HP & WEESSBESS Project
Indicative proposal for ownership and revenue distribution in a joint battery energy storage project (BESS).
About Hydropower
Hydropower AS develops and operates solar power, battery storage and EV charging infrastructure in Norway. The company built Norway's largest and first ground-mounted solar park at Vikersund (9.8 MW), and was the first to independently qualify a solar asset for FCR-N in the Nordics.
A 1 MW/2 MWh battery was recently installed alongside the first phase to further optimize the solar park and build knowledge for upcoming large-scale BESS projects. With a proprietary control platform for real-time control of all inverters - solar and battery - Hydropower participates in both national reserve markets and local flexibility markets.
Founded by Ove Helgesen after 40+ years in the construction industry. Sander Helgesen leads technology, control systems and market optimization. Nerijus Mikalajunas manages logistics, electrical engineering and construction.
Proposed BESS collaboration with WEESS
Hydropower is exploring the possibility of co-locating a Battery Energy Storage System (BESS) with its existing solar park, organized through a joint Special Purpose Vehicle (SPV). WEESS has expressed interest in the project.
Hydropower can offer
- High-voltage infrastructure with dedicated 10 MW output (30–50 yr)
- Land and prepared site for BESS placement
- Co-location with 10 MWP solar park - enables grid-fee-free BESS charging
- Experience navigating permitting, grid connection and regulatory requirements in Norway
WEESS could potentially offer
- Capital investment in battery system
- BESS technology and expertise
- Details subject to further discussion
Illustrative SPV structure
One possible model is a joint SPV that distributes revenue based on an agreed ownership structure. In an early phase, one partner could receive a higher share of revenue for faster payback of the capital investment, before distribution normalizes to ownership shares. All terms are subject to negotiation.