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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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SENS completes the sale of the part-owned BESS project in Pyhäsalmi, Finland

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") today achieves an important milestone with the completion of the sale of the 85 MW BESS project in Pyhäsalmi. All conditions for the transaction have been fulfilled and Prime Capital AG, a Frankfurt-based infrastructure investor, has today acquired the shares in the project company (SPV). The total purchase price is approximately EUR 5.5 million. In addition to the initial purchase price, there is a profit sharing during the period up to and including July 2027, which is dependent on the project being completed before

SENS signs agreement regarding sales of 85 MW BESS project in Pyhäsalmi, Finland

Sustainable Energy Solutions Sweden Holding AB ("SENS") announces that SENS, together with its Finnish partner, Dovre Group Oyj,  has signed a share purchase agreement regarding the sale of the 85 MW / 170 MWh battery energy storage system (BESS) project in Pyhäsalmi, Finland. The buyer is a Frankfurt-based infrastructure investor. Through the deal, the investor acquires 100% of the shares in the project company (SPV). Closing will take place during Q1 2026 subject to the fullfilment of certain conditions precedent.“This transaction is a clear validation of our long-term development efforts

Sustainable Energy Solutions Sweden Holding AB plans to carry out a rights issue of approximately SEK 70.5 million

THIS PRESS RELEASE MAY NOT BE ANNOUNCED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH THE ANNOUNCEMENT, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL. SEE "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE. The Board of Directors of Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") has today made a strategic decision to carry out a new issue of shares with

SENS publishes interim report for the period January – September 2025

Sustainable Energy Solutions Sweden Holding AB ("SENS") hereby publishes the interim report for the period January – September 2025. The full report is available in Swedish on SENS's website www.sens.se and as an attached file.  2025-07-01 - 2025-09-30 (third quarter) · Net sales amounted to 0 kSEK (0). · Operating profit (EBIT) amounted to -6,241 kSEK (-8,965). · Operating profit/loss before depreciation and amortization (EBTIDA) amounted to -2,362 kSEK (6,836). · Earnings per share amounted to -0.04 SEK (-0.05). · Cash flow from operating activities amounted to -1,

SENS granted extension of EUR 26.3 million in state aid for the UPHS project in Pyhäsalmi

Sustainable Energy Solutions Sweden Holding AB ("SENS") today announces that the Finnish government has approved SENS' request for an extension of the previously granted state aid of EUR 26.3 million for the UPHS project in Pyhäsalmi, Finland. The extension was granted in light of the fact that a leading European energy company has now formally shown interest in participating in the project's continued development."The Pyhäsalmi project is a priority initiative for SENS, and the extension of the state support means that we can now move forward with the work required to drive the project

SENS publishes half-year report for the period January – June 2025

Sustainable Energy Solutions Sweden Holding AB ("SENS") hereby publishes the half-year report for the period January – June 2025. The full report is available in Swedish on SENS's website www.sens.se and as an attached file.2025-04-01 - 2025-06-30 (second quarter) · Net sales amounted to 39 kSEK (15,925). · Operating profit (EBIT) amounted to -1.851 kSEK (-5,470). · Operating profit/loss before depreciation and amortization (EBTIDA) amounted to 2,168 kSEK (7,643). · Earnings per share amounted to -0.01 SEK (-0.06). · Cash flow from operating activities amounted to -534 kSEK

SENS applies for further extension of Finnish state aid to continue the UPHS project in Pyhäsalmi

Sustainable Energy Solutions AB ("SENS") has signed a letter of intent with a European energy company to further explore the possibilities of further developing the UPHS project in Pyhäsalmi, Finland. Therefore, SENS has today requested an extension of the State aid decision previously announced by the Finnish Government.The UPHS project in Pyhäsalmi The UPHS (Underground Pumped Hydro Storage) project in Pyhäsalmi aims to create an environmentally friendly energy storage system by utilising the unique geological conditions of Pyhäsalmi, located in the central hinterland of Finland. The

SENS publishes interim report for the period January – March 2025

Sustainable Energy Solutions Sweden Holding AB ("SENS") hereby publishes the interim report for the period January – March 2025. The full report is available in Swedish on SENS's website www.sens.se and as an attached file (in Swedish)2025-01-01 - 2025-03-31 (first quarter) · Net sales amounted to 374 kSEK (1,077). · Operating profit (EBIT) amounted to -6,068 kSEK (-6,246). · Operating profit/loss before depreciation and amortization (EBTIDA) amounted to -3,987 kSEK (-4,370). · Earnings per share amounted to -0.04 SEK (-0.04). · Cash flow from operating activities amounted

SENS, Vimab, and Mine Storage form joint venture to advance UPHS project in Pyhäsalmi

Sustainable Energy Solutions AB (“SENS”), Vimab Group AB, and Mine Storage International AB, have announced the formation of a joint venture aimed at further developing the innovative UPHS project in Pyhäsalmi, Finland. This collaboration combines the unique expertise of each company to enhance sustainable energy solutions in the region.Joint venture launchThe joint venture harnesses the strengths of three leaders in sustainable energy, storage, and infrastructure. SENS brings its comprehensive knowledge of renewable energy technologies, while Mine Storage contributes its industry

SENS publishes annual report for 2024

Sustainable Energy Solutions Sweden Holding AB (publ) (“SENS”) hereby publishes its annual report for the full year 2024. The annual report is available via the attached file, and via the company's website https://www.sens.se/en/17/34/financial-reports/In the auditor's report for 2024, the auditor comments on the following: Material uncertainty regarding the assumption of continued operationsMaterial 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

SENS updates the market – progress in the Swedish project portfolio

Sustainable Energy Solutions Sweden Holding AB (publ) today communicates an updated assessment of the company's project portfolio in Sweden, which includes both energy storage and energy production projects. Several of SENS' projects have taken significant steps forward in development, with the Motala project having achieved ready-to-build status (RTB) while others continue to advance through the permit processes."We have systematically worked to bring our projects closer to completion, and we are now seeing clear results. With a project ready for construction to start, we can begin the

SENS receives extended funding support of EUR 26.3 million for the energy storage project in Pyhäsalmi

Sustainable Energy Solutions Sweden Holding AB (publ) ("SENS") today announces that the energy support of EUR 26.3 million previously granted by the Finnish Ministry of Economic Affairs and Employment has been extended. The support is intended to co-finance the SENS energy storage project in Pyhäsalmi, Finland."The extended energy support is a crucial security for the implementation of the project. This secures part of the funding and enables us to continue with full force the work of finalising the total funding. With the new conditions, we can drive the project forward with greater

SENS doubles capacity of Finnish battery project to 170 MW

Sustainable Energy Solutions Sweden Holding AB, ("SENS") today announces that the capacity of the Battery Energy Storage Project (BESS) in Pyhäsalmi, Finland, has doubled from 85 MW to 170 MW. This makes the project even more attractive to potential investors and contributes to the further development of a fossil-free and CO2-neutral energy supply in the Nordic region.“By doubling the capacity of our battery storage project in Pyhäsalmi, we have successfully strengthened the project, which is an important development for both SENS and our partners. The increased capacity strengthens the

SENS publishes year-end report for the period January – December 2024

Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") hereby publishes the year-end report for the period January – December 2024. The full report is available in Swedish on SENS's website www.sens.se and as an attached file.2024-10-01 - 2024-12-31 (fourth quarter) · Net sales amounted to 3 150 kSEK (6 398). · Operating profit (EBIT) amounted to -7 795 kSEK (-183), a decreased result of kSEK 7 612 compared to the previous period last year. · Operating profit/loss before depreciation and amortization (EBTIDA) amounted to -5 703 kSEK (1 733), a decreased result

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.

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