July 25, 2019
The daily brief: 25 July 2019
Finnish wave energy pioneer Wello's commercially ready Penguin wave energy converter has arrived in Orkney, Scotland, ready for deployment.
All the daily Finnish business news that works: Stora Enso, Wärtsilä and Wello make headlines.
Stora Enso is building a pilot factory producing bio-based carbon materials for batteries in Finland and selling its stake in a Chinese paper mill, Wello’s commercially ready Penguin wave energy converter has landed in Scotland, and Wärtsilä has won an energy storage project in Southeast Asia.
Finnish company Stora Enso is investing 10 million euros in a pilot factory that will produce bio-based carbon materials for energy storage solutions. The materials will be based on lignin, one of the main building blocks of trees, and will be tested as replacements for fossil-based and mined raw materials in lithium-ion batteries used typically in automotives, consumer electronics and large-scale energy storage systems. The pilot facility is expected to be completed in early 2021 at Stora Enso’s Sunila Mill in Kotka, Finland. Stora Enso has also agreed to sell its 60 per cent-stake in the Dawang paper mill in China to its joint venture partner, Shandong Huatai Paper.
Finnish technology group Wärtsilä has been awarded an engineering, procurement and construction (EPC) contract for a 100 MW/100 MWh energy storage project in Southeast Asia. The energy storage system will be used for grid support purposes and will help provide part of the reliability needed for Southeast Asian countries to transition to carbon-free resources. The embedded Greensmith technology smooths the integration of renewables into the grid and makes it possible for grid operators to rely on renewables as baseload power.
Finnish company Wello’s first full-scale commercially ready Penguin wave energy converter (WEC2) has made its way to Orkney, Scotland, where it will be deployed. Wello tested its prototype, the Penguin WEC1, between 2010 and early 2019 in Orkney, where it survived over 18-metre waves and provided the groundwork for the commercially ready WEC2. The WEC2 features an improved mooring design and hull shape to maximise energy capture, as well as other quality-of-life improvements. The deployment will set the foundation for several large-scale international wave energy projects, including in China, India and Indonesia.
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