SENS updates the market - progress in the Swedish project portfolio

About this update from Sustainable Energy Solutions Sweden Holding Ab

[{"type":"text","content":"Sustainable Energy Solutions Sweden Holding AB (publ) today communicates an updated assessment of the company's project portfolio in Sweden, which includes both energy storage and energy production projects. Several of SENS' projects have taken significant steps forward in development, with the Motala project having achieved ready-to-build status (RTB) while others continue to advance through the permit processes.\n\n\"We have systematically worked to bring our projects closer to completion, and we are now seeing clear results. With a project ready for construction to start, we can begin the next phase of development, where we, together with financial partners, take the projects further towards implementation and operation. The fact that we have also created conditions for increased capacity in selected projects strengthens the portfolio's long-term value and development potential,\" comments Henrik Boman, CEO of SENS.\n\nDuring the recent period, SENS has continued to drive its Swedish projects forward with a focus on optimizing capacity and adapting them to future energy needs. The portfolio includes both energy storage projects in the form of BESS (battery storage) and energy production in the form of PV (solar power). During the end of 2023 and the beginning of 2024, SENS entered into several lease agreements in Sweden in strategically selected locations, identified as attractive project areas with proximity to available grid connection for the establishment of battery parks. Securing lease agreements is a critical first step in project development and through these agreements, SENS has established a solid foundation for its energy storage and production portfolio. The total capacity now amounts to 820 MW, of which 670 MW relates to BESS projects.\n\n\"We have taken significant steps forward in the development of our project portfolio, with several projects advancing through the permitting processes. One of our Swedish projects in Motala has now achieved ready-to-build status (RTB), while the others continue to develop. With the latest adjustments, our portfolio includes a total of 12 projects with a total capacity of 820 MW in Sweden. The most advanced projects in addition to the one in Motala include Enkärret, Öja, Ramshammar and Hallsberg, where we see continued progression and aim to achieve RTB in the second and third q...

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