Finland prime battery technologies

Who is prime batteries technology?

Prime Batteries Technology, a breakthrough developer, manufacturer and distributor of lithium-ion batteries and bespoke storage systems, has signed an investment agreement today with EIT InnoEnergy, the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology (EIT), a body of the European Union.

Is industrial production a good idea for batteries in Finland?

Industrial production is not the be all and end all for batteries here in Finland. Other companies, such as Finnish renewable material producer Stora Enso, are coming up with novel solutions. The company has signed an agreement with Swedish battery developer and producer Northvolt to develop wood-based batteries.

What are some small-scale battery innovations in Finland?

Other smaller-scale battery innovations in Finland are also gathering momentum. Polar Night Energy and Vatajankoski recently teamed up to create a sand-based thermal energy storage system. In what is touted as a world first, the solution converts electricity to heat which is stored in the sand to be used in a district heating network.

Is Finland a leader in the battery industry?

GigaVaasa / Facebook Finland is placing itself at the forefront of the battery sector, boosted by recent significant investments in industrial production and green innovations. In early 2021, Finland outlined a national battery strategy aspiring to elevate its industry to pioneering status by 2025.

Why did EIT InnoEnergy invest in prime batteries technology?

The investment formalises EIT InnoEnergy as a shareholder in Prime Batteries Technology that will support the company in achieving its ambition to scale up annual production output to 8GWh, attracting and accessing talent, and paving the way for it to become one of the success stories of the European battery value chain.

Is battery power a green solution for Finland?

Numerous innovations have thus emerged in Finland across various sectors to help reach these goals, yet the omnipresence of battery power in meeting the needs of wider green ambitions has placed greater emphasis on developing value chains for such that don’t drain the Earth’s resources.