Nyhet —
Why is energy storage booming now?
The energy storage market in Sweden has developed rapidly in recent years. After a period marked by many new entrants and a strong focus on ancillary services, a clear consolidation is now taking place, with a smaller number of established players accounting for an increasing share of installed capacity. At the same time, complexity is growing. Large-scale energy storage systems are capital-intensive investments with business models based on multiple parallel revenue streams.
To succeed, it requires not only the right technology and design, but also high operational reliability, availability, and the ability to deliver stable performance over time. This is changing the requirements across the entire value chain—from project development to operations.
There are several reasons why Sweden has become such an attractive market for energy storage. We have invested heavily in wind and solar parks—weather-dependent energy sources where significant value can be gained from storing energy. Even though new wind farm development is currently on hold, we already have many completed parks that generate electricity in a way that is imbalanced for the grid. This creates an opportunity to store electricity when production is high and sell it when demand—and prices—are at their peak.
Another business opportunity is to use energy storage as an ancillary service. The power grid needs to be balanced, and energy storage systems are ideal for helping maintain a stable frequency. However, prices in this segment are currently trending somewhat downward.
We believe that electricity demand in Sweden will double over time. This electrification is driving the need for a flexible power system with reserve capacity for industries, data centers, and transport that consume large amounts of electricity.
We also face bottlenecks from north to south, where energy storage can help reduce peak loads and relieve congestion in constrained parts of the grid.
All of this combined has led to an influx of opportunistic actors in the market—something that has now stabilized somewhat into a smaller number of larger Swedish and international companies.
Site preparation for an energy storage facility in Småland.
ONE Nordic is one of the contractors that can ensure that energy storage projects are not only planned and built, but also function effectively in practice. Today, we serve both Swedish and international customers.
Through our operational capacity, geographic reach, and ability to rapidly mobilize resources, we ensure high availability and robust operations—24/7, year-round. The real value is created in operational delivery and long-term performance. A key concept often used is “uptime” or availability—the time during which the energy facility is delivering. Our goal is to secure maximum uptime.
