August 29, 2019
The daily brief: 29 August 2019
Timber! Metsä Wood's laminated veneer lumber is used in the Verksbyen green neighbourhood project in Norway.
All the daily Finnish business news that works: Reactive Technologies, Metsä Wood, Neste and Yonoton make headlines.
Reactive Technologies is supporting the UK’s shift to renewable energy, Metsä Wood is involved in creating a green neighbourhood in Norway, Neste is widening the reach of its renewable diesel in California, and Yonoton has bagged over one million euros in innovation funding.
Finnish company Reactive Technologies has signed a six-year deal with National Grid ESO to measure grid inertia for the first time across the UK. National Grid ESO is the first system operator in the world to start real-time inertia measurements using Reactive Technologies’ Gridmetrix service. Accurate inertia measurement is becoming increasingly important as the transition to a renewable energy mix causes new challenges to grid stability.
Metsä Wood’s laminated veneer lumber is being used to construct five five-storey apartment buildings in Verksbyen, a new green neighbourhood in Norway’s Fredrikstad. Verksbyen could become home to 5 000 people in the next decade, and it showcases the future of sustainable living according developer Arca Nova Bolig’s vision. Building with prefabricated elements is faster and more sustainable than traditional methods that use steel and concrete. The neighbourhood’s energy needs will be fulfilled with solar power.
Three new commercial fuelling sites offering Neste’s MY Renewable Diesel have opened for fleet drivers in Northern and Central California. Neste’s renewable diesel is produced completely from renewable and sustainable materials and can cut greenhouse gas emission by up to 80 per cent compared to fossil diesel. The first Neste renewable diesel fuelling site in the US state opened in San Leandro in March 2019.
Finnish technology startup Yonoton has been selected for public organisation Business Finland’s Young Innovative Company Funding programme and received 1.25 million euros in financing. Yonoton offers digitalisation help to its customers, and its services are used annually at over 3 500 event venues ranging from restaurants, theme parks and shops to mass event venues. The Finnish startup will use the fresh funding to accelerate its global growth and hire new personnel.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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