Lounavoima / Environment / Development projects

DEVELOPMENT PROJECTS

Lounavoima is a partner in innovative circular economy and energy solutions. The company actively promotes solutions that support its shareholders’ objectives for example in material recycling.

The City of Salo has elevated the circular economy hub that centres around the waste-to-energy plant to the status of key project. The circular economy is an opportunity for diversifying the city’s economic structure.

Heat for the winter from deep heat storage

Salo has taken a new step towards more emission-free heat production. On the site of the Korvenmäki WtE plant, a heat storage facility has been drilled into the bedrock to store the excess heat generated during summer production. The stored heat is used when heat demand is at its highest.

The thermal heat storage project has been implemented between 2021 and 2025, with the first well at a depth of 1.6 km and the other five wells at a depth of 2 km. The thermal storage of the six deep wells will produce 8-14 GWh of heat per year, which is equivalent to the annual heating demand of 400-700 private houses.

The Finnish Ministry of Economic Affairs and Employment gave the Lounavoima heat storage project an investment grant. This financing was intended for renewable energy projects that offer cutting-edge energy solutions that can help in meeting Finland’s and the European Union’s targets for 2030.

Lounapuisto circular economy park 2021-2023 (EAKR)

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The project has ended, but the development of Lounapuisto continues. Read more on the Lounapuisto website www.lounapuisto.fi.

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The aim of the project was to develop the area of Korvenmäki and Metsäjaanu into a significant circular economy hub and part of the network of circular economy parks in Southwest Finland. The project drew up a shared vision for the region, assessed future markets and launched an open collaborative circular economy ecosystem between companies, actors and universities. The result was Lounapuisto, which is profiled as an innovative circular economy environment, an attractive location for cleantech and environmental companies, and a testing environment for new solutions.

Yrityssalo manages a project with Turku UAS, the University of Turku and Lounavoima Oy as co-executors. The implementation period of the project was 1 December 2021 31 August 2023. The project began operations in January 2022. The project received ERDF funding.