New Lithium-ion Factory To Open in Finland
With the demand for batteries expected to increase soon, the opening of more manufacturing plants has become a profitable opportunity. K2 Energy Solutions has revealed that they are constructing a new 90,000 square-foot facility in Varkaus, Finland. The new facility will be used to manufacture safe and eco-friendly high-capacity batteries for Europe’s advanced industrial, energy and transportation needs. It is being constructed in conjunction with K2’s European technology partner, European Batteries.
Utilizing the world’s most advanced lithium battery technology, K2 and EB are working in close collaboration to create the world’s most advanced rechargeable battery. Through this alliance, the companies intend to develop a safer, more efficient battery chemistry that is specifically designed to address Europe’s need for high-capacity rechargeable batteries.
The $44 million facility is expected to be completed in Fall of this year, with full battery production beginning in early 2010.
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(Source) Press
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