Evli Renewable Energy Infrastructure Fund II and Helen Oy have successfully completed a major green transition investment in electricity storage in Nurmijärvi. The lithium-ion battery-based electricity storage facility has now been finalized and placed in operation. With a capacity of about 40 MW and an energy capacity of about 80 MWh, it is one of the largest electricity storage facilities in Finland.
The Nurmijärvi electricity storage facility provides essential flexibility to an energy system where electricity production must always match consumption. The rapid growth of wind power, in particular, has increased the need for solutions that can balance fluctuations in both supply and demand. As Finland’s electricity system becomes increasingly affected by weather conditions, the importance of strong balancing capabilities continues to grow.
Evli serves as both co-investor and developer in the project. The electricity storage facility forms part of the Evli Renewable Energy Fund’s strategy to invest in infrastructure that advances the green transition.
“The Nurmijärvi electricity storage facility plays an important role in maintaining the stability of the electricity system. This is precisely the type of project we want to invest in: it combines advanced technology, a compelling market outlook, and tangible support for the green transition. Our fund’s strategy focuses not only on promoting renewable energy generation, but also on developing the infrastructure that enables clean energy to be integrated into the electricity system more efficiently,” says Antti Jaakonsaari, Portfolio Manager of the Evli Renewable Energy Infrastructure Fund II.
“The energy sector has made significant investments in renewable energy in recent years, replacing fossil-based production with wind and solar power. However, renewable energy requires electricity storage solutions to ensure stability in both the electricity system and the electricity market. The Nurmijärvi electricity storage facility is a concrete step toward a more flexible and resilient energy system,” says Pekka Tolonen, VP Power Generation at Helen.
The lithium-ion battery-based electricity storage facility consists of 36 modules the size of a large sea container, which will be connected to the nearby grid of Fingrid Oyj. The storage facility helps balance Finland’s electricity production and consumption by participating in both the Nord Pool energy market and Fingrid’s reserve market.
Additional information:
Antti Jaakonsaari, Portfolio Manager, Evli Renewable Energy Infrastructure Fund II
tel. +358 50 521 9833, antti.jaakonsaari@evli.com
