Helsinki, Finland – Geyser Batteries, a Finnish cleantech startup offering its customers high-performance batteries built on its proprietary water-based electrochemical technology, has won Energia2020 innovation competition.
Energia2020 innovation competition showcases startup companies with solutions that have a high business potential, and an ability to make a significant impact to energy sector. These companies solve essential needs of our society’s future energy requirements. The competition is organized biannually in a collaboration between Energiamessut event organizer, Grid.vc, a member of Finnish Venture Capital Association (FVCA), and VTT, one of Europe’s leading research institutions owned by the Finnish state. The competition jury consists of members from the most important investors at energy sector in Finland.
Geyser Batteries Oy develops and manufactures a new class of high-power, water-based, non-lithium batteries, which are capable of over one million of fast charging cycles even at ultra-low ambient temperatures. Thanks to the use of aqueous electrolytes and novel electrochemistry, Geyser Batteries’ products have nearly-zero carbon footprint, cannot burn and are competitively priced.
The biennial, largest energy event in Finland brings together energy production, power transmission and storing, energy users, and environmental and circular economy and real estate decision makers under the same roof. The event is a part of a high-profile national gathering, and it showcases sustainable, smart, productive, and modern solutions to the energy transition. As a part of the event, the jury consisting of members of the most significant energy sector investors in Finland chooses a winner of an innovation competition. The main winning criteria are the company’s ability to enter the energy market, and the know-how and complexity of the team behind. The chosen solutions have a high business potential, and an ability to make a significant impact to energy sector. They solve essential needs of our society’s future energy requirements.