Glennmont Partners, an infrastructure manager owned by Nuveen, has marked its entry into the energy storage market with a Finnish battery project.

Glennmont has teamed up with Nordic energy firm Ilmatar and smart energy solutions company Alfen to develop a 30MW battery storage project on a site adjacent to Glennmont’s 211MW Piiparinmäki onshore wind farm in the Pyhäntä region of Central Finland.

The project started last month and is expected to be ready for commercial operation in January 2024.

Francesco Cacciabue, a partner at Glennmont, said: “Battery technology will play an increasingly vital role in both Finland and the wider world’s energy mix in the years to come, mitigating intermittency issues and ensuring we gain maximum benefit from established renewables technologies.

“Siting the project next to our existing Piiparinmäki wind farm allows us to take full advantage of the fruitful relationship between the two technologies benefits, ensuring maximum opportunity for our investors.”

Juha-Pekka Weckström, the CEO of Ilmatar, said: “Battery storage technologies are at a stage where they can play a significant role in complementing traditional renewables in a nation’s power mix, and the deployment of a modular design places this project at the forefront of its rollout globally.”

Michelle Lesh, chief commercial officer at Alfen, said: “Energy storage is a critical enabler to meeting this goal, and Alfen’s battery storage technology such as TheBattery Elements continues to evolve to better stabilize electricity grids and integrate renewable projects. It will play a vital role in Europe’s transition to mitigate climate change and enable a more sustainable energy future.”

To read the latest edition of the latest IPE Real Assets magazine click here.

Topics