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.

Henrik Stiesdal has had a long career in renewables, having worked for both Vestas and Siemens Wind Power before founding his company, Stiesdal A/S with four subsidiaries with distinct profiles within green technology. | Photo: Casper Dalhoff/ERH

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.

The undertaking, thermal energy storage comprised of small rocks and going by the name of GridScale, was meant to be installed on the southern Danish island of Lolland at some point in 2022. The facility was designed to solve a core problem of renewables: storing energy when sunlight and wind are absent.

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