Solutions that turn electricity into a product – known as Power-to-X solutions – support emission-free, renewable electricity generation and introduce flexibility to electricity consumption. Electricity can also be used to produce carbon neutral or even carbon negative products that can be transported and stored. Fingrid is making preparations for a significant increase in electricity consumption in the coming decades.
This autumn and winter, the energy sector working group set up by the Ministry of Economic Affairs and Employment will analyse the possibilities and obstacles to sector integration and seek tangible solutions for promoting the issue. The working group is expected to produce an interim report by February and a final report in summer 2021.
An industrial-scale production plant planned in Lappeenranta aims to produce 27,000 tonnes of synthetic methanol annually. The carbon and hydrogen required to synthesise methanol are the by-products of the chemical and cement industries.
Sector integration means bringing the various energy sectors together to enable them to balance out each other’s peaks in consumption and generation. Electricity, heat, gas and transport will be interconnected to provide mutual support to each other. But what does this mean for the power system and the transmission grid?
Competition for customers and improvements to profitability are driving electricity companies to work together. Several new national operators have entered the electricity retail market via corporate acquisitions as local electricity companies have consolidated their sales operations. Further consolidation is to be expected in the electricity industry.
Oksasen Puutarha specialises in cultivating lettuces. The company, which is based in the north of Turku, has been providing the frequency containment reserve for disturbances (FCR-D) and demand response for two years now. The provision of FCR-D causes the lights to go out in the greenhouse a few times a month, as agreed, in return for payments to Oksasen Puutarha.