European Batteries Oy opened its factory that manufactures large, lithium-ion based battery packs and systems in Varkaus, Finland. The company states that no other company in Europe manufactures large battery cells of similar type, and even from a global perspective other production facilities are owned and earmarked by equipment manufacturers. In this perspective, strong grounds can be found for the €40-million Varkaus project, and there is every reason for European Batteries to aim for profitable results even in the near future.
At the moment, European Batteries employs 65 persons, 44 of which work at the 10.000 square meter Varkaus factory. The annual production capacity is 100 MWh – an amount enough for 3.000 full-electric cars, for example. Plans have already been made to triple both production capacity and the number of employees as the factory extension is completed.
