VTT Technical Research Centre of Finland has joined forces with Lappeenranta University of Technology and the Finland Futures Research Centre at the University of Turku in the launch of a development project for a new energy system and its associated business sector in Finland.
The NEO-CARBON ENERGY project, targeting the storage of solar and wind energy, has been granted strategic funding by Tekes (the Finnish Funding Agency for Innovation). Total budget of the project is € 7 million. Tekes has granted a funding of € 5 million for 2014-2016. This multidisciplinary research project focuses on the operating principles, technologies and social impacts of the system. It aims to generate a view of the needs of an emission-free energy system primarily based on solar and wind power, the system's business opportunities and its societal implications. The project is divided into three parts: futures research related to global challenges and energy systems; the development of energy systems, and the enhancement of competencies related to the development of energy storage technologies.
