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Nordic Energy Market
Nordic electricity market is a common market for electricity in the Nordic countries. It is one of the first free electric-energy markets in Europe and is traded in NASDAQ OMX Commodities Europe and Nord Pool Spot. In 2003, the largest market shares were as follows: Vattenfall 17%, Fortum 14.1%, Statkraft 8.9%, E.on 7.5%, Elsam 5%, Pohjolan Voima 5%. Other producers had 42.5% market share. Denmark From 1999 and onwards, Denmark is a net exporter of fossil energy.Pedersen, Peder JFactsheet Denmark''Ministry of Foreign Affairs (Denmark)'', 2008. Retrieved: 25 September 2010. Wind power in Denmark Wind power provided 18.9% of electricity production and 24.1% of generation capacity in Denmark in 2008, Denmark was a pioneer in developing commercial wind power during the 1970s, and today almost half of the wind turbines around the world are produced by Danish manufacturers such as Vestas and Siemens Wind Power along with many component suppliers.
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Electricity Market
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service (like sewerage) into a tradable good (like crude oil). As of 2020s, the traditional markets are still common in some regions, including large parts of the United Stat ...
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District Heating
District heating (also known as heat networks or teleheating) is a system for distributing heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heating and water heating. The heat is often obtained from a cogeneration plant burning fossil fuels or biomass, but heat-only boiler stations, geothermal heating, heat pumps and central solar heating are also used, as well as heat waste from factories and nuclear power electricity generation. District heating plants can provide higher efficiencies and better pollution control than localized boilers. According to some research, district heating with combined heat and power (CHPDH) is the cheapest method of cutting carbon emissions, and has one of the lowest carbon footprints of all fossil generation plants. Fifth-generation district heat networks do not use combustion on-site and have zero emissions of CO and NO on-site; they employ heat tra ...
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AREVA
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state. As a part of the restructuring program following its insolvency, Areva sold out or discontinued its renewable energy businesses, sold its reactors business subsidiary Areva NP (now: Framatome) to EDF and its nuclear propulsion and research reactors subsidiary Areva TA (now: Technicatome) to Agence des participations de l'État, and separated its nuclear cycle business into a separate company New Areva (later: Orano). ...
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Olkiluoto Nuclear Power Plant
The Olkiluoto Nuclear Power Plant ( fi, Olkiluodon ydinvoimalaitos, sv, Olkiluoto kärnkraftverk) is one of Finland's two nuclear power plants, the other being the two-unit VVER Loviisa Nuclear Power Plant. The plant is owned and operated by Teollisuuden Voima Oyj (TVO), a subsidiary of Pohjolan Voima, and is located on Olkiluoto Island, on the shore of the Gulf of Bothnia, in the municipality of Eurajoki in western Finland, about 20 kilometres from the town of Rauma and about 50 kilometres from the city of Pori. The Olkiluoto plant consists of two boiling water reactors (BWRs), each producing 890  MW of electricity, together comprising 22% of the country's electricity generation for 2020. A third reactor, Unit 3, reached first criticality in late 2021, and at a nameplate capacity of 1,600 MW net electric output, will by itself satisfy 14% of the country's electricity demand. Unit 3 is an EPR reactor and has been under construction since 2005. The start of commerc ...
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Otaniemi
Otaniemi ( Finnish), or Otnäs ( Swedish), is a district of Espoo, Finland. It is located near the border of Helsinki, the capital of Finland. Otaniemi is located on the southern shore of the Laajalahti bay, next to the district of Tapiola near the border to Helsinki. It is part of the Greater Tapiola major district. Otaniemi and Tapiola are separated by the Ring I beltway. The Aalto University metro station, located in Otaniemi, was taken into use in 2017. Otaniemi is the home of Aalto University's campus, thus "Otaniemi" is often used as a synonym for Aalto. However, several research and business facilities are also located in Otaniemi. The most prominent institutions for science and engineering in Otaniemi are the VTT Technical Research Centre of Finland and the Geological Survey of Finland (GTK). Business is represented in the area by the business incubator Technopolis. In 2010, Otaniemi became home to Aalto University, formed from the merger of the Helsinki University of ...
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Teollisuuden Voima
Teollisuuden Voima Oyj (TVO; sv, Industrins Kraft Abp, Industrial Power Corporation) is a Finnish nuclear power company owned by a consortium of power and industrial companies. The biggest shareholders are Pohjolan Voima and Fortum. The company operates Olkiluoto Nuclear Power Plant, which consists of two BWRs (boiling water reactors), an EPR (European Pressurized Reactor) which reached first criticality in 2021, and one half of a coal-fired power plant along with a wind farm. The third reactor at Olkiluoto was expected to be ready in 2009, but last estimate is 2021. TVO has filed compensation claim for delays, and Areva-Siemens have counter-claimed against TVO. Arbitrators at the International Chamber of Commerce are considering the claims. On 21 April 2010, the Government of Finland decided to grant a permit for construction of fourth reactor at Olkiluoto. The decision was approved by the Parliament on 1 July 2010. In 2014 this permit expired, and was not renewed ...
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Saimaa
Saimaa ( , ; sv, Saimen) is a lake located in the Finnish Lakeland area in southeastern Finland. At approximately , it is the largest lake in Finland, and the fourth largest natural freshwater lake in Europe. The name Saimaa likely comes from a non-Uralic, non-Indo European substrate language. History It was formed by glacial melting at the end of the Ice Age. Major towns on the lakeshore include Lappeenranta, Imatra, Savonlinna, Mikkeli, Varkaus, and Joensuu. About 6000 years ago, ancient Lake Saimaa, estimated to cover nearly at the time, was abruptly discharged through a new outlet. The event created thousands of square kilometres of new residual wetlands. Following this event, the region saw a population maximum in the decades following only to later return to an ecological development towards old boreal conifer forests which saw a decline in population. Topography The Vuoksi River flows from Saimaa to Lake Ladoga. Most of the lake is spotted with islands, and narrow can ...
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Hydropower
Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to produce electricity or to power machines. This is achieved by converting the gravitational potential or kinetic energy of a water source to produce power. Hydropower is a method of sustainable energy production. Hydropower is now used principally for hydroelectric power generation, and is also applied as one half of an energy storage system known as pumped-storage hydroelectricity. Hydropower is an attractive alternative to fossil fuels as it does not directly produce carbon dioxide or other atmospheric pollutants and it provides a relatively consistent source of power. Nonetheless, it has economic, sociological, and environmental downsides and requires a sufficiently energetic source of water, such as a river or elevated lake. International institutions such as the World Bank view hydropower as a low-carbon means for economic development. Since ancient t ...
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Oil Shale
Oil shale is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be produced. In addition to kerogen, general composition of oil shales constitutes inorganic substance and bitumens. Based on their deposition environment, oil shales are classified as marine, lacustrine and terrestrial oil shales. Oil shales differ from oil-''bearing'' shales, shale deposits that contain petroleum ( tight oil) that is sometimes produced from drilled wells. Examples of oil-''bearing'' shales are the Bakken Formation, Pierre Shale, Niobrara Formation, and Eagle Ford Formation. Accordingly, shale oil produced from oil shale should not be confused with tight oil, which is also frequently called shale oil. Deposits of oil shale occur around the world, including major deposits in the United States. A 2016 estimate of global deposits set the total world resources of oil shale equivalent of of oil in pla ...
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Estonia
Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, and to the east by Lake Peipus and Russia. The territory of Estonia consists of the mainland, the larger islands of Saaremaa and Hiiumaa, and over 2,200 other islands and islets on the eastern coast of the Baltic Sea, covering a total area of . The capital city Tallinn and Tartu are the two largest urban areas of the country. The Estonian language is the autochthonous and the official language of Estonia; it is the first language of the majority of its population, as well as the world's second most spoken Finnic language. The land of what is now modern Estonia has been inhabited by '' Homo sapiens'' since at least 9,000 BC. The medieval indigenous population of Estonia was one of the last " pagan" civilisations in Europe to adopt Ch ...
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Wood
Wood is a porous and fibrous structural tissue found in the stems and roots of trees and other woody plants. It is an organic materiala natural composite of cellulose fibers that are strong in tension and embedded in a matrix of lignin that resists compression. Wood is sometimes defined as only the secondary xylem in the stems of trees, or it is defined more broadly to include the same type of tissue elsewhere such as in the roots of trees or shrubs. In a living tree it performs a support function, enabling woody plants to grow large or to stand up by themselves. It also conveys water and nutrients between the leaves, other growing tissues, and the roots. Wood may also refer to other plant materials with comparable properties, and to material engineered from wood, or woodchips or fiber. Wood has been used for thousands of years for fuel, as a construction material, for making tools and weapons, furniture and paper. More recently it emerged as a feedstock for the ...
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