SVOLT Energy Technology is considering building an additional battery cell production facility, with Finland being considered one of several potential locations inside and outside the European Economic Area (EEA). The selection of Finland as a candidate for this expansion is based on significant raw material reserves, an environmentally friendly energy infrastructure, and a sustainable supply chain for the battery industry. The potential site is expected to have a total capacity of approximately 50-gigawatt hours.
The planned battery cell factory is expected to be a key component of SVOLT’s site strategy, which requires continuous adaptation to changing market conditions. As part of this strategy, other potential sites in addition to Finland are currently under review. Kai-Uwe Wollenhaupt explained, “Various factors play a role in the decision-making process for new sites, including competitive infrastructure and possible subsidies, which are integral parts of the final selection process.”
SVOLT is currently building two battery cell production facilities in Europe. Both sites are located in Germany. In the final development phase, combined production will be able to increase to 40 gigawatt-hours. SVOLT has announced plans to expand European capacity further and increase total capacity to at least 50 gigawatt-hours.