Neoen to build 30-MW battery storage plant in Finland

10/06/2020 09:32 Renewable


French renewable power producer Neoen SA will build a 30-MW/30-MWh energy storage facility in Finland to help stabilise the national electricity system managed by Fingrid.

The French company announced the Yllikkala Power Reserve One project on Monday, saying that it represents the first independent, large-capacity battery to be hooked to the local grid.


“Neoen has been established in Finland since 2018, with an office in Helsinki. Our first wind farm, Hedet, has already started to generate electricity. This latest investment in energy storage illustrates our aim of becoming a leading player in the renewable energies market in Finland over the long term,” said Christophe Desplats-Redier, Neoen’s regional director.


The company also mentioned that the project will speed up progress towards Finland’s objective of becoming carbon neutral by 2035.

UK net zero needs 'immediate action' across technology, policy, behavior: Grid

28/07/2020 09:07:00

London — The UK will need over 11 million electric vehicles by 2030 and 30 million by 2040 to achieve net zero greenhouse gas emissions by 2050, according to National Grid's latest future energy scenarios published July 27.


Daily (27.07.2020): European CO2 prices dropped by over 3.5% on Friday, due to falling equity markets and weak auction activity.

27/07/2020 10:09:00

Oil prices added slight momentum on Friday, supported by Euro zone business activity growth in July. In this context, the International benchmark, Brent crude settled 0.1% higher at $43.34 a barrel. Similarly, WTI crude rose by 0.5%, to settle at $41.29 a barrel, due to a rise in U.S. business activity to a six-month high in July.


UK’s OVO signs tech sharing deal with energy giant Eni

27/07/2020 09:52:00

Under the deal, Eni gas e luce will use the Kaluza digital platform used by OVO, which allows suppliers to see real time data on customer energy consumption