Energy Storage in Finland: Market Insights
Finland''s energy storage market is experiencing significant growth, with several utility-scale BESS installations coming online in recent years. The
Finland''s energy storage market is experiencing significant growth, with several utility-scale BESS installations coming online in recent years. The
The status of these energy storage technologies in Finland will be discussed in more detail in the next sub-sections, giving a better understanding of the current and potential
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In 2025, the electricity storage capacity charge will be €87.5/MW per month, i.e. half the capacity fee for a power plant. In addition, Fingrid is planning a reform of the
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However, the energy system is still producing electricity to the national grid and DH to the Lempäälä area, while the BESSs participate in Fingrid's market for balancing the grid . Like the energy storage market, legislation related to energy storage is still developing 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.
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.
There are hundreds of electricity storage projects underway in various parts of Finland. Individual electricity storage facilities can range in size from tens to hundreds of megawatts, with a power requirement equivalent to the electricity consumption of a medium-sized city.