Renewable energy and distributed energy production – The key solutions for energy business challenges
Renewable energy, together with increasingly distributed energy production, are the key solutions for addressing rapidly growing energy demand, and the need to counteract the environmental risks of energy production.
In 2007, the EU agreed on the so-called 20-20-20 objective, which includes increasing the share of renewable energy sources to 20% of the EU’s total consumption by 2020.
Renewable energy production methods utilize natural resources, such as the sun, the wind, flowing water, organic substances, as well as air heating and geothermal energy. These are all familiar to the businesses and research institutes of EnergyVaasa. Even though geothermal energy is now a commonly used heating source for private houses, a larger low energy network, utilizing heat from the sediments of the sea bed, was taken into use already in 2008 to serve the Suvilahti residential area of Vaasa. This low energy network was the first of its kind in Finland!
The electrification and automation of power plants using renewable energy sources also requires special competences. VEO is a renowned one-stop supplier of electrification and automation systems for bio power plants using solid fuel in the Nordic countries, Central Europe, and Great Britain.
The greatest growth potential among renewable energy sources, both in Finland and internationally, is in wind power. In 2010, the world’s wind power capacity exceeded 200 GW. In terms of produced energy, this is equivalent to approximately 100 average sized nuclear power plants. The annual growth is some 20%. In Finland, the aim is to produce more than 6 TWh energy with wind power by 2020. To put this into perspective, 6 TWh is equivalent to the electricity consumed by around 240,000 electrically heated houses.