Pressmeddelande -
SEB NORDIC ENERGY FUND, THROUGH LOCUS ENERGY AND IN PARTNERSHIP WITH INGRID CAPACITY CELEBRATES THE COMMISSIONING OF A BATTERY ENERGY STORAGE SYSTEM FACILITY IN RÄTTVIK, SWEDEN
SEB Nordic Energy Fund through Locus Energy and in partnership with Ingrid Capacity celebrates the operational comissioning of a new battery energy storage system (BESS) in Rättvik, bidding zone SE3. The facility, with a capacity of 12 MW / 12 MWh, marks a strategic step in the build-out of a portfolio of twelve storage assets across Swedish bidding zones SE3 and SE4. All units are planned to be in operation by the end of 2026.
The Rättvik asset is part of Locus Energy’s long-term strategy to establish a pan-Nordic Independent Power Producer (IPP) with a diversified portfolio of renewable energy assets. By combining small-scale hydropower, the repowering of wind assets and battery storage systems, the company aims to create not only a robust energy system that strengthens flexibility and stability in the market, but also a so-called system premium, where the combined portfolio generates greater value than the sum of its individual parts.
During 2025, Locus Energy has taken significant steps in its Nordic expansion. Earlier this year, a groundbreaking ceremony was held for a 70 MW/140 MWh battery energy storage project in Finland, and recently the company acquired three stand-alone hydropower assets in Norway. Together with investments in Sweden, these transactions demonstrate the company’s ability to execute on its strategy and establish a portfolio spanning the Nordic region.
– Integrating batteries into the portfolio is a key operational step in building the system efficiency we are targeting. We see that the combination of renewable generation and storage creates a portfolio with higher flexibility, resilience and greater commercial potential, where the assets can be cross-optimized and become more valuable as part of the whole, says Mattias Söderquist, deputy-CEO and Partner at Locus Energy.
– Investments in energy storage strengthen SEB Nordic Energy fund’s exposure to the energy markets of the future. By building a diversified portfolio of renewable production and storage, we create long-term cash flows and an attractive risk-adjusted return profile for our investors, while simultaneously contributing to the energy transition in the Nordic region, says Richard Gavel, Head of Real Estate & Infrastructure Funds at SEB Nordic Energy.
– I welcome Ingrid Capacity’s and Locus Energy’s establishment here in Rättvik. The energy storage facility is an important step towards increased flexibility in the grid and enables more efficient use of renewable energy. By strengthening local electricity supply, this investment contributes to the fossil-free transition – fully aligned with the municipality’s ambition to reduce its climate impact, says Ulrica Momqvist, Chair of the Municipal Executive Committee in Rättvik.
– With the Rättvik Project, we’re demonstrating what the power grid of the future requires – smart batteries that make a real difference here and now. Our proprietary AI-powered trading platform adds the intelligence that makes the grid smarter and more efficient. This creates stability and value not only here in Rättvik, but also in many other places across the Nordics, says Nicklas Bäcker, co-founder and Chief Strategy Officer at Ingrid Capacity.
SEB Nordic Energy SEB Nordic Energy Fund is focusing on direct investments in renewable energy infrastructure assets in the Nordic region. Investments are made in small-scale hydropower, wind power, solar energy, battery storage and energy efficiency solutions, both through new construction and through upgrading of existing assets to increase efficiency and energy production. The fund is open to professional investors with an investment horizon of more than 15 years and is a so-called Article 9 fund with sustainable investments as its objective. SEB Nordic Energy | SEB (sebgroup.com)
Locus Energy is a long-term owner and developer of renewable energy in the Nordic region. The company is owned by the Article 9 fund SEB Nordic Energy and invests capital from the fund. The portfolio consists of small-scale hydropower, wind power and battery storage, with a focus on acquiring and developing existing facilities. The business concept is to modernize and upgrade these facilities to increase the production of local, sustainable energy and meet future environmental requirements. Locus Energy is part of SEB Asset Management's and Locus Infra's platform for investments in renewable energy and infrastructure. Locus Energy | www.locus.energy
For further information, please contact:
Niklas Sörensen, CEO , Locus Energy, niklas@locus.energy +46 70 268 97 35
Richard Gavel, Head of Real Estate & Infrastructure Funds, SEB Nordic Energy, richard.gavel@seb.se + 46 70 772 32 53
