Why should we invest in energy storage technologies in Sweden?

The rapidly increasing electrification of Sweden entails major technical challenges and very large investment needs Sens combines knowledge of renewable energy production, energy storage and infrastructure financing to Energy storage technologies are becoming increasingly important for integrating renewable energy sources into the electricity grid.

What are energy storage technologies?

By storing excess energy generated during production peaks, power can be provided when it is needed most. Several different energy storage technologies are available, including underground pumped storage plants (UPHS), pumped storage power plants (PHS), and large-scale battery storage systems (BESS)

Should we study the Swedish energy system at national scale?

Hitherto studies have predominantly focused on electricity sector. Nevertheless, the targets for 2045 necessitates studying the Swedish energy system at national scale in the context of sector coupling & storage.

What is the future of the Swedish energy system?

Table 1. Summary of literature review. In case of the Swedish energy system, there are uncertainties surrounding the future of nuclear power plants, the anticipated increase in wind and solar PV installations, electrification trends, and the role of hydrogen in the steel industry [34, 35].

What energy sources does Sweden use?

Sweden has a diverse mix of energy sources. Domestically, it relies on hydropower, wind, and biomass. However, it imports fossil fuels like oil, natural gas, nuclear fuels, and a portion of biofuels from other countries . Fig. 1 illustrates the composition of different energy sources in the supply mix. Fig. 1.

Can Sweden decarbonize its energy sector?

While Sweden has multiple initiatives to decarbonize its energy sector, large-scale integration of wind power and increased electrification pose challenges in balancing demand and supply. However, this transition offers both solutions and new challenges.