German battery charging company ADS-TEC Energy GmbH has successfully implemented a groundbreaking 20-MW modular energy storage facility in Sweden, marking the largest battery system in the Nordic country. The project was undertaken on behalf of Swedish infrastructure development firm Polar Structure AB and in collaboration with domestic energy provider Stockholm Exergi. Both entities will jointly manage and operate the facility through a partnership, as confirmed by ADS-TEC on Thursday.
Situated in the municipality of Haninge in Stockholm County, east-central Sweden, the battery site comprises eight modular containers equipped with external inverters. These components are designed to enhance grid stability by mitigating fluctuations.
Specializing in lithium-ion technologies, energy storage solutions, and rapid charging systems for electric vehicles (EVs), ADS-TEC Energy has positioned itself as a key player in the evolving energy landscape. The company, with a production site near Dresden, merged with blank-check firm European Sustainable Growth Acquisition Corp in the summer of 2021. This strategic move resulted in the creation of a Nasdaq-listed entity in the U.S. boasting a market capitalization of USD 580 million (EUR 542.2m).
The completion of this significant battery storage project underscores ADS-TEC Energy's commitment to advancing energy storage solutions and supporting grid stability, contributing to the ongoing development of sustainable energy infrastructure in Sweden.
