SENS secures additional lease agreement for new 40MW battery storage facility

19 February 2024, 14:30 | Regulatory press release

Sustainable Energy Solutions Sweden Holding AB ("SENS" or "the Company") announces today that the Company has entered into a lease agreement with a landowner in Grästorp. The agreement enables the construction of a battery storage facility with a planned capacity of 40 MW.

Henrik Boman, CEO of SENS, comments:
This lease agreement in Grästorp is a clear example of how our strategic work continues to bear fruit. We are in an exciting phase where each step we take is carefully considered to strengthen our position in the Swedish energy market. By collaborating with landowners who share our vision, we continue to methodically expand our portfolio with projects that not only contribute to a sustainable energy future but also reflect our dedication to innovation and quality.”

SENS announces today that the Company has entered into a new lease agreement for the establishment of a battery storage facility in Grästorp. The facility is planned to have a capacity of 40 MW. This agreement is part of SENS's strategic effort to expand its portfolio of energy projects focusing on renewable energy.

The lease agreement is the result of a carefully conducted process, in line with SENS's overall strategy. This strategy includes the identification of land areas that are well suited for the establishment of solar and battery parks, with a particular focus on locations near the Swedish power grid's cables. This approach ensures that SENS's projects can be efficiently integrated with the national energy infrastructure.

SENS's ambition is to contribute through its projects to the development of sustainable energy solutions and a robust energy infrastructure for the future. The new lease agreement in Grästorp is an important part of SENS's continued efforts to realize its vision of a sustainable energy future. SENS is now starting the process of applying for the necessary permits for the project and aims to begin construction within 10-12 months.

For further information, contact:
Henrik Boman, CEO; Phone: +46 (0)70 224 63 61

The information was submitted for publication through the agency of the contact person set out above on February 19, 2024 at 2:30 p.m. CET.

About SENS
Sustainable Energy Solutions Sweden Holding AB (publ) (SENS), provides sustainable energy solutions enabling the transition to a fossil-free and CO2 neutral energy mix both locally and internationally. SENS develops, designs, constructs and sells large-scale energy projects combining renewable energy sources with the next generation energy storage technologies such as underground pumped hydro storage (UPHS) and/or battery energy storage systems (BESS). The company also conducts technical advisory consultancy services within energy storage and energy systems optimisation. The company is listed on NGM Nordic SME under the short name SENS.

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