SENS applies for further extension of Finnish state aid to continue the UPHS project in Pyhäsalmi
4 juni, 10:00
4 juni, 10:00
SENS applies for further extension of Finnish state aid to continue the UPHS project in Pyhäsalmi
Sustainable Energy Solutions AB ("SENS") has signed a letter of intent with a European energy company to further explore the possibilities of further developing the UPHS project in Pyhäsalmi, Finland. Therefore, SENS has today requested an extension of the State aid decision previously announced by the Finnish Government.
The UPHS project in Pyhäsalmi
The UPHS (Underground Pumped Hydro Storage) project in Pyhäsalmi aims to create an environmentally friendly energy storage system by utilising the unique geological conditions of Pyhäsalmi, located in the central hinterland of Finland. The project is expected to play an important role in strengthening energy security and supporting Finland's transition to a more sustainable energy system. In order to investigate the conditions for using the UPHS facility in a different way than previously assumed, it has become necessary to investigate the conditions for being able to handle increased water volumes, including through further geological surveys. Therefore, SENS has today applied for an extension of the previously granted state aid.
About SENS
Sustainable Energy Solutions Sweden Holding AB (publ), SENS, provides solutions that enable the transition towards a fossil-free and CO2 neutral energy supply both locally and internationally. SENS develops, builds and sells large-scale projects in solar and wind power and energy storage. The company also conducts consulting activities for energy companies and property owners in sustainable energy systems. The company is also active in technology development linked to renewable energy sources and energy storage. The company is listed on NGM Nordic SME under the ticker SENS.
For further information, please contact:
Henrik Boman, CEO; Phone: +46 70-224 63 61
The information was submitted for publication, through the agency of the contact person set out above, at 10.00 a.m. on June 04, 2025.
4 juni, 10:00
SENS applies for further extension of Finnish state aid to continue the UPHS project in Pyhäsalmi
Sustainable Energy Solutions AB ("SENS") has signed a letter of intent with a European energy company to further explore the possibilities of further developing the UPHS project in Pyhäsalmi, Finland. Therefore, SENS has today requested an extension of the State aid decision previously announced by the Finnish Government.
The UPHS project in Pyhäsalmi
The UPHS (Underground Pumped Hydro Storage) project in Pyhäsalmi aims to create an environmentally friendly energy storage system by utilising the unique geological conditions of Pyhäsalmi, located in the central hinterland of Finland. The project is expected to play an important role in strengthening energy security and supporting Finland's transition to a more sustainable energy system. In order to investigate the conditions for using the UPHS facility in a different way than previously assumed, it has become necessary to investigate the conditions for being able to handle increased water volumes, including through further geological surveys. Therefore, SENS has today applied for an extension of the previously granted state aid.
About SENS
Sustainable Energy Solutions Sweden Holding AB (publ), SENS, provides solutions that enable the transition towards a fossil-free and CO2 neutral energy supply both locally and internationally. SENS develops, builds and sells large-scale projects in solar and wind power and energy storage. The company also conducts consulting activities for energy companies and property owners in sustainable energy systems. The company is also active in technology development linked to renewable energy sources and energy storage. The company is listed on NGM Nordic SME under the ticker SENS.
For further information, please contact:
Henrik Boman, CEO; Phone: +46 70-224 63 61
The information was submitted for publication, through the agency of the contact person set out above, at 10.00 a.m. on June 04, 2025.
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