The Energy Market Regulatory Authority (EMRA) approved a 35-gigawatt-hour (GWh) capacity allocation for grid-scale storage projects, with an estimated investment of $10 billion. Timeline: Energy storage investments will gain speed by the first quarter of 2025, with systems operational by early 2026. [pdf]
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Electrochemical energy storage systems (EESS) can be classified into three categories: Batteries, electrochemical capacitors and fuel cells. Battery Energy Storage (BESS) is similar to the miniature accumulators in the devices we use every day: they turn a chemical reaction into electrical. .
Thermal energy storage (TES) has been described as a “game-changing technology.” It’s based on the idea of storing heat. .
Mechanical energy storage systems take advantage of kinetic or gravitational forces. Examples include Flywheel Energy Storage Systems. .
Lithium-ion is the most common type of electrical and electromagnetic battery. In 2016 these batteries accounted for 83% of energy storage capacity. They are highly efficient, although there are concerns about their impact on. .
Chemical storage refers mainly to hydrogen, which can be produced from renewable energy, but also from nuclear power, and fossil. [pdf]
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The one-fits-all solution covers core equipment such as Smart Energy Controller, Smart Module Controller, Smart String Energy Storage System, Smart Charger, EMMA (Energy Management Assistant), SmartGuard, and Smart PVMS etc, aiming at realizing users' dreams of zero-carbon households. [pdf]
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In Finland, solar power is becoming increasingly significant in the energy landscape. In 2024, 95% of Finland's electricity production came from fossil-free sources, including solar, wind, and nuclear power2. Notably, a 100 MW solar power purchase agreement was signed between Swedish developer Alight and Autoliv, marking Finland's largest solar power agreement to date4. Additionally, Finland's solar power generation capacity is expected to reach 7 GW by 2030, indicating a strong growth trajectory for solar energy in the country5. [pdf]
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Finland has set one of the most ambitious climate targets in the world, a legal obligation to reach carbon neutrality by 2035. It has made notable progress towards this target, deploying the first new nuclear reactor in Europe in over 15 years and strongly expanding wind generation. [pdf]
SEB Nordic Energy’s portfolio company, Locus Energy collaborates with Ingrid Capacity to build the largest battery energy storage project in Finland, contributing 70 MW/140 MWh battery power to Locus Energy’s existing Finnish portfolio already consisting of solar-, wind- and hydro power. [pdf]
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The Energy Storage is an international networking event for energy experts, focusing on energy storage and sustainable battery value chain. The Energy Storage will be held for the fifth time in 2026. The event is held in the growing Nordic energy cluster. [pdf]
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The EU funded ARMS-project aims to enhance the energy density of supercapacitors, devices used for energy storage, without sacrificing their eco-friendliness. The project strives to unlock a new era of energy storage that is powerful, sustainable, and economically viable. [pdf]
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The first commercial sand-based thermal energy storage system in the world has started operating in Finland, developed by Polar Night Energy. Polar Night Energy’s system, based on its patented technology, has gone online on the site of a power plant operated by utility Vatajankoski. [pdf]
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This report provides an initial insight into various energy storage technologies, continuing with an in-depth techno-economic analysis of the most suitable technologies for Finnish conditions, namely solid mass energy storage and power-to-hydrogen, with its derivative technologies. [pdf]
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