Vaasa has the vision and the ecosystem for a gigafactory, and much more
We offer you the world’s leading cleantech engineering combined with key minerals and refining, and low cost green energy. We offer you exceptional quality of life in the most stable country in the world.
"Apart from being a project for the Vaasa region, it is also a project for the whole of Finland."
Tomas Häyry, The Mayor of Vaasa
“I am very excited about this vision and will support the project as much as possible.”
Mika Lintilä, The Minister of Economic Affairs, Member of Parliament
2018-04-24 The Vaasa battery factory project has brought together a large nationwide network of cooperation partners >>
2018-01-09 GigaVaasa-factory planning reaches milestone - Environmental impact assessment programme is complete; green light for planning for factory areas as large as 200 Ha >>
Cluster that co-operates.
Vaasa is the home for the biggest energy technology cluster in the Nordic countries.
The energy technology industry in Vaasa has a long history, which has resulted in a strong research competence. R&D activities in Vaasa are among the most ambitious in Finland. Energy technology cluster key figures:
Local supply of key minerals
Vaasa is located near the most significant lithium deposits in Europe and the world’s largest cobalt refinery.
The world’s largest cobalt refinery, Freeport Cobalt, is located just 120 km north in Kokkola. Finland has significant cobalt resources, Terrafame in Sotkamo is aiming to start significant cobalt sulphate production in 2020.
Keliber, a Finnish company that is starting up production of lithium, has a long term goal of producing 9 000 tons of battery standard lithium products yearly.
Norilsk Nickel, just 200 km south in Harjavalta, produces 50 000 tons of nickel annually. In Sotkamo is one of the largest nickel mines in the Europe.
Finland is recognized to be highly prospective for graphite exploration. The first mine, Haapamäki/Pitkäjärvi of Beowulf in Heinävesi, could be opened in early 2020’s.
Low-cost renewable energy
Companies in Finland can depend on a highly reliable and cost-effective power supply to run their business with maximum efficiency. Power generation, transmission and distribution systems are highly efficient. Finland has the second lowest industrial power cost in the EU.
International city with high standards of living
The Vaasa region is one of the most dynamic, competitive and fastest growing urban regions in Finland. The people living in the area are widely known for their entrepreneurial attitude.
Because of its coastal location, the Vaasa region has always been open to new ideas and people. Today Vaasa is Finland’s second-most international city: over 100 nationalities are happy to work here.
The Vaasa region has a high standard of living: all services are close, housing is affordable, people are proven to be healthier and happier than in the rest of the country. Even the nature around us is beyond compare: Kvarken archipelago is the only Unesco nature heritage site in Finland.
The most stable country
in the world.
Investing in Finland is a smart decision. We have open society, friendly business environment, competitive workforce, reliable infrastructure, excellent location between east and west, and vibrant startup scene.
Finland has done well in multiple surveys.
Here are some examples:
The most stable country in the world
- Fragile States Index -
The best place to live
- Newsweek -
#1 country for developing and deploying their talent
- Human Capital Report -
Finland has the one of the best overall education system in the world
- OECD’s PISA rankings -
The most environmentally friendly country
- Environmental Performance Index -
Team & Contacts
The GigaVaasa core team in the picture with Vaasa Entepreneur Society (VES) people. The core team from the left Mark Linder, Riitta Björkenheim, Tomas Häyry, Jukka Hakala, Panu Laturi, Ulla Mäki-Lohiluoma and Toni Laturi. Missing from the picture: Anna-Kaisa Valkama.