Fotowatio Renewable Ventures (FRV) has secured financing for the SIMO energy storage system, a 100 MW/200 MWh BESS project located in the Lapland region of Finland.
The two phases of the BESS project with SIMO
This project is structured in two interconnected stages: Phase 1, with a capacity of 30 MW/60 MWh, operates in the wholesale market, while Phase 2, with a capacity of 70 MW/140 MWh, is under construction and is scheduled to start operations in August 2026. Both stages share a connection point to the national grid, which optimizes their efficiency and operational coordination.
Developed in partnership with AMPTank Energy Oy, the SIMO project has the exclusive financial backing of Kommunalkredit Austria AG. Kommunalkredit Austria AG acts as the sole organizer and lender of the project, demonstrating a strong commitment to the European energy transition and the development of sustainable storage infrastructures.
The technological implementation includes 24 Sungrow PowerTitan battery systems in the first phase, while the second phase will have 34 Huawei Luna battery containers. Together, these technologies will supply a total capacity of 200 MWh, deployed over an area of 1.2 hectares. This technological deployment aims to increase grid flexibility and facilitate greater integration of renewable sources in Finland.
With SIMO, FRV expands its global portfolio of energy storage systems, consolidating its role as a strategic operator in European markets. This project aligns with Finland’s national decarbonization goals and strengthens the energy infrastructure in a region in the north of the continent, just over 100 km from the Arctic Circle.
Source and photo: FRV
