Energy storage deal for logistics operator
Cactos, a producer of energy storage systems, has signed a deal worth over 1 million euros with Finnish third-party logistics firm Logitri to install 20 Cactos One smart energy storage units at its logistics centre in Tuusula, Finland.
THE STORAGE system will provide 2.5 MWh of energy storage capacity, securing the electricity supply of Logitri's logistics centre. The units will also help to level out consumption peaks caused by charging its fleet of electric vehicles. Cactos’ scope of work includes the fabrication, installation, commissioning, operation, maintenance and financing of the smart energy storage system.
Cactos's smart energy storage systems will be used to release stored solar energy generated from Logitri’s 958kWp solar array, when electricity prices and consumption are at their highest.
Logitri co-founder and CEO Jarno Hanhinen, says: “In the evenings, when our vehicles are put on charge, it causes a large spike in our energy consumption. With the solar production and the Cactos system, we can ensure sufficient electricity supply and charge up to 100 warehouse Li-ion machines, including forklift trucks, at once without incurring high additional costs.”
Cactos will deliver two types of its electricity storage systems to Logitri – the 100 kWh Cactos One Classic unit made from recycled Tesla EV batteries and the new 130 kWh Cactos One Cardo unit. Cactos One Cardo units use first-life lithium iron phosphate battery modules that Cactos manufactures at its factory in Muhos, Finland.
Fuelled by its strong customer-led growth and €2.5M funding round in late 2022, Cactos doubled its factory size in early 2023, allowing for nearly a 10-fold increase in unit production.
