Purchasing Engineer
Teraloop Oy
Company Overview
Teraloop Oy
Espoo, Finland
2014
Approximately 20 employees (source: startupbootcamp.com.au). No public revenue figures are available for 2023 or later.
What They Do
Teraloop Oy specializes in kinetic flywheel-based energy storage systems, which are designed to support the integration of renewable energy sources. Their technology utilizes high-speed rotating flywheels with active magnetic bearings (AMB) to mechanically store electrical energy, providing a viable alternative to traditional electrochemical batteries. This innovative approach is particularly beneficial for managing the intermittency associated with solar and wind energy applications (source: startupbootcamp.com.au). The company's flagship product, the PowerLoop system, is delivered in self-contained TEU units that integrate various components, including flywheels and power electronics, to offer a range of services such as grid energy exchange reduction and power factor correction (source: businessfinland.com). Teraloop targets a diverse market, including industrial consumers, independent power producers, and EV ultra-fast charging stations, positioning itself as a leader in the energy storage sector (source: spindrive.fi).
Projects & Track Record
As a relatively early-stage company, Teraloop has not yet completed commercial projects with specific names or capacities publicly documented. However, they are actively developing the P250 kinetic energy storage system, which is aimed at industrial applications such as data centers and microgrids. This system features a hubless flywheel design that is optimized for efficiency and maintenance-free operation (source: spindrive.fi). Teraloop has established key partnerships, notably with SpinDrive for AMB engineering, and is seeking additional sales partners with experience in the B2B energy sector to enhance their market presence (source: businessfinland.com). Their geographic focus is primarily on Finland, with aspirations for expansion across Europe, although no international projects have been reported as of yet (source: startupbootcamp.com.au).
Recent Developments
In recent months, Teraloop has made significant strides in its technology development. On August 31, 2023, the company announced the selection of SpinDrive's active magnetic bearings for its flywheels, which is expected to enhance their product offerings in the EV charging sector (source: spindrive.fi). Earlier funding achievements include a €2.4 million grant from the EU’s Horizon 2020 SME Instrument, aimed at advancing their commercial roadmap for flywheel technology (source: siliconcanals.com). Additionally, Teraloop has earned the Solar Impulse Efficient Solution label, recognizing their scalable flywheel storage solutions, although the specific date of this achievement remains unspecified (source: solarimpulse.com).
Working There
Teraloop offers a dynamic work environment with roles primarily focused on engineering, development, and operations. The team is diverse, comprising members from 11 different countries, which enriches the company culture and fosters innovation (source: startupbootcamp.com.au). The company is currently looking to hire sales professionals with experience in the B2B energy sector, as well as after-sales service partners for maintenance support (source: businessfinland.com). Teraloop's culture emphasizes autonomy, integrity, and a commitment to corporate social responsibility, aiming to create a meaningful impact in the energy sector (source: teraloop.org).
Last updated on Feb 23, 2026 | Report an issue
Job Description
We are looking for motivated employees who want to work with us on our success. We are seeking a Purchase Engineer with a Mechanical Engineering background to join our diverse team and play a key role in securing cost-effective, high-quality components and supplier partnerships for our commercialization and future product development.
This is a full-time on-site role at Teraloop. The Purchase Engineer will be responsible for managing the procurement of mechanical components and manages the supply chain for our kinetic energy storage solutions, working closely with engineering, manufacturing, and external suppliers to ensure reliability, cost efficiency, and timely delivery.
In this position you will:
- Manage the procurement of mechanical components, assemblies, and services for industrial energy storage systems.
- Source, evaluate, and negotiate with suppliers to secure competitive pricing, quality, and delivery terms.
- Transfer manufacturability reports from suppliers to the design team, ensure the possible design changes are implemented in product.
- Prepare and manage RFQs, quotations, purchase orders, and contracts.
- Act as the main interface between engineering, manufacturing, and suppliers during the sourcing and production of flywheels and flywheel energy storage systems.
- Support supplier selection, qualification, audits, and continuous improvement initiatives.
- Monitor supplier performance in terms of cost, quality, lead time, and reliability.
- Handle claims, non-conformities, and corrective actions with suppliers.
- Contribute to cost-reduction initiatives through design-to-cost, make-or-buy analysis, and manufacturing optimization.
- Support inventory, ERP, logistics, and supply chain planning in collaboration with internal stakeholders.
The Candidate's essential requirements
- Bachelor's or Master's degree in Mechanical Engineering (or a closely related technical field).
- 3+ years of experience in technical purchasing, procurement, or supplier management OR a strong mechanical engineering background with demonstrated procurement responsibility.
- Solid understanding of mechanical components, manufacturing methods, and industrial supply chains.
- Good understanding of manufacturing drawings, related tolerances, etc.
- Proven negotiation and communication skills with suppliers and internal stakeholders
- Strong organizational skills and ability to manage multiple suppliers and priorities simultaneously.
- Self-motivated, proactive, and comfortable working in a fast-moving technology company.
- Fluency in Finnish and English (written and spoken).
We positively value
- Previous experience in mechanical engineering design tasks
- Understanding electrical engineering, capability to read circuit diagrams, etc.
- Experience working with metal and/or composite manufacturing suppliers.
- 3D modeling/drawing skills
- Experience with ERP or purchasing systems.
- Experience in supplier audits, cost breakdown analysis, and contract management.
- Previous experience in industrial, energy, or hardware-focused environments.
- Leadership or coordination experience across engineering, manufacturing, and supply chain teams.
- Experience with mechatronic products
- Experience of multinational supply chain management
What Teraloop offer to you
- Sense of purpose, working on a grand challenge that enables transition to a renewable-based energy system. Sustainability is an integral part of our culture and daily work.
- A collaborative working environment: where your proactive approach is valued. Just pitch-in with new ideas; we'll work together to evaluate them and make them real.
- A high level of autonomy in self-directed and self-organizing teams.
- Join a driven and collaborative network of people dedicated to revolutionizing the energy storage industry.
- Competitive salary.
- Benefits such as Medical Insurance (Pohjola Extra health Insurance), 400€ per year of Sport benefit, events, support to attend conferences or events of interest, but most importantly the possibility to be a part of a unique and diverse team, connected by same purpose, together we are working on a grand challenge that enables transition to a renewable-based energy system.
Are you ready to take on the challenge in fast growing company that wants to change the World? Please submit your application at your earliest convenience - we eagerly anticipate discovering your unique skills and experiences.
Apply now
Job expired?Please let Teraloop Oy know you found this job on Rejobs. This will help us grow and get more people to work on renewable energy!
Apply now
Job expired?Please let Teraloop Oy know you found this job on Rejobs. This will help us grow and get more people to work on renewable energy!
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About the role
March 23, 2026
Full time
Company
- Helsinki, Finland
3+ years in technical purchasing or procurement
UTC+02:00