The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Developers Taaleri Energia and Merus Power deploying 36MWh battery storage unit in Finland

LinkedIn
Twitter
Reddit
Facebook
Email

Developers Taaleri Energia and Merus Power have partnered to deploy a 30MW/36MWh battery energy storage system in Finland, one of the country’s largest.

The two will oversee the development of the battery storage system in Lempäälä in the southern municipality of Pirkanmaa, near Tampere, which will support the local electricity grid. It is expected to be built by April 2024.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Merus Power is the developer of the project and has overall responsibility for the turnkey delivery, and Taaleri Energia will acquire the project in the second quarter of calendar 2023 through its Taaleri SolarWind III Fund after it closes.

The battery unit will mainly support the balancing of production and consumption in the electricity grid through providing frequency reserve services to Transmission System Operator (TSO) Fingrid. The companies said the project will be the largest energy storage unit operating in frequency reserve by capacity (MWh) in Finland.

Merus Power will also provide the energy management system (EMS) platform to optimise the battery’s financial performance as part of the deal. The investment totals around €20 million (US$21.5 million) and includes an option to increase the size of the unit in the future.

A product brochure for Merus’ energy storage system (ESS) unit says it uses lithium-ion cells but does not specify the type.

“We have been systematically building expertise in understanding the electricity market and solving customer needs for years. This agreement with Taaleri Energia is strong proof of the functionality of our energy storage strategy and our position at the top of this value chain,” said Kari Tuomala, CEO of Merus Power.

Taaleri Energia recently recruited a new investment director for energy storage in Ville Rimali, who came from five years at Wärtsilä where he was most recently Director, Growth & Development and Business Support, Africa & Europe.

The battery storage market in Finland has been relatively quiet in the past year compared to neighbouring Sweden. A few large-scale projects have been added to wind farms, like ones for power generators Ilmatar Energy and EPV Energy reported on by Energy-Storage.news.

Energy-Storage.news’ publisher Solar Media will host the eighth annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

Read Next

April 17, 2024
Netherlands’ climate minister has allocated €100 million in subsidies to the deployment of ‘time-shifting’ battery storage with solar PV projects for next year, an acceleration of a larger €400 million-plus programme.
April 16, 2024
Energy management solutions provider GridBeyond has raised investment to extend its capabilities for “robotic” trading of energy assets and expand internationally, the company’s CEO has said.
April 16, 2024
SSE Renewables has launched its first operative battery energy storage system (BESS) with a capacity of 50MW/100MWh. 
April 15, 2024
Mitsubishi Power Americas’ spinout BESS solution firm Prevalon has entered into a long-term supply deal with lithium-ion battery OEM Rept.
April 15, 2024
Lithium-ion battery manufacturer CATL has launched its latest grid-scale BESS product, with 6.25MWh per 20-foot container and zero degradation over the first five years, the company claimed.

Most Popular

Email Newsletter