Arctic Paper to house 24 MW of BESS at two Swedish sites

Polish printing paper maker Arctic Paper SA (WSE:ATC) on Wednesday said that it has agreed with S.E.R. Sverige AB to install two battery energy storage systems (BESS) with a combined capacity of 24 MW at two of its mills in Sweden.

The companies have signed a 15-year agreement under which Arctic Paper will provide terrain and grid connections for the contractor to install and connect the BESS sites to the grid and also provide system services to the Swedish transmission system operator (TSO), a press statement said.

The power storage facilities will be installed at Arctic Paper’s mills in Grycksbo and Munkedal. The contract is expected to contribute between SEK 10 million (USD 916,000/EUR 853,000) and SEK 30 million to the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first two years of operation starting in 2025.

“Being large energy consumers with high-capacity connections, our mills have a significant advantage in terms of managing the power grid. An additional value is the gathering of experience from the Swedish market, so that Arctic Paper also can provide grid system services in Poland,” Arctic Paper’s CEO Michal Jarczynski noted.

(SEK 10 = USD 0.916/EUR 0.853)

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