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Fu-Gen AG, the Swiss based renewables developer and independent power producer (IPP) has entered into an agreement with Centrica, a global leader in energy and services for the sale of nine ready-to-build Battery Energy Storage System (BESS) projects in Sweden of over 100 MW. The first delivered projects are located in Dalarna. Whilst the batteries will be deployed in the SE3 region, which includes Stockholm and surrounding areas, they will provide grid flexibility and ancillary services across the wider Nordic electricity market.
BESS are playing an increasingly important role in integrating more renewable energy into the grid, by offering the flexibility needed to balance fluctuations in production and consumption. With its strong optimisation capability within Centrica, battery output can be adapted in real-time delivering cost-effective energy storage that maximises the utilisation of green electricity available to the grid, whilst securing stable return-on-investment.
Construction and installation of the battery systems will be finalized during 2026.
EY Corporate Finance, through its Nordic Energy and Infrastructure Corporate Finance team, acted as financial advisor to Fu-Gen in the competitive transaction process.
Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Strategy and Transactions page.