Helsinki Energy Storage Commercialization Project

Vantaa Energy plans to construct a 90 GWh thermal energy storage facility in underground caverns in Vantaa, near Helsinki. It says it will be the world’s largest seasonal energy storage site by all standards upon completion in 2028.

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Hot Heart

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Constant innovation, coupled with rapid commercialization, are key to the success of these ambitious goals. The project is an innovative and transformative energy storage system to provide district heating to the city. award winner of the 2021 Helsinki Energy Challenge. The project is an innovative and transformative energy storage

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Constant innovation, coupled with rapid commercialization, are key to the success of these ambitious goals. The project is an innovative and transformative energy storage system to provide district heating to the city. award winner of the 2021 Helsinki Energy Challenge. The project is an innovative and transformative energy storage

About Helsinki Energy Storage Commercialization Project

About Helsinki Energy Storage Commercialization Project

Vantaa Energy plans to construct a 90 GWh thermal energy storage facility in underground caverns in Vantaa, near Helsinki. It says it will be the world’s largest seasonal energy storage site by all standards upon completion in 2028.

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5 FAQs about [Helsinki Energy Storage Commercialization Project]

Is this Finland's largest battery energy storage system?

Swedish flexible assets developer and optimizer Ingrid Capacity has joined hands with SEB Nordic Energy’s portfolio company Locus Energy to develop what is claimed to be Finland’s largest and one of the Nordics’ largest battery energy storage systems (BESS). The 70 MW/140 MWh BESS project will be located in Nivala, northern Finland.

What is the largest Bess project in Finland?

A render of the project in Finland. Image: Ingrid Capacity. Sweden-headquartered BESS developer-operator Ingrid Capacity will build a 70MW/140MWh project in Finland, which it claimed will be the largest in the country.

What is the largest ready-to-build Bess project in Finland?

The firm said it the project in Nivala, in the Northern Ostrobothnia region of Finland, is the largest ready-to-build (RTB) BESS in Finland. The previously claimed largest project in the country was one that independent power producer (IPP) Neoen started construction on in January 2024, at 56.4MW/112.9MWh

What drives the Finnish storage market?

Revenues in the Finnish storage market have largely been driven by ancillary services, primarily mFRR, aFRR, FCR-N, FCR-D, and FFR, but opportunities in energy trading are also increasing with the renewables buildout.

When will the energy grid project start in Finland?

The project proponents have confirmed that the construction works will start in March 2025. The project, which is one of the largest of its kind in Finland, will provide grid services including frequency response and will be able to participate in energy trading on wholesale power markets.

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