Board Change • May 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Seven Joel Westerstrom was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 20
Sustainable Energy Solutions Sweden Holding AB (publ) Communicates an Updated Assessment of the Company's Project Portfolio in Sweden Sustainable Energy Solutions Sweden Holding AB (publ) communicated an updated assessment of the company's project portfolio in Sweden, which includes both energy storage and energy production projects. Several of SENS' projects have taken significant steps forward in development, with the Motala project having achieved ready-to-build status (RTB) while others continue to advance through the permit processes. During the recent period, SENS has continued to drive its Swedish projects forward with a focus on optimizing capacity and adapting them to future energy needs. The portfolio includes both energy storage projects in the form of BESS (battery storage) and energy production in the form of PV (solar power). During the end of 2023 and the beginning of 2024, SENS entered into several lease agreements in Sweden in strategically selected locations, identified as attractive project areas with proximity to available grid connection for the establishment of battery parks. Securing lease agreements is a critical first step in project development and through these agreements, SENS has established a solid foundation for its energy storage and production portfolio. The total capacity now amounts to 820 MW, of which 670 MW relates to BESS projects. By optimizing capacity and adapting projects to the growing market demand, SENS has strengthened its business opportunities and increased profitability potential. SENS is now conducting several ongoing dialogues with financial partners to secure final financing and enable a quick start of construction with the goal of generating stable revenue streams from the portfolio. The development process of battery storage projects: The development of a battery storage project takes place in several stages, where each phase is crucial to ensure an efficient and successful establishment. Initially, design and permit processes are carried out, which include technical and economic analyses, design of the project and connection requests to the electricity grid. At this stage, all necessary permits, such as grid connection agreements, environmental permits and regulatory approvals, are also secured in close cooperation with authorities and electricity network operators. Once the permit and project design are in place, the next phase, construction and installation, begins. During this period, the battery storage facility is constructed, and it is integrated with the electricity grid and, where applicable, with renewable energy sources to optimize storage capacity. Finally, testing and commissioning are carried out, where the system undergoes extensive testing to ensure reliability and performance. The plant is optimized, and operational staff are trained to enable stable and efficient operations. Potential value of the Swedish project portfolio: The value of the SENS battery storage portfolio may vary depending on several factors, such as capacity expansion, CAPEX and revenue forecasts. Based on current market assumptions about the frequency market, the total value of the battery portfolio is estimated to be between SEK 150 million - SEK 300 million based on an estimated valuation of SEK 190,000 - SEK 375,000/MW. This assessment considers the development phase of the projects and the remaining time until the start of operation. Announcement • Mar 12
Sustainable Energy Solutions Sweden Holding AB (publ) Receives Extended Funding Support of EUR 26.3 Million for the Energy Storage Project in Pyhasalmi Sustainable Energy Solutions Sweden Holding AB (publ) announced that the energy support of EUR 26.3 million previously granted by the Finnish Ministry of Economic Affairs and Employment has been extended. The support is intended to co-finance the SENS energy storage project in Pyhäsalmi, Finland. SENS runs some of its most extensive projects at the Pyhäsalmi mine in Finland. Here, an innovative energy storage initiative is being created that combines BESS (battery storage), UPHS (underground pumped storage power) and PV (solar power). The aim is to gather a strong and sustainable energy cluster that contributes to a more stable and climate-smart energy supply for this part of Finland's hinterland. As part of the project, SENS owns, in whole or in part, the various sub-projects, which gives the company strategic control over the development at the site. 
