Free Quote
Welcome to inquire about our products!
"Finland is moving to this 15-minute settlement period which will increase the balancing cost of the wind companies so we expect to see more combined wind-battery projects in Finland," Marttala said. Energy-Storage.news recently reported on a project pairing both wind and solar with battery storage.
Finland uses a lot less fossil fuel than most countries. But it still has a lot to do to hit its ambitious green energy targets. The country''s commitment to biofuels is one of the chief reasons it''s ahead of many others. Finland gets 29% of all its energy needs from advanced biofuels. It also has extensive nuclear and hydro networks.
The company''s Sand Batteries are designed to store thermal energy, enabling increased renewable energy production and a reduction in fossil fuel usage. With this funding, Polar Night Energy aims to expand its sales and R&D teams, improve its heat-to-electricity conversion capabilities, and benefit from the strategic insights of its new
Harp Renewables Limited. Manufacturer. based in Navan, IRELAND. Founder and company Director Shane Finnegan established Harp Renewables Ltd. in 2014 to provide a renewable and sustainable solution for the treatment of organic waste. Since that time, Harp Renewables has emerged as a global leader in thermophilic
Polar Night Energy and Vatajankoski, an energy utility based in Western Finland, have together constructed a sand-based thermal energy storage. It is the
Finnish startup Polar Night Energy and Loviisan Lämpö, a district heating company in Finland, plan to construct an industrial-scale thermal energy sand-based
Finnish investment and asset manager Taaleri Oyj (HEL:TAALA) said on Wednesday that its renewables business is entering the energy storage market by investing in a 30-MW/36-MWh battery system in Lempaala. Taaleri Energia''s EUR-20-million (USD 21.4m) investment comes in the form of an order placed with technology
The investment round was led by Jonathan Oppenheimer, and co-led by Finnish investment companies Stephen Industries, Case: Spa and its heating system, Finland. Energy storage: Polar Night
Cactos Fleet Finland LP aims to raise a total of €70M in capital, consisting of €35M in equity and €35M in debt. The company intends to invest all of its capital into smart
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 targeted at energy storage systems that help companies electrify their operations, support infrastructure for clean energy
Cactos Fleet Finland LP aims to raise a total of €70M in capital, consisting of €35M in equity and €35M in debt. The company intends to invest all of its capital into smart energy storage units in an investment period of approximately two and a half years and with an expected operational period of approximately ten years.
Transaction Marks First U.S. Investment from KKR''s Global Climate Strategy. NEW YORK –(BUSINESS WIRE)– Today, KKR, a leading global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S.
Helen Ltd is investing in the new 40 MW battery electricity storage system in Nurmijärvi. The storage is one of the first large-scale battery electricity storing systems in Finland. The investment will accelerate the green transition, balance electricity price fluctuations and ensure the reliability of the electricity system. Evli Fund
Large-scale energy investments supported in this application round. In the first application round, aid will be available only to energy investment and energy infrastructure projects where eligible costs exceed EUR 5 million. The granting of aid will be based on a comparison of applications by investment type.
We have designed and built our first commercial sand-based thermal energy storage for Vatajankoski, an energy utility based in Western Finland. This innovative system provides heat for Vatajankoski''s district heating network in Kankaanpää, Finland. The Sand Battery has 100 kW heating power and 8 MWh capacity.
The company currently owns and operates thirteen wind farms around Finland and one 6,6 MWh battery storage and intends to continue to invest in increasing renewable energy production in Finland. Capalo AI has gotten significant traction in the whole Nordic area from future customers, and the company will soon start cooperating
In 2022, Polar Night Energy switched on the world''s first commercial sand-based, high-temperature heat storage system in the Finnish city of Kankaanpää, with 100 kW of heating power and 8 MWh
Albemarle is a future-proof energy storage stock because it shifts with the advancement of technology. People are moving away from flooded gel energy storage batteries. Lithium-based batteries have high energy storage capacities and keep the overall weight low. In fact, they are many times lighter than others.
A seasonal thermal energy storage will be built in Vantaa, which is Finland''s fourth largest city neighboring the capital of Helsinki. When completed, the
INVEST IN FINLAND, BUSINESS FINLAND Porkkalankatu 1, FI-00180 Helsinki, Finland, Tel. +358 294 695 555 info@investinfinland ,, Twitter @investinfinland GROWING DEMAND FOR LITHIUM-ION BATTERIES Energy and climate policies that support sustainable development are generating a need for new energy
Finnish energy storage startup has raised 26 million euros ($28.5 million) in fresh funds. The cash is part of a separate fund that will be used to finance the roll-out of the batteries.
Image: Wärtsilä. Wärtsilä''s Q1 net sales in its energy storage and optimisation (ES&O) business division fell 75% year-on-year, with revenues to be recognised as projects move toward completion later in the year. The Finnish marine and energy technology company reported its interim financial results for January-March
This is a thermal energy storage system, storing heat in a sand reservoir at about 500-600 degrees Celsius (932-1112 °F). The sand is heated up using the electricity generated by solar panels and
Wärtsilä Board of Directors has decided to initiate a strategic review of its Energy Storage and Optimisation (ES&O) business. The strategic review aims to assess options that would accelerate the profitable growth of the ES&O business in a way that benefits its customers, employees, and the value creation for Wärtsilä shareholders.
Ardian, a world leading private investment house, in partnership with its operating platform eNordic, today announces it has taken Final Investment Decision
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 MW energy storage system. The project is due to complete in spring 2025 and is located near the Mertaniemi power plant in Lappeenranta.
Wärtsilä Oyj Abp (Finnish: [ˈʋærtsilæ]), trading internationally as Wärtsilä Corporation, is a Finnish company which manufactures and services power sources and other equipment in the marine and energy markets. The core products of Wärtsilä include technologies for the energy sector, including gas, multi-fuel, liquid fuel and biofuel power plants and energy
The project cost is estimated to be around 200 million euros, and it has already been awarded a 19-million-euro investment grant from Finland''s Ministry of Economic Affairs and Employment. Construction of the storage facility''s entrance is expected to start in summer 2024. The seasonal thermal energy storage facility could
BBC made a story about Polar Night Energy''s heat storage solution. See below for Finnish and French. Polar Night Energy and Vatajankoski, an energy utility based in Western Finland, have together constructed a sand-based thermal energy storage. BBC, the national broadcast company of the UK, visited us in Finland.
A shift to intermittent power sources also requires significant investment in energy storage (Bogdanov et al., 2019; large international companies such as Google or IKEA have closed long-term PPA contracts on wind power and some large Finnish companies (such as UPM, Finland''s largest forest industry corporation) are following
This is why renewable energy is one of Finnfund''s priority sectors. We continuously invest in wind, solar, hydro and bioenergy, as well as energy efficiency and storage. We do not finance coal energy. The size of our projects varies, and they use a wide range of technologies and financing solutions.
Geyser Batteries Oy. based in Mikkeli, FINLAND. Geyser Batteries is a technology company incorporated in 2018 to scale up production and expand adoption of disruptive and sustainable high-power heavy-duty energy storage invented by our founding team through their 25+ years of innovation, product
Ardian, a private investment house, in partnership with its operating platform eNordic, has announced it has made a Final Investment Decision (FID) to build
Energy Vault expects to merge with SPAC Novus Capital Corporation II ( NXU) in Q1 2022. It uses gravity-based energy storage technology and develops a technology-agnostic AI system. The pro forma
A Finnish startup that uses both recycled Tesla batteries and new batteries to build energy storage systems has raised 26 million euros, $28.5 million, in fresh funds.
The world''s first commercial sand battery system is now in operation in Western Finland. Polar Night Energy. This is a thermal energy storage system,
July 6, 2022. 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 Energy. Polar Night Energy''s system, based on its patented technology, has gone online on the site of a power
Elisa runs the radio access network (RAN) in Finland. Image: Elisa. Europe''s telecommunications sector has the potential to deploy 15GWh of distributed energy storage (DES), halving its energy costs and helping the energy transition, Finnish telecoms firm Elisa said discussing its new DES solution with Energy-Storage.news..
Farasis Energy — Industrial Bank Company, Dongxing Securities, China V Fund, Soochow Asset Management ($815M raised to date) Skio Matrix — IDG Capital, Hua Ying Capital, Meridian Capital China, and Dingcang Capital ($307M raised to date) (Source: Pitchbook ) Past energy storage investments. These five companies were
On August 18, Business Finland and Electric Power Planning and Engineering Institute will co-organize the China-Finland Smart Energy (Guangzhou) Forum, where close to 10 Finnish companies will participate and explore further collaboration in renewables in the Greater Bay Area. As coordinator of the demonstration project, Business Finland
This qualitative study highlights company actors'' perspectives on bioenergy with carbon capture and storage within a Nordic regional context and explores their perspective on emerging tensions in the energy transition. Semi-structured interviews were conducted with 20 of the 24 companies with the largest point sources of biogenic
The BitKein project, initiated by VTT Technical Research Centre of Finland and the University of Jyväskylä, aims to enhance the efficient utilisation of bioresources as energy storage and facilitate transition to a greener energy system. The project, which started in September 2023, seeks novel and economically viable methods
Price spikes and high volatility are persisting into 2023, driven by Russia''s invasion of Ukraine. In February 2022, Finland announced a range of measures to reduce the impact of higher energy prices, particularly for household electricity and heating, and for transportation and agricultural companies.
Welcome to inquire about our products!