Finland energy storage system price adjustment

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.

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.

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.

Are next-generation electricity meters a good choice for DSO's in Finland?

DSO's in Finland are now starting rollouts of next-generation electricity meters, which are capable of receiving, implementing and forwarding load control commands with higher reliability and better response times. Today the available control systems still vary in response times depending on the reading technology.

Is hydropower a good source of flexibility in Finland?

Hydropower is today a proven form of flexible power generation and it is therefore the main resource in the flexibility markets in Finland. From the present power system point of view hydropower flexibility is developing too slowly and it is also vulnerable to strong mechanical stresses in fast control actions.

Are smart meter data regulated in Finland?

The regulatory framework in Finland is open to innovation, technology is progressing faster than regulation, and stakeholder discussions are taking place. At the same time, smart meters have been implemented for years already, and DSOs are capable of monitoring smart meter data on an hourly level.