The Finnish main grid is a business accelerator; it helps to build new export assets for the future around clean electricity and open data. Finland has a rare situation on its hands: We are a pioneer in a technology for which there is an acute, global demand.
Sometimes the best perspectives come from an entirely different industry. Recently, Fingrid has actively tested some of the different concepts for bringing competence together and creating innovation. For example, various innovation events and competitions create an inspiring atmosphere, which in the best cases leads to new creative, productive cooperation.
Fingrid’s innovation activity is primarily aiming for more efficient and higher-quality operations. Development work is being done in cooperation with experts from different sectors. Everyday examples of this are the Noiseless Acoustics sound camera and the NordSafety reporting system.
Single-family houses form a significant share of our country’s energy economy. During this time of energy transformation , we often speak of electricity shortages and overproduction. Residents in single-family houses play a key role on the renewable modernising electrical energy markets in the aim to intelligently balance electricity consumption.
For a transmission system operator, the basis of operations is slightly different to what it is in many other companies. The aim of development work is not necessarily an increase in market share or the active launch of a product. Neither does the money invested in R&D activity always bring financial benefit in the same financial period. It is, however, also important to do sustained development work.
The renewal of the electricity market represents an opportunity for market actors and consumers. However, the transition phase will create pressure to change and uncertainty for both groups as the discussion shifts to bidirectional power system products, energy community regulations and energy storage.
Fingrid’s strategic projects strengthen the company’s target of remaining agile during the energy market transformation and safeguarding power system functionality in a reliable way. The company’s fast, new investments over a 5–10 year time window are aimed at proactively addressing the challenges of the global clean-up project