Why is hydrogen storage important in Finland?

Hydrogen storage decreases electricity imports and carbon dioxide emissions. Wind power is rapidly growing in the Finnish grid, and Finland's electricity consumption is low in the summer compared to the winter. Hence, there is a need for storage that can absorb a large amount of energy during summer and discharge it during winter.

Does Finland's electricity system have hydrogen geological storage?

The novelty of this study is that it performs an analysis for Finland's current electricity system with and without hydrogen geological storage in respect to the country's actual generation capacities and its recently updated energy policies and plans using the LEAP-NEMO modeling toolkit.

Why has Finland halted gas & electricity supplies?

It has the longest Russian border in the EU and Moscow has now halted gas and electricity supplies in the wake of Finland's decision to join NATO. Concerns over sources of heat and light, especially with the long, cold Finnish winter on the horizon are preoccupying politicians and citizens alike.

Why is nuclear energy important in Finland?

Nuclear energy plays a key role in Finland’s energy sector and is central to the government’s goals to achieve carbon neutrality and reduce energy import dependence.

Does Finland have a high energy consumption?

At the same time, Finland still has a high level of energy consumption in relation to the size of its economy, showing the opportunity for energy efficiency to help improve energy security and reduce emissions in sectors such as transport and industry.”

Is Finland a good country for energy R&D?

In 2020, Finland ranked fourth among IEA member countries for government budget allocations on energy R&D as a share of GDP and there is a push to develop new and emerging energy technologies to drive energy transitions in hard-to-decarbonise sectors and end-uses, especially industry and heavy transport.