Nidec ASI signs BESS installation agreement with Neoen

Nidec ASI Co., Ltd., part of the Motion & Energy Business Unit of Nidec Corporation, has signed two installation agreements for battery energy storage systems (BESS) with French renewable energy developer Neoen. The total value of the two agreements is approximately EUR 70 million.

The battery energy storage system under the agreement will be designed and assembled in Roches-la-Molière, Loire, France, and will be put into operation near the village of Julikala in Lappeenranta, Finland and Vesterålen County, Sweden in the first half of 2025. The capacity of the battery energy storage system is 93.9 MWh and 112.9 MWh respectively.

In recent years, BESS has also attracted much attention in Nordic countries as a technology to achieve a stable supply of renewable energy. Nidec ASI has a BESS market share of more than 50% in the Nordic region, especially Sweden, which has become Nidec ASI's fourth largest market. In the past three years, Nidec ASI has signed seven cooperation agreements with Neoen, Germany's Uniper and Sweden's OX2.

Xavier Barbaro, CEO of Neoen, said: “Batteries play an important role in the energy transition by enabling a stable supply of renewable energy, as they can increase the share of renewable energy in the energy mix used for power generation. We are convinced that accelerating the deployment of these large batteries will enable a rapid and challenging energy transition.”

Franck Girard, President of Nidec ASI SAS, said: “With this new project, Nidec ASI has become a partner in the energy transition in important markets such as Northern Europe. The company will continue to invest in expanding its production capacity to meet the growing market demand.

About Neoen

Neoen is a professional developer of renewable energy generation founded in France in 2008. With its expertise in solar, wind and energy storage technologies, it actively participates in the energy transition of power-generating countries. Currently, the power generation capacity in operation or under construction has reached 7.2 GW, and the power generation capacity has increased by about 6 times in the six years since its establishment. The company's business covers four continents, with large-scale solar power plants in France (Sesta, 300 MWp), large-scale wind farms in Finland (Mutkalampi, 404 MW), one of the most competitive solar power plants in the world (El Llano, Mexico, 375 MWp) and two of the world's largest energy storage power plants (Hornsdale Power Reserve, 150 MW / 193.5 MWh and Victoria Large Battery Energy Storage Facility, 300 MW / 450 MWh). The company aims to increase the power generation capacity of power generation facilities in operation or under construction to 10 GW by the end of 2025.