Skip to main content

Nordic battery boom: Powering growth amid saturation risks​

By January 24, 2025January 29th, 2025Public, Europe, Insight, Hydrogen

Nordic Battery Boom: Powering Growth Amid Saturation Risks

The Nordic battery market is growing at an unprecedented pace, with over 4GW added to the pipeline in just one year. While this boom signals exciting opportunities, it also brings challenges, such as falling ancillary service prices and rising risks of market saturation. This report unpacks the strategies needed to navigate these dynamics and sustain profitability in this rapidly evolving market.

Explore key insights, including:

  1. Unprecedented capacity growth: Nordic battery capacity has surged, with Sweden leading the way. Discover why SE3 and SE4 dominate the pipeline and how Denmark and Finland are catching up.
  2. Revenue pressures from saturation: Learn how increasing battery capacity is driving down ancillary service prices.
  3. Untapped opportunities for growth: Explore new revenue streams like mFRR and aFRR markets, financial trading, and co-location with renewables to stay competitive as markets mature.
  4. The path forward for Nordic batteries: Identify how innovative strategies and evolving market mechanisms can unlock additional value, ensuring sustained returns even as competition intensifies.

 

Want to dive deeper?
Access the full Nordic Battery Boom Report for detailed analysis and actionable insights shaping the future of energy storage in the Nordics.

Sign up to receive our latest public insights straight to your inbox

Sign Up