What kind of energy does Finland use?

Finland has no domestic fossil fuel production and all supplies of crude oil, natural gas and coal are imported. The energy intensity of the economy and energy consumption per capita are both very high due to the country’s relatively large heavy industry sector and the high heating demand from its cold climate.

What is Finland's Energy Policy?

Finland’s energy policy is focused on reducing the use the gas, especially following the cut‑off of gas supplies from the Russian Federation (hereafter “Russia”), formerly Finland’s main supplier.

What is the largest source of electricity in Finland?

Nuclear is the largest source of electricity generation in Finland, amounting to 33% of total electricity generation in 2021. This figure is expected to increase to more than 40% following the start of operations of the Olkiluoto 3 reactor on 16 April 2023.

What percentage of Finland's energy supply is based on fossil fuels?

In 2021, fossil fuels covered 36% of Finland’s total energy supply (TES), the second-lowest share among IEA countries and much lower than the IEA average of 70%. Finland has no domestic fossil fuel production and all supplies of crude oil, natural gas and coal are imported.

Where is the largest battery in Finland?

In Finland, the largest battery is currently at Olkiluoto, rapidly developed in contrast to the nuclear plant on the same site. Data from LCPDelta’s StoreTrack shows over 300MW of grid-scale batteries expected to come online over the next two years, while the telecoms operator Elisa plans to install 150MWh of batteries across its sites.

Is Finland a good place to buy a battery?

The government sees critical mineral mining and processing and the battery supply chain as promising areas for delivering strong economic returns while supporting a secure energy transition. Finland has large deposits of cobalt, nickel, lithium, graphite and other critical minerals and is already a major producer of several of these materials.