Suvic Oy Partners for Major Battery Storage Project in Europe
Suvic Oy Partners for Major Battery Storage Project in Europe
Suvic Oy has taken a significant step in renewable energy by signing a contract for the construction of a battery-based energy storage system. This project, in collaboration with Renewable Power Capital Ltd. (RPC), promises to be a vital addition to the energy infrastructure. Located close to Fingrid's substation, the new battery energy storage system (BESS) is designed to support the stability and efficiency of the power grid.
Project Overview and Timeline
The construction contract encompasses several key components, including design, construction, and mechanical installations, aimed at delivering an energy storage capacity of around 50 MW / 100 MWh. Scheduled to start in April, Suvic plans to finish its segment of the project by March 2026, with operations expected to begin by June 2026. Once operational, the facility will play a crucial role in balancing electricity production and consumption across the grid.
Significance of the Battery Energy Storage System
As recognized by Ignacio Garcia Cuadrado, the Managing Director of Engineering, Procurement, and Construction at RPC, battery storage represents a pivotal innovation in Europe's low-carbon transition. With a strong relationship previously developed with Suvic, RPC is confident this partnership will yield essential infrastructure for the power grid.
Suvic's CEO, Ville Vesanen, emphasizes the importance of BESS solutions in advancing renewable energy projects. The system will not only enhance grid stability but also address energy supply security during unforeseen circumstances. This collaborative contract is a testament to the mutual trust and shared vision between Suvic and RPC.
Rapid Growth of Battery-Based Energy Storage Systems
BESS technology is revolutionizing energy management by providing a feasible solution for storing surplus energy and releasing it during peak consumption. Its operational reliability is crucial for ensuring the efficient use of renewable energy sources, especially given the variability of wind and solar power. The expected growth in BESS solutions across Europe is substantial, with projections indicating that the total capacity of grid-connected storage systems could exceed 50 gigawatts by 2030.
Suvic's Impact on Renewable Energy Development
Founded in Oulu in 2017, Suvic Oy has rapidly established itself in the Nordic renewable energy construction sector. The company takes pride in pioneering innovative construction and project management practices, and its involvement in projects like the Storhöjden and Vitberget wind farms showcases its commitment to advancing sustainable energy solutions. Currently, Suvic is engaged in multiple high-impact projects in collaboration with various partners, emphasizing its role in shaping the future of clean energy.
As an integral provider of renewable energy project development and construction, Dovre Group, which includes Suvic Oy, looks forward to maximizing energy efficiency and supporting long-term sustainability in the energy landscape.
Frequently Asked Questions
What is the significance of the battery energy storage system?
The battery energy storage system will enhance the balancing of electricity production and consumption, contributing to a more stable power grid and supporting renewable energy sources.
Who is involved in the project?
The project is a partnership between Suvic Oy and Renewable Power Capital Ltd. (RPC), with both organizations committed to developing vital energy infrastructure.
When is the battery storage system expected to be operational?
The facility is anticipated to become operational by June 2026, following the completion of construction scheduled for March 2026.
How does the BESS technology work?
BESS technology stores excess energy during low demand periods and releases it during peak usage, thereby improving the efficiency and reliability of the power grid.
What is Suvic Oy's role in the renewable energy sector?
Suvic Oy is focused on the construction and development of renewable energy projects, specializing in innovative practices that advance sustainable energy solutions in the Nordic region.
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