Sustainability initiatives in 2023

Over the year, we have initiated a series of sustainability-related projects, demonstrating our commitment to sustainability as part of our overall business strategy. Here is a look at some of the sustainability projects we’ve been involved in during 2023, in line with our ambition to power the great shift towards a sustainable future.

Stockholm Climate Week, 18-22 April 2023

Leading the charge: establishing a Baltic energy hub

At Stockholm Climate Week in April, OX2's Chief Commercial Officer, Peter Tornberg, outlined our vision to secure the Baltic Sea as the region's green energy hub.

Highlighting the significance of OX2's role in renewable energy development, Tornberg under­­­­­­­­­scored the importance of creating a sustainable, interconnected network of renewable energy projects across the Baltic.

Speaking to the urgency of the energy transition, Jens Wenzel Kristoffersen, Commander of the Royal Danish Navy, emphasised the need for swift action and cross-governmental collaboration, citing recent geopolitical events as a catalyst for change.

Protecting Baltic biodiversity: a holistic approach

Lotta Nummelin, Permit Manager for OX2, shed light on our holistic approach to biodiversity during the dedicated session at Stockholm Climate Week. The approach focuses on the need to balance energy production with the protection of diverse ecosystem. It follows the mitigation hierarchy, which secures a comprehensive consideration of impacts on biodiversity.

Utilizing insights from biologists and scientific data, our approach aims to maximize the effectiveness of the energy hub while fostering the thriving of native plant and animal species in the Baltic region. This is a mentality that extends to all of our sustainability work, in all our markets.

Working on projects like these forces us to think outside the box when it comes to working with nature to build our wind farms, onshore and off, in a sustainable way.

Rewatch the Stockholm Climate Week broadcast here

An electricity system with more battery storage is cheaper and cleaner

According to an analysis by think-tank Ember Germany could, in one month, have avoided 36 GWh of expensive fossil power and €2.5mn in fuel costs with only 2 GW of additional battery capacity.

At OX2 we are developing energy storage, both standalone and co-located with onshore wind and solar power across our markets.

Finally, we have the technology we need to build the flexible, clean, cost-efficient and reliable electricity system of the future. Let’s get to work.

Bredhälla: OX2’s First Battery Storage Project in Sweden

Bredhälla in Sweden, our first battery energy storage system (BESS), has a total capacity of 42.5 MW / 42.5 MWh spread across 20 containers. It was sold to Flower, a Swedish company active in energy technology and storage solutions, in June 2024.