Fu-Gen has successfully developed a large-scale Battery Energy Storage System (BESS) project with a capacity of 20 MWh in Härryda Municipality. The project has now been sold to Monsson, a leading European player in renewable energy and advanced energy storage solutions. Construction is scheduled to begin in autumn 2025. Monsson will take over ownership and operational responsibility of the facility, which will be connected to the local power grid in Härryda.
- We are proud to have taken this project from concept to investment-ready status. It feels reassuring to hand over the baton to Monsson, a company with deep expertise in BESS and a strong focus on education initiatives aimed at providing local industry with deeper insights into how energy storage can enhance both grid stability and profitability, says Seppo Tupeli, Country Manager Finland at Fu-Gen.
A Key Contribution to the Energy System
The project enables electricity to be stored during periods of low demand and delivered when demand is high. In this way, BESS helps ensure that grid capacity is available when needed. Large-scale local energy storage will enable Härryda Energi to:
A Project Aligned with Sustainability Goals
The project supports Härryda Municipality’s Sustainability Strategy for 2023–2035, which aims to create an ecologically, socially, and economically sustainable society. By adding flexible energy storage, the project contributes to a more resilient and climate-adapted energy infrastructure.
- BESS technology ensures that capacity is available when it’s needed—an essential factor for a resilient power grid and crucial for maintaining low and stable electricity prices for households and industry by reducing price volatility. This project is a tangible example of how local benefits can be created through collaboration and knowledge sharing within the energy system, says Seppo Tupeli, Country Manager Finland at Fu-Gen.
More info
Ljusdal, June 4, 2025
The take-over marks a significant step in Fu-Gen’s strategy to expand its portfolio of renewable energy assets in Sweden and strengthens the company’s role in the Nordic energy transition.
- Riberget is a clear example of how we at Fu-Gen want to contribute to the energy systems of the future – sustainable, robust, and beneficial for generations to come. This project strengthens our presence in Sweden and is an important milestone in our long-term vision", says Fredrik Ståhle, Head of Nordic Operations at Fu-Gen.
The wind farm was partly financed by the German bank NORD/LB through a project financing package. The project’s successful development and construction by OX2 was made possible through close collaboration with Ljusdal Municipality, landowners, and the local community. Fu-Gen will continue to strengthen these relationships, whilst also ensuring the project maximises its renewable energy production through its proactive approach to asset management and continued partnership with OX2, who will provide ongoing technical and commercial management services.
- We are proud to contribute with stable and renewable energy to a region with rapidly growing industrial needs. For us at Fu-Gen, it is about creating sustainable solutions that make a difference – both for the people living here and for the climate, says Sónia Liléo, Head of Asset Management at Fu-Gen.
In addition to its climate benefits, Riberget has placed particular focus on promoting biodiversity. By preserving valuable forest areas and creating habitats for endangered species, the project has integrated nature conservation into its design. Local associations have also been involved through dialogue on revenue sharing with the community and other socially beneficial initiatives.
The next step is the official inauguration of Riberget, which will take place on-site in Riberget in September 2025.
More information
• Read more about the Riberget wind farm on Fu-Gen’s website here.
• A report from the Central Swedish Chamber of Commerce (2023) shows that meeting the electricity demand of the industry in Dalarna and Gävleborg before 2030 could lead to investments of SEK 37 billion and approximately 960–1260 new jobs for the region. Read the report here.
• According to an analysis by Sweco (2021), electricity consumption in the region is expected to increase by approximately 50% by 2035 and 50–100% by 2045. Read the report here.
Contact
Sónia Liléo, Head of Asset Management, s.lileo@fu-gen.com
Fredrik Ståhle, Head of Nordic Operations, f.stahle@fu-gen.com
How do we decommission or upgrade wind turbines in a sustainable way? That’s the question Chantal, a master’s student in Wind Power Project Management at Uppsala University , is exploring during her time at Fu-Gen. Meet her and learn more about her work on Repowering, Optimisation and the Future of Renewable Energy.
The Future of Renewables – Beyond the New
Understanding the future of renewable energy isn’t just about building new infrastructure – it’s also about taking care of what we already have. This spring, we are happy to welcome Chantal to Fu-Gen, where she’s conducting her master’s thesis focusing on a topic that is often overlooked: Decommissioning and Repowering of onshore wind farms. In short – how we use our resources in a smart and sustainable way.
When Chantal isn’t deep into wind data, regulations, or long-term energy scenarios, you’ll likely find her outside in nature – preferably near the water, chatting with friends at a café, or walking with her family’s 14-year-old dog. Perhaps it’s this combination of structured engineering logic and a deep appreciation for the environment that makes her perspective so valuable in the green transition.
From Hamburg to Gotland – and a Growing Affection for Sweden
Chantal is originally from northern Germany, near Hamburg. After finishing school, she spent a year working and traveling in New Zealand before starting her Industrial Engineering studies in Rostock. In her final year, she studied at Umeå University as an exchange student – an experience that left a lasting impression.
– I absolutely loved my time in Sweden and knew I wanted to return, Chantal says. Later in my career, when I wanted to specialise in wind power, I found the one-year Wind Power Project Management programme at Uppsala University, Campus Gotland – it was a perfect match.
She describes the programme as unique: a chance to dive deep into wind power – from technology to legislation – alongside students from around the world.
How Can We Use Our Resources Sustainably?
At Fu-Gen, Chantal’s thesis explores what happens when a wind turbine reaches the end of its operational life. Many of the earliest wind farms in Sweden and across Europe are now approaching their end-of-lifetime, meaning important decisions must be made: should we decommission – or repower?
– These are still quite new questions in the sector. What does it cost to dismantle a turbine? What regulations must be followed? At the same time, there’s great potential in repowering – infrastructure is already in place, dialogue with the local community is established, and over 20 years of wind data is available.
Chantal is taking a theoretical approach in her work, using both academic and industry sources. The goal is to provide a clear and accessible overview that helps stakeholders make well-informed and sustainable decisions that serves the community in a good way.
Knowledge the Industry Needs – Now
As more wind turbines reach the end of their operational lifespan, there’s an increasing need for strategic thinking and decision support. Chantal’s thesis helps fill an important knowledge gap – covering economic, technical, and regulatory aspects of both decommissioning and repowering.
– It’s about making the most of the resources we already have, she explains. Giving decision-makers a solid foundation to make the right calls – and supporting a smarter, more sustainable energy transition.
What’s Next?
Once the thesis is complete, Chantal would like to stay in Sweden and keep on contributing to the transition away from fossil fuels. She’s looking for a role in Asset Management or within the Financial side of Project Development – where she can combine her technical and economic background with her passion for renewables.
We’re proud to support Chantal’s journey and look forward to sharing more of her insights along the way!
Fu-Gen AG and Nordic Electrofuel AS reach an agreement for Fu-Gen to acquire 100% of the onshore and offshore wind development company Nordic Wind AS, a subsidiary of Nordic Electrofuel.
Nordic Wind was established by Nordic Electrofuel in 2017 to support its own electro fuel production development activities, and to secure power supply for its future production. Nordic Wind AS has a portfolio of initiated onshore and offshore wind development prospects. The acquisition signifies Fu-Gen’s entry into the Norwegian renewables market.
Fu-Gen, through Nordic Wind AS, and Nordic Electrofuel will continue to work together to combine their respective development expertise and key stakeholder connections to pursue the development of these prospects through to becoming operational assets.
The acquisition agreement includes future commercial options for Nordic Electrofuel, as well as options for co-ownership in the wind farms.
The cooperation of Fu-Gen and Nordic Electrofuel will accelerate the production of electricity from wind as well as the production of renewable fuels with high value creation in Norway.
About Nordic Electrofuel: Founded in 2015 with long experience in renewable generation, Nordic Electrofuel is taking advantage of the perfect conditions in Norway, with its large capacities of renewable electricity and favourable industrial sites. Using this experience, Nordic Electrofuel shall develop, build and operate several e-fuels plants across Northern Europe. This e-fuels will be converted mainly to transportation fuels, with a clear priority for renewable Jet fuel known as e-kerosene or e-SAF, other renewable products will be diesel and gasoline in addition to waxes. NEF has developed proprietary technology for parts of this process which enables the company a clear cost advantage.
About Fu-Gen: Founded in 2017, Fu-Gen is an entrepreneurial independent power producer and renewable energy investor that is active across Northern Europe. From its offices in Stockholm and Zurich, Fu-Gen leverages over a century of expertise developing, financing, constructing, and optimising renewable energy assets and technologies to pursue its mission of empowering Future Generations with clean sustainable energy solutions. Backed by leading institutions and pension funds, Fu-Gen develops both greenfield renewable assets and invests in high-potential projects further along the value chain to deliver superior sustainable returns to its investors over the long-term.
With almost 20 years’ professional finance experience, including commercial finance, FP&A, financial control and audit, Anthony Harnett joins Fu-Gen as our new CFO, with David Timner moving to Head of Asset Management.
Anthony began his career working within a chartered accountancy firm, becoming ACA qualified in 2009. Since then, he has gained cross-sector financial experience working both within large corporate (Pepsico Inc.) and Big Four (KPMG) environments.
In 2018, Anthony became the Group Financial Controller of Bioenergy Infrastructure Group (BIG), a Private Equity backed investor, manager and operator of energy from waste power plants in the UK. During his time at BIG, Anthony held end-to-end responsibility for the financial function of the business, building a new team and associated systems and processes during the fast growth of the business. This included the integration of two operations and maintenance businesses as well as working with investors and lenders to support debt raise and refinancing initiatives for the Group.
“Fu-Gen is a fast-growing company, with an exciting combination of a varied development pipeline along with an established asset-base. Fu-Gen’s mission is more important than ever and I am excited to be joining at this point in its growth journey. I look forward to working with the team to deliver the next phase of the Group’s strategy.”
With a solution-focused and commercial approach coupled with strong financial control, Anthony will help Fu-Gen take the next step along its growth path as it looks to empower future generations.
An asset manager with 20 years’ professional experience across major construction and utility-scale renewable energy projects, Stuart Barlow joins Fu-Gen as Senior Asset Manager.
Stuart began his career in electrical engineering working in M&E management on major construction and infrastructure engineering projects. He has varied experience, working with DNOs, utilities, national utility frameworks, and infrastructure finance.
In 2013, Stuart became an Asset Manager at John Laing Group Plc, working with various teams and providing expertise beyond the numbers on complex infrastructure and renewable energy projects. He delivered new projects from financial close through construction and into operations, whilst also overseeing the operational and commercial management of project companies.
Stuart also worked for Bluefield Partners LLP as Commercial Director, he was responsible for energy SPVs from pre-construction through construction to hand over into operational asset management.
With a natural ability to foster positive and co-operative working relationships, Stuart will fit right into the Fu-Gen team, bringing his invaluable experience to empower future British generations.
With over 5 years of specialised experience in environmental management and permitting of wind farms, hydropower plants and electrical grid concessions, Ola Ylikiiskilä joins Fu-Gen as a Project Manager within our Development team.
With a Bachelor’s degree in biology and molecular biology, with an emphasis on the conservation of species and natural habitats, Ola has focused his career on environmental management and permitting within the renewable energy sector, both as a consultant and as a project developer.
Ola started his career at Pöyry (now AFRY), where he completed multiple permitting processes and applications for wind farms and grid concessions, including working on Environmental Impact Assessments, Authority Consultations, Biological Studies and Natura 2000 permits. Ola then transitioned to work for Vattenkraftens miljöfond AB, followed by Arise AB, where he worked as a Project Manager focused on the environmental permitting and management of hydropower plants and wind farms.
”Fu-Gen already has a strong, exciting development pipeline and when I met with some of the team I knew instantly that it was the perfect place for me to continue to build my career in environmental management and permitting of renewable energy assets.”
With the responsibility for managing the development of projects across different technologies, with a specific focus on environmental permitting activities, Ola becomes another important member of our growing Project Development team.
With over 10 years’ experience working on infrastructure projects in governmental and municipality authorities, specialising in project development and permitting, Jens Knutsson joins Fu-Gen as a Project Manager within our Development team.
With a Master’s degree in Urban and Regional Planning from Stockholm University, Jens has focused his career on infrastructure development within the public sector gaining experience across wind power, electrical transmission line and substations, public transport and urban development projects. During this time, Jens has worked on both sides of infrastructure permitting processes as an administrator and project developer.
For the majority of his career to date, Jens has worked as a Project Manager at Svenska kraftnät, the operator of the Swedish electricity transmission grid. His primary responsibilities were composed of the permitting and consultation of new high voltage power lines and substations as part of Svenska kraftnät’s continuous grid expansion activities. Since 2020, Jens took additional responsibility for the full-scope project delivery, successfully managing large-scale high voltage power line projects and thus bringing invaluable knowledge of the Swedish electricity system to Fu-Gen’s growing Project Development team.
“I am excited to join Fu-Gen as a Project Manager and bring my experience of permitting and consultation processes, the Swedish transmission system and working within governmental authorities to bring value and success to Fu-Gen’s project development activities. I was inspired by Fu-Gen’s strong values and I am curious to work within a smaller team with minimal hierarchy and bold ambitions to support the energy transition.”
With the responsibility for managing cross-technology renewable energy projects within our development portfolio, with a specific focus on land management activities, Jens will become a core member of our Project Development team and bring significant value to our portfolio growth aspirations.
An experienced investment and asset management director, with 20 years in the Infrastructure sector, of which over 10 years was in the UK renewable energy sector, Paul Barker joins Fu-Gen as the Country Manager for the UK.
Following early career experience in the British Army and Operations Management, Paul spent 10 years in the infrastructure sector, from real estate asset development and transactions, through to strategic and business management.
In 2013, Paul became the Transaction Director of Balfour Beatty Investments’ Renewable Energy Team, where he was responsible for the fund raising, deal origination, site selection, feasibility study, risk analysis and technology assessment and programme management of UK focused renewable energy projects. Following this, Paul joined Oxford Capital Partners as Investment Director, building his expertise in the development, construction, and operation of solar, battery storage and peaking power assets. It is this deep sector knowledge that will be invaluable as Fu-Gen enters the UK market.
”Having spent over a decade in the UK renewable energy sector, I am excited by the prospect of joining Fu-Gen’s action-oriented team as UK Country Manager, and taking responsibility for the creation of a strategically important renewables portfolio.”
For the last 2 years, Paul has worked as Portfolio Director at Downing LLP, with a focus on portfolio and people management, contracting strategy and asset optimisation.
With his extensive network, enthusiasm, and project-focused experience at the intersection of technology and finance, Paul will become an invaluable member of the Fu-Gen team helping to empower future British generations.
An electrical engineer by profession, with over 10 years of executive-level experience of regional grid operations across both Finland and Sweden, Seppo Tupeli joins Fu-Gen as the Country Manager for Finland, announcing our entry into the country.
Having started his career in the design of LV switchgear and secondary substations for Elkamo, Seppo spent over 10 years working in the industrial sector, experiencing life as a major consumer of electricity.
In 2008, Seppo transitioned to become the CEO of the Finnish regional grid company, Herrfors Nät. During his tenure, Seppo also held the positions of CEO of Härjedalens Miljöbränsle and Vice CEO of Härjeans Kraft, in Sweden. During these 10 years, Seppo gained vast experience in grid operations and the growing renewable energy industries in both countries, where he supported the connection of both wind and solar farms through the construction of several primary substations, as well as being selected as a Member of the Board of Finnish Energy. It is this experience that will be invaluable as Seppo joins Fu-Gen as Country Manager for Finland.
”I am happy to join the Fu-Gen team and overwhelmed by being appointed as Country Manager for Finland. Fu-Gen is a really interesting company with ambitious targets for future renewable generation.”
Seppo returned to his career roots in 2017 when he became the CEO of Alfen Elkamo. In addition to producing LV switchgear and secondary substations, it was during this time that he also participated in numerous electric vehicle (EV) charging and battery energy storage system (BESS) projects.
With his invaluable grid experience, as well as exposure to wind, BESS and solar projects across Sweden and Finland, Seppo’s primary responsibility will be to create a holistic portfolio of renewable energy projects to empower future Finnish generations.
”Due to the situation in the Nordics, the need for action in the renewable energy transition is urgent and I am happy to be part of Fu-Gen’s team making the change.”