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BW Energy Storage Systems will invest about SEK 1bn in Ingrid Capacity. This investment will be used to accelerate Ingrid Capacity’s growth trajectory and to execute on 400MW of energy storage, in a strategic partnership with BW ESS.
Together, this is a historic expansion of energy storage in Sweden. Energy storage allows us to store electricity when demand is low, and then reinsert it into the system when demand is high. In order for electrification to take place in a cost-efficient manner, a focus on optimized solutions is required.
In several countries near Sweden, the expansion of energy storage has therefore already been underway for some time. Ingrid Capacity now ensures that Sweden catches up,” says Karin Lindberg Salevid, Chief Operations Officer of Ingrid Capacity.
BW Group’s operational headquarters are in Singapore, and the company has had a strong presence in Scandinavia for the past 20 years. The company has had a strong presence in Scandinavia for the past 20 years. Swedish energy storage company Ingrid Capacity, the market leader in the Nordics, secures approx. SEK 1bn of investments from BW Energy Storage Systems (BW ESS)
13 February 2024 SWEDEN – The energy storages are being built in Falköping (16 MW), Karlskrona (16 MW), Katrineholm (20 MW), Mjölby (8 MW), Sandviken (20 MW), Vaggeryd (11 MW), Värnamo (20 MW) and Västerås (11 MW). A storage with a power of 20 MW correlates to what a Swedish town with 40,000 inhabitants on average consumes during peak hours.
BW ESS is a part of BW Group, a global energy and maritime infrastructure company with a growing portfolio of clean energy investments, including batteries, solar, offshore wind and biogas. Ingrid Capacity and BW ESS are starting the construction of energy storages at eight locations in Sweden. An output of more than 200 MW is now in construction.
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