The latest trend in the energy market is the electric boiler, which is helping industries on their path to the green transition. Jukka Ihamäki, Regional Director at Caruna, also sees challenges ahead for the electricity network due to the pace of change.
Finland’s first pumped storage power station offering balancing
power is planned for construction in Lapland. Many such power stations can be found in Central Europe.
Solar production is growing rapidly. The first large solar farms are in operation,
and many more are under construction or in the design phase.
Grid energy storage facilities can hedge against the highest prices, even out consumption peaks, and ensure a supply of reserve power. They can also be used in the frequency reserve markets.
As much electricity must be produced as is consumed at any given moment. It is a simple equation, but the solution is complex.
The rapidly expanding charging network for electric vehicles can be harnessed as a disturbance reserve to support the power system.
Fingrid requests tenders for grid construction projects and some of its goods deliveries internationally.
Competitive tendering is based on supplier registers that contractors can join if they meet the qualitative
and quantitative requirements.
The partnership between Finland’s Fingrid, Sweden’s Svenska kraftnät and Estonia’s Elering is wide-ranging. The goal is a unified electricity system that uses as little carbon as possible and allows all these countries to get electricity at the market price.
The green transition in the power system will herald a new era of clean industry in Finland, and the presence of major industrial electricity consumers in the country ensures a positive return on renewable energy investments.
Fingrid works closely with several entities in the energy sector, especially now that the power system is transitioning towards clean energy.
