Swiss investment fund MW Storage AG and a unit of energy storage provider Fluence Energy Inc have teamed up for a 20-MW/20-MWh Finnish battery energy storage project (BESS), their third partnership in the Scandinavian country.
The facility will be located in the southern municipality of Mantsala in the Uusimaa region.
The battery system aims to enhance grid stability by adding extra flexibility and is expected to help reduce electricity costs through active involvement in energy trading.
The Mantsala scheme marks the fifth project that Fluence will deliver for MW Storage and the third BESS in Finland alone. The two companies are also partnering in Germany and Switzerland.
Fluence is present in 47 markets. In the Nordic region, the company has deployed or contracted seven projects to date.
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