• The SIMO project, developed in Finland together with AmpTank Energy, will feature a battery energy storage system (BESS) with a capacity of 100MW/200MWh.
  • The Project is divided into 2 phases that share a single interconnection point. Phase 1 (30MW/60MWh) is under commissioning and already operational in the wholesale market, and phase 2 (70MW/140MWh) is under construction with commissioning scheduled for August 2026.
  • The financial structure of the project includes a term loan with Kommunalkredit Austria AG acting as sole arranger and lender.
  • SIMO will be one of the largest BESS projects in Finland after completion.

Fotowatio Renewable Ventures (FRV), a leading company in the development of sustainable energy solutions and part of Jameel Energy, is advancing its battery energy storage (BESS) strategy in Finland with the announcement of the SIMO 100MW/200MWh 2 hour BESS project. Developed in partnership with AmpTank Energy, SIMO represents a decisive step in FRV’s strategy to consolidate its leadership in the global energy storage sector.

Phase 2 of SIMO is a continuation of the pioneer BESS project: Phase 1, a 30MW/60MWh project in the near Fingrid’s Simojoki substation in Lapland, located at the top of the Baltic Sea, just over 100 kilometers below the Arctic Circle.

With SIMO, FRV continues to strengthen its energy storage platform, increasing the capacity of its BESS portfolio in operation and development. The project will enhance the flexibility of Finland’s electricity grid, support greater penetration of renewable energy sources, and drive the decarbonization of the country’s energy mix.

SIMO will use 24 Sungrow PowerTitan battery arrays in phase 1 plus 34 Huawei Luna battery containers in phase 2 delivering 200 MWh of capacity, making it one of the largest projects in the country. The project covers a 1.2-hectare area and is key to stabilizing Finland’s growing renewable energy grid.

The financing of the project has been structured through a term loan provided by Kommunalkredit Austria AG, which has acted as sole arranger and lender.

“This project represents a key milestone in consolidating our energy storage strategy. SIMO will help reinforce grid stability and enable greater integration of renewable energy in a key European market such as Finland,” said David Menéndez, Managing Director of FRV Energy Storage.

Tom Guilfoyle, Managing Director of FRV UK, added:

“Collaboration with Kommunalkredit, and the commitment of other stakeholders and partners throughout the development of SIMO has been decisive in bringing this project forward. SIMO strengthens our position as a reference player in storage, particularly in the Nordics, and reflects FRV’s commitment to a more sustainable energy future.”

 

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