Why should Sweden invest in energy storage?

“Sweden is facing a significantly increased demand for electricity, which must be addressed through a combination of increased fossil-free electricity production, stronger power grids and improved energy storage. It is a great honor to inaugurate the largest energy storage investment in the Nordics, with 211 MW now connected to the power grid.

How do Sweden's energy policies affect economic growth?

Sweden’s energy policies give preference to technology‑neutral measures and market mechanisms, with the aim to reduce emissions in a cost‑effective way. Carbon taxation in particular has been an effective driver of decarbonisation, and Sweden has showed that high environmental taxes can be combined with sustained economic growth.

How many large-scale energy storage systems are there in Sweden?

The initiative, led by Ingrid Capacity in collaboration with BW ESS, consists of 14 large-scale energy storage systems with a total capacity of 211 MW/211 MWh. This milestone investment represents a significant step toward Sweden’s goal of achieving a carbon-neutral energy system.

Can Swedish energy policy be designed in a vacuum?

“The Swedish energy policy cannot be designed in a vacuum. We depend on a well-functioning European electricity market to achieve not only the climate targets but also to strengthen the union’s competitiveness. Sweden should actively contribute to the EU’s efforts to integrate the electricity markets.”

How is Sweden managing its energy transition?

In this review of Sweden’s energy policies, the IEA looks at how the country is managing its energy transition, as well as how this transition affects energy security. Sweden’s electricity system – based on nuclear, hydro and a growing share of wind power – is nearly fossil‑free.

Is Sweden a 'forerunner' in energy policy?

In 2019, Sweden was the EU innovation leader (EC, 2019c). With regard to innovation and technology-led climate change mitigation, the country is frequently characterised as a “forerunner” in its energy policies, reflecting Sweden’s ambition to “lead by example” (Pettersson and Söderholm, 2009).