Large scale battery energy storage systems support the electricity grid in Töreboda and Mariestad.
Recap Energy today announced a collaboration with VänerEnergi and Hitachi Energy where Recap installs 3,3 MW battery energy storage solutions (BESS). This collaboration will lift the Recap concept "Battery as a Service" where the client pays for the hourly capacity used from the energy storage. Battery as a Service (BaaS) is a concept that will, amongst other, help clients to reduce peak load problems without taking on heavy investments.
A local grid company such as VänerEnergi benefits from having BESS for managing its peaks loads, but it would not be profitable for them to invest in their own battery for that purpose alone. Through Recap's innovative business model and smart control system, they can now lease an industrial battery during the hours they want to use the battery and its capacity.
Recap Energy, VänerEnergi and Hitachi Energy, who are companies with years of knowledge and experience in the energy market, have agreed to collaborate in this project with the purpose of filling the gap between "classic" and "innovative" business models with regards to energy storage solutions.
"Recap Energy has during the last year prepared a flexible finance for BESS to solve the issues that arise with the rapidly growing electrification in the society. The project in Töreboda/Mariestad shows that Recap together with its partners have reached a proof of concept of this innovative business model" says Marco Berggren, Founder and CEO at Recap Energy.
"VänerEnergi is a local energy company with 15,000 electricity grid customers. In the new age that we live in with electric car charging and photovoltaic systems, we are facing new challenges. By installing energy storage, we will increase the stability of our electricity grid" says Ulf Gustafsson, Network Manager at VänerEnergi.
"We continue to develop our technology and partnerships to advance a sustainable energy future for all," says Tobias Hansson, Country Managing Director at Hitachi Energy in Sweden. "We are proud to share our knowledge and deliver the technical solution including the energy storage that will allow to integrate more renewable energy while ensuring a stable and flexible grid", he adds.
Recap Energy is a Swedish company that provides flexible, customized, and fully financed clean energy solutions to C&I clients. Recap is active in many countries besides Sweden such as Spain, Portugal, Colombia, Brazil and India. Leveraging on a deep technical commercial knowledge and strong financial expertise, Recap's projects combine customized Energy as a Service and Battery as a Service solutions to its corporate clients.
VänerEnergi is the local energy company in Mariestad and Töreboda and is owned by the municipalities of those cities which in practice means all municipal residents are also a partner to them. VänerEnergi conduct business in electricity networks, city networks, district heating and telephony. In their wholly owned subsidiary VänerEl AB, they offer electricity trading.
Hitachi Energy have 140 years heritage in Sweden and serves customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries.
Marco Berggren, CEO Recap Energy.
Ulf Gustafsson, Network Manager Vänenergi.
Elin Glimberg, Media Relations and Content Manager Hitachi Energy.