FINLAND'S NEW BATTERY STRATEGY TO SUPPORT CLIMATE GOALS
Finnish government announced a new strategy to strengthen Finland's competitiveness in battery sector and to promote climate goals
January 27, 2021 09:00 EET
Helsinki, Finland – The electrification of society and the solutions offered by the battery industry will have a significant impact on how climate objectives can be achieved. The National Battery Strategy presents how Finland will become a competitive, competent, and sustainable player in the international battery industry. The Strategy is founded on the promotion of responsible battery production and electrification.
Finland has many strengths to succeed in the battery sector and electrification. The cornerstones of the Battery Strategy announced by Ministry of Economic Affairs and Employment (MEAE) include the availability of raw materials and the capability to process them, expertise in research and production of battery materials and recycling, and competence in electrification and digitalization. Finland also wants to promote the circular economy of batteries.
The Strategy's vision is that in 2025 the Finnish battery cluster will lead the way in producing innovations, sustainable economic growth, wellbeing, skills, and jobs in Finland. The objectives of the strategy include renewing and investing in the battery and electrification cluster, promoting competitiveness in the sector, speeding up the development with digital solutions, and having responsibility as a key part of the growth, renewal and brand of the Finnish battery and electrification sector.
Several measures are proposed to achieve these objectives, including the establishment of a new national cooperation body, which would be responsible for bringing together operators in the battery sector and for implementing the strategy. Other measures include improving competence through a training program for battery engineers, creating a plan for a research program focusing on the needs of the battery sector, appointing envoys to market Finland as a destination for battery investments and developing public funding.
“The new Battery Strategy further strengthens the role of Geyser Batteries as an important player at the Finnish – and furthermore global – battery market. Our solutions are both safe and sustainable, they are high-performing and reliable, and present everything that this strategy aims at. Having the support of Finnish Government encourages us to further develop our electrification solutions for heavy-duty applications”, said Andrey Shigaev, CEO of Geyser Batteries Oy.
Anu Rousku, Business Development and General Administration Manager
Maria 01, Lapinlahdenkatu 16
00180 Helsinki, Finland
About Geyser Batteries
Geyser Batteries Oy develops and manufactures a new class of high-power, water-based, non-lithium batteries, which are capable of over one million of fast charging cycles even at ultra-low ambient temperatures. Thanks to the use of aqueous electrolytes and novel electrochemistry, Geyser Batteries’ products have nearly-zero carbon footprint, cannot burn and are competitively priced.
Geyser Batteries Oy is setting up a production unit in Finland to scale up manufacturing of battery modules. The company was incorporated in 2018 and employs a diverse team of entrepreneurs, engineers and sales professionals with more than 25 years of experience in the research, development, and manufacturing of specialty aqueous batteries and energy storage solutions.
The Ministry of Economic Affairs and Employment (MEAE) is part of the Finnish Government. MEAE creates the conditions for economically, socially and ecologically sustainable growth. It comes from skilled people in high-quality jobs, productivity growth and increasing employment.
Among others, the following areas fall within the ministry’s remit: industrial policy, innovation and technology policy, internationalization of enterprises and technical safety, functionality of markets, promotion of competition and consumer policy.
As part of the Government, the ministry implements the Government Programme, drafts legislation, monitors and develops issues falling within its remit and steers the agencies in its administrative branch.
The Ministry of Economic Affairs and Employment has two ministers: the Minister of Economic Affairs and the Minister of Employment.