Technical FAQs 4

What is the future of energy storage in Finland?

Reserve markets are currently driving the demand for energy storage systems. Legislative changes have improved prospects for some energy storages. Mainly battery storage and thermal energy storages have been deployed so far. The share of renewable energy sources is growing rapidly in Finland.

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 much funding does business Finland get for lithium ion batteries?

The research organizations have received a total funding of about 1.2 MEUR from Business Finland for three years (2021–2024). The project is a part of Business Finland's Smart Mobility and Batteries from Finland program. Our promising results can be found in this file Testing Lithium ion batteries at Aalto University.

Is energy storage legal in Finland?

Like the energy storage market, legislation related to energy storage is still developing in Finland. The two are intertwined as who is allowed to own and operate energy storages will define the business models of the storages. A major barrier to the implementation of ESS was removed when the issue of double taxation was solved.

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