Geyser Batteries

Geyser Batteries, founded in 2018 in Finland, develops sustainable high-performance power batteries using proprietary water-based electrolyte technology. Serving industries like power grids and transportation, their eco-friendly solutions offer fast charging, long lifespans, and enhanced safety without relying on lithium.

Company Location

Country:

Finland

City:

Mikkeli

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Company Overview

Geyser Batteries, established in 2018 in Finland, is a specialized manufacturer of sustainable high-performance power batteries. The company brings over 25 years of continuous innovation in energy storage technologies to create efficient, safe solutions for industrial applications. Their focus on water-based electrolyte technology sets them apart in the energy storage sector, offering alternatives to conventional lithium-ion batteries. Geyser Batteries serves multiple industries, including power grid infrastructure, transportation systems, and heavy machinery operations, with a clear emphasis on environmental responsibility and sustainable manufacturing practices.

Battery Technology

Geyser Batteries’ proprietary technology combines elements of supercapacitors with secondary reduction-oxidation batteries in an innovative hybrid electrochemical system. The water-based chemistry eliminates the need for lithium and other critical raw materials, significantly reducing environmental impact while maintaining high performance standards. Features include fast charging (under three minutes), extended lifecycle performance (hundreds of thousands of cycles), zero fire risk due to aqueous electrolyte composition, uniform current density through bipolar design, minimal maintenance requirements, low-temperature operation capability, and the use of recyclable materials. The redox reaction occurs on both electrodes, enabling superior energy density and rapid charge-discharge capabilities.

Products

High-performance water-based hybrid batteries featuring fast charging (under three minutes), extended lifecycle performance (hundreds of thousands of cycles), zero fire risk, uniform current density via bipolar design, minimal maintenance, low-temperature operation, and recyclable materials.

Recent Projects

In 2023, Geyser Batteries signed a conditional supply agreement with Released Energy to provide 85 megawatts of proprietary battery technology across Australia and the United Kingdom, supporting renewable energy integration and reducing curtailment. The company has also engaged in renewable energy projects in Australia, demonstrating its growing international presence.

Investors

Geyser Batteries is backed by Voima Ventures (which led a $1M seed round in 2019), Butterfly Venture Fund III Ky, Tesi (Finnish Industry Investment Ltd.), and the Ehrnrooth Family Office. It completed a bridge financing round in 2021 with participation from existing investors.

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