OX2 has completed the sale of its energy storage facility Bredhälla (pictured) in Sweden.
The developer announced in April the signing of an agreement to sell the 42.5MW energy storage facility Bredhälla to Flower, a Swedish company active in energy technology and storage solutions.
The transaction has now been completed following the approval from Svenska Kraftnät, the Swedish authority operating the transmission system, OX2 said.
The developer started construction of Bredhälla, located in the municipality of Uppvidinge in Southern Sweden, in late 2022.
The facility consists of batteries utilizing lithium-ion technology with a total capacity of 42.5MWh spread across 20 containers.
Bredhälla will provide ancillary services to Svenska Kraftnät, the Swedish authority operating the transmission system, to ensure stability in the electricity grid.
Additionally, it will also participate in wholesale markets by providing energy arbitrage.
Once commissioned, OX2 will be responsible for the technical and commercial management under a five-year agreement.