• Developer: TikTok (parent company: ByteDance) • Location: Lahti, southern Finland • Investment: 1 billion euros • Initial capacity: 50 MW, expandable to 128 MW • Timeline: Completion targeted for 2027 • Programme: Part of TikTok's broader 12 billion euro European data.
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Finland's energy storage market is expanding, thanks largely to increasing renewable energy sources, plus regulatory adaptation being made by Fingrid, the transmission operator in the country.
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Recent industry analysis reveals that lithium-ion battery storage systems now average €300-400 per kilowatt-hour installed, with projections indicating a further 40% cost reduction by 2030.
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Finnish Minerals Group and Beijing Easpring Material Technology have announced the start of construction of a cathode active material (CAM) plant in Kotka, Finland. The announcement was made on Wednesday 20 March 2025, marking a major step in the development of Finland's.
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