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Polarium and Stella Futura in Strategic Partnership to Drive Battery Energy Storage Expansion in Northern Europe
16th January, 2025Polarium, a leader in energy storage solutions, and Stella Futura, a prominent actor in the Swedish Battery Energy Storage Systems (BESS) market, have formed a strategic partnership to accelerate the deployment of BESS in Northern Europe. The collaboration combines Polarium’s cutting-edge energy storage technology with Stella Futura’s expertise in project development, aiming to meet the growing demand for safe, efficient, and sustainable energy storage solutions.
Under this partnership, Polarium will supply its state-of-the-art modular battery energy storage systems and cloud-based energy optimization and VPP (Virtual Power Plant) solutions. Stella Futura will serve as the reseller and project developer, managing the implementation process, including system design, engineering, procurement, and construction (EPC) services. Furthermore, Stella Futura will also be able to offer Polarium systems with a leasing solution or battery as a service. Together, the companies plan to deliver robust solutions that address the region’s energy storage needs, promote grid stability, and support renewable energy integration. Targeted segments are commercial and industrial clients.
Northern Europe is experiencing a rapid transition towards renewable energy sources, increasing the need for reliable energy storage to ensure grid stability and security of supply. By joining forces, Polarium and Stella Futura aim to strengthen their positions in this expanding market, targeting 100 MW installed capacity within 18 months.
“At Polarium, strategic partnerships are at the core of our mission to unlock endless energy. Partnering with Stella Futura allows us to extend our innovative BESS technology to a growing market and contribute to the sustainable energy transformation,” said Peter Wasmuth, EVP Business Area C&I at Polarium. “Our safe, smart, and sustainable solutions are designed to empower businesses and communities in Northern Europe and beyond.”
Stella Futura’s CEO, Ulrika Tornerefelt, highlighted the significance of this partnership: “We prioritize working with suppliers and supply chains located in Europe, like Polarium. Their vertically integrated approach to energy storage and long track record delivering their systems to the Nordic market aligns perfectly with our goals for expansion in Northern Europe. This collaboration has the potential for further growth and innovation in meeting energy storage demands.”
The strengths of the two companies complement each other seamlessly. Polarium’s advanced modular battery technology is designed for scalability and adaptability, while Stella Futura’s extensive experience in system design, market understanding, integration competence and safety ensures reliable and efficient project execution. Together, the companies will deliver solutions that address critical challenges in the energy sector, from ensuring grid stability to enabling the electrification of industries and communities.