LUT University has published a new energy report which provides an up-to-date overview of the changing world state's impacts on Finland's energy system. The first energy report was published during the early stages of the energy crisis in the spring of 2022. This time, the focus is on energy security, pricing, and sustainability.
"Reliability and cost-effectiveness of the energy system have a significant impact on the competitiveness of businesses and the national economy – and thereby also on the funding of public services. Energy’s central role in international crises cannot be overstated either," says Dean Olli Pyrhönen from LUT University.
In total, 31 experts from LUT School of Energy Systems contributed to the writing of the new energy report. The report is available both in Finnish and in English.
Flexibility of the energy system needs to be developed
The report focuses not only on the recent impacts of the energy crisis but also on the long-term effects of the energy transition. It analyzes Finland's sustainability goals and the opportunities and risks of the energy transition.
"For example, the increase in variable renewable energy, significant fluctuations in electricity prices, energy policy measures and the development of various technologies such as small modular reactors and hydrogen and power-to-x solutions, impact the energy transition," lists energy outlook's project manager Eeva-Lotta Apajalahti, associate professor specializing in energy and society.
According to Apajalahti, the technical flexibility of the energy system, infrastructure, and delivery reserve markets must be continuously developed to maintain energy security. At the same time, the role of citizens and energy communities as a part of the energy system should be improved to ensure that the energy transition happens as fairly as possible. In addition, enhancing biodiversity will also improve the sustainability of the energy system.
The energy outlook is based on scientific research
- The report provides reliable information on the current state and development of the energy system. Additionally, it describes various ways to produce energy.
- The authors are researchers of the energy system at LUT University.
- The report is meant for experts, decision-makers and the public.
- Comments, feedback, and interview requests can be sent to media@lut.fi. Our experts’ email addresses are in the format of firstname.lastname@lut.fi.
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LUT University is a leading university in energy research
- Over 300 energy researchers work at LUT School of Energy Systems.
- LUT’s energy research includes:
- Solar and wind energy
- Hydrogen economy and power-to-x technology
- Power electronics and high-speed technology
- Nuclear power and nuclear safety
- Bioenergy
- Smart grids and energy system IoT solutions
- LUT develops energy solutions in close cooperation with companies.
- Read more about topical energy-related research.
Experts of the energy outlook
Energy Security
Energy supply reliability: Esa Vakkilainen, Tero Tynjälä
Energy infrastructure: Hannu Karjunen
Raw materials and value chains: Christian Breyer
Balance between production and consumption: Esa Vakkilainen
Energy Pricing
The 2022 energy crisis: Samuli Honkapuro
Energy markets: Samuli Honkapuro
Formation of consumer electricity prices: Samuli Honkapuro
Energy Sustainability
Sustainability goals in Finland: Risto Soukka
Carbon dioxide emissions: Hannu Karjunen, Tero Tynjälä, Jouni Havukainen
Opportunities and risks of the energy transition: Esa Vakkilainen, Petteri Laaksonen
Role of citizens and energy communities: Eeva-Lotta Apajalahti
Energy Technologies
Bioenergy: Tapio Ranta, Esa Vakkilainen
Nuclear energy: Juhani Hyvärinen
Wind power: Petteri Laaksonen
Solar energy: Antti Kosonen
Heat pumps: Teemu Turunen-Saaresti
Hydrogen solutions: Tero Tynjälä, Pertti Kauranen, Jero Ahola, Petteri Laaksonen
Energy storage: Pertti Kauranen ja Teemu Turunen-Saaresti
Energy conservation and energy efficiency: Jero Ahola ja Esa Vakkilainen
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