Sustainable Energy Solutions Sweden Holding AB: SENS signs agreement with state owned mining company DIAMO in Czech Republic
[Sustainable Energy Solutions Sweden Holding AB - Stock and Shares News | IPO HUB]SENS has entered into a new agreement with the Czech mining company DIAMO to investigate the feasibility of constructing an underground pumped storage facility at the disused uranium site and mine in Rožná, Czech Republic. The parties have agreed that SENS will, over a period of 14 weeks, investigate the suitability of pumped storage for large-scale long-term energy storage.
SENS is project managing and responsible for the implementation of the feasibility study and will provide expertise and resources for executing the assignment. For SENS, the pilot study will serve as a reference object and generate valuable survey reports that can be used in future projects. The order value of the feasibility study is €8,000.
Henrik Boman, CEO of SENS, comments:
"We are delighted to have signed an agreement with DIAMO to explore together at an early stage how we can utilise the Rožná mine and enable an energy storage solution. For SENS, we will create added value in the form of survey reports that will generate useful data that we can use in similar projects in the future."