News 2010 › 2010-06-15
European Batteries opens new plant
European Batteries officially opened Europe’s first independent large battery production plant at Varkaus this June. The plant, a €40 million project, has been designed to manufacture large, lithium-ion based battery packs and systems for use in energy, industrial, and vehicle applications.
The plant marks a milestone for battery technology in Europe, as no other company in Europe currently manufactures large battery cells of this type. Demand for these types of batteries is on the increase as a result of the growth in the uptake of electric vehicles and the introduction of increasingly strict environmental regulations.
The new plant has an annual production capacity equivalent to 100 MWh of power, sufficient for 3,000 completely electric cars. Plans have already been made to triple both production capacity and the number of employees at the site.
European Batteries’ aim is to be one of the leading players in the industry, according to the company’s CEO, Jukka Koskinen, and wants to make a significant contribution to developing and new forms of energy.