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    OX2 finalises the sale of a storage facility in Sweden

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    OX2 has finalised the sale of its Bredhälla energy storage facility in Sweden.


    In April, the developer announced the agreement to sell the 42.5MW Bredhälla energy storage facility to Flower, a Swedish firm specializing in energy technology and storage solutions.


    The transaction has now been completed following approval from Svenska Kraftnät, the Swedish transmission system operator, OX2 reported. Construction of Bredhälla, located in Uppvidinge municipality in Southern Sweden, began in late 2022.


    The facility comprises lithium-ion battery technology with a total capacity of 42.5MWh distributed across 20 containers. Bredhälla will offer ancillary services to Svenska Kraftnät to help maintain grid stability.


    Additionally, it will engage in wholesale markets through energy arbitrage. Upon commissioning, OX2 will oversee the technical and commercial management of the facility under a five-year agreement.


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