NTR, a leading renewable energy specialist selects Fluence for Flagship Finnish Battery Energy Storage System
NTR, a sustainable infrastructure investor, has partnered with Fluence to develop a major battery energy storage system in Finland. The 55MW / 110MWh Uusnivala project, located in Nivala, Northern Ostrobothnia, will be one of Finland's largest battery installations.
The project will use Fluence's advanced Gridstack Pro 5000 technology and Nispera asset management platform to provide critical services including frequency regulation, grid balancing, and energy shifting. Construction is set to begin shortly, with completion expected by mid-2026.
This marks the first battery project from the L&G NTR Clean Power Fund, which recently secured over €600m in commitments. The project follows NTR's earlier Finnish investment in the operational Pajuperänkangas 86.8MW windfarm, demonstrating their expanding presence in Finland's renewable energy sector.
NTR, un investitore in infrastrutture sostenibili, ha collaborato con Fluence per sviluppare un importante sistema di accumulo energetico a batteria in Finlandia. Il progetto Uusnivala da 55MW / 110MWh, situato a Nivala, nella regione della Ostrobotnia Settentrionale, sarà una delle più grandi installazioni di batterie in Finlandia.
Il progetto utilizzerà la tecnologia avanzata Gridstack Pro 5000 di Fluence e la piattaforma di gestione degli asset Nispera per fornire servizi fondamentali come la regolazione della frequenza, il bilanciamento della rete e lo spostamento dell’energia. La costruzione inizierà a breve, con completamento previsto entro la metà del 2026.
Questo rappresenta il primo progetto di batterie del L&G NTR Clean Power Fund, che ha recentemente ottenuto oltre 600 milioni di euro di impegni finanziari. Il progetto segue l’investimento precedente di NTR in Finlandia nel parco eolico operativo Pajuperänkangas da 86,8MW, dimostrando la loro crescente presenza nel settore delle energie rinnovabili finlandesi.
NTR, un inversor en infraestructuras sostenibles, se ha asociado con Fluence para desarrollar un importante sistema de almacenamiento de energía en baterías en Finlandia. El proyecto Uusnivala de 55MW / 110MWh, ubicado en Nivala, en Ostrobotnia del Norte, será una de las mayores instalaciones de baterías en Finlandia.
El proyecto utilizará la avanzada tecnología Gridstack Pro 5000 de Fluence y la plataforma de gestión de activos Nispera para proporcionar servicios críticos como regulación de frecuencia, balance de red y desplazamiento de energía. La construcción comenzará pronto, con finalización prevista para mediados de 2026.
Este es el primer proyecto de baterías del L&G NTR Clean Power Fund, que recientemente aseguró más de 600 millones de euros en compromisos. El proyecto sigue a la inversión anterior de NTR en Finlandia en el parque eólico Pajuperänkangas de 86,8MW en operación, demostrando su creciente presencia en el sector de energías renovables finlandés.
NTR는 지속 가능한 인프라 투자자로서 Fluence와 협력하여 핀란드에 대형 배터리 에너지 저장 시스템을 개발합니다. 북부 오스트로보트니아의 니발라에 위치한 55MW / 110MWh 규모의 우스니발라 프로젝트는 핀란드에서 가장 큰 배터리 설치 중 하나가 될 것입니다.
이 프로젝트는 Fluence의 첨단 Gridstack Pro 5000 기술과 Nispera 자산 관리 플랫폼을 활용하여 주파수 조절, 그리드 균형 조정, 에너지 이동 등 중요한 서비스를 제공합니다. 건설은 곧 시작될 예정이며, 2026년 중반까지 완료될 것으로 예상됩니다.
이번 프로젝트는 최근 6억 유로 이상의 약정을 확보한 L&G NTR Clean Power Fund의 첫 배터리 프로젝트입니다. 이 프로젝트는 NTR가 핀란드에서 운영 중인 86.8MW 파주페렌칸가스 풍력발전단지에 투자한 것에 이은 것으로, 핀란드 재생에너지 분야에서의 입지를 확장하고 있음을 보여줍니다.
NTR, un investisseur en infrastructures durables, s’est associé à Fluence pour développer un important système de stockage d’énergie par batterie en Finlande. Le projet Uusnivala de 55MW / 110MWh, situé à Nivala en Ostrobotnie du Nord, sera l’une des plus grandes installations de batteries en Finlande.
Le projet utilisera la technologie avancée Gridstack Pro 5000 de Fluence et la plateforme de gestion d’actifs Nispera pour fournir des services essentiels tels que la régulation de fréquence, l’équilibrage du réseau et le transfert d’énergie. La construction débutera prochainement, avec une achèvement prévu pour la mi-2026.
Il s’agit du premier projet de batterie du L&G NTR Clean Power Fund, qui a récemment sécurisé plus de 600 millions d’euros d’engagements. Ce projet fait suite à l’investissement antérieur de NTR en Finlande dans le parc éolien opérationnel Pajuperänkangas de 86,8MW, démontrant leur présence croissante dans le secteur des énergies renouvelables finlandais.
NTR, ein Investor für nachhaltige Infrastruktur, hat sich mit Fluence zusammengetan, um ein großes Batteriespeichersystem in Finnland zu entwickeln. Das 55MW / 110MWh Uusnivala-Projekt in Nivala, Nordösterbotten, wird eine der größten Batterieanlagen Finnlands sein.
Das Projekt wird die fortschrittliche Gridstack Pro 5000-Technologie von Fluence und die Nispera Asset-Management-Plattform nutzen, um wichtige Dienste wie Frequenzregelung, Netzstabilisierung und Energiespeicherung bereitzustellen. Der Baubeginn ist in Kürze geplant, die Fertigstellung wird Mitte 2026 erwartet.
Dies ist das erste Batterieprojekt des L&G NTR Clean Power Fund, der kürzlich über 600 Mio. € an Zusagen erhalten hat. Das Projekt folgt auf NTRs frühere finnische Investition in den operativen Windpark Pajuperänkangas mit 86,8MW und zeigt deren wachsende Präsenz im finnischen Sektor für erneuerbare Energien.
- Secured major 55MW/110MWh battery system contract in Finland, expanding market presence
- Project backed by €600M L&G NTR Clean Power Fund, indicating strong financial support
- Strategic entry into Finnish market where only 250MW BESS capacity is currently installed
- Implementation of Nispera platform for performance optimization, potentially increasing operational efficiency
- Project completion expected by mid-2026, providing clear revenue visibility
- Construction hasn't started yet, carrying execution risks
- Heavy dependence on contractors and equipment partners for project success
- Potential market competition as Finland expands BESS capacity
Insights
Finland's energy storage capacity significantly expands with NTR's 55MW BESS project using Fluence technology, strengthening grid stability services.
This 55MW/110MWh battery energy storage system in Finland represents a substantial addition to the country's energy infrastructure, which currently has only approximately 250MW of installed BESS capacity. The project's selection of Fluence's Gridstack Pro 5000 technology is technically significant as it will deliver critical system services including frequency regulation, grid balancing, grid forming and energy shifting - all essential components for maintaining stability in grids with increasing renewable penetration.
The project's location in Northern Finland strategically strengthens grid resilience in a region potentially vulnerable to intermittency issues. What's particularly notable is the grid-forming capability, which provides synthetic inertia to help stabilize frequency - a critical function as traditional thermal generators are retired across European markets.
This BESS project emerges from the L&G NTR Clean Power (Europe) Fund, which recently secured over €600 million in commitments for European clean energy infrastructure. As their first battery project to enter construction, it signals the fund's diversification beyond the wind assets mentioned in the article.
Fluence secures significant Finnish BESS contract, strengthening Nordic presence and validating their Gridstack Pro 5000 technology in competitive European market.
For Fluence Energy (NASDAQ: FLNC), this contract represents a meaningful expansion in the Nordic energy storage market. The selection of their Gridstack Pro 5000 technology for one of Finland's larger BESS projects validates their technological approach in a competitive landscape and enhances their European market footprint.
While the article doesn't disclose the specific contract value, the implementation includes both hardware deployment and integration of Fluence's Nispera asset performance management platform, indicating a potential for ongoing service revenue beyond the initial equipment installation. This dual hardware-software approach aligns with industry trends toward comprehensive energy storage solutions.
The project's timeline, with construction beginning shortly and completion estimated by mid-2026, suggests a multi-year revenue recognition period. As part of NTR's broader €600 million clean energy infrastructure fund, this project demonstrates Fluence's ability to secure contracts from major institutional investors focused on Europe's energy transition.
This contract enhances Fluence's presence in the Finnish market, where only 250MW of battery storage is currently installed, positioning them as a key technology provider in a market with substantial growth potential as more renewable capacity comes online.
Fluence, a market leader in energy storage technology, selected to supply the 55 MW / 110 MWh battery system supporting FinGrid with critical system services
DUBLIN and AMSTERDAM, April 30, 2025 (GLOBE NEWSWIRE) -- NTR, a leading sustainable infrastructure investor and asset manager, has signed contracts with all key equipment and contractor partners for its ready-to-build Uusnivala battery energy storage system (BESS) project located in Nivala, Northern Ostrobothnia province, Finland.
The 55MW / 110MWh BESS project will deliver system services including frequency regulation, grid balancing, grid forming and energy shifting.
Fluence Energy B.V., a subsidiary of Fluence Energy, Inc. (NASDAQ: FLNC) (“Fluence”), has been selected to provide their advanced battery technology solution, Gridstack Pro 5000, designed to effectively optimise land usage, enhance operations and reduce costs while providing industry-leading safety. Once deployed, the system will use Nispera, Fluence’s asset performance management platform, to ensure optimised performance.
Despro has been appointed as owners engineer and Nordic Electro Power “NEPower” has been appointed as balance of plant contractor, delivering both the BESS integration and 110kV substation works. Construction is anticipated to begin in the coming weeks with completion estimated by mid-2026.
Whilst NTR has a number of BESS projects under management, this project marks the first battery energy storage project of the L&G NTR Clean Power (Europe) Fund to go into construction, reaffirming its commitment to invest in and develop diversified clean energy infrastructure. The Fund is a joint partnership between NTR and Legal & General (L&G), a major global investor. At the beginning of April, the Fund reached its final close, securing total commitments of over
The Uusnivala BESS is one of the larger BESS projects to be developed in Finland, with circa 250 MW currently installed across the market. This project is the Fund’s second development in Finland, having announced in October 2023 the acquisition of Pajuperänkangas 86.8MW windfarm which is now operational.
Liam Lyng, Associate Director, Construction at NTR, commented: “Uusnivala is a milestone project for us, being our first venture into the Finnish battery storage market. We are excited to partner with Fluence and local contractors to deliver a project that will contribute to Finland’s energy resilience and net zero ambitions.”
Hugo Smith, Managing Director, Benelux, Nordics, Baltics & France at Fluence commented: “We’re pleased to support NTR with the Uusnivala project — a BESS with grid-forming capabilities that reflects our shared commitment to accelerating the clean energy transition in Finland and enhance local system resiliency. This collaboration highlights the vital role of storage in enabling a more resilient and flexible power system.”
Media Enquiries:
For NTR : Gilly Lock/ Louisa Henry
Sodali (NTR PR Advisor)
Telephone: +44 (0) 20 7100 6451
Email: ntr@sodali.com
For Fluence : Stephanie Robinson
Marketing Manager, Digital Products, EMEA
Telephone: +44 (0) 73 8869 8416
Email: stephanie.robinson@fluenceenergy.com
About NTR
Established in 1978, NTR is an experienced sustainable infrastructure investor and asset manager driving Europe’s clean energy transition. NTR develops, constructs, and operates renewable energy projects in circa 66 locations across seven European countries, specialising in wind, solar and energy storage. With over
NTR’s mission of developing, constructing, and operating sustainable infrastructure in a responsible manner means that we incorporate an ESG mindset into every stage of the business. From initial investment assessment through to operational projects, NTR aims to have a positive impact on the environment and society while maintaining strong governance and risk management oversight.
About Fluence Energy
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. Fluence’s solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, Fluence is transforming the way we power our world for a more sustainable future.
Cautionary Statement Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of this project, anticipated timeline of project completion and construction, and other beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “commits,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, such factors set forth under Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission (“SEC”) on November 29, 2024, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.
FAQ
What is the size and location of Fluence's (FLNC) new battery storage project in Finland?
When will Fluence (FLNC) complete the Uusnivala battery project in Finland?
What services will Fluence's (FLNC) Finnish battery system provide?
How does the Uusnivala project fit into Finland's energy market?
Who is partnering with Fluence (FLNC) on the Finnish battery project?
