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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
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These projects are anticipated to come online by 2025 or 2026, meaning that within the next two years, Finland''s operational BESS capacity is projected to more than double.
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A review of the current status of energy storage in Finland and future development prospects This is an electronic reprint of the original article. This reprint may differ from the original in
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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.
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.
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.
Business Finland may grant Energy Aid to projects with investment costs of at least EUR 10,000 (energy efficiency investments) or EUR 30,000 (other energy investments, such as renewable energy or utilizing waste heat as district heat). There is no upper limit for the size of the project.
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.
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.