The project will be developed in Lappeenranta, southern Finland, near Lappeenranta Energia’s Mertaniemi gas power plant, and is expected to be completed by spring 2025.
Mers Power said its “investment share” in the project totaled €15 million (US$16 million), which included the delivery, testing and commissioning of the BESS. The total investment will be even greater, including locally built infrastructure and a long-term maintenance contract for the project, the latter also provided by Merus Power.
Mels Power said in an interview at Solar Media’s Energy Storage Summit EU in London last year. Energy storage.News How additional wind power capacity and pumped hydro energy storage (PHES) limitations are driving the Finnish energy storage market. As in many markets, high ancillary service prices drive the business case for large-scale projects.
However, new rules on state of charge (SOC) and increased opportunities for energy trading are opening business cases for two-hour systems, among them the Finnish independent power producer (IPP) Neoen, which is building This includes the largest system under construction in the country. Nordic is 112.9MWh, also near Lappeenranta.
Last week, Utility Helen launched a 40MW BESS project in Nurmijarvi for commissioning in 2025.
Solar Media, publisher of Energy-Storage.news, hosts its 9th annual event Energy Storage Summit EU This year we have moved to a larger venue, bringing together Europe’s leading investors, policy makers, developers, utilities, energy buyers and service providers all in one place. For more information please visit the official website.