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.
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.
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.
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.
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).
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Battery Energy Storage System (BESS) as a service in Finland: Business model and regulatory challenges . Battery Energy Storage System (BESS) as a service in Finland: Business model and regulatory challenges. Journal of Energy Storage . 2021 Aug;40:102720. doi: 10.1016/j.est.2021.102720 Powered by Pure, Scopus & Elsevier Fingerprint Engine™
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