Balancing power solutions
The share of renewable energy in the power grid is increasing significantly. As a production form with limited adjustability, renewable energy requires support from adjustable electricity production and consumption. In the future, the importance of peak and backup power solutions will only grow in energy systems as wind and solar power production increases. Examples of balancing power include hydropower, CHP plants, and gas engines and turbines.
EPV plans to build a gas-engine power plant next to the circular economy facility in Southwest Finland
Wega Group and EPV Energy have signed a letter of intent for the development of a gas-engine power plant project to be located alongside the circular economy facility in the municipality of Oripää, Finland. The main product of the circular economy facility, developed by Wega, will be liquefied bio- and e-methane, which will be utilized in industry, transportation, and energy production. The end product of the facility can be stored and used as the fossil-free primary fuel for the gas-engine power plant planned by EPV. The estimated total electrical output of the power plant would be 40–50 MW.
More balancing power and flexibility
EPV Energy’s subsidiary, Tornion Voima, plans to invest in a new gas-engine power plant. It will be capable of rapidly increasing electricity generation during various disruptions and unpredictable weather conditions. The total capacity of the engine power plant is about 43 MW. The construction work started in autumn 2024, and the completed power plant will become operational in 2026.
EPV is exploring the construction of a gas engine power plant in Lappeenranta
The gas-engine power plant, currently in the permitting phase, would be able to support electricity production during various disturbances and unstable weather conditions. EPV Energy (EPV) has made a preliminary agreement with Lappeenrannan Energia regarding project development. The estimated total electrical capacity of the engine power plant would be approximately 40–45 MW.