Hydrogen enables clean transition – and requires large investments
15.12.2023 14.33
Hydrogen is the fuel of the stars and makes our life possible. Humanity, however, is still in its infancy in harnessing fusion nuclear power as an energy source, so the role of hydrogen on Earth is different - at least for the moment. Traditionally, it already works as a raw material for many industrial processes, for example oil refining. A new, climate-based need is to utilize clean hydrogen in industrial processes that replace fossil-based production.
Radical events in the Finnish gas market - security of supply ensured
6.11.2023 13.50
It's only been four years since Finland's natural gas imports were entirely dependent on the Russian pipeline connection. At the beginning of 2020, the Balticconnector between Finland and Estonia was commissioned, and a year ago, in the conditions of energy crisis, so was the floating LNG terminal in Inkoo. In an amazingly short time, Finland has changed gas monopoly to global LNG market. After the Balticconnector pipeline breach in October 2023, the task is to secure steady deliveries of gas over the winter.
Reforming the utilisation and regulation of nuclear energy
31.8.2023 9.59
This year, more than 40 per cent of Finnish electricity is produced with nuclear energy. In the future, nuclear energy can also be produced in smaller units and used for new purposes, such as heating industry and buildings. A new outlook for the sector's activities requires a new approach also in the administration, writes Head of Unit Juho Korteniemi.
Welcome to Finland, international experts and entrepreneurs
24.8.2023 8.30
Finland needs international workforce to respond to the labour market demand and the shortage of skilled employees. In order for international experts to come to work in Finland, our country must be able to attract and retain both employees and employers.
Investments and the Western market replaced Russian energy - prices reflect the new reality
4.8.2023 12.13
Before Russia's invasion of Ukraine in February 2022, approximately one third of the energy used in Finland was imported from Russia. That share was reduced almost to zero in a few months, and the energy war launched by Russia increased consumer prices remarkably. As the energy markets have changed, it is the time to look how Russian energy was replaced and what more permanent effects trade changes will have, writes Director General Riku Huttunen in his column.