Polar Capacity and Stockholm Exergi form a JV for energy storage in Stockholm

The power supply in Stockholm faces significant challenges, and even today, the situation is highly challenging with increasing power shortages. In order to address the challenges in the metropolitan region, the energy company Stockholm Exergi and the power operator Polar Capacity are joining forces to build large-scale battery parks with a combined capacity of at least 100 MW. The first facility, with a capacity of 20 MW, is set to be completed by 2023. The two companies are forming a jointly owned subsidiary that will construct battery parks to provide power and support services, contributing stability to the energy systems in the Stockholm area.

“This is the first major step in our exciting journey to deliver solutions for the future energy markets,” says Polar Capacity, CEO Patrik Nilsson. “Doing it in collaboration with Stockholm Exergi is very gratifying – it’s hard to imagine a better partner.”