Fingrid secures transmission capacity for growth in electricity consumption and new industrial investments – restrictions on new energy storage facility connections continued in southern Finland

There will be a shortage of grid connection capacity in southern Finland in the coming years. Fingrid’s objective is to ensure that there is sufficient connection capacity to meet the growth in electricity consumption in households, the service sector and industry, as well as new industrial investments that generate economic growth. As a result, Fingrid will continue to restrict the connection of new grid energy storage facilities in southern Finland until 2029. Location is of little importance for the commercial operation of energy storage facilities, and there are plenty of connection opportunities for grid energy storage elsewhere in Finland.

Last winter, Fingrid announced that no new electricity consumption and grid energy storage could be connected to the consumption-dominated southern Finland before the beginning of 2027. The restriction will now be continued for grid energy storage until 2029, when the new Hikiä-Toivila grid connection that will increase connection capacity in southern Finland is completed. This will ensure that there is sufficient connection capacity to meet the growth in electricity consumption in households, the service sector and industry, as well as new industrial investments that generate economic growth.

Fingrid is exploring new ways to connect grid energy storages to southern Finland earlier than currently announced, such as flexible connections.

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Originally published on 26 Sep

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Hollister Incorporated boosts Lithuanian presence with 100 new hires

By Invest Lithuania 14 January 2025

US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.

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Originally published on 14 Jan

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Estonia opened Business Hub in Washington D.C.

By Trade with Estonia 17 October 2024

Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.

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Originally published on 17 Oct

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