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.
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.
Several parameters are influencing the development of energy storage activities in Finland, including increased VRES production capacities, prospects to import/export electricity, investment aid, legislation, the electricity and reserve markets and geographic circumstances.
Wind power generation is estimated to grow substantially in the future in Finland. Energy storage may provide the flexibility needed in the energy transition. Reserve markets are currently driving the demand for energy storage systems. Legislative changes have improved prospects for some energy storages.
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Summary: Helsinki is rapidly becoming a hub for cutting-edge energy storage solutions. This article explores the latest investment patterns, technological advancements, and regulatory developments
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