''A very Finnish thing'': Big sand battery to store wind and solar energy
A huge sand battery is set to slash the carbon emissions of a Finnish town. The industrial-scale storage unit in Pornainen, southern Finland, will be the world''s biggest sand
Cactos Fleet Finland
The EUR 5 million investment in the fund by the Finnish Climate Fund will be used to accelerate the deployment of energy storage systems in Finland, supporting the electrification of society and the development of infrastructure
Finnish startup Cactos raises over €26M to increase its battery energy
HELSINKI, Finland (January 11th, 2023) Cactos, a developer of smart energy storage systems, has raised over €26M worth of equity investments in its Cactos Fleet Finland Limited
Andrew Draper on LinkedIn: Finnish start-up Cactos raises over
Finnish energy storage start-up Cactos raised over €26 million ($28 million) in equity investment to finance the growth of its battery energy storage system (ESS) portfolio – to more than
Executive summary – Finland 2023 – Analysis
Energy efficiency is a pillar of Finland''s strategy to achieve carbon neutrality by 2035, lower energy bills, protect vulnerable consumers and boost energy security. As industry accounts for more than half of energy demand, energy efficiency
Energy Storage Awards, 21 November 2024, Hilton London
Wärtsilä GridSolv Quantum battery storage, launched by the company in 2020. Image: Wärtsilä. Wärtsilä has given details of the energy storage system it will supply to utility
Merus Power and Ardian discuss 40MWh Finland
BESS pricing moves . The deal for a 38MW/40MWh system to be deployed in Lappeenranta was announced in early February, with the project owned by a joint venture between Ardian and utility Lappeenrannan Energia..
The Finnish Climate Fund: EUR 5 million investment
The Finnish Climate Fund has decided on a EUR 5 million investment into the Cactos Fleet Finland infrastructure fund to speed up the deployment of smart energy storage systems. The fund''s investments are
Finnish startup Cactos raises over €26 million to double down on
Muhos-based Cactos, a developer of smart energy storage systems, has raised over €26 million worth of equity investments in its Cactos Fleet Finland Limited Partnership to
A review of the current status of energy storage in Finland and
This study reviews the status and prospects for energy storage activities in Finland. The adequacy of the reserve market products and balancing capacity in the Finnish energy system are also
Project Financing and Energy Storage: Risks and
The United States and global energy storage markets have experienced rapid growth that is expected to continue. An estimated 387 gigawatts (GW) (or 1,143 gigawatt hours (GWh)) of new energy storage
5 FAQs about [Finnish energy storage finance]
What percentage of Finland's energy supply is based on fossil fuels?
In 2021, fossil fuels covered 36% of Finland’s total energy supply (TES), the second-lowest share among IEA countries and much lower than the IEA average of 70%. Finland has no domestic fossil fuel production and all supplies of crude oil, natural gas and coal are imported.
Does Finland rely on fossil fuels?
Thanks to its nuclear reactors and large domestic production of renewable energy (mainly forestry solid biomass as well as generation from hydro and wind), Finland has one of the lowest levels of reliance on fossil fuels among IEA member countries.
Does Finland use natural gas?
Natural gas plays a small role in Finland (6.4% of TES in 2021) compared to the IEA average of 24%. However, natural gas is a key fuel for some parts of heavy industry.
Is Finland a good place to buy a battery?
The government sees critical mineral mining and processing and the battery supply chain as promising areas for delivering strong economic returns while supporting a secure energy transition. Finland has large deposits of cobalt, nickel, lithium, graphite and other critical minerals and is already a major producer of several of these materials.
Does Finland have a nuclear waste disposal facility?
The Onkalo nuclear waste disposal facility, under construction near the Olkiluoto nuclear power plant, is expected to start operating in 2025 and will be the world’s first permanent geological disposal facility for spent nuclear fuel and high-level radioactive waste. Finland does not have any uranium mining or nuclear fuel enrichment facilities.