France-headquartered independent power producer (IPP) Neoen has given system integrator Nidec ASI the green light to start work on a 40MW battery storage unit in Sweden, Neoen’s first in the country.

Norwegian lithium-ion gigafactory firm FREYR has raised over a quarter of a billion dollars and completed the previously-announced JV with Nidec Corporation to develop energy storage solutions.

FREYR Battery and Nidec intend to form a JV for the manufacture of battery storage modules and packs.

Nidec ASI, the Italy-based industrial solutions division of Japanese conglomerate Nidec Group, will provide EPC services for a 50MW battery energy storage system (BESS) project in Northern Ireland.

Nidec ASI has been announced as a supplier to energy storage start-up Energy Vault, providing motors and inverters to the company.

Nidec ASI has been selected as supplier of batteries to a 49MW energy storage project in the UK by EDF, which will help balance the grid and generate revenues until at least 2035.

SPONSORED: The integration of smart microgrids with existing power infrastructure and renewable generation offers myriad opportunities, as power systems developer Nidec explains.