Sweden

Swedish Battery Developer Northvolt Produces its 1st Li-ion Cell

Northvolt, a Swedish battery developer and manufacturer that specializes in lithium-ion technology for electric vehicles, recently commissioned its Northvolt Ett gigafactory in northern Sweden, leading to the assembly of its first li-ion battery cell. Marking a new chapter in European industrial history, the cell is the first to have been fully designed, developed and assembled at a […]

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Midsummer Bags €38 M Grant to Build Thin Film Solar Roofs in Italy

Italian authorities have confirmed that Swedish manufacturer of thin film CIGS solar cells Midsummer will receive incentives of approximately €38 million in the form of grants and soft loans. These will go towards building a factory and commencing manufacturing lightweight, environmentally friendly thin film solar roofs in Bari, Italy, for the global market. The production […]

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8th India-Sweden Innovation Day ’21 to Focus on Green Tech

India and Sweden are set to celebrate the 8th Innovation Day on 26th October at 08:00-16:30 (Swedish Time) and 11:30-20:00 (Indian Time). The online event themed “Accelerating India Sweden’s Green Transition” is hosted by India Unlimited in association with the Embassy of India in Sweden, Sweden-India Business Council, and Confederation of Indian Industry (CII). India […]

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Swedish Venture Ships World’s First Coal-free ‘Green Steel’

Sweden-based steel maker SSAB has claimed that it has produced “the world’s first fossil-free green steel” and delivered it to its first customer, the Volvo Group, as part of the HYBRIT project- a partnership between SSAB, energy firm Vattenfall, and mining and minerals group LKAB that was founded in 2016. HYBRIT, or Hydrogen Breakthrough Ironmaking Technology, […]

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IKEA To Start Selling Renewable Electricity To Swedish Households

IKEA, which started selling solar panels and other equipment at its stores sometime back, is now moving into direct electricity selling too. Under the plan that the global retailer of furniture and other items has announced, IKEA’s solar panel producer, Svea Solar will be buying renewable electricity on the Nordic power exchange Nord Pool and […]

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Eco Wave Power Announces Closing of Public Offering of 1 Million ADS

Swedish clean tech company Eco Wave Power Global AB (EWPG) has announced the closing of its underwritten public offering of 1,000,000 American Depository Shares (ADS), representing 8,000,000 common shares at a price to the public of $8.00 per ADS. The ADSs began trading on the Nasdaq Capital Market on July 1, 2021. EWPG granted A.G.P./Alliance […]

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Stena Recycling to Invest €24.6 M in Swedish Battery Recycling Plant

Swedish recycling company Stena Recycling is planning to invest around €24.6 million in what will be one of Europe’s most advanced battery recycling facilities near its Nordic Recycling Center in Halmstad, Sweden. The Gothenburg-based company described the project as a “new battery recycling process” and said that UK chemicals company Johnson Matthey would add a process […]

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Swedish Company Exeger Raises USD 38 Million in Debt Financing

Sweden’s Exeger announced today that it has secured USD 20 million in debt financing from Swedbank and Swedish Export Credit Corporation (SEK). The company, which produces Powerfoyle, a unique solar cell technology that transforms all forms of light into clean, endless energy, has also secured USD 18 million through a directed share issue to Ilija Batljan […]

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Swedish Take-up of the Siemens Gamesa 5.X Platform With 62 MW Deal

The strength of the onshore powerhouse Siemens Gamesa 5.X platform has gathered momentum in Sweden heading into 2021 following the signing of a 62 MW deal to supply two adjacent sites in the Sunne region. The deal with local utility firm Tekniska verken will cover the supply of 7 SG 5.8-170 turbines at Fryksdalshöjden and […]

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