SENS starts new pumped storage project - secures lease agreement in Vingesbackegruvan
Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") announces today that the Company has identified a potential new pumped storage project by securing a lease agreement in Vingesbackegruvan. With this agreement, SENS marks the start of a new project in one of its core business areas, offering underground pumped storage power plants as a solution for large-scale long-term energy storage. The agreement forms the basis for now starting the process of investigating the conditions for establishing pumped storage in the abandoned mine.Henrik Boman, CEO of SENS, comments:”