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GEYSER BATTERIES CHOOSES MIKKELI FOR BATTERY PRODUCTION PLANT

Geyser Batteries establishes pilot production and R&D facilities in Mikkeli, Finland

May 06, 2021 11:00 EET

Photo by Jonne Vaahtera

Press release

Helsinki, Finland – Geyser Batteries, a Finnish cleantech startup offering its customers high-performance batteries based on its proprietary water-based electrochemical technology, has announced its plan to establish a pilot production and R&D facilities in Mikkeli, Eastern Finland.

 

 

 

Based on support of private investors and Business Finland, Geyser Batteries Oy has conducted extensive R&D work in 2019-2021 on automation of manufacturing of its novel battery cells and modules and is now ready for implementation of the pilot production facility. 8 municipalities were tendered for this: considering their locations, operational and financial support from local government, cooperation opportunities and interest from local research and business communities. The proposal presented by Mikkeli has proven to be the most favorable for setting up a pilot production facility and an R&D centre by Geyser Batteries Oy. The company’s headquarters will remain in Helsinki.

The manufacturing in Mikkeli will be initiated in existing rental premises suitable for battery production. The facility is estimated to be operational by mid-2022 and employ at the beginning approximately 30 persons. Furthermore, the team is estimated to grow rapidly and have a significant impact on employment in the region.      

Mikkeli is a town and municipality located in the Eastern Finland and is part of the Etelä-Savo region. The municipality has a population of over 50 thousand people, and it covers an area of over three thousand square kilometers (1,000+ sq mi) of which more than 10% is water. Mikkeli is closely connected to the Finnish capital Helsinki and has a strong industrial environment.

 

“We are extremely happy and excited to announce the new home for our future pilot production and R&D facilities. The choice between municipalities has not been easy, and we want to thank all the participants for their support and interest.

Mikkeli municipality offers us good connections, soft-landing services, available research facilities, and a lot of support. Their help and genuine assistance are very valuable for us. Beyond the production facility, we are excited about cooperation opportunities in the region as we are starting a fascinating pilot project, targeting a massive grid power management market. We are very much looking forward to working in Mikkeli and expanding our team there”, says Andrey Shigaev, CEO of Geyser Batteries.

 

“Mikkeli warmly welcomes Geyser Batteries. We see this as a great opportunity to foster growth of the new cleantech industry in our city. I believe our cooperation network can offer excellent environment for Geyser Batteries to achieve their objectives”, says Juha Kauppinen, CEO of Mikkeli Development Miksei.

Contact

 

Further information:

Anu Rousku, Business Development and General Administration Manager
Maria 01, Lapinlahdenkatu 16
00180 Helsinki, Finland
a.rousku@geyserbatteries.com

 

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 low carbon footprint, are fully fire-safe, and competitively priced.  

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 energy storage solutions.

www.geyserbatteries.com

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