Energy storage
Energy storage offers a range of benefits and plays a vital role in modern energy systems by improving grid stability, enhancing the integration of renewable energy sources and providing backup power.
Energy storage is essential for the further expansion of solar and wind power. For example, battery systems can store surplus energy from intermittent sources such as wind and solar and then release it when energy generation is low, ensuring a constant and reliable energy supply.
Energy storage also helps to stabilize the grid by storing surplus electricity during periods of low demand and releasing it when demand is high. This reduces the risk of power cuts. In the event of a power cut, energy storage can provide backup power, ensuring that critical infrastructure, homes and businesses can continue to function.
Energy storage can reduce peak-time costs for commercial and industrial customers by releasing stored electricity when demand is high. Energy storage can also balance electricity supply and demand, deferring the need for expensive infrastructure upgrades to the energy system.
OX2 and energy storage
New technology
Energy storage is a relatively new technology for us and we see great potential for it on all of our markets.
BESS
Construction on our first energy storage project began in 2022, a Battery Energy Storage System (BESS) located in Bredhälla in southern Sweden.
Management services
We offer management services for battery storage to our customers and investors, just as we do with the wind and solar farms that we develop.