Best Energy Storage Tech Companies in Finland
The 40 best Energy Storage Tech companies in Finland in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Virta.
- American Clean Power Association’s (ACP) Q4 2025 Clean Power Quarterly Market Report
- Frost & Sullivan
Our analysis of 50 Energy Storage Tech companies
$13.7b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy Storage Tech companies in Finland
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Stage | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Bcar Holdings Ab App-based platform for renting electric vehicle chargers | — | — | — | Eric Rimon Co-Founder & CEO | — | Deadpooled | — | — |
| 2 | Chago Developer of electric vehicle charging equipment | — | — | — | Juha Stenberg CEO | — | Unfunded | — | — |
| 3 | Comsel Provider of EV charging stations and smart metering solutions | — | — | — | Kristian Heimonen CEO | — | Unfunded | — | — |
| 4 | Elstor Provider of advanced thermal energy storage solutions for industrial heat and steam applications | — | — | 9 | Ari Piispanen Co-Founder | WordPress Block EditorWordPressMySQL+19 | Funding Raised | 3 patents Steam generation devices and energy‑flow control systems for industrial heating applications | — |
| 5 | Etric Developer of electric vehicle charging stations | — | — | — | Saska Nyman Founder & CEO | — | Deadpooled | — | — |
| 6 | Fincitec Manufacturer of application specific integrated circuits. | — | — | 55 | — | — | Acquired | — | — |
| 7 | Finnish Electric Vehicle Technologies Developer of smart energy storage technologies designed to provide an environment-friendly, pollution-free… | — | — | 15 | — | — | Acquired | 17 patents Battery pack and cell management, including charging control and balancing systems. | — |
| 8 | Heliostorage Provider of battery and thermal energy storage systems and controllers | — | — | 7 | — | — | Unfunded | — | — |
Top 12 Energy Storage Tech companies in Finland
#1
Series A · Kokkola, Central Ostrobothnia · founded 2020 · 36 employees$31.5Mraised▾
Provider of low-carbon hydrogen and high-quality carbon products for industry. It offers methane-splitting technology for gradual decarbonization, benefiting industries like steel, chemicals, oil, gas, and cement. Carbon nanoproducts and graphite are available for battery production, electronics, and electrically conductive materials. The company builds modular decarbonization plants next to industrial sites, leveraging standardized technology and existing infrastructure.
- Jul 2025Series A—
- Jan 2025Series A$17.3M
- Jul 2023Series A$28.1M
- Feb 2022Seed$3.4M
#2
Series D · Helsinki, Uusimaa · founded 2013 · 200 employees$107.9Mraised▾
Provider of electric vehicle charging solutions and related energy services. The company offers a platform for managing charging networks. It provides options for standard and modular charging solutions. The company also offers services for businesses, charge point operators, and installers. Resources include customer stories, guides, and a knowledge base.
- Apr 2023Series D$71.9M
- Apr 2023Grant (prize money)$22.1M
- Apr 2021Series C$36M
- Apr 2020Series A—
#3
Series A · Helsinki, Uusimaa · founded 2021 · 19 employees$31.1Mraised▾
Developer of smart energy storage designed for efficient utilization of renewable energy globally. The company's distributed energy storage system offers local backup power securing supply during periods of a power outage while supporting the electrification of transportation by offering an end-of-life use for electric vehicle batteries and power grid stability, enabling building owners, tenants in areas of manufacturing, industry, hospitality or retail industry to secure critical power supply.
#4
Seed · Tampere, Pirkanmaa · founded 2018$8.8Mraised▾
Manufacturer of sand battery based thermal energy storage systems. It develops high-temperature thermal energy storage systems to support the transition from fossil fuels to renewable energy. Its sand battery technology uses sustainably sourced sand to store thermal energy, enabling the production of heat.
- Apr 2024Seed$8.2M
- Oct 2021Seed$578.5K
#5
Seed · Tampere, Pirkanmaa · founded 2018 · 15 employees$8.2Mraised▾
Developer of heat storages designed to store renewable energy. The company designs and builds high temperature and zero-emission heat storage and facilitates the up-scaling of solar or wind energy to meet heating and electricity demand, enabling customers to use heat storage facilities for housing and industrial applications in an affordable way.
#6
Seed · Tampere, Pirkanmaa · founded 2022$2.2Mraised▾
Technology solution for battery diagnostics and quality control. It uses AI-based Electrical Fingerprint Platform (EFP) measurement technology for the analysis of battery cells, modules, and systems, providing critical data. The CeLLife-Battery Perfected Cloud, provides access to insights and analytics, empowering the clients to make informed decisions in real-time.
- Jun 2024Seed$2.2M
#7
Acquired · Espoo, Uusimaa · founded 2020 · 11 employees$25.2Mraised▾
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- Dec 2021Series A$22.7M
- May 2021Seed$2.4M
#8
Seed · Espoo, Uusimaa · founded 2006 · 10 employees$3.9Mraised▾
Manufacturer of sodium based batteries. The company is commercializing the technology for electric vehicles, portable electronics, starters, and grid energy storage. It claims that their batteries are based on metallic sodium and sodium chloride.It also develops high power and a low cost battery capable of fast charging.
- Jun 2022Grant (prize money)$2.7M
- Oct 2021Grant (prize money)$58K
- Jan 2018Grant (prize money)$581.9K
- Oct 2017Seed—
#9
Series A · Helsinki, Uusimaa · founded 2014 · 18 employees$5.8Mraised▾
Tera Loop is developing a large scale flywheel based Energy Storage System. The company claims that their product can store 500MW, with a capacity of up to 16GWh of power to be used by the grid. They products are to be installed underground leaving minimal environmental footprint, while staying conveniently out of sight.
- Apr 2021Grant (prize money)$60.6K
- Oct 2020Grant (prize money)$168.5K
- May 2019Grant (prize money)$2.7M
- Mar 2019Grant (prize money)$2.7M
#10
Funding Raised · Ostrobothnia · founded 2018$4.1Mraised▾
Developer of lithium-ion battery solutions using pulsed laser deposition technology. They offer materials and case examples for lithium-ion battery solutions. The company has a research and development team with multidisciplinary expertise. The team focuses on materials science, processing, and performance.
- Oct 2020Grant (prize money)$2.7M
- Sep 2019Grant (prize money)$54.7K
- Jun 2019Grant (prize money)$56K
- Jan 2019Grant (prize money)$1.3M
#11
Seed · Vaasa, Ostrobothnia · founded 2018 · 10 employees$2.4Mraised▾
Geyser Batteries is a developer of carbon-neutral batteries. It uses supercapacitors in its electrochemical system that allows batteries to be charged or discharged for more cycles. Also, it uses water-based electrolytes and does not use any toxic, flammable, or explosive material in the batteries.
- Jun 2021Seed$1.3M
- Dec 2019Seed$1.1M
#12
Series A · Vantaa, Uusimaa · founded 2002 · 40 employees$3.2Mraised▾
Enfucell has developed a printed power source (micro-battery) called SoftBattery, which is flexible and thin primary battery made of low cost industrial materials. The chemistry of SoftBattery is based on zinc and manganese dioxide, and zinc chloride as an electrolyte. Enfucell owns the technology for the battery and its manufacturing. SoftBattery is suitable for low power applications, which require flexible and thin properties. Batteries are customized according to requirement and integrated to the products they are powering. Due to it disposable, thin and flexible printed nature, the batteries can be used for applications like transdermal pharmaceutical and cosmetics patches, wireless medical and logistics sensors, functional packaging etc.
- Jun 2008Series A$3.2M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy Storage Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Grid Energy Storage is moving in Finland
A read on the academic research around Grid Energy Storage — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 218 Finland-affiliated papers.
- Aalto University73
- Lappeenranta-Lahti University of Technology54
- Tampere University24
- University of Oulu22
- University of Vaasa16
- Renewable energy1→8
- Electricity1→4
- Renewable energy39
- Battery (electricity)28
- Electricity19
- Photovoltaic system15
- Power (physics)13
- Renewable energy11
- Battery (electricity)6
- Environmental economics4
- Electrical engineering3
- Electric vehicle3
Where energy storage is researched across Finland
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.