Finland liquid cooling energy storage prices

Does Finland have a battery supply chain?

Finland’s government sees critical mineral production and the battery supply chain as promising areas for economic development that also support energy transitions. Finland has large deposits of cobalt, nickel, lithium, graphite and other critical minerals – and is home to the only company outside China supplying cobalt for lithium-ion batteries.

Does Finland have a high energy consumption?

At the same time, Finland still has a high level of energy consumption in relation to the size of its economy, showing the opportunity for energy efficiency to help improve energy security and reduce emissions in sectors such as transport and industry.”

Does Finland produce lithium ion batteries?

Finland has large deposits of cobalt, nickel, lithium, graphite and other critical minerals – and is home to the only company outside China supplying cobalt for lithium-ion batteries. Finland is also active across other parts of the battery supply chain, from manufacturing of batteries and chargers, to battery recycling.

Does Finland rely on fossil fuels?

Thanks to its fleet of nuclear plants and high shares of electricity generation from biomass, hydro and wind power, Finland already has a low reliance on fossil fuels. In 2021, fossil fuels covered 36% of its total energy supply, well below the IEA average of 70%.

Is Finland a good country for energy R&D?

In 2020, Finland ranked fourth among IEA member countries for government budget allocations on energy R&D as a share of GDP and there is a push to develop new and emerging energy technologies to drive energy transitions in hard-to-decarbonise sectors and end-uses, especially industry and heavy transport.

Is Finland a good place to dispose of nuclear waste?

Finland is also a global leader in nuclear waste management and disposal. The Onkalo nuclear waste disposal facility, under construction near Olkiluoto, is expected to start operating in 2025 and will be the world’s first permanent disposal facility for spent nuclear fuel.