Investment manager Downing and Hydrogrid have announced a collaboration to enhance the operational efficiency and sustainability of the former’s hydropower operations in Sweden.
The strategic partnership aims to optimise the portfolio of 32 hydro plants, integrating cutting-edge technology to enhance performance and automation.
Together with Hydrogrid, Downing will focus on implementing a mix of modules, ranging from full cascade optimisation to plant connection with basic inflow integration.
The project is set to kick off in September 2024.
“Hydrogrid’s technology is a cornerstone of our digitalisation journey, making our small-scale cascades future-ready,” said portfolio manager and GM of Downing Sweden Ulf Wennilsjo.
“Our collaboration will leverage Hydrogrid Insight to optimise a 45MW fleet comprising 32 power plants, including the Norsälven Cascade (pictured), which served as a proof of concept over the past year.”
Hydrogrid chief executive Janice Goodenough added: “Starting with Norsälven Cascade, and moving forward to the full portfolio, Downing has renewed and amplified trust in our collaboration, focusing on automation and digitalisation across their hydro fleet.
“We are honoured to support Downing reach this goal and look forward to celebrating each milestone along the way.”
The advanced water management platform is set to complement the acceptance of the first Downing HPP into the capacity market under FCR-N and FCR-D, it said.
Additionally, the investment manager will work closely with OneNordic for operations and maintenance, ensuring seamless data communication and operational excellence.