome Ingrid Capacity and Locus Energy’s contribution to our shared mission of enabling a reliable and renewable-powered grid.”
Enjoy 12 months of exclusive analysis
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
BESS are being deployed in Finland to capitalise on a profitable and growing ancillary services market, with much of the country’s renewable energy generation and future pipeline comprised of wind power. The country is targeting carbon neutrality on its grid by 2035. Earlier this month inverter and BESS firm Sungrow completed a 30MW/60MWh project in north Finland.
Ingrid Capacity and Locus Energy are both headquartered in Sweden and the Finland project follows collaboration on their home turf, with a 196MW/196MWh portfolio already under construction.
Monsson buys Sweden BESS from Neoen
In related news, independent power producer (IPP) Monsson has acquired a 60MWh BESS project in Sweden from fellow IPP Neoen, with construction set to be launched in June 2025.
The project is in Eskilstuna Municipality, Södermanland County in southern Sweden. The company has already been active in Sweden from wind farm operation and maintenance (O&M) services, and now intends to deploy over 200MWh of storage in the country.
Note that Neoen is also building larger BESS projects in Sweden, seemingly to operate itself, including the 93.9MW/93.9MWh Isbillen Power Reserve, set to come online this year.
Monsson will use its own BESS solution in Sweden, which the firm is also planning to use for a huge, 2GWh BESS in Romania.
The firm also has links to Sweden via its desire to deploy BESS using European-made technologies, which it claimed to have done for a 24MWh project in Romania in early 2024 – the inauguration of which was attended by Sweden’s ambassador to the country.
Enache told ESN Premium in an interview in May 2024 that, while in Romania it used battery technology from local firm Prime Batteries, in Sweden it could use batteries from lithium-ion OEM Northvolt. However, since then Northvolt has filed for bankruptcy in Sweden (in March 2025) with its assets currently for sale.
