en.Wedoany.com Reported - Finnish energy company Fortum has submitted two permit applications for pumped storage projects in Sweden, with a total installed capacity of approximately 864 megawatts, corresponding to 514 MW and 350 MW respectively.
The two projects are located in Bastvålen in Värmland County, west-central Sweden, and Lekstjärnen in Dalarna County, central Sweden. These projects are part of Fortum's ongoing feasibility study aimed at assessing the commercial, technical, environmental, and regulatory conditions for new pumped storage projects in Sweden. As of February 2025, Fortum has approximately 90 MW of pumped storage capacity in operation in Sweden.
Pumped storage can provide large-scale, long-duration flexibility, which is crucial for building a resilient and reliable power system. Mikael Lemström, Head of Fortum's Hydropower business, stated that submitting these permit applications marks "an important milestone in assessing the feasibility of projects with clear system value."
Both facilities currently require approval from the Swedish Land and Environment Court, and whether further development and investment are allowed depends on the court's ruling. Fortum stated that no investment decisions have been made to date.
In addition to pumped storage, Fortum is also active in nuclear power services, heating and cooling, electricity trading, and battery recycling. The company operates what is reportedly Europe's largest closed-loop hydrometallurgical battery recycling facility in Finland, capable of processing end-of-life lithium-ion batteries for electric vehicles and standalone energy storage systems, while recovering materials used by battery manufacturers. Additionally, there is a battery recycling facility in Kirchardt, Germany. Its core business is concentrated in the Nordic region, with operations also in Ireland, the UK, the Netherlands, Germany, Poland, and India. The company owns 111 hydropower plants in Sweden and is involved in the country's nuclear, wind, and solar power sectors.
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