Cactos Fleet Finland

A functioning, balanced and carbon-free energy system is key to the security of the energy supply and green transition in Finland. As the electrification of society continues, energy production will be on the brink of a major transformation during the coming decades in terms of both volume and structure of production.

The smart energy storages manufactured by Cactos support the infrastructure of the future electricity system, especially in demand-side flexibility and support for electricity grid. Cactos Fleet Finland infrastructure fund primarily invest in energy storage systems installed in buildings. In addition to their grid-level duties, these systems can, for example, cut a building’s peak power and provide back-up power. The stored clean energy can be discharged during peak price hours, when it typically replaces fossil energy production.

The benefits of the smart energy storage systems manufactured by Cactos Oy include a cloud service that controls the energy storage remotely. With the programme, an energy storage system can be automatically charged and discharged during optimal hours based on different data sources, such as weather forecasts and local consumption. In addition, Cactos fund provides the energy storage systems as a service to customers which consequently enables quick deployment.

The Climate Fund’s investment decisions are guided by a set of criteria emphasising impact, against which every case applying for funding from the company is evaluated. Preconditions for funding include a credible plan for repayment of the investment, alignment with the six environmental objectives of the EU’s sustainable investment network, i.e. the “do no significant harm” principle, and that with Climate Fund’s investment the project will be realised earlier, on a larger scale or in the first place. When the preconditions are met, the final selection will be made based on impact criteria, such as emissions reduction potential.

Cactos Fleet Finland Ky is a ‘light green’ fund, as defined in Article 8 of the Sustainable Finance Disclosure Regulation of the EU, which means that its investments promote environmental characteristics. The solution reduces emissions directly by replacing fossil energy with energy stored during green production. However, it is not meaningful to compare the direct emission reductions, as the intended effect is created, in particular, by the significant indirect role of energy storage systems as decarbonisation enablers in an electrifying society. Energy storage systems support stable and disruption-free operation of the distribution grid and boost growth of locally produced renewable energy in Finland.

The EUR 5 million investment in the fund by the Finnish Climate Fund will be used to accelerate the deployment of energy storage systems in Finland, supporting the electrification of society and the development of infrastructure that is crucial to the energy system of tomorrow.