Finnish energy storage and new energy company

HOME / Finnish energy storage and new energy company

Finnish energy storage and new energy company

Ardian, in partnership with its operating platform eNordic, has reach a final investment decision to build a 30MW battery energy storage system (BESS) in Finland.

Ardian Clean Energy Evergreen Fund (ACEEF) Expands Finnish

Ardian, a world-leading private investment house, in partnership with its operating platform eNordic, today announces it has taken Final Investment Decision to build its second

Finland''s largest electric boiler and thermal

New electric boilers with a capacity of 120 megawatts and an extended thermal energy storage (TES) facility have just been put into operation in Vaskiluoto, Vaasa. This brings the total capacity of the electric boilers at the

14 Top Renewable Energy Companies in Finland · April 2025

Renewable Energy companies snapshot. We''re tracking AW-Energy, Steady Energy and more Renewable Energy companies in Finland from the F6S community. Renewable Energy forms part of the Energy industry, which is the 16th most popular industry and market group. If you''re interested in the Energy market, also check out the top Energy & Cleantech, Oil & Gas,

New Energy Technologies (Renewable) | Aalto University

The interest of the New Energy Technologies Group is on advanced energy systems, in particular nanomaterials for energy devices, sustainable energy systems, and multidisciplinary energy science. (then at Helsinki University of Technology) in 1979. Early activities included research on solar energy and energy storage, establishing the base

Ingrid Capacity building largest BESS in Finland

Ingrid is developing the battery energy storage system (BESS) project in partnership with investor SEB Nordic Energy portfolio company Locus Energy for a

Testing to start on 100 MWh sand-based

Finnish startup Polar Night Energy is building an industrial-scale thermal energy storage system in southern Finland. The 100-hour, sand-based storage system will use crushed soapstone, a by-product from a fireplace

Siemens expands virtual power plants to

Sinebrychoff provides the location for the energy storage system, which is half the size of a soccer field. The company consumes energy from the storage system for its own operations. The benefits Sinebrychoff receives,

14 Top Renewable Energy Companies in Finland · April 2025

We provide smart energy solutions for monitoring energy consumption, controlling, storing, and optimizing renewable and non-renewable energy. The provided solutions can be

Neoen launches construction of Yllikkälä Power Reserve Two in Finland

Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world''s leading producers of exclusively renewable energy, has provided notice to proceed to battery storage expert Nidec, signalling the start of construction of Yllikkälä Power Reserve Two (YPR2). Nidec will have the overall responsibility of the construction project and will supply the battery

Finland sparks positive change for batteries

Fortum, a Finnish majority state-owned energy company, is shaking up the value chain for industrial and electric vehicle batteries with a low-carbon dioxide recycling solution capable of utilising up to 80 per cent of batteries, thus

Sand Battery

The concept of using heated sand for energy storage isn''t new, but our approach to commercializing it on a large scale and improving efficiency is innovative. How can our company start a heat storage project with Polar Night Energy?

Elisa and DNA Tower team up to strengthen

DNA Tower Finland, a company building and maintaining the mobile network infrastructure in Finland, is to join Elisa in using its Distributed Energy Storage (DES) solution. DES enables operators to optimize their electricity costs using

Petrofac supports Finnish carbon capture project

Our Consulting team in Woking, UK, is providing engineering support to Vantaa Energy, a Finnish urban energy company, on a project that seeks to capture and store carbon dioxide (CO2) from its waste-to-energy

World''s first large-scale ''sand battery'' goes

Polar Night Energy''s sand-based thermal storage system. Image: Polar Night Energy. The first commercial sand-based thermal energy storage system in the world has started operating in Finland, developed by Polar Night

Merus Power received 38MW/40MWh battery

Merus Power has signed a contract with a joint venture between Skip Wind 5 Oy, a Finnish holding company of Ardian Clean Energy Evergreen Fund (ACEEF), and Lappeenrannan Energia Oy, a Finnish municipal energy

Energy production

EPV Energy Ltd (EPV) is a Finnish energy company that generates and procures approximately 5% of all the electricity consumed in Finland. Currently, Vaasa Voima''s operations comprise a new storage solution for thermal energy

Energy sector in Finland

Reliable and affordable energy are a necessity in our lives every day of the year. Finland has succeeded in building a diverse and efficient energy system. Thanks to the diverse production structure, we are not dependent on any individual

Ardian Clean Energy Evergreen Fund (ACEEF) Expands Finnish

Ardian''s Nordic clean energy portfolio now totals over 500 MW, with renewable energy company Nevel active in district heating, industrial utilities and biogas across Finland, Sweden and Estonia. "Our first investment in Finnish battery storage was a significant milestone, and this second project further demonstrates Ardian''s commitment to

Ardian Reaches FID on Finnish Battery

Ardian, in partnership with its operating platform eNordic, has reach a final investment decision to build a 30MW battery energy storage system (BESS) in Finland. This

Global news, analysis and opinion on energy

Subscribe to Newsletter Energy-Storage.news meets the Long Duration Energy Storage Council Editor Andy Colthorpe speaks with Long Duration Energy Storage Council director of markets and technology Gabriel

Polar Night Energy to build 1 MW sand-based

Finnish startup Polar Night Energy is teaming up with a district heating company to construct an industrial-scale thermal energy storage system in southern Finland. The sand-based system will use

90 Top Energy Companies in Finland · April 2025 | F6S

We''re tracking Carbo Culture, SpinDrive and more Energy companies in Finland from the F6S community. Energy is the 16th most popular industry and market group. If you''re

Frontpage

Finland has a good chance of being a European champion of the energy transition by 2040. The opportunities are much greater than the obstacles on the path to a bright energy future. Read more about how we can create a

Finnish startup Polar Night Energy is developing

Statistics Finland, "Over one-half of Finland''s electricity was produced with renewable energy sources in 2020", November 2021. simulation solar power finland energy storage sand battery

Sand Battery

The concept of using heated sand for energy storage isn''t new, but our approach to commercializing it on a large scale and improving efficiency is innovative. How can our company

Finnish "sand battery" offers solution for renewable energy storage

The battery, which stores heat within a tank of sand, is installed at energy company Vatajankoski''s power plant in the town of Kankaanpää, where it is plugged into the local district heating

Charging Forward: Sand battery could ''redefine

In this week''s Charging Forward, Root-Power has secured approval for a battery energy storage system (BESS) near Ibrox Stadium, Statkraft starts construction at its Swansea grid park and Finnish

Battery Energy Storage System (BESS) as a service in Finland:

Fortum, an energy service company, and Elenia, a DSO, have developed and implemented completely new operating model in the energy sector. The companies are together testing the suitability of electricity storage in maintaining electricity system balance and in reducing power outages. The Finnish energy tax law was updated in 8.11.2019 to

Utility Helen launching 40MW BESS in Finland

Essentially, new state-of-charge rules and increasing opportunities in energy trading have driven the business case beyond 1-hour. Energy-Storage.news'' publisher Solar Media will host the 9th annual Energy Storage

Ardian Reaches FID on Finnish Battery

With this addition, Ardian''s Nordic clean energy portfolio now exceeds 500MW. It follows investment in Mertaniemi battery storage energy project in February 2024, expected to start operations in the second quarter of 2025. The battery storage project has been developed by Merus Power, a Finnish power technology company.

Ardian expands Finnish BESS portfolio with

This new 30 MW/30 MWh BESS project further strengthens Ardian''s commitment to advancing energy infrastructure in the Nordics. The investment, made through the Ardian Clean Energy Evergreen Fund

Ardian Clean Energy Evergreen Fund (ACEEF) Invests in Finnish

Mertaniemi battery energy storage project is a joint venture between ACEEF and Lappeenrannan Energia, a Finnish municipal energy company. It will see the development of a 1-hour 38.5-megawatt energy storage system. The project is due to complete in spring 2025 and is located near the Mertaniemi power plant in Lappeenranta.

FRV and AMP Tank use Sungrow batteries for Finnish energy storage

The company announced, at the presentation of its strategic plan in 2019, that it planned to develop energy storage projects worldwide. In 2021, FRV, Harmony Energy, and Tesla launched the largest storage project in the United Kingdom, where FRV is also developing the Holes Bay battery project.

6 FAQs about [Finnish energy storage and new energy company]

Which energy storage system will support the Finnish power grid?

This 38-megawatt and over 40-megawatt-hour energy storage system will support the Finnish power grid. The project is slated for completion by spring 2025 and will be located in Lappeenranta, near the Mertaniemi power plant.

What drives the Finnish storage market?

Revenues in the Finnish storage market have largely been driven by ancillary services, primarily mFRR, aFRR, FCR-N, FCR-D, and FFR, but opportunities in energy trading are also increasing with the renewables buildout.

Who financed the Fingrid energy storage system?

The project is financed by Ardian, a world leading private investment house, through its Ardian Clean Energy Evergreen Fund. The central function of the energy storage system is to participate in Fingrid’s frequency reserve markets and thus support the balancing of production and consumption in the power grid.

What is the largest Bess project in Finland?

A render of the project in Finland. Image: Ingrid Capacity. Sweden-headquartered BESS developer-operator Ingrid Capacity will build a 70MW/140MWh project in Finland, which it claimed will be the largest in the country.

What is a Fingrid energy storage system?

The central function of the energy storage system is to participate in Fingrid’s frequency reserve markets and thus support the balancing of production and consumption in the power grid. “Merus Power has built strong expertise in the electricity markets, intelligent power electronics, and understanding and addressing the needs of our customers.

What is the largest ready-to-build Bess project in Finland?

The firm said it the project in Nivala, in the Northern Ostrobothnia region of Finland, is the largest ready-to-build (RTB) BESS in Finland. The previously claimed largest project in the country was one that independent power producer (IPP) Neoen started construction on in January 2024, at 56.4MW/112.9MWh

Related Contents

Contact us today to explore your customized energy storage system!

Empower your business with clean, resilient, and smart energy—partner with Solar Storage Hub for cutting-edge storage solutions that drive sustainability and profitability.