Finnish energy storage group plant operation

Should Finland build a battery plant in Kymenlaakso?

The plant would also strengthen Finland’s role in the European battery value chain and bring new economic activity into the Kymenlaakso region and beyond,” says Matti Hietanen, CEO of Finnish Minerals Group. Founded in 2001, Beijing Easpring is a developer, manufacturer, and supplier of lithium-ion battery cathode materials.

Can a simplified framework be used to analyze storage projects in Finland?

This simplified framework is used as a methodology in the subsequent analysis of storage projects in Finland. While the value proposition and stakeholders have been clearly identified in the literature, there is a gap concerning the challenges faced by storage project developers.

Can energy storage be integrated into distribution systems?

The case studies were conducted as part of the STORY H2020 project, which aims to integrate energy storage into distribution systems. Interviews were carried out with project participants and regulatory authorities in order to create a full picture.

Where do electrical and thermal storage services come from?

The authors find that electrical and thermal storage offer services mainly in the reserves markets, and non-electricity services; while their revenue streams come from asset sale and leases, as well as commodity sales.

Can battery energy storage be integrated to hydro power plants?

The battery energy storages can be integrated to hydro power plants as well to extend the lifetime the plant as to optimize the revenues in the reserve markets (e.g. FCR (Frequency Containment Reserve), FFR (Fast Frequency Reserve, established in Q2/20,120.)). Fortum's Batcave project is a good example of this kind of application.

Who owns battery energy storage systems?

The ownership of the storage systems and their place in the value chain is explained next. Today battery energy storage systems can be owned and operated by the Power Generation Company (PGC), the Retailer (acting typically also as Balance Responsible Company (BRC)), the Aggregator (AGG) and the Prosumer (PRO).