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Progress in Kilpilahti excess heat project – could supply quarter of the district heating demand of the Helsinki region

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

17.01.2020

Planning of City Refinery is making progress – project is boosted by decision on MEAE aid

Planning of City Refinery is making progress – project is boosted by decision on MEAE aid

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.  

02.01.2020

Helen Ltd and Suomen Kaasuenergia Oy launch a joint construction project on Mannerheimintie on 4 December 2019

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.

04.12.2019

New price period for district heat begins and energy fee for district heat decreases

New price period for district heat begins and energy fee for district heat decreases

The energy fee for district heat for the winter season will decrease from the same period last year by 10.4%. The energy fee for the period 1 January – 29 February 2020 will be 65,92 e/MWh (including VAT 24%)

29.11.2019

Helen to close the Vanhankaupunginkoski hydropower plant

Helen to close the Vanhankaupunginkoski hydropower plant

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.

29.11.2019

Helen investigates possibilities of geothermal heat in Helsinki

Helen investigates possibilities of geothermal heat in Helsinki

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.

28.11.2019

Juha-Pekka Weckström appointed President and CEO of Helen as of 1 April 2020

Juha-Pekka Weckström appointed President and CEO of Helen as of 1 April 2020

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.

12.11.2019

Impact of postal strike at Helen

Impact of postal strike at Helen

A strike affecting mail delivery started on Monday, 11 November. Helen’s bills and other letters will be sent out as normal.

08.11.2019

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 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.

07.11.2019

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 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.

06.11.2019