Top 10 Energy Storage Companies in Finland: A 2024 Guide

Finland Energy Market. Energy Storage Facilities Market Trends in Finland 

The countries of the North provide good security for environmental protection, and Finland has advanced a long way in carrying out business in the most buoyant market in this region. Since the country has committed to the goal of carbon neutrality in 2035, new sources including wind, solar and hydro become more popular. Still, the nature of these energy sources is quite unpredictable and it remains the task of appropriate storage measures to create conditions for stability in a grid. 

Investment into energy development has been encouraged by the Finnish government by coming up with right policies and measures such as liberalization to encourage investors. This has received regulatory support and with increasing concern over climate change that has seen Finland ratify in the EU targets, demanded improvement in energy storage systems. The most important function of energy storage systems to support DSM and to balance electricity generated from renewables. 

Challenges in Finland's Energy Storage Sector: It’s that covers Policies, Costs and Technology 

However, there are a couple of problems with the energy storage sector in Finland even though a lot of developments have been made. This comprises of the fact that advanced technology storage systems tend to be costly and this poses a limitation to adoption of the systems. While battery technologies have been enhanced while the costs in fabrication have reduced, batteries still costs a considerable amount of capital for most private or public companies. 

Policies and regulations also thus have to be comprehended as the other part of the solution. The Finnish government has also played a role to enable the growth of the sector but for most new entrants seeking to establish themselves in the market getting capital is a challenge. Moreover, the connection of the storage facilities with the existing grid systems requires many advancements, and extensive coordination with multiple parties. 

Technologically the sector is not yet advanced. Issues that pertain to the battery life cycle, the energy density of the battery, and battery recycling need further development. Likewise, under the growing size of the installations, assurance of the safety of the storage systems is highly critical. 

Future Trends in Finland’s Energy Storage Market 

Future trends will determine that the energy storage sector in Finland offers promising potential. There are growing trends towards the integration of smart grid technologies with energy storage systems as one of the major trends and the focus of the future. It means that widespread monitoring of energy flows is what makes it possible to enhance the utilization of the systems. 

There is also a growing trend towards the adoption of more decentralized storage systems. As more consumers and businesses adopt renewable energy, so will the demand for localized energy storage systems. This shift towards prospects levels which is energy providers and consumers at the same time will encourage more improvement in smaller and more flexible storage devices. 

Especially the solid state batteries, are also expected to be advances further and used as a new material such as sodium ion which is expected to be low in price and high in performance. The Storage Development baselines will make cost effective improvement bringing about benefits to the energy storage systems in Finland.