Käyttö ja kunnossapito -ajankohtaispäivät Oulussa 3.-4.9.2025

Syncron Tech will be participating in the Käyttö ja kunnossapito -ajankohtaispäivät organized by Finnish Renewables on September 3–4 in Oulu!

Participating in the electricity reserve market can be beneficial for renewable energy power plants that produce a lot of electricity, as it provides an opportunity to support the electricity grid and be compensated for providing the reserve. With the help of the reserve market, you can diversify the earning models of the production unit and make more versatile use of the investment. In this blog, I discuss a little about how renewable energy sites and electricity storages can be utilized in accordance with the latest technologies and how to get familiar with the matter.

Syncron Tech participates at Wind Finland 2023 event, which will be held at Kaapelitehdas in Helsinki on October 4, 2023. Wind Finland is the most significant wind power-focused event in Finland, and this year, the event is expected to have over 700 participants from more than 12 different countries.

The energy transition, a revolution, is shaping the electricity market at a frantic pace. The game's rules are changing, and new resources, marketplaces, services, and actors exist. In the past, electricity producers anticipated electricity demand and price levels based on their solid experience and planned electricity production accordingly. This is changing and has already changed. The electricity supply from renewable sources varies regardless of demand, increasing price volatility in the electricity market. Price spikes tend to pass through the entire electricity supply chain over time, which is apt to encourage end users to plan their consumption. With more adaptively planned consumption, factories can significantly reduce the average price of purchased electricity already - and this development is getting stronger.

Wind power on the rise Wind power is being built in Finland at an accelerating pace. According to the Finnish Wind Power Association's statistics, there are over 50,000 megawatts worth of wind power projects at various stages in Finland. As wind power increases rapidly, it occasionally covers a significant part of the electricity system's production. However, the production and consumption of the electricity system must be constantly balanced. Such situations pose challenges for maintaining balance. Wind power can also be part of the solution to these challenges. At the same time, opportunities open up for more versatile use of wind power in the energy system, rather than just producing energy. Correspondingly, the economic potential for return on investment increases when wind turbines can be used for multiple purposes.

Syncron Tech participates at Energia 2022 Event, which is the main Event of Energy in Finland, 25-27 Oct 2022 in Tampere.

Until lately process industry has operated in an environment of reasonably predictable costs of energy. However, the recent turmoil in prices of natural gas and electricity is only adding to the impact of longer-term global trends in the energy markets, creating challenges to the industry.

Wind farms are being built all over Finland, perhaps with the exception of the easternmost regions, and solar power is gaining popularity, both among private households and on an industrial scale. At the same time, Fingrid is building new connections and substations. Grid energy storage is increasing at an accelerating pace, especially in terms of capacity. These developments are somehow linked.

At power plants, the process data generated by control automation is widely collected and stored, but is the collected data utilised to its full extent?