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“We are very enthusiastic about closing another deal for a battery park. This agreement represents a significant milestone for SENS, not only because it improves our financial position, but also because it strengthens our position in the market as a leading developer of large-scale energy storage projects.”
Henrik Boman, President and CEO
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The year in review – key events and the road ahead

In 2024, Sustainable Energy Solutions Sweden Holding AB (publ) (“SENS” or the “Company”) took significant steps in the right direction to develop sustainable energy solutions. With new initiatives, a growing project portfolio, and international expansion, the Company has further strengthened its role in the energy transition.SENS is leading the shift to fossil-free energy by combining renewable production, such as photovoltaic solar power (PV), with advanced storage technologies like Underground Pumped Hydro Storage (UPHS) and Battery Energy Storage Systems (BESS). SENS creates sustainable

SENS publishes interim report for the period January – September 2024

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") hereby publishes the interim report for the period January – September 2024. The full report is available in Swedish on SENS's website www.sens.se and as an attached file.2024-07-01 - 2024-09-30 (third quarter) · Net sales amounted to 0 kSEK (3 553). · Operating profit (EBIT) amounted to -8 965 kSEK (-1 499). · Operating profit/loss before depreciation and amortization (EBTIDA) amounted to -6 836 kSEK (530). · Earnings per share amounted to -0,05 SEK (-0.01). · Cash flow from operating activities

SENS acquires battery and underground pumped storage project in Finland

Sustainable Energy Solutions Sweden Holding AB (publ) (“SENS” or the “Company”) today announces that the Company has acquired 100% of two sub-projects within the energy storage project in Pyhäsalmi, Finland. The acquisition includes an 85 MW battery energy storage system (BESS) and a 75 MW underground pumped storage facility (UPHS), both located in Callio Business Park.In May 2024, SENS entered into a principal agreement with Callio Pyhäjärvi, a Finnish multidisciplinary development company, to provide the technical solutions to develop an energy storage solution at the Pyhäsalmi mine in

SENS appoints Elsa Björklund Jonsson as CFO

Sustainable Energy Solutions Sweden Holding AB (publ) ("SENS" or the "Company") announces today the appointment of Elsa Björklund Jonsson as Chief Financial Officer (CFO), starting in September, 2024. She will succeed the current interim CFO Jonatan Forsberg, who is finishing his interim assignment.Elsa Björklund Jonsson is a graduate from Södertörn University with over 20 years of experience in finance and controlling. During her career she held many senior finance positions specialising in solar/green tech, FMCG, wholesale and fundraising. Her most recent role was as Group CFO at

SENS publishes interim report for the period April – June 2024

Sustainable Energy Solutions Sweden Holding AB (”SENS” or the ”Company”) hereby publishes the interim report for the period April – June 2024. The full report is available in Swedish on SENS's website www.sens.se and as an attached file.2024-04-01 – 2024-06-30 (second quarter) · Net sales amounted to 15 925 kSEK (1,727). Adjusted net sales including results from shares in group companies amounted to 27,345 kSEK (6,176). · Operating profit (EBIT) amounted to 5,470 kSEK (-5,252). Adjusted EBIT including results from shares in group companies amounted to 16,890 kSEK (-804). ·

Callio project strengthened as Dovre Group Plc joins the consortium to engage in the 85 MW BESS solution

Sustainable Energy Solutions Sweden Holding AB (“SENS” or the “Company”) announces a reinforcement of its Callio project in Pyhäjärvi, Finland, as Dovre Group Plc joins the consortium to engage in one of three projects within the scope of the total project. Dovre Group Plc has decided to engage in the 85 MW Battery Energy Storage System (BESS) project through an acquisition of parts of the special purpose vehicle being set up specifically for the BESS.SENS is pleased to announce that it is expanding the project in Pyhäjärvi, which it is undertaking in co-operation with Callio, a Finnish

SENS signs Principal Agreement with Callio for Pyhäsalmi energy storage project

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") announces a principal agreement with Callio, a Finnish multidisciplinary development company, to initially develop an underground pumped hydro storage and battery energy storage system at the town of Pyhäjärvi, Finland. SENS also sees opportunities to expand the project with a solar plant that would further increase the grid capacity in the region.SENS is pleased to announce a principal agreement with Callio, a Finnish development company owned by the Pyhäjärvi Municipality. This strategic partnership aims to develop

SENS publishes interim report for the period January – March 2024

Sustainable Energy Solutions Sweden Holding AB (”SENS” or the ”Company”) hereby publishes the interim report for the period January – March 2024. The full report is available in Swedish on SENS's website www.sens.se and as an attached file.2024-01-01 – 2024-03-31 (first quarter) · Net sales amounted to 1,077 kSEK (292) · Operating profit (EBIT) amounted to -6,246 kSEK (-5,640), a decrease of 606 kSEK compared to the corresponding period last year. · Operating profit before depreciation and amortization (EBTIDA) amounted to -4,370 kSEK (-2,608), a decrease of 1,762 kSEK compared

SENS publishes annual report for 2023

Sustainable Energy Solutions Sweden Holding AB (publ) ("SENS" or the "Company") hereby publishes its annual report for the full year 2023. The annual report is available (in Swedish) via the attached file, as well as via the company's website www.sens.se .In the auditor's report for 2023, the auditor comments on the following: Material uncertainty regarding the going concern assumptionWithout qualifying my opinion above, I draw attention to the Directors' Report and the information under the heading Significant risks and uncertainties.

SENS expands further in Europe - signs LOI for underground pumped storage project in Spain

SENS expands further in Europe - signs LOI for underground pumped storage project in SpainSustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") announces today that the Company has taken another step in its international expansion with a new initiative to develop a potential underground pumped storage project in Spain. SENS has entered into a Letter of Intent ("LoI") with an energy operator who shares SENS's commitment to sustainability and innovation in the energy sector. Henrik Boman, CEO of SENS, comments:”By signing a letter of intent with this energy innovator,

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:”

SENS publishes year-end report for 2023 – a year of economic success and strategic progress

Sustainable Energy Solutions Sweden Holding AB (”SENS” or the ”Company”) hereby publishes the year-end report for 2023.2023-10-01 – 2023-12-31 (fourth quarter) · Net sales amounted to 6,398 kSEK (2,599). · Operating result before depreciation and amortization, EBITDA, was 1,873 kSEK (-2,317), an improved result by 4,190 kSEK compared to the previous period. · Cash flow from operating activities was 7,179 kSEK (-6,274), improved by 13,453 kSEK compared to the previous period. kSEK = thousand SEK The full report is available in Swedish on SENS's website

SENS secures additional lease agreement for new 40MW battery storage facility

Sustainable Energy Solutions Sweden Holding AB ("SENS" or "the Company") announces today that the Company has entered into a lease agreement with a landowner in Grästorp. The agreement enables the construction of a battery storage facility with a planned capacity of 40 MW.Henrik Boman, CEO of SENS, comments:”This lease agreement in Grästorp is a clear example of how our strategic work continues to bear fruit. We are in an exciting phase where each step we take is carefully considered to strengthen our position in the Swedish energy market. By collaborating with landowners who share our

The trinity of SENS: Paving the way for sustainable futures

SENS hereby presents its newsletter for February 2024, it shies a light on our latest progress and strategic initiatives. Please read more about our important projects and plans for the future in the text below. The Newsletter is also available as downloadable file attachedAt SENS, we are actively engaged in the global transition towards sustainable energy. Our focus is on developing and implementing key projects such as solar parks, battery storage, and energy storage in mines. These projects are essential for integrating renewable energy more efficiently into our daily lives and for the

SENS signs lease agreement for a new combined battery storage facility and solar park on Ingarö

Sustainable Energy Solutions Sweden Holding AB ("SENS" or "the Company") announces that the Company, together with Aeonic AB ("Aeonic"), has identified and signed a lease agreement for the construction of a solar park with battery storage located on Ingarö, Värmdö. The project is expected to achieve a total power capacity of 40 MW, spread over an area of 22 hectares.Henrik Boman, CEO of SENS, comments:”We are pleased to have identified our first project together with Aeonic. The JV collaboration enables us to increase the pace and continue to challenge larger players within the solar park

SENS strengthens management team with Anders Björkenbo as new CCO/COO

Sustainable Energy Solutions Sweden Holding AB ("SENS" or "the Company") announces today that the Company has hired Anders Björkenbo as the new CCO/COO of SENS. Anders will play a vital role in SENS's growth in large-scale sustainable energy storage and in the establishment of the Company's portfolio, where he will mainly be responsible for sales and business development.Anders Björkenbo, comments:”With great commitment, I take on the role of the new CCO/COO at SENS, where I will use my experience in sales and business development to help strengthen our position in the energy storage

SENS signs lease agreement for new 40 MW battery storage facility outside Eskilstuna

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the “Company") announces today that the Company has entered into a lease agreement with a landowner outside Eskilstuna. The agreement enables the construction of a battery storage facility with a planned capacity of 40 MW. SENS's project portfolio of solar and battery parks now amounts to 550 MW.In 2023, SENS expanded its market shares through strategic agreements and partnerships. With a project portfolio exceeding 550 MW in solar and battery parks, SENS emphasizes its growing significance and the confidence the market has in its

Implementation of stock option program in SENS

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the “Company") announces today that the stock option program decided by the annual general meeting on May 30, 2023, for a maximum of 30,000,000 stock options in SENS, has now been implemented. The stock options, which were directed to employees of the group, were acquired to 100 percent by key personnel within SENS, including the CEO.According to the terms of the stock options, subscription of shares will be possible from October 1, 2026, to November 1, 2026. The terms of the stock option program further stipulate that each stock

SENS enters letter of intent for solar power plant and battery storage in Karlskoga

Sustainable Energy Solutions Sweden Holding AB (“SENS” or the “Company”) has entered a letter of intent with the municipality of Karlskoga to explore the possibility of establishing a solar power plant of approximately 65-70 MW with battery storage equivalent to 70 MW on the property Karlskoga Högåsen 2:4. The parties will collaborate on a preliminary study and evaluation of the project's feasibility, focusing on technical, economic, and environmental aspects. The relevant land covers an area of approximately 80 hectares.In collaboration with Karlskoga municipality, SENS has entered a

SENS expands to Zimbabwe – establishes collaboration agreement with local actor to explore energy storage projects

Sustainable Energy Solutions Sweden Holding AB (”SENS” or the ”Company”) announces today its expansion to Zimbabwe by entering into a collaboration agreement with the local actor Nyembesi Corporate Services Africa (“Nyembesi”). Through this partnership, SENS aims to explore and evaluate potential energy projects in the Zimbabwean market.SENS, which has recently secured several key market shares and experienced increased demand for its energy solutions, is now expanding its international presence. This is done through a strategic partnership with Nyembesi in Zimbabwe, a market that has been

SENS will change its ticker on December 8, 2023

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") announces today that the Company plans to change its short name (ticker) from SUST to SENS on December 8, 2023.Henrik Boman, CEO of SENS, comments:"With this change, we want to make it easier for an increased number of investors, based on the interest in the Company's activities." SENS shares are admitted to trading on Nordic SME. Starting Friday, December 8, 2023, the share will be traded under the ticker SENS. The ISIN code is unchanged.

SENS deepens the collaboration with Spendrups - initiates new energy storage project in Hällefors

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") announces today that the Company is deepening its collaboration with Spendrups AB ("Spendrups"). This new initiative includes the development of an energy storage project at Spendrup's facility in Hällefors. The project includes a preliminary investigation into the possible installation of solar panels on the facility's roof as well as the possible establishment of a combined solar and battery facility in close proximity to the premises.SENS announces today that the Company is deepening its collaboration with Spendrups,

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