MW Storage and Fluence deepen partnership to deliver their third energy storage project in Finland
June 27 2024 - 7:30AM
MW Storage and Fluence deepen partnership to deliver their third
energy storage project in Finland
MW Storage AG (MW Storage), a Swiss investment fund experienced in
financing, developing, and operating energy storage systems, has
selected Fluence Energy B.V. (Fluence), a subsidiary of Fluence
Energy, Inc. (NASDAQ: FLNC) to deliver their third battery-based
energy storage project in Finland. The 20 MW / 20 MWh project will
be located in the south of the country, close to Mäntsälä in
Uusimaa.
Finland is planning to achieve carbon neutrality by 2035. At the
same time, Finland’s annual electricity demand is expected to
increase by 20% from the current level to 100 TWh in 2030. The
corresponding ramp up of renewable generation will require the
flexibility best provided by energy storage. To better integrate
intermittent renewable generation, energy storage provides
flexibility and fast-responding ancillary services critical for
grid stability. In the next two years, 300 MW of grid-scale storage
is expected to be connected to the Finnish grid, according to LCP
Delta.
Wilfried Karl, CEO at MW Storage, commented:
“Our latest project in Finland builds on our experience of
deploying and operating several of our earlier energy storage
projects in Europe, with the focus on delivering maximum value to
society, network operators and investors. Quality, safety, and
technological advancement are our priority. For those reasons, we
decided to partner with Fluence once again to together deliver a
solution to the challenges of the energy transition in
Finland.”
Brian Perusse, VP of Sales and Market Development EMEA,
commented: “MW Storage has always been one of the
frontrunners in the deployment of the latest storage technology. We
are pleased to be again selected as their partner in the delivery,
operation, and servicing of high-quality energy storage systems.
With over five years of experience operating energy storage assets
in Finland, and more than 16 years globally, Fluence is perfectly
positioned to ensure long-term performance, safety and quick
delivery of storage systems.” The project marks Fluence’s fifth
joint project with MW Storage after the announcement of the
Wunsiedel megaproject in February in Germany and earlier
collaborations in Switzerland and Finland. In the Nordic
markets, Fluence has deployed or contracted seven projects to date,
making it the key player in the region’s energy storage success
story.
About Fluence Fluence Energy, Inc.
(Nasdaq: FLNC) is a global market leader in energy storage products
and services, and optimization software for renewables and storage.
With a presence in 47 markets globally, Fluence Energy, Inc.
provides an ecosystem of offerings to drive the clean energy
transition, including modular, scalable energy storage products,
comprehensive service offerings, and AI-enabled optimization
software for managing and optimizing renewables and storage from
any provider. The Company is transforming the way we power our
world by helping customers create more resilient and sustainable
electric grids.
For more information, visit our website, or follow us
on LinkedIn or Twitter. To stay up to date on the
latest industry insights, sign up for Fluence's Full Potential
Blog. Media
contacts: Fluence Joanna
Spirodek, Senior Regional Marketing Manager,
EMEA Joanna.spirodek@fluenceenergy.com +49 172
8662155
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