Solarplaza Summit | Nordics

PV is headed for a long-term marriage: Energy Storage. These two technologies, stand alone and co-located are defining the Nordics' energy landscape through new revenue streams and profitability oppportuniuties. Traditional business models based on standalone PV appear harmful and outdated/ We kick off the day by providing you with a clear snapshot on what is going on in the Nordics PV & BESS utility scale market and how it is expected to shape over the next years.

As the energy transition accelerates, the demand for power transmission and grid flexibility is rapidly increasing. This is particularly true in Denmark, where the national transmission system operator (TSO), Energinet, plays a pivotal role in supporting the evolving energy landscape. How can Energinet provide the necessary support to power producers during this new capacity ramp-up while ensuring system stability, flexibility, and reliability?

Successfully realizing PV projects demands both maximizing revenue streams and implementing robust risk management strategies. In this presentation, we will examine future-proof BRP services for PV plants and why they are essential, with a focus on mitigating the increasing trading risks in today’s evolving electricity markets.

This session delves into the critical safety dimensions of battery energy storage, emphasizing the scientific principles behind thermal management, fire suppression, and lifecycle safety. Join us to explore how emerging safety standards can address Europe’s unique regulatory needs and support widespread BESS deployment. Through detailed analysis, we will examine the latest methodologies for preventing thermal runaway, implementing multi-layered safety measures, and integrating BESS within renewable energy frameworks.
 

The focus on revenue maximization and optimization in our industry is essential, as these revenues justify the significant investments in battery storage. There’s a fine balance between maximizing immediate revenues and ensuring the longevity of battery assets. Improper or excessive use can not only cut short the battery’s life but also limit its ability to operate at peak efficiency, leading to missed opportunities and increased maintenance costs. What can we learn from malfunctioning issues in the past and what measures can we take to enhance battery longevity and improve ROI?

Whether deployed as standalone systems or integrated into hybrid setups with REs, BESS trading strategies are critical for optimizing returns.
The question of where you can earn the most in the Nordics market depends on various factors, including market dynamics, regulatory frameworks, pricing mechanisms, and the specific use cases for BESS. Different trading strategies, such as frequency regulation, energy arbitrage, and ancillary services, offer specific revenue streams. Understanding these opportunities and tailoring strategies to the Nordics' unique energy landscape can maximize profitability.

As developers strive to navigate fluctuating energy prices and the uncertainties of the market, PPAs are seen as a crucial tool to provide financial stability and predictability. However, while PPAs offer numerous benefits, they also come with potential challenges and considerations that must be carefully managed. Are PPAs an effective hedge against market volatility, or do they introduce new layers of complexity that developers need to anticipate?

Investors and developers are increasingly scrutinizing the financial viability of PV & BESS technologies to determine whether they can generate attractive returns. Achieving positive double-digit Net Present Value (NPV) and Internal Rate of Return (IRR) on PV and BESS investments in 2025 and beyond is an ambitious yet critical goal. However, this depends on several factors, including policy incentives, technology costs, electricity market conditions, and grid infrastructure improvements. The question arises: can these investments deliver the desired returns while supporting the broader goals of sustainability and decarbonization?