Stiesdal pauses storage project
Danish utility Andel invested DKK 75m in Stiesdal’s Storage company last year. However, before construction could begin in earnest, the pilot project in southern Denmark is suspended indefinitely, with the facility’s value also being impaired by DKK 90m.
BY VICTOR EMIL KRISTENSEN, TRANSLATED BY DANIEL FRANK CHRISTENSEN
Last year, Danish power company Andel and prominent inventor Henrik Stiesdal, sometimes called Mr. Windpower on account of his early involvement in modern wind energy, launched what at the time was presented as the next big green potential for the Scandinavian country.
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