Finland

Like Norway, no

... upper Finland.

Yeah.

Over there, wow, that's fucking...

...

Finland.

Oh, right.

Um, and that, this one is brutal-

In international news, Sweden's election results remain unclear, but this morning's trend points to a win for the Social Democrats, with the latest projections giving them 176 of the 349 seats.

EU leaders are meeting for an Arctic Summit in Finland focused on a new strategy for the region amid growing geopolitical competition from Russia, China, and the United States.

And Marine Le Pen launched her French presidential campaign yesterday, seven months ahead of the election, under the slogan, "Priority for the French." For more on these stories and for the latest news and updates, head to rtltoday.lu.

It's going to be a foggy, cloudy, and occasionally sunny day in Luxembourg.

The AfD looks set for the biggest gains overtaking the Greens.

EU leaders are meeting for an Arctic summit in Finland, focused on a new strategy for the region amid growing geopolitical competition from Russia, China and the US.

Council President Antonio Costa and Foreign Policy Chief Kaja Kalas are attending, along with German Chancellor Merz, Polish Prime Minister Tusk and several Nordic leaders.

In France, Marine Le Pen launched her presidential campaign yesterday, seven months ahead of the election, under the slogan Priority for the French.

Sweden's election results remain unclear, but this morning's trend points to a win for the Social Democrats, with the latest projections giving them 176 out of the 349 seats.

EU leaders are meeting for an Arctic summit in Finland, focused on a new strategy for the region amid growing geopolitical competition from Russia, China and the US.

And Marine Le Pen has launched her French presidential campaign seven months ahead of the election under the slogan Priority for the French.

For more on these stories and for the latest news and updates, head to rtltoday.lu. It's going to be a foggy, cloudy and occasionally sunny day in Luxembourg.

go.

Half of the band's over in Finland, half of us are over here.

There you go.

There you go.

Yeah.

No, that's awesome.

So how did you come to be half from Finland and half Aussie? That's, um, that's a

very

So the country's electricity systems maturity in terms of batteries that we are discussing.

So let's say in Finland, where we began and where Daaleri also has a large scale battery investment.

In the beginning, let's say three years ago, for example, most of the earnings, most of the net revenue came from the ancillary services.

from these capacity markets where you give to the grid operator a promise, so to speak, or insurance that the battery can charge or discharge on this moment if the grid needs it.

But then also more renewables are coming online.

The market is shifting towards arbitrage and energy trading more and more.

In Finland, for example, where both Teleri and Capelo AI are based, most of the revenue now comes from that energy arbitrage.

Buy low in the day market and sell high to the evening peak, for example.

Sure.

I think Finland and New Zealand are interesting ones because I get the question quite a lot because we also help operators go into Finland and into New Zealand.

But I'm not so optimistic at all anymore about those markets.

I think Finland is dead on arrival.

Tell us a little bit about

that.

What is it about the Finland system that makes it dead on arrival?

If you just look at the numbers where you see the amount of applicants that we have right now in there versus the population that is in there, that's just an easy sum.

Look at the Arctic.

The European Arctic Summit in Finland just wrapped, and they're pivoting to a security-first doctrine.

They're funding military mobility in the high north to counter Russia

and China.