Sustainable Energy Solutions Swedish Holding has announced its intention to enter the Spanish renewable energy storage market with a project, currently in the study phase, which could give a second life to an old mine. For the time being, it has signed a letter of intent with an energy operator that shares its commitment, it says in a statement, to sustainability and innovation in the energy industry.

This new step in the Swedish company's international expansion involves the study of a potential underground pumped hydroelectric energy storage project in a decommissioned mine. Technology that is receiving increasing interest from landowners and mine owners around the world for its ability to give new life to spaces that have fallen into disuse.

Attracting other investors
The agreement signed, with an energy operator, whose name has not been disclosed, will lead to the development of an energy storage project in a mine whose name and location has also not been made public. Sens will assess the commercial, technical, financial and legal aspects of the project in this study phase, which will start very soon. This information will facilitate future discussions with its potential partner and even attract other investors.

Prior to the signing of the Memorandum of Understanding, Spanish representatives of the Swedish company visited the mining area. The feasibility study will be carried out later this year and the parties will jointly assess whether the project is financially viable.

An important step
Sens' Managing Director Henrik Boman explained, "By signing a letter of intent with this energy innovator, Sens is taking an important step in the development of a new pumped storage project in Spain. This initiative is a key part of our efforts to broaden our portfolio and strengthen our market position, especially internationally. Our collaboration with the operator is based on our shared focus on the development of energy storage solutions, which are essential for future energy systems. The next step will be a feasibility study to assess the full potential of the project."

Sens' solutions combine the development, design, construction and sale of renewable energy projects with state-of-the-art energy storage technologies, such as underground pumped hydro storage and battery energy storage systems.

^{Photo: Sens}