Is there a solution to the fluctuating electricity price? – OX2 builds energy storages in connection with wind farms

Renewable energy company OX2 build energy storages in connection with the Kannisto wind farms located in Halsua and the Korkemaa wind farms located in Soini. The total capacity of the energy storages is 470 MWh and the total power is 235 MW.

OX2 informs about it in the press release. According to the company, energy storages enable better coordination of electricity production and consumption and support the stability of the electricity system.

Construction work on the energy storage will begin immediately. According to the release, the warehouses will be introduced in 2028.

“Investing in energy storage is a natural step as we develop our production portfolio based on renewable energy. By stabilizing the electricity system and the electricity market, the electricity storage in Kannisto and Korkeamaa also supports the increase of weather-dependent production on a wider scale,” says OX2 Finland’s country manager Brother Pekka Alkula.

Energy storages are supposed to collect electricity when it is cheap and can be released in more expensive hours. The purpose is to stabilize the fluctuation of electricity prices.