Finland coal energy storage center

Does Finland have a nuclear waste disposal facility?

The Onkalo nuclear waste disposal facility, under construction near the Olkiluoto nuclear power plant, is expected to start operating in 2025 and will be the world’s first permanent geological disposal facility for spent nuclear fuel and high-level radioactive waste. Finland does not have any uranium mining or nuclear fuel enrichment facilities.

Does Finland have a battery supply chain?

Finland’s government sees critical mineral production and the battery supply chain as promising areas for economic development that also support energy transitions. Finland has large deposits of cobalt, nickel, lithium, graphite and other critical minerals – and is home to the only company outside China supplying cobalt for lithium-ion batteries.

What kind of energy does Finland use?

Finland has no domestic fossil fuel production and all supplies of crude oil, natural gas and coal are imported. The energy intensity of the economy and energy consumption per capita are both very high due to the country’s relatively large heavy industry sector and the high heating demand from its cold climate.

Does Finland have uranium mining or nuclear fuel enrichment facilities?

Finland does not have any uranium mining or nuclear fuel enrichment facilities. However, Terrafame, a 70% state-owned mining company, has been working to establish a facility to produce yellow cake uranium at a mine in the Kainuu region that produces nickel and other metals for batteries.

What percentage of Finland's energy supply is based on fossil fuels?

In 2021, fossil fuels covered 36% of Finland’s total energy supply (TES), the second-lowest share among IEA countries and much lower than the IEA average of 70%. Finland has no domestic fossil fuel production and all supplies of crude oil, natural gas and coal are imported.

How much energy does Finland import from Russia?

In 2021, Finland spent EUR 10.1 billion on energy imports, with EUR 5.3 billion going to imports from Russia. By share of spending, Russia accounted for 81% of Finland’s crude oil net imports, 75% of its natural gas, 52% of its coal and 51% of its electricity net imports. Russia accounted for 25% of wood chips imports for energy use.