RES ©
Axpo acquires 20MW/20MWh battery energy storage project from RES and SCR, due to become operational in 2024.
RES to deliver construction management, asset management and O&M services and applies its proprietary RESolve system.
First energy large-scale storage project for Landskrona Energi.
London, 10 March, 2023 - Global renewable energy company, RES, and large-scale battery developer, Scandinavian Capacity Reserve (SCR), have reached agreement to sell the Elektra Energy Storage Project to Axpo Group. The 20MW/20MWh project, developed by RES and SCR, is located in Landskrona, southern Sweden and will provide ancillary services to help balance the grid for Landskrona Energi. Axpo Group will build the lithium-ion based battery storage project with RES providing construction management services.
The Axpo Group has been active in the development, construction, and commercial optimization of large-scale batteries for several years. Axpo Group leverages its extensive knowledge of international energy trading in the marketing of batteries, which enables optimal use of the storage facilities on the markets for ancillary services as well as spot market trading. Axpo Group has been active in Sweden since 2005. The battery storage project in Sweden is one of multiple projects that Axpo Group will be building across Europe over the next few years.
Matilda Afzelius, CEO - Nordics, RES commented: “Energy storage will play an increasingly important role across Sweden. RES has worldwide experience in battery storage projects and has delivered over 500 MW to support a range of grid functions. RES works closely with municipalities to identify solutions and deliver projects that support both the energy and economic needs locally. Axpo brings a wealth of experience in providing energy products to the market, we look forward to working alongside them to deliver and operate this critical project.”
Frank Amend, Head of Batteries & Hybrid Systems at Axpo Group, said: “We aim to contribute to the energy transition by developing, building, and operating battery storages across Europe and the battery storage project in Sweden is an important step for us. We are looking forward to realising this project with RES in Sweden.”
Carl Hagert, Chairman of the Board, SCR: “A big day for SCR with realizing the first of many projects in our pipeline and transforming this project together with our partners from idea into reality in less than two years. The energy situation in southern Sweden shows the need for more storage capacity to strengthen the grid and reduce emissions from other, more fossil-intensive backup solutions, something this battery will provide when operational.”
The project is adjacent to where Landskrona Energi, who will be responsible for connecting the project to the grid, has a facility. With significant growth of businesses and residences planned for the municipality of Landskrona utilising battery energy storage projects can support the challenge of managing an increase in electricity supply and demand.
Johan Holmstedt, CEO of Landskrona Energi, commented: “We are facing a major electrification of Sweden and there the batteries will fulfill an important function. We are happy to be able to participate early on and contribute to this work and now also have a major player in the form of Axpo with us in this project. At a local level here in Landskrona, the battery will help support and strengthen our electricity grid.”
The deal will see RES support Axpo Group, providing construction management services ahead of the project becoming operational in Q1 2024. RES will also provide asset management and O&M services, and apply its proprietary RESolve system.
About RES
RES is the world’s largest independent renewable energy company active in onshore and offshore wind, solar, energy storage, transmission and distribution and green hydrogen. At the forefront of the industry for over 40 years, RES has delivered more than 23GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 12GW worldwide for a large client base. Understanding the unique needs of corporate clients, RES has secured over 1.5GW of corporate power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs over 2,500 people and is active in 14 countries. For further information about RES, visit www.res-group.com
About Axpo
Axpo is driven by a single purpose – to enable a sustainable future through innovative energy solutions. Axpo is Switzerland's largest producer of renewable energy and an international leader in energy trading and the marketing of solar and wind power. Axpo combines the experience and expertise of more than 6,000 employees who are driven by a passion for innovation, collaboration and impactful change. Using cutting-edge technologies, Axpo innovates to meet the evolving needs of its customers in over 30 countries across Europe, North America and Asia. www.axpo.com
About Landskrona Energi
Landskrona Energi is 100% owned by the City of Landskrona via the group company Landskrona City Hall. Our operations are district heating, city networks, electricity networks and electricity trading. We are located in and operate for Landskrona and are part of the development of the city for new establishments. We expand where the city grows! At the same time, we maintain, upgrade and reinvest in our networks to guarantee a safe and uninterrupted everyday life for our customers. Collaborations with various parties where we ensure a sustainable infrastructure for the future and give back to the city are important to us.
About SCR
SCR was founded in spring 2021 by Carl Hagert, Fredrik Bodecker and Thomas Wiklund with the ambition to be the Nordic Market leader in developing Large Scale Battery Systems. SCR founders have many years of experience from the European and Nordic energy and finance markets with trading, risk management and business management within the energy sector. SCR’s vision is to establish more than 200 MW of battery capacity mainly in regions SE3 and SE4 within the next few years to support the transition to a fossil free future supported by battery technology. For more information, visit www.scandinaviancapacityreserve.com
Press contact:
Rachel Anderson
RES Press Office
+44 7795 680 803