11 February 2022
Italian company Zapi builds E-mobility factory in Stockholm
Zapi Group has announced its expansion to a new 6,000 sqm manufacturing facility in Stockholm. The new facility will be highly automated and bring unique expertise to Sweden’s supply chain for e-mobility. The factory is said to be an investment of €25 million and is expected to create some hundred new skilled jobs in Stockholm.
Swedish Government provides details on national strategy for electrification
The Swedish Government has decided on a national strategy for electrification that takes a holistic approach to the conditions in the energy sector. The strategy has been developed in broad collaboration with the business sector, authorities and other societal actors. In 12 points, the strategy clarifies the Government's direction for the continued work and comprises a total of 67 measures to be implemented during 2022-2024.The Government has set aside SEK 20 million in the budget for 2022 for the implementation of the strategy. For 2023 and 2024, SEK 35 million and SEK 25 million, respectively, have been set aside.
“We are now presenting a strategy so that the electricity system can be developed in line with the needs that follow from powerful electrification and without allowing the charging infrastructure to become an obstacle. It is needed for both the climate and for Sweden’s competitiveness”, said Khashayar Farmanbar, the Minister for Energy and Digitization.
LKAB donates SEK 200 million to research
A donation of SEK 200 million will be given by LKAB to a new foundation that will promote research and education at LTU with a focus on sustainable mining. Through strong research and educational environments, the foundation will promote the development of the mining- and mineral industry’s adjustment, competitiveness and growth.
Ørsted completes divestment of half of the offshore wind farm Borkum Riffgrund
Ørsted has completed the sale of 50% of its 900 MW offshore wind farm Borkum Riffgrund 3 to Glennmont Partners. The total transaction value is expected to be around DKK 9 billion, including the ownership share of 50% as well as a commitment for Glennmont Partners to fund 50% of the costs under the EPC contract for the entire offshore wind farm. Borkum Riffgrund 3 is expected to be put into operation in 2025.
Continuing red ink for Teco 2030
Teco 2030 is still building, and is working on the development of a hydrogen fuel cell together with Austrian AVL. In 2021, the company reported a turnover of NOK 12.8 million, and recently announced an operating loss of NOK 13.5 million in 4Q21. Overall, Teco 2030 reported a gross operating loss of NOK 45.4 million in 2021, compared with loss of NOK 24.6 million the year before.
Aker Clean Hydrogen reports 4Q loss
Aker Clean Hydrogen ended with an operating loss of NOK 53.5 million in the 4Q21, due to the development of the business, digitization and projects in the pipeline. In the same period the year before, the company made a loss of NOK 47.3 million. For the full year of 2021, the company ended with a loss of NOK 160.4 million.
What we’re reading
- Billions to transform the Pilbara: WA’s hydrogen hubs plan revealed (WA Today)
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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