Pension firms invest millions in giant battery
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Battery prices have declined so dramatically that in some spaces it's starting to be an attractive investment that can boost renewable energy asset values, says Jon Johnsen, chief executive of Danish pension provider PKA, which alongside compatriot counterpart Pensam is investing DKK 400 million (EUR 53.8 million) in a battery so large that it could store more or less the same power volume as 13,000 Tesla cars.
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