7 October 2022
National Budget 2023: Creation of Bionova important for the bioeconomy
Natural scientists have long been committed to the establishment of Bionova and are pleased that the Norwegian government is strengthening its investment in the circular and bioeconomy by including Bionova in the national budget. In the national budget proposal, Bionova is allocated nearly NOK 250 million. The Norwegian Ministry of Agriculture and Food has allocated NOK 87 million, and Bionova will become a separate entity under Innovation Norway, with funding for the Value Creation Program (NOK 160 million) and the Bioeconomy Program (NOK 35 million) now belonging to Bionova.
Finnish Ministry of Labour and Economy allocates EUR 8.9 million for Simo's solar investment
Exilion Tuulivoima ky has received EUR 8.9 million for its investment in a solar power plant in Simo. The plant has a capacity of 70 MW and will produce about 70 GWh of electricity per year. So far, no solar power plant of similar size has been built in Finland.
Celltech Solutions Oy opens factory in Tampere for the production of industrial battery systems
Celltech Solutions Oy, a subsidiary of Addtech Ab, has opened its new factory for industrial battery systems in Tampere. Series production will start in early 2023. Since 2014, Celltech Solutions Oy in Finland has been preparing to open a battery factory by recruiting experts, securing a supply chain and designing battery systems to meet the needs of special industrial vehicles. The new Tampere plant is part of Celltech's growth plan.
Ratosbolaget HENT is building FREYR Battery's Giga Arctic battery factory in Mo i Rana
The Norwegian construction company HENT was awarded the commission to build FREYR Battery's Giga Arctic battery factory after the initial phase of a large cooperation contract with FREYR for the battery factory in Mo i Rana in December 2021. HENT will be responsible for the planning, project management and construction of the first 120,000 m2 battery factory.
SUN4ENERGY is making a targeted issue of SEK 5.5 million of units
Sun4Energy’s Board of Directors has decided to issue 407,408 shares with the support of a mandate from Sun4Energy's Annual General Meeting on 18 May 2022. The company will receive approximately SEK 5.5 million before issue costs. If the warrants are fully exercised, the company will receive an additional amount of approximately SEK 7.2 million. The purpose of the decision is to finance the development of the wholesale business and to promote organic growth, to promote financial flexibility, to continue to evaluate suitable acquisitions and to launch an electric vehicle charging business.
Small electrolysis company scales up: investors are lining up
DynElectro, which makes high-temperature electrolysis equipment, is a small company with 8-9 employees and a small 5 kW electrolysis plant that converts sun and wind into hydrogen. The company is currently building a 30 KW plant that can be placed in a container. In the long term, the company aims to expand first to 150 kW and then to megawatts.
What we're reading
- Joint letter on urgent need to adopt DA on additionality (Hydrogen Europe)
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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