Does Finland have energy storage?

This paper has provided a comprehensive review of the current status and developments of energy storage in Finland, and this information could prove useful in future modeling studies of the Finnish energy system that incorporate energy storages.

Is energy storage a viable solution for the Finnish energy system?

This development forebodes a significant transition in the Finnish energy system, requiring new flexibility mechanisms to cope with this large share of generation from variable renewable energy sources. Energy storage is one solution that can provide this flexibility and is therefore expected to grow.

Which energy storage technologies are being commissioned in Finland?

Currently, utility-scale energy storage technologies that have been commissioned in Finland are limited to BESS (lithium-ion batteries) and TES, mainly TTES and Cavern Thermal Energy Storages (CTES) connected to DH systems.

How will a hydrogen tax credit benefit Finnish producers & energy storage?

The tax credit for producers and energy storage is likely to benefit Finnish producers of green hydrogen derivatives for use as a fuel, for example, ammonia, methanol, e-methane and synthetic aviation fuels — as well as companies making biofuels, which requires additional H 2 during manufacturing.

Does Finland have a battery supply chain?

Finland is also remarkably active in the entire battery supply chain, from mining and processing raw materials to manufacturing batteries and charging technologies. Moreover, the Finnish Government is preparing a new law to regulate offshore wind power in Finland's exclusive economic zone (EEZ).

How much electricity does Finland import in 2022?

In 2022, the amount of net imports was 12.5 TWh, and during 2001–2022, it varied between a minimum level of 4.9 TWh and a peak of 20.4 TWh, which can be considered as a supply security issue when Finland relies heavily on neighboring countries. Electricity imports used to come mainly from Sweden and Russia.