Investment opportunities

Byhmgard offers access to high-growth markets in Sweden, Finland, Poland, and the Baltic States, where proactive energy policies are shaping the energy landscape. Our ready-to-build pipeline features pre-negotiated land leases and established connections for swift market entry.

Our battery storage systems trade on several markets, including frequency regulation, ancillary services, energy arbitrage, and capacity markets. These markets enable us to provide services such as grid stabilization, peak shaving, and demand response. We can also participate in market schemes that facilitate the trading of stored energy during periods of high demand or when renewable generation is low. As regulatory frameworks evolve and support for energy storage increases, opportunities for trading in these markets are expected to expand, enhancing the economic viability of battery storage systems across the region.

By using AI-generated aggregation services, we anticipate an annual internal rate of return exceeding 15% over the next 20 years, generated by optimization services. 

Our pipeline includes sites with a combined capacity of over 1.1 GW and 2.8 GWh of energy storage, valued at approximately €750 million. Each site operates as a distinct legal entity through a Special Purpose Vehicle (SPV).

Byhmgard is seeking institutional and private equity investments starting from €XXX, providing opportunities for both direct ownership and co-investment in our battery energy storage systems. Our experienced team manages every stage of the asset lifecycle, ensuring operational excellence and maximizing returns for our investors.

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Pipeline

Pipeline

1.1 GW/2.8 GWh

Capex

€750 million

Project sizes

4MW-125MW

Frequently asked questions

What is a battery storage system?

A battery storage system consists of one or more batteries connected to an inverter. The inverter converts direct current (DC) into alternating current (AC), which can be used for various purposes.

A small-scale battery storage system may consist of individual battery units stacked together according to the manufacturer’s design. A medium-sized system typically comes as a cabinet that houses both the inverter and battery modules. Large-scale battery storage systems can take the form of either containerized solutions or multiple cabinets containing batteries and inverters.

For large installations, we typically provide a quotation that includes the required distribution panel, and in some cases, a substation – where applicable.

What can a battery storage system be used for?

  1. Backup power – Provides electricity during short-term outages.

  2. Island mode / off-grid operation – Enables longer-term operation during outages or in off-grid setups.

  3. Ancillary services – Supports Svenska Kraftnät (the Swedish national grid operator) by helping to balance the grid.

  4. Peak shaving – Reduces power peaks to lower the required main fuse rating or to prevent tripping the fuse during high loads.

  5. Energy arbitrage – Charges the battery with low-cost electricity during off-peak hours and discharges it during peak hours to reduce costs or sell electricity at a higher price.

  6. Solar energy balancing – Stores excess solar energy during the day and makes it available for use during the evening or nighttime.

Can a battery storage system be used for all applications at the same time?

No, for example, energy arbitrage or ancillary services for Svenska Kraftnät cannot be performed during a power outage. Our equipment requires an internet connection, and in some cases, the inverters need AC input from the grid (such as power from the building’s main supply).

When ancillary services for Svenska Kraftnät are active, the battery system cannot simultaneously perform other tasks. However, it is possible to schedule different operations, such as:

  1. Peak shaving between 07:00 and 18:00

  2. Ancillary services between 18:00 and 07:00


What does the future look like for electricity prices and grid imbalances?

Considering the ongoing efforts both internationally and nationally, we assess that electricity prices will remain high compared to historical levels. At the same time, we believe that market volatility will gradually decrease, meaning electricity prices will trend downward over a longer time horizon.

However, imbalances in the power market are expected to remain high. What does this mean?
We believe these imbalances will persist due to a lack of turbines within major dispatchable energy sources – such as hydropower, nuclear, gas, oil, and combined heat and power (CHP) plants. Solar and wind power, while renewable, do not provide dispatchable energy unless combined with energy storage.

In parallel, the green transition is accelerating: society is becoming increasingly electrified while dispatchable energy becomes increasingly scarce. This combination will likely lead to continued imbalances in the power grid.

In summary:
We expect revenues from ancillary services to remain strong, while electricity prices gradually stabilize over time.

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