Sustainable Energy Solutions Sweden Holding (SENS)

and

Dovre Group

have agreed to sell the

Pyhäsalmi battery energy storage project

in

Finland

to

Prime Capital AG

. The transaction is expected to close in

Q1 2026

, subject to

conditions precedent

, with final pricing to be confirmed by

April 2026

.

The key insight is clear. Capital is paying for

execution certainty

, not development optionality. The

Pyhäsalmi

asset is fully

ready-to-build

, and

Dovre

entered the project in

June 2024

with a defined exit objective once development risk was removed. That objective has now been met.

Dovre’s reported EUR 2.1 million

share of proceeds at closing, alongside a potential

earn-out

linked to production by

1 July 2027

, reflects disciplined

risk transfer

. Early-stage exposure was monetized, while late-stage delivery risk now sits with a fund structured to own and operate

merchant storage

.

The project’s configuration reinforces this positioning. At

85 MW / 170 MWh

, the asset is sized for

frequency regulation

and

arbitrage

in

Finland

, not long-term contracted capacity. Its location adjacent to the

closed Pyhäsalmi mine

and inclusion in a broader

energy cluster

further reduces site and permitting uncertainty.

This deal signals continued investor preference for

Nordic storage assets

that have cleared

permitting, grid access, and design hurdles

. Development-stage batteries remain difficult to exit.

Fully executable projects

are not.

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