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Tesla batteries repurposed into energy storage in Finland, California

Image: Smartville Inc. Finland and California-based second life energy storage firms Cactos and Smartville Inc have raised nearly US$10 million to commercialise systems using repurposed Tesla EV batteries – we talked to both companies'' founders. San Diego-based Smartville Inc recently received a US$6 million grant from the Department of ...

Energy in Finland

Finland''s approach includes nuclear energy, more renewables for electricity and heat, improved energy efficiency, and economy-wide electrification. After Russia''s 2022 invasion of Ukraine, Finland moved to cut Russian energy imports, which previously comprised 81% of crude oil, 75% of natural gas, and 19% of electricity imports in 2021.

Ardian enlists Merus Power for 40MWh Finland battery unit

February 14, 2024. Merus Power provides power solutions across different energy segments. Image: Merus Power. Global private equity firm Ardian has enlisted power solutions firm Merus Power for its first BESS project, a 38MW/40MWh system in Finland. Finland-headquartered Merus Power has signed a contract for the BESS technology …

Wärtsilä to install ''first-of-its-kind ...

Meeting these targets would put the country to between 50% and 60% renewable energy. Wärtsilä meanwhile appears to be ramping up its energy storage business in the Southeast Asia region, where its legacy business divisions have already delivered more than 9,000MW of mostly engine-based power solutions, including around …

SENS and Callio developing battery-hydro-solar project in Finland

Image: Tiia Monto / Flickr. Developers SENS and Callio have revealed a hybrid project in Finland which could combine a battery energy storage system (BESS), pumped hydro energy storage and solar PV technology. The companies have struck a principal agreement to develop the project at the decommissioned Pyhäsalmi mine in …

Renewable Energy in Finland: From a Production-Centric to a Consumption …

Finland, in line with its Nordic neighbours, has set itself ambitious goals to achieve carbon neutrality. By the late 2010s, the idea of a full-scale energy transition was mainstreamed in Finnish society alongside the expectation …

Fortum says ESS will be significant source of ...

The stationary energy storage system (ESS) industry will be a significant source of lithium-ion batteries that can be recycled and reused, the head of Finnish state-owned energy company Fortum''s battery business line has said. Fortum has just announced a €24 million (US$28.55 million) investment into expanding a battery materials recycling ...

Ardian invests in 38.5 MW Finnish BESS project | Energy Global

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.

EASE: ''Energy storage for European Union''s energy challenges''

Trade association EASE has urged policymakers to recognise the vital role energy storage can play in solving energy sector challenges as European Union (EU) elections take place. With EU elections underway from 6-9 June, EASE—the European Association for Storage of Energy—sent out a media alert regarding a ''manifesto'' it …

Neoen building 30MW BESS to support Finland''s wind energy growth

The project was recently expanded to 193.5MWh. Image: Neoen. Independent renewable energy asset producer Neoen will build a 30MW / 30MWh grid-connected battery energy storage system (BESS) in Finland to help integrate the growing capacity of local wind energy. The France-headquartered company famously partnered …

Mobilising mainstream finance for a future clean energy transition…

1. Introduction. Financing the clean energy transition is a growing field of research, yet most research on investments in clean energy has focused on the early stage, and hence on the role of public policy and private equity such as venture capital (e.g. Bürer and Wüstenhagen, 2009; Polzin et al., 2019).However, renewable energy has become …

Finland: Wind and pumped hydro limitations driving battery storage

Image: CWP Renewables via Twitter. Huge wind power deployments and the limitations of the existing fleet of pumped hydro energy storage (PHES) are driving the battery storage market in Finland, a local system integrator said. That''s according to executives from Merus Power speaking to Energy-Storage.news at Energy Storage …

Elisa DES for DNA Network''s Finnish mobile infrastructure

Telecoms firm Elisa Corporation has signed a contract to bring its distributed energy storage (DES) solution to Finnish mobile networks. The deal, with Helsinki-based cellular infrastructure construction and maintenance provider DNA Tower, will use the backup battery energy storage system (BESS) capacity of mobile networks to …

Glennmont, Ilmatar and Alfen to develop 30MW BESS in Finland

Construction has begun on a 30MW battery energy storage system (BESS) in Finland, developed by Glennmont Partners, local IPP Ilmatar, and deployed by ESS firm Alfen. The project broke ground in May this year and is set to reach commercial operation date (COD) in 2024. It will be sited adjacent to Glennmont''s 211MW …

Finland 2023 Energy Policy Review

These reviews cover all major forms of energy produced, imported and consumed in the concerned country. The review''s recommendations aim to guide the country''s energy transition and promote energy security. The assessment of energy policies covers climate change, energy efficiency, renewables, energy markets, prices and taxes, regulation ...

Neoen building largest Nordic battery as market moves to 2-hours

January 30, 2024. The project is the successor to a 30MW/30MWh BESS Neoen already operates in Finland. IPP Neoen has started construction on a 2-hour 56.4MW/112.9MWh BESS in Finland, in the context of market dynamics which optimiser Capalo AI explained to Energy-Storage.news. The Paris-headquartered independent power producer (IPP) …

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