What is Finnish battery industries?

Finnish Battery Industries is the first association in the world representing companies in the battery value chain. Our members cover the battery value chain from mining and refining to the recycling of batteries. The association is a part of the Finnish Chemical Industries.

Is Finland a good place to invest in batteries?

As the only country in the world capable of managing the entire battery value chain, from mineral extraction to recycling, Finland is uniquely positioned to respond to the surge in demand for batteries stemming mostly from the rapid proliferation of electric vehicles in Europe.

Why is the battery industry growing in Finland?

The battery industry is a rapidly growing field in Finland, and together with already functioning factories, there are several large investments taking place in the near future. Finland has essential minerals which are needed in battery production.

Why is Finland launching a national battery strategy?

Finland in January became one of the first countries in the world to unveil a national battery strategy, devised to establish itself as a competitive, competent and sustainable player in the global market.

What are lithium-ion batteries used for?

Lithium-ion batteries are needed, for example, in the electrification of transport, consumer electronics, tools and backup power supplies. Electric batteries also offer solutions for energy storage and enable flexible utilisation of renewable energy. Our experts lead the planning and implementation of projects in the battery industry.

Can the world run out of lithium-ion batteries?

The world can ill-afford to run out of precious metals such as cobalt, lithium and nickel, reminds Tero Holländer, head of battery business at Fortum. Image: Fortum While estimates suggest only about five per cent of lithium-ion batteries are currently recycled worldwide, the market is projected to grow sharply in the coming years.