Eolus sells US battery-storage project for $66.9 million, nearly SEK 600 million

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Eolus sells US battery-storage project for $66.9 million, nearly SEK 600 million
Photo: Johan Nilsson/TT

Energy company Eolus is selling a battery-storage project in the United States for $66.9 million, equivalent to nearly SEK 600 million.

The transaction is being completed in cash. The buyer is described as a “major independent American power producer,” according to a press release from Eolus.

The project, with a total capacity of 127 MW outside Boulder City, Nevada, is under construction and is expected to be operational in 2026.

Eolus's B share is listed on the Stockholm Stock Exchange and has fallen 21.9 percent since the start of the year.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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