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Progress in Kilpilahti excess heat project – could supply quarter of the district heating demand of the Helsinki region
In 2019, Neste and Borealis, both operating in Kilpilahti, Porvoo, the southern coast of Finland, conducted a preliminary study together with energy companies in the Helsinki Metropolitan area. The preliminary study examined the utilization of excess heat from Kilpilahti production plants in the production of district heating. The excess heat project will now proceed to the feasibility study phase. According to preliminary estimates, the implementation of the project would cost EUR 700–1,000
The planning of the City Refinery, a joint venture by Helen, Lassila & Tikanoja and VTT, is making progress. The Ministry of Economic Affairs and Employment (MEAE) has granted energy aid to Helen for the City Refinery project where renewable raw materials can be processed from non-recyclable materials and utilised in the transport and materials sectors. The City Refinery is planned for Vuosaari.
Helen Ltd and Suomen Kaasuenergia Oy launch a joint construction project on Mannerheimintie on 4 December 2019
Over the coming winter, Helen Ltd and Suomen Kaasuenergia Oy are building new extensions to the district cooling and natural gas network in the Ruskeasuo area at the north end of Mannerheimintie, between 116 Mannerheimintie - Ruskontie - Nauvontie.
Helen will close down the energy production use of the Vanhankaupunginkoski power plant museum. The museum power plant has no national significance in terms of energy production: however, the plant and especially the dam in the Vanhankaupunginkoski Rapids have harmful impacts on the ecosystem and migrating fish stocks in the river.
Helen is investigating the possibilities for utilising geothermal heat. Central Park (Keskuspuisto) is one of the areas where geological explorations will be carried out jointly with GTK. This is the first time a geological survey is conducted in an urban area to such depth.
Helen’s President and CEO Pekka Manninen will retire in spring 2020: Juha-Pekka Weckström will take up the position of President and CEO on 1 April 2020.
A strike affecting mail delivery started on Monday, 11 November. Helen’s bills and other letters will be sent out as normal.
Helen prepares to invest up to 50 million euros in growth companies disrupting the energy industry - Helen Ventures aims to accelerate the industry-wide transformation
Helen Ltd has launched a new investment operation, Helen Ventures, which aims to team up with start-up partners in accelerating the transformation of the energy industry. Helen Ventures will be a strategic investor supporting the growth companies that are disrupting and renewing the energy industry. Helen's investment will amount to EUR 50 million over the first five years.
Helen’s profit trend continues at a good level – waste heat is utilised to a higher degree in cooperation with a key customer
Helen’s profit trend has continued at a good level in the third quarter, with successful measures in the electricity market playing a key role. Helen continues its business transformation in accordance with the strategy set out in the spring.
Helen is improving energy efficiency in the district heating network by acquiring a digital control system that optimises the district heating network. The system will enable the reduction of both emissions and costs.