Flower Acquires Energy Storage Project from Arise to Expand Sweden’s Biggest Battery Portfolio

Flower Acquires Energy Storage Project from Arise to Expand Sweden’s Biggest Battery Portfolio

Advancing towards enabling the renewable energy transition in Sweden, the energy tech company Flower is now acquiring one of Sweden’s largest battery projects. The project, which is a Ready-to-Build 40 MW / 80 MWh BESS site being developed by the renewable energy actor Arise, will play a crucial role in supporting the Swedish energy system.

John Diklev, founder and CEO at Flower, says:

This will be a breakthrough asset for our portfolio that will make all the difference for the Swedish energy system in the years ahead,

Flower is continuing on the path towards enabling the energy system of tomorrow, as Sweden takes a key role in Europe’s energy transition. With the acquisition of the 40 MW / 80 MWh Ready-to-Build project “Pajkölen” in northern Sweden, the energy tech company adds yet another large-scale asset to its rapidly growing battery portfolio of 270 MW, and solidifies its position as the country’s market leader in battery optimization.

 John Diklev, founder and CEO of Flower, says:

Acquisitions like these used to be unprecedented in the Swedish market. Now they occur with increasing frequency, which says something about the fantastic development in the Swedish battery energy storage industry today.

“With this breakthrough asset in place, Flower will further contribute to a balanced energy system by stabilizing the grid and reducing volatility, while strengthening our position at the forefront of the energy transition,”

Once operational, the project will give Flower end-to-end control over the complete battery value chain, opening up vital revenue streams for renewable energy actors such as grid operators and asset owners.

John Diklev, founder and CEO at Flower, says :

With renewables projected to make up around 50% of the energy mix by 2050, energy storage is crucial to make way for renewable energy investments in the future.

“With this new project in place, Flower can continue to create more value for its partners by reducing negative price risks and allowing them access to lucrative energy trading markets. This project is one of many from our portfolio that illustrates how Sweden effectively can take steps towards a renewable revolution in the energy sector”,

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Flower Acquires Energy Storage Project from Arise to Expand Sweden’s Biggest Battery Portfolio, source