Eurobattery Minerals Partners with Okun Energia for Carbon-Zero Mining

Stockholm-based Eurobattery Minerals AB and Finnish energy company Okun Energia Oy have announced the signing of a Memorandum of Understanding (MoU) focused on developing a solar-powered solution for the Hautalampi battery mineral project. This partnership aims to facilitate carbon-zero production of critical raw materials essential for the green transition.

The initiative will leverage a portion of mining land owned by FinnCobalt Oy, a subsidiary of Eurobattery Minerals, to establish photovoltaic production onsite. Okun Energia Oy will manage the investment in solar units and supply the mining operations with electricity through a Power Purchase Agreement, eliminating additional costs related to taxes and electricity transmission fees.

Leaders from both companies highlighted the commitment to sustainable mining practices and the pivotal role of this project in supporting local economic development and the broader goals of the European green transition. The historic mining community of Outokumpu, where the project is located, has shown significant support, aligning with its transformation into an industrial hub.