Söråker, Sweden — 12 March 2026. GreenGridLabs (GGL) Sweden AB has broken ground on a new infrastructure site in Söråker, a coastal municipality in Ångermanland, northern Sweden. The development marks the Riveon Group’s first expansion beyond Finland and establishes a second Nordic operating jurisdiction for the group’s compute and energy infrastructure platform.
The initial phase of the Söråker site centres on a 2 MWh standalone battery energy storage system (BESS), currently under construction. The target is grid connection in 2026, with the system designed to participate in Svenska Kraftnät’s frequency reserve markets from day one.
Site Selection and Grid Conditions
Söråker was selected for its favourable grid conditions within Swedish bidding zone SE2, where an abundance of hydropower and growing wind capacity create both a clean energy supply and significant frequency management requirements. Northern Sweden’s grid is characterised by surplus renewable generation that frequently exceeds local demand, creating precisely the kind of imbalance that BESS infrastructure is designed to address.
The site benefits from stable, cold-climate operating conditions that reduce cooling loads for both battery systems and potential future compute hardware. Average annual temperatures in Ångermanland allow for extended periods of free-air cooling, lowering the energy overhead associated with thermal management in warmer jurisdictions.
Ownership and Operational Structure
Riveon AG, headquartered in Zug, Switzerland, will own all hardware deployed at the Söråker site. GGL Sweden AB is the independent operating entity, registered and domiciled in Sweden, responsible for all local operations, regulatory compliance, and grid-operator relationships. The entity operates with its own Swedish staff and management.
This structure mirrors the model already proven at the Dalsbruk site in Finland, where GGL Finland Oy serves as the independent operator under the same ownership framework. Each GGL entity is a standalone company in its respective jurisdiction — operationally independent, locally accountable, and subject to the regulatory requirements of the country in which it operates.
GGL Sweden AB is a distinct legal entity with no corporate continuity to any previously active entities in Sweden. The company has been established specifically for the development and operation of the Söråker site and any subsequent Swedish infrastructure projects.
BESS Configuration
The 2 MWh BESS at Söråker is designed as a standalone energy-storage installation, engineered for Nordic grid conditions and the specific requirements of the Swedish reserve markets. The system will employ LFP chemistry consistent with the group’s standardised approach to battery storage, prioritising thermal stability, cycle life, and safety. Detailed equipment specifications will be confirmed as construction progresses.
Expansion Roadmap
The Söråker site is designed with expansion capacity beyond the initial 2 MWh BESS. Future phases may include additional storage capacity and compute infrastructure, contingent on grid-connection agreements, market conditions, and regulatory approvals. The modular site design allows capacity to be added incrementally without disrupting existing operations.
With Finland in full commercial operations and Sweden now under construction, the Riveon Group’s Nordic footprint is taking shape as a multi-jurisdiction infrastructure platform — each site independently operated, locally compliant, and connected through a shared ownership and governance framework headquartered in Switzerland.