Finnish energy storage group operation model

Is Finnish energy a business model?

Finnish Energy (ET), which is a Business model considerations are abstracted from the case studies, literature review and regulatory framework for storage in Finland. The recommendations are presented first in terms of enablers, and then in terms of challenges for the service business model.

Can hydrogen storage be integrated into the energy systems model?

Impact of incorporating hydrogen storage into the energy systems model is analysed. LEAP-NEMO model for Finland's electricity generation system until 2030 is optimized. Integration of hydrogen storage enables seasonal storage of renewables. Hydrogen storage decreases electricity imports and carbon dioxide emissions.

Does the heat generation system contribute to electricity production in Finland?

It should be mentioned that the study did not include the heat generation system, which has an outstanding share in power production in Finland and has a role also in electricity production due to combined heat and power plants.

Are thermal power plants in Finland CHP based?

Most of the thermal power plants in Finland are CHP based; however, the costs and efficiencies incorporated in the model was based on the fuel type in general that reflected more on conventional power plants. This approach has been considered because the heat generation is not modelled.

What are alternative energy storage systems?

For electricity storage there are several alternatives that exist like batteries, pumped hydro storage, hydrogen storage etc. Although battery energy storage systems (BESS) efficiently store electrical energy, they have drawbacks for grid-scale storage in comparison to hydrogen storage .

How much electricity does Finland produce a year?

In 2018, electricity demand in Finland was 87.4 TWh, out of which 67.5 TWh of electricity was generated while 22.5 and 2.6 TWh of electricity were imported and exported, respectively. The total installed electricity generation capacity was 17.2 GW in 2018, which rose to 17.4 GW in 2019.