Ingrid Capacity has teamed up with Locus Energy to deploy 196MW of battery energy storage system (BESS) capacity in southern Sweden.
The partnership will see the installation of 13 new BESS sites, enhancing Ingrid’s development and optimisation capabilities.
Ingrid Capacity CEO Axel Holmberg stated: “We are thrilled to join forces with Locus Energy and welcome them as a key partner in our mission to shape the energy system of tomorrow.
“I am impressed by the Locus team, whose combination of long-term active ownership and deep expertise in energy systems makes them an ideal partner to help us achieve our ambitious goals.
“With our shared vision and commitment to advancing the energy transition, partnering with Locus Energy is an excellent fit.”
Ingrid and Locus will establish BESS facilities in 13 communities within the price areas SE3 and SE4 up to the summer of 2025.
The capacity of the sites will range from 8MW to 20MW.
The initiative is part of Ingrid’s plan to install and manage 8GW of capacity across Europe by 2030.
The agreement with Locus Energy follows a previous alliance by Ingrid that resulted in the development of 14 large-scale batteries totalling 211MW in Sweden.
Founded in 2022, Ingrid is continuously expanding its footprint in the European energy storage market.
Locus Energy, a portfolio company of SEB Nordic Energy, has a considerable presence in the Nordic region, with operations in 50 local communities.
Locus Energy Partner and deputy CEO Mattias Söderqvist stated: “We have closely followed Ingrid’s remarkable progress and growth over the past years.
“Our confidence in their proven track record of developing high-quality storage sites, coupled with their in-house technology and data-driven focus, was pivotal in our investment decision. This partnership is about combining our strengths to make a greater impact.
“We’re confident this collaboration will not only create synergies with our existing production portfolio but also accelerate the critical energy transition by adding much-needed flexibility to the Nordic energy system.”
