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Our latest Energy Transition Talks podcast explores the future scenarios that Fingrid (Finland’s state-owned transmission network operator) develops to improve their strategic planning and keep them on course to meet Finland’s net-zero targets. Fingrid executives Mikko Heikkilä, head of strategic grid planning, and Risto Kuusi, senior expert in strategic planning, speak with our CGI energy industry lead in Finland about the goals and benefits of their scenario planning approach.
Future scenarios all meet carbon neutrality targets
Fingrid’s future scenarios are a novel, efficient way to project the future using a probabilistic approach of what might happen and how to prepare. The scenarios have implications for Finnish energy markets as well as in the Nordics and more broadly in Europe.
As part of their every-second-year planning cycle for their main grid, Fingrid drafted four scenarios for the future to ensure the grid will serve its purpose. A common driver for all scenarios is meeting Finland’s target to become carbon neutral by 2035.
The four scenarios are:
1. Power to products, which assumes that Finland becomes a major industrial hub for power to products like fuels, materials and chemicals.
2. Hydrogen from wind, which assumes that Finland becomes a major exporter of green hydrogen.
3. Windy Seas, which looks at large-scale expansion of offshore wind compared to onshore wind in the other scenarios.
4. Local power, which looks at distributed solar, distributed batteries and even small modular nuclear power in Finland in 2035.
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