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Is Finland a good place to invest in battery energy storage?

In addition to that, Finland has a strong culture focusing on core business functions and there is always plenty of space for services. It is, however, noticeable that battery energy storage systems or services are demonstrated only by larger companies, which have got typically 30% investment support.

How many battery installations are there in Finland?

Today there are approximately 10 battery installations in Finland (see Table 1), which are providing services for different stakeholders in the energy value chain. First, the case studies are classified based on the framework presented above, and next, the main concerns raised in the interviews conducted are outlined.

Where is the battery energy storage system located?

Battery Energy Storage System in the energy community (Marjamäki, Lempäälä) The LEMENE smart energy system is under construction in Marjamäki business area near the city of Tampere in Finland. The project will deliver the largest energy self-sufficient business district using renewable energy in Finland.

What is a battery energy storage system (BESS)?

Business model and regulatory considerations are concluded. Battery Energy Storage Systems (BESS) can provide services to the final customer using electricity, to a microgrid, and/or to external actors such as the Distribution System Operator (DSO) and Transmission System Operator (TSO).

Is Finland a good market for storage as a service business?

The Finnish market has some specific characteristics that make it an interesting target as a case study regarding storage as a service business. Finland is the first country in the world to have adopted smart electricity metering (hourly metering and remote reading) on a full scale.

What is a battery energy storage contract?

Battery energy storage systems as a service contracts start with periods as short as a few months. Contracts are based on a regular monthly or annual fee. Terms can be adapted to fit changing business needs.