Smart Energy Transition - Realizing its Potential for Sustainable Growth for Finland's Second Century (SET)

Public description of the goals at the beginning of the project

New technologies disrupt the old rules of the energy system and lead to radical changes in the roles of producers and consumers, but also offer great opportunities. According to the IEA, the global energy transition creates a $50.000 billion market by 2035. The objectives of the Smart Energy Transition (SET) project are to (1) Analyse the technological disruptionin smart energy and its impacts on society and its growth spearheads: cleantech, digitalization and bioeconomy. (2) Explore how different sectors can benefit from the transition, considering the institutional framework, emerging business ecosystems, competence gaps identified in pilots and the economic impacts. (3) Co-create solutions by articulating the impacts of the disruptive technologies and the opportunities, testing transition arenas, integrating the project into relevant policy processes, interacting with stakeholders and the public and producing tools supporting new business creation.

Public description of the results at the end of the project

The SET project, alongside many others, has affected change in the energy field by providing new knowledge of transition technologies, such as renewable energy, solutions for heating systems and buildings, and power-to-X-technologies. SET supported the uptake of new technologies by supporting and analysing learning from energy experiments and initiated co-creation by organizing transition arenas. In addition, SET analysed and evaluated the impact of public policy and institutions on energy transition and explored business models of demand response. The SET project collaborated actively with users of results and sought to help decision makers and businesses to understand the transition and benefit from it. The policy briefs of the project focused on topical themes, and in various discussions that were organized, challenges of the energy transition were highlighted from many angles. Smart Energy Transition 2 During the project the amount of renewable energy has increased in the energy system, measures based on the district heating vision have started in cities, and power-to-X has progressed from a utopia to piloting. In addition, smart and clean energy business activities are growing.