Ingrid Capacity is rethinking how energy systems work — tackling grid constraints by combining flexible energy assets, advanced grid optimization software, and innovative ways to contract and trade electricity and flexibility. The goal is to make real-time flexibility available where and when it’s needed to meet the growing demand for clean electricity.
This deal demonstrates the bankability of grid-scale BESS as both credible and scalable. It marks a key step in scaling Ingrid Capacity’s impact and building a more flexible, resilient, and affordable clean energy system across Europe.
“This financing is more than a milestone — it’s proof that the market sees what we see: battery storage is not just an emerging technology. It’s part of the core infrastructure of tomorrow’s energy system — essential for energy security, affordability, and decarbonization. We deeply value our partnership with BW ESS and Nordea — both of whom share our conviction in the critical role of storage and our commitment to delivering impact across Europe.”
says Axel Holmberg, CEO of Ingrid Capacity.
The portfolio of 14 battery sites across Sweden was built and commissioned in under a year from financial investment decision — an exceptionally fast timeline for energy infrastructure. The projects were officially inaugurated in October 2024 by Sweden’s Minister for Climate and the Environment, Romina Pourmokhtari. In her inauguration speech, she emphasized the importance of stronger power grids and improved energy storage to meet rising electricity demand, achieve Sweden’s climate goals, and strengthen competitiveness.
Today, these 14 sites actively deliver critical grid services, support the power system in real time, and contribute to lowering electricity costs for consumers.
“This landmark financing for energy storage leverages a 20-year, multiple transaction relationship between Nordea and BW Group. It underlines the strength of our business model, coupling local development expertise with our global experience and financing relationships to unlock the value of energy storage.”
says Marc Weisser, CFO of BW ESS.
Ingrid Capacity aims to be a long-term partner for capacity and flexibility off-takers and partners — providing tailored energy solutions to utilities, industrial users, data centers, and energy markets. Our solutions support grid operators, relieve grid constraints, reduce market volatility, and accelerate the wider electrification of society. By 2030, Ingrid Capacity targets managing and orchestrating 8GW of flexible assets across Europe.
