What We Do.
Coreteq is a prominent provider of comprehensive Battery Energy Storage Solutions (BESS), dedicated to crafting complete solutions that optimize energy storage. Our core initiative involves the establishment of battery parks strategically focused on contributing to grid frequency regulation markets. The primary objective is to uphold the stability of the Nordic grid, maintaining it at the crucial frequency of 50.0Hz.
Challenge
Requirement for Electricity Grid Stability
- Electricity grid must maintain a 50.0Hz frequency.
- Grid is sensitive to imbalances.
Consequences of Imbalances
- Breakdown of electrical products.
- Potential power outages.
Role of Svenska Kraftnät
- Mission to ensure grid stability at 50.0Hz.
- Procures services to aid in balancing the grid.
Solution
Utilizing BESS for Grid Stability
- BESS (Battery Energy Storage Systems) is a proven solution.
- Batteries to maintain grid balance are already in place in Sweden.
- Technology is sourced from trusted suppliers experienced in frequency regulation.
Svenska Kraftnät and the Business Model
- Svenska Kraftnät, owned by the Swedish government, is the key customer.
- The business model focuses on maintaining a 50.0Hz grid balance.
- Svenska Kraftnät's investment in 2022 was over SEK 5 Billion, with plans to increase.
- Aim to be among Sweden’s leading contributors to grid stability.
The frequency regulation market plays a pivotal role in the smooth functioning of the energy grid. Sustaining the grid at 50.0Hz is vital as it ensures a synchronized and efficient power distribution system. Any deviation from this optimal frequency can lead to disruptions, impacting the overall reliability and performance of the grid. Therefore, our commitment to deploying BESS within these markets showcases our dedication to maintaining this critical frequency, bolstering grid stability, and ensuring a seamless, uninterrupted energy supply to meet the region's demands.
By investing in Coreteq's BESS innovative solutions, you align yourself with the future of sustainable energy and become an integral part of a mission to enhance energy infrastructure, support grid stability, and ultimately foster a more sustainable and reliable energy ecosystem for all.
Svenska Kraftverk.
The need for reserves in the electricity grid today
- The potential business benefit of contributing reserves is excellent.
- The power system needs new suppliers of resources as the markets are growing, and more and more different technologies can help maintain a stable power system.