Top 25 Report – 2025/2026 – 13th Edition
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Cleantech Scandinavia has the honour of supporting the Investment Accelerator program, that aims to help companies improve their investment readiness in their process of approaching and connecting to international investors. The program started in 2023, with a 1st batch of companies and in 2024 has selected a 2nd batch of Swedish Scale up companies. Meet them here!
The companies accepted to the first round of the programme have solutions ranging from new technologies for packaging and wave energy systems to wind turbines made of wood and cutting-edge energy storage.
Candela
Candela’s electric boats use 90 percent less energy than conventional boats, thanks to a new hydrofoil technology, which enables fast fossil-free sea voyages at very low cost. The hydrofoil technology produces no swell and reduces seasickness.
CorPower Ocean AB
CorPower Ocean provides highly efficient wave energy technology which enable reliable and cost-effective harvesting of electricity from ocean waves. Their innovation is inspired by the pumping principle of the human heart. Ocean wave energy brings stability to the clean energy mix, accelerating the transition to carbon-free energy.
Epishine AB
Epishine offers a smarter way to power electronics. The technology harvests ordinary indoor light to power small electronics, making disposable battery cables and unnecessary maintenance a thing of the past.
The large-scale energy solutions of the future will be printed. With scalable production of thin, flexible, easy-to-handle solar cells, any surface which is touched by light, will be able to harvest energy.
Ligna Energy AB
Ligna Energy develops, manufactures, and markets unique sustainable energy storage devices – a key factor for sustainable products and a sustainable energy system. The focus is on self-sufficient electronics.
The product S-power is adapted as an intermediate storage of energy which is harvested from sources such as light or radio waves.This means that primary batteries or rechargeable lithium batteries are no longer needed. Ligna Energy’s technology is based on automated “roll-to-roll” manufacturing with accessible materials, which means that production can be carried out profitably in Sweden.
Modvion AB
Modvion develops wind turbine towers made from laminated wood – nature’s carbon fibre. Wooden structures enable radical emission reductions by replacing emission-heavy materials such as steel and concrete. Thanks to their patented modular system, Modvion has been able to develop cost-effective wind turbine towers and more efficient transport for high-rise tower installations.
Orbital Systems
Orbital is an award-winning water technology company, founded in 2012 after a collaborative project between NASA and Lund University. Orbital is leading a paradigm shift regarding daily water use, which accounts for a large part of energy consumption in society.
Through their product portfolio, Orbital enables significant water and energy savings while providing a first-class user experience. The company’s 150 patents and patent applications have a large market potential worldwide.
Raymond Solar AB
Raymonds is a fast-growing innovative company that has developed the world-leading, patent-pending, award-winning Smart Solar Roof which is revolutionising three industries:
Yangi AB
Yangi develops and offers a breakthrough technology for cellulose-based packaging, enabling the replacement of rigid plastic packaging on a large scale. With its unique technology and the recently launched industrial production platform Cellera, Yangi addresses the urgent need of brand owners and packaging producers for more sustainable packaging solutions. Yangi’s technology enables resource-efficient production with significantly shorter cycle times.
The companies admitted to the programme have solutions ranging from electric scooters to virtual batteries and fossil-free silicon.
Capture Energy
Capture Energy is an energy storage solutions company dedicated to bringing good energy to your business. We specialise in end-to-end turnkey energy storage solutions, enabling forward-thinking customers to benefit from opportunities in the flexibility market rapidly, safely, and sustainably.
We focus on partnerships with installers and energy companies that focus on the green transition and implement energy solutions integrated with market-leading aggregators that ensure revenue generation. We have integrated our battery energy storage system (BESS) with more than 10 aggregators with our unique Capture Controller technology.
Established in 2023, turnover more than 10 MEUR. Offices in Sweden, Denmark and Norway. We have multiple MW BESS active in flexibility services in the Nordics and soon in Germany.
Cirkulär
Cirkulär constructs, owns, and operates large fermentation facilities that refine low-value by-products from the forestry industry into high-value, sustainable raw materials (e.g., proteins, fibers and biopolymers) through filamentous fungi. In this manner, we contribute to the green transition across various industries, e.g. feed, food, functional nutrition, and materials. Currently, we are raising capital to build our first commercial facility at a paper mill, which supplies us with its by-product, to produce thousands of tons of sustainable fungal protein as an ingredient in animal feed.
Emulate Energy
Emulate Energy is a Software-as-a-Service (SaaS) company founded in 2020 with the goal of accelerating the transition to 100 percent renewable energy in society. One challenge is to store energy on a large scale, and we have developed software that creates large virtual batteries based on flexible electrical loads such as electric cars and heat pumps.
Our customers are electricity retailers, and besides supporting the transition by stabilizing and optimizing utilization of the electricity system, our solution enables consumers to reduce their electricity costs and monetize on the flexible loads.
We are scaling fast across Europe and US and look for funding to capitalize on a large opportunity.
GREEN 14
GREEN14 is a Stockholm-based company specializing in advanced metallurgy that utilizes hydrogen plasma to re-establish the manufacturing of high-purity silicon in Europe. Currently, the strategic raw material supply chains are long and vulnerable, including those for silicon, which is critical for the green transition. Through the use of hydrogen plasma, GREEN14 enables modular production of polysilicon and silane gas for use in semiconductors, solar panels, and battery anodes. The technology can also be applied to other key metals such as aluminum, cobalt, magnesium, titanium and chromium. This innovative technology and development platform accelerates processes, reduces costs, and cuts emissions by up to 95 percent.
T.Loop
T.Loop is a Swedish data center operator with an innovative circular concept that eliminates 100 percent of CO2 emissions and reduces energy costs by 30 percentfor the company’s customers. The company builds climate-smart data centers in existing buildings and uses liquid cooling for the servers in the data center.
100 percent of the residual heat from the data center is used to heat the building the data center is located in, nearby buildings, or is transferred to the district heating network. The data center’s reserve capacity is used for grid balancing and reducing peak loads to strengthen the energy network.
With its solution, T.Loop aims to eliminate the climate impact from data centers and transform them into an energy solution in the green digital transition.
Vidde mobility
Traditional fossil snowmobiles, known for their environmental impact and noise, inspired us to create an electric, sustainable alternative. Vidde is leading the transformation of terrain vehicles from emission-heavy to sustainable, valuing the environment and embracing a noise-free experience.
Primary customers are companies that are using terrain vehicles as part of their daily operations and that have a sustainable ambition, examples are companies within forestry, ski resorts, power companies or winter tourism.
Standab develops and offers parking solutions for more efficient integration of micromobility in cities, focusing on sustainable, scalable, and user-friendly charging infrastructure for e-scooters and e-bikes. Standab’s goal is to bridge the gap between cities and micromobility-operators with service-funded parking solutions, which significantly reduce costly battery-swaps and provide both cities and operators access to designated parking for more efficient integration into the urban environment.
Standab’s technology, designed for smooth integration and installation, offers cities and a clear majority of Europe’s micromobility-operators modular, versatile, and future-proof charging stations, optimally designed to also meet the needs of the private market in the future.

The aim of the programme is to match Swedish growth companies with foreign investors. The Swedish companies will develop expertise in what foreign investors need, and the foreign investors in what Swedish companies can offer.
The Swedish Energy Agency is tasked with promoting investment to strengthen Swedish growth and create new jobs. We support business development, commercialisation, and export of Swedish cleantech innovations to accelerate global green transition.
WINNERS ARE ANNOUNCED


📣📣 Exciting News 📣📣
So this is it! We’re thrilled to announce the TOP 3 of the 12th Nordic Cleantech Open! The Top 10 companies that made to the Finals pitched last week in Helsinki and the audience has spoken! Here they are:
🥇 Winner: GREEN14
🌍 Stockholm-based GREEN14 is transforming raw material value chains with their focus on silicon materials for the green transition. Using hydrogen plasma, their tech reduces costs, speeds up processing, cuts emissions by 95% and only outputs water vapor.💡🌱 Read more about them here: https://www.green14.com/
🥈 Top 2: Re:meat
🍖 Re:meat redefines meat production. Instead of changing what’s on our plates, they work on how meat gets there. Based on cells donated by a cow still grazing the green fields of a Swedish climate-certified farm, Re:meat cultivates meat in a brewery-like environment. And they achieve this with 92% less climate impact. 🚀🌿 Read more about them here: https://www.remeatfoods.com/
🥉 Top 3: FLOX Robotics
🦊 FLOX Robotics envisions a world where humans and wildlife coexist. Their Wildlife Management as a Service (WMaaS) tech keeps wild animals away from populated areas, promoting safer ecosystems. 🌳🤖 Read more about them here: https://floxrobotics.com/
👏 Congratulations to all participants! 👏 👏 And thanks for the amazing jury that ran through all the 133 applicants, the Nordic Camp and all the work that led us here to GREEN14, Re:meat and FLOX Robotics.
These three, the winners, are a shiny representation of our greater cleantech ecosystem, created by hundreds, nay, thousands of professionals fully committed to a sustainable and innovative future.
Let’s celebrate and support every journey we can! Cheers! 🎉🌟
#InnovationAwards #Sustainability #TechInnovation #GreenTransition #FutureOfMeat #WildlifeManagement #Startups #SustainableTech #Decarbonization
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For 12 editions the Nordic Cleantech Open has brought together entrepreneurs, investors, industry and government to shape the innovation landscape with the goal of building a more sustainable future. The organizer of the competition, Cleantech Scandinavia, aims to bridge the gap between innovators looking for funding and venture capital looking for new opportunities of climate impact investments.
The 25 selected companies bring promising and ready-to-scale innovations and market proposition, and they were selected out of 133 applicants by a jury of about 70 international members from venture capital firms, multinational industries, the utility sector, development agencies and the public investment scene. These experts were the ones to analise the 133 applications based on their level of innovation, market potential and the ability of the team to execute.

Voltan Lähienergia
Finland
Voltan provides sustainable heating and cooling solutions as a service for large properties, utilizing site optimized geothermal technologies.


You will meet the best Nordic and Baltic cleantech start-ups as well as a selected group of international industrials and investors.
Nordic Camp always proves to have great outcomes, fun and useful networking!
Participation is by invitation only.
*Cleantech Scandinavia covers the costs of ONE participant per organization (Members and the Top 25): bus transport from Malmö C <>Smygehus, accommodation and catering of April 3rd and 4th.



14.00 – 18.00 – Pitch Training for the TOP 25 interested companies
Venue: Elite Hotel Savoy – Right in front of Malmö Central Station – Link to Google Maps
18.30 – 21.00 – Welcome gathering with possibility to have drinks and dinner (at own expense) for all of those who arrive on Monday.
Venue: The Bishop Arms – Link to Google Maps
08.00 – Cleantech Scandinavia provides a bus transportation from and back to Smygehus Havsbad. Bus departure from Malmö Central Railway Station, meeting point in front of Elite Hotel Savoy (link to Maps)
09.00 – Installations and Coffee
09.45 – Welcoming words – Magnus Agerström and Laura Fostinone, Cleantech Scandinavia
10.00 – Round of quick intro from all participants
— Top 25 Pitch Presentations —
Each company has 5 min to present, and the audience has 5 min to ask questions. It is very high paced so if you have additional questions, take notes and address them at the individual opportunities or in your feedback annotations. Top 25 companies are expected to send their presentations before the day starts.
10.10 – Top 25 presentations with Q&A, Group 1
11.00 – Networking break
11.25 – Presentation
11.30 – Continuation of Group 1
12.20 – Lunch
13.20 – Presentation
13.25 – Top 25 presentations with Q&A, Group 2
14.25 – Networking break
14.45 – Presentation
15.00 – Top 25 presentations with Q&A, Group 3
15.50 – Networking break
16.15 – Top 25 presentations with Q&A, Group 4
17.00 – Startups Q&A to Investors
17.30 – Evening program with networking, sauna and refreshments.
19.00 – Dinner
Overnight at Smygehus Havsbad
*Cleantech Scandinavia covers the costs of 1 participant per organization (Members and the Top 25): bus transport, accommodation and catering of Apr 3rd and 4th.
08.00 – Breakfast
09.00 – 10.00 – Presentation: Potter Clarksson
“Creating value from innovation: Capturing and communicating how the IP strategy supports the business plan”.
10.00 – 11.30 – One-on-one meetings, “walk and talk” at the beach with Cleantech Scandinavia’s members and more networking.
12.00 – Departure, back in Malmö Central Station at 13.00


This event is by invitation ONLY! Answer below our registration form and the rest will be taken care of!
(Scroll down this box to answer or access the registration form here)
THE 3 WINNERS ARE ANNOUNCED


As we prepare for this year’s Nordic Camp, we wanted to take the time to reflect on and celebrate the 11th edition Nordic Cleantech Open (NCO) winners! We recognize the long road all our applicants took to arrive on the NCO podium, fueled by perseverance and their commitment to creating a cleaner environment. This competition continues to stand as an invaluable platform to highlight companies making critical headway in the transition to a low carbon reality.
From 137 companies to 25, to 10, to 3, the Nordic Camp winners have gone through multiple rounds of pitching and jury assessment during our past NCO in 2022. At last, we proudly present Cogo coming in first place, followed by Onego Bio Ltd. in second, and AirForestry in third!

Cogo gathers shared electric scooters, bikes, cars and mopeds in one app from operators such as Donkey Republic, Green Mobility, Voi, Tier and Lime. Cogo is soon launching full integrations to enable users to find, compare, unlock and pay for all their trips through one account. More than 250 operators are included to make it as easy and seamless to move around wherever you are. Cogo is on a mission to improve the worlds cities so only human-or electric powered vehicles are included. Cogo is available in over 700 cities around the world and in 10 languages (Danish, Dutch, English, French, German, Italian, Norwegian, Portuguese, Spanish & Swedish).

Egg is one of the world’s most used animal proteins and difficult to replace with alternative ingredients. Cellular agriculture uses microorganisms and bioreactors instead of traditional animal farming and can provide significant environmental improvements compared to the animal-based protein production. Onego Bio is a Finnish biotech company producing animal-free egg proteins with a cellular agriculture method called precision fermentation. Its mission is to rethink eggs and give people access to sustainable, delicious and healthy animal-free food.

AirForestry’s groundbreaking technology makes it possible to thin out the forests in a completely new way, namely from the air with high-capacity drones. Through our innovative thinning, we contribute to reducing carbon dioxide emissions from forestry work while increasing the forest’s ability to sequester carbon.
THE TOP 10 MOST INNOVATIVE START-UPS FROM THE 11th NORDIC CLEANTECH OPEN ARE ANNOUNCED

Lund, October 3rd 2022 – It is our immense pleasure to announce the Top 10 companies of the 11th edition of the Nordic Cleantech Open. For 11 years the Nordic Cleantech Open competition has served as an observation tower for the up and coming cleantech innovation trends that will support the transition to a low carbon reality.
The 11th Edition of the Nordic Cleantech Open received 137 applications from all corners of the Nordics and the Baltics, and now the Top 10 most innovative, promising and ready-to-scale companies have been selected and are now announced. This year’s race showed more diversity among applicants and especially between the Top 25 (while last year it was a very energy intensive selection). We want to not only congratulate the Top 10 companies but also acknowledge the Top 25 companies that delivered inspiring pitches at the Nordic Camp.
Held at Smygehus Havsbad, the Nordic Camp provided the opportunity to the Top 25 companies to pitch and present their case to several members of our jury panel, which this year consisted of 58 professionals coming various backgrounds – industry, venture capital, public funding and regional development. The selection of the Top 10 companies is the result of a long selection process where companies where evaluated based on a written application at first, a preliminary evaluation which was complemented by an assessment of their performance at the Nordic Camp. In total, the Nordic Cleantech Open jury delivered 4,095 votes on the written applications and 426 votes on the pitch presentations along with some valuable feedback to the companies. The networking opportunities and one-on-one meetings held at the Nordic Camp were yet another opportunity for the Top 25 companies to exchange and gain knowledge from our highly skilled jury panel and members’ network. At last, the Top 10 will deliver a final presentation at the Nordic Cleantech Open Finals & Cleantech Capital Day, to be held in Oslo on October 25th and 26th.

To meet these brilliant entrepreneurs – not only the Top 10 but most of the Top 25 will also join – make sure to join us for the Cleantech Capital Day, our upcoming flagship event on October 25th and 26th in Oslo, Norway. This event will host the finals of the competition as well as an array of interesting topic discussions and company presentations focused on reaching climate neutrality. In partnership with German Trade and Invest, SEB Greentech, Nasdaq and Invest in Skåne, and the expected participation of 200 professionals at the table, this event will bring the opportunity to reflect on the latest cleantech developments, their impact potential for reaching net zero by 2050 and to network with the most relevant players in action in this field.

AirForestry is focused on creating healthier forests by thinning out trees from the sky with autonomous and electric aerial harvesting drones, without damaging the soil, roots or nature. By using the company’s drones, you can increase the forests’ ability to sequester carbon by freeing up 20 percent of forest land currently used for forestry access roads. Since their launch in 2020, AirForestry has grown to more than 22 employees.

Zero CO2 emission is the goal for the aluminium industry which has been working for decades on development of CO2 emission free process by replacing the carbon anodes. The Icelandic company Arctus Aluminium has developed a aluminium process with multiple vertical metallic inert anodes and ceramic cathodes in low temperature (800 °C) electrolyte according to the process formula; 2 Al2O3 = 4 Al + 3 O2. Oxygen is therefore emitted instead of CO2. Arctus is now working with our industrial partner Trimet Aluminium in Germany in scaling up the cells for a pilot plant in Essen and then a demonstration plant.

Recycling is not solving our global plastic pollution issues. Bio plastics made from land-based feedstock are creating more issues than solutions, banning Single Use Plastics impact both food and non-food industries. B’zeos uses brown seaweed, also known as brown kelp, to make a new flexible film packaging material that is home-compostable, marine degradable, bio-digestible and non-chemically modified. This material has comparable properties to plastic but are 100% bio-based, renewable and are not chemically modified, and therefore not considered as plastic following the Single Use Plastic Directive Guidelines (SUPD).

Bintel delivers a full vertical waste management solution providing customers with actionable data where hardware (level measuring sensors), connectivity, cloud-based integration platform and web-based analytics are included.

Cogo is an app that gathers shared electric scooters, cars, bikes and mopeds from over 250 mobility operators in 700 cities worldwide. Additionally, Cogo offer the worlds most comprehensive price comparison tool allowing users to compare price and travel time across all operators and vehicle types in one simple search. Cogo is working to improve the cities we live in so they only include human or electric powered vehicles.

The world needs CO2-neutral fuels. This is where green hydrogen comes into the equation but the lifetime of the core materials is the current limitation for the hydrogen’s electrolysis process. DynElectro has discovered a way to extend lifetime by up to 5x.
Current electrolysis systems operate on direct current (DC). With a modified power converter, we overlay an alternating current (AC) on top of the direct current. We do this hundreds of times per second. This rapid and reversing current acts to impact and protect the molecular structure of the core material performing the valuable electrolysis process.

Klimate help companies compensate for their unavoidable CO₂ emissions with portfolios combining different carbon removal methods. Allowing companies to:
Studies show that companies that take action will reap rewards from stakeholders (e.g customers, employees or investors). Hence carbon removal is not only good for the climate, it is also good for business.

Onego Bio is biotech company that has developed a way to produce egg white without chickens. The company’s product, Bioalbumen, is produced with a safe, sustainable, and cost-efficient precision fermentation process that creates identical egg white protein without the need for animals. We have a big mission: We want to rethink eggs and give people access to a delicious healthy animal-free food. Because of its unique functional properties, egg white is difficult to replace with alternative ingredients. Bioalbumen will make it possible to manufacture the same delicious foods entirely animal-free.

We rid the oceans of harmful algae and turn it into everyday goods. Our mission is to make the chemical industry run on algae. Reclaiming the oceans requires reclaiming the origin of the chemical products in our everyday consumer products too. Instead of oil, their origins will be algae-based: ecological, decomposable, and renewable. We believe that in order for things to happen at a massive scale, it has to be turned into an industry. One with a reimagined value chain. The planetary problems are going to get worse before they get better. Our plan is to set up our biorefineries in the spots that will be most affected by eutrophication. Our patented biorefining process makes it possible to extract valuable bio-based chemicals from harvested invasive algae and ecologically farmed seaweed.

Peafowl Plasmonics is a deep tech start-up company based in Uppsala, Sweden. We empower the next generation of electronic applications by using plasmonics technology for light harvesting. Initial markets are low-power devices that benefit from being self-powered, for example indoor sensors, e-paper displays and dynamic windows. The completely transparent light harvesting cells of Peafowl bring new, beautiful, and sustainable energy solutions.

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For 11 years the Nordic Cleantech Open has brought together entrepreneurs, investors, industry and government to shape the innovation landscape with the goal of building a more sustainable future. The organizer of the competition, Cleantech Scandinavia, aims to bridge the gap between innovators looking for funding and venture capital looking for new opportunities of climate impact investments.
The 25 selected companies bring promising and ready-to-scale innovations and market proposition, and they were selected out of 137 applicants by a jury of about 50 international members from venture capital firms, multinational industries, the utility sector, development agencies and the public investment scene. These experts were the ones to analyse the 137 applications based on their level of innovation, market potential and the ability of the team to execute.

Air Forestry AB
Sweden
AirForestry is focused on creating healthier forests by thinning out trees from the sky with autonomous and electric aerial harvesting drones, without damaging the soil, roots or nature. By using the company’s drones, you can increase the forests’ ability to sequester carbon by freeing up 20 percent of forest land currently used for forestry access roads. Since their launch in 2020, AirForestry has grown to more than 22 employees.

Arctus Aluminium Ltd
Iceland
Zero CO2 emission is the goal for the aluminium industry which has been working for decades on development of CO2 emission free process by replacing the carbon anodes. The Icelandic company Arctus Aluminium has developed a aluminium process with multiple vertical metallic inert anodes and ceramic cathodes in low temperature (800 °C) electrolyte according to the process formula; 2 Al2O3 = 4 Al + 3 O2. Oxygen is therefore emitted instead of CO2. Arctus is now working with our industrial partner Trimet Aluminium in Germany in scaling up the cells for a pilot plant in Essen and then a demonstration plant.

Awake.ai
Finland
Awake.AI is an optimization platform for port bound cargo flow reducing turnaround times and waiting times by 20-30% which reduces emissions at the same rate. The logistics industry is lagging behind in automation within the digital revolution. This leads to millions of extra CO2 produced and billions of euros wasted for non-value adding outdated basic logistic operations. Trajectory for emissions shows the industry must optimize the logistic chains, reduce the cargo flow waste and have solutions for capacity utilization increase. Awake’s AI software platform does just that.

B’zeos
Norway
Recycling is not solving our global plastic pollution issues. Bio plastics made from land-based feedstock are creating more issues than solutions, banning Single Use Plastics impact both food and non-food industries. B’zeos uses brown seaweed, also known as brown kelp, to make a new flexible film packaging material that is home-compostable, marine degradable, bio-digestible and non-chemically modified. This material has comparable properties to plastic but are 100% bio-based, renewable and are not chemically modified, and therefore not considered as plastic following the Single Use Plastic Directive Guidelines (SUPD).

BeeFutures
Norway
Beefutures combines biotechnology, data science and 30 years of beekeeping know-how to address the major bee health challenges of our times. Beefutures has developed a comprehensive suite of solutions to save the bees and make beekeeping sustainable again. Combining the cure and digital monitoring goes beyond beekeeping, it provides a unique spatial and temporal insight into the world of bees and their interaction with our environment. The result is a bee Data Index that can drive profound environmental transformations toward sustainability and recovery ecosystem health in human exploited areas.

Bintel AB
Sweden
Bintel delivers a full vertical waste management solution providing customers with actionable data where hardware (level measuring sensors), connectivity, cloud-based integration platform and web-based analytics are included.

CognitiweAI OÜ
Estonia
Cognitiwe develops AI based products to improve sustainability and efficiency for its customers. Providing real time insights and predictions, Cognitiwe’s products improve sustainability and efficiency by saving resources, energy and cost. Cognitiwe aims to make this products reachable to all sizes businesses so any company that has access to an off the shelf IP camera and to the cloud can start are start using without any marginal upfront investments. With these products Cognitiwe managed to reach major customers like, Stellantis Group, MAF Carrefour and Migros.

Cogo app
Denmark
Cogo is an app that gathers shared electric scooters, cars, bikes and mopeds from over 250 mobility operators in 700 cities worldwide. Additionally, Cogo offer the worlds most comprehensive price comparison tool allowing users to compare price and travel time across all operators and vehicle types in one simple search. Cogo is working to improve the cities we live in so they only include human or electric powered vehicles.

Compular Tech AB
Sweden
Compular revolutionizes material development with its novel simulation software. Thereby material developers become more efficient and innovative through the ability to predict material properties of new compositions. This leads to more effective processes, shortened development cycles and the creation of more high performing and sustainable complex materials. Compular focuses on battery materials as a first vertical and are already working with leading companies in the field to help speed up the green energy transition.

DynElectro
Denmark
The world needs CO2-neutral fuels. This is where green hydrogen comes into the equation but the lifetime of the core materials is the current limitation for the hydrogen’s electrolysis process. DynElectro has discovered a way to extend lifetime by up to 5x.
Current electrolysis systems operate on direct current (DC). With a modified power converter, we overlay an alternating current (AC) on top of the direct current. We do this hundreds of times per second. This rapid and reversing current acts to impact and protect the molecular structure of the core material performing the valuable electrolysis process.

eniferBio Oy
Finland
eniferBio is brewing a protein revolution by breathing new life into the world’s first mycoprotein process – PEKILO. It was successfully used in Finland in the 1970s and 80s to convert forest by-products into feed protein, and eniferBio is now taking this tried-and-tested process to the next level using cutting edge biotech.

InfoTiles
Norway
Globally, using water sustainably is becoming more important. Ageing infrastructure, inadequate investment and changing climate are all contributing to an internationally recognised crisis. Data can help address these challenges, but legacy equipment provides disconnected data that is not fit for decision-makers. InfoTiles provides software that combines and enriches data from different silos, including legacy water utility systems. When enriched with public data, utilities discover new insights and make sustainable decisions based on facts leading to sustainable water use in our communities.

Klimate Aps
Denmark
Klimate help companies compensate for their unavoidable CO₂ emissions with portfolios combining different carbon removal methods. Allowing companies to:
Studies show that companies that take action will reap rewards from stakeholders (e.g customers, employees or investors). Hence carbon removal is not only good for the climate, it is also good for business.

Material Mapper AS
Norway
Today, it is almost impossible to reuse construction materials at scale due to the fragmented industry, lack of information flow between the government and corporates and lagging digitalization. Material Mapper has an in-house built algorithm that estimate the amounts of materials that will become available for repurposing from a demolished, renovated or newly built building, also allowing to measure the CO2 emission savings that would result from reusing materials Vs. utilizing virgin materials.

Novige AB
Sweden
Novige AB develops NoviOcean, a breakthrough wave energy technology with the goal of “saving the climate with profitable wave power.” NoviOcean is set apart from other marine energy solutions due to:
Via its LIFE programme project, Novige will demonstrate its first full-scale 500-kW pilot by 2025.Novige is now looking for max 2 large industrial partners and/or venture capitalists.

Onego Bio Ltd
Finland
Onego Bio is biotech company that has developed a way to produce egg white without chickens. The company’s product, Bioalbumen, is produced with a safe, sustainable, and cost-efficient precision fermentation process that creates identical egg white protein without the need for animals. We have a big mission: We want to rethink eggs and give people access to a delicious healthy animal-free food. Because of its unique functional properties, egg white is difficult to replace with alternative ingredients. Bioalbumen will make it possible to manufacture the same delicious foods entirely animal-free.

Origin by Ocean
Finland
We rid the oceans of harmful algae and turn it into everyday goods. Our mission is to make the chemical industry run on algae. Reclaiming the oceans requires reclaiming the origin of the chemical products in our everyday consumer products too. Instead of oil, their origins will be algae-based: ecological, decomposable, and renewable. We believe that in order for things to happen at a massive scale, it has to be turned into an industry. One with a reimagined value chain. The planetary problems are going to get worse before they get better. Our plan is to set up our biorefineries in the spots that will be most affected by eutrophication. Our patented biorefining process makes it possible to extract valuable bio-based chemicals from harvested invasive algae and ecologically farmed seaweed.

Packoorang AS
Norway
Today, most of packaging is single use. Packoorang is two-fold solution to make a circular packaging as a Service – namely a digital solution and physical packaging solutions. It connects the consumer, company, logistics and cleaning and quality check in a digital environment. It secures incentives for returns with all parties/interests involved. It is scalable across geography.

Peafowl Plasmonics
Sweden
Peafowl Plasmonics is a deep tech start-up company based in Uppsala, Sweden. We empower the next generation of electronic applications by using plasmonics technology for light harvesting. Initial markets are low-power devices that benefit from being self-powered, for example indoor sensors, e-paper displays and dynamic windows. The completely transparent light harvesting cells of Peafowl bring new, beautiful, and sustainable energy solutions.

Real Relief ApS
Denmark
At Real Relief we design, manufacture and supply a large variety of effective, durable, life-saving relief items, focusing on sustainability, empowerment and environmental friendliness. We are genuinely invested and truly committed to improving the lives of the less fortunate and therefore offer exactly what we promise: Real Relief!

River Recycle
Finland
RiverRecycle has created a unique business model to offer problem owners – national and local governments – a sustainable river cleaning service without the need for constant funding. Our patented technology effectively cleans the rivers from plastic pollution and our circular business model provides hosting communities with decent jobs and social and environmental improvement. In a circular economy, we create a waste management system that supports local municipalities in effectively managing plastic waste. This model offers communities safe and fair work and helps to stimulate the economy by involving companies who will buy the end products of the river cleaning and recycling system. Our developers are working on projects in seven different countries, and we plan to install 500 river cleaning solutions over the next eight years.

TEGmat Aps
Denmark
TEGmat – making industrial-scale thermal energy harvesting profitable. We upcycle waste heat into electricity, by using environmentally friendly raw materials and scalable production methods. This is an enabling technology that is beneficial for multiple segments, such as district heating, buildings, maritime.

Throw No More AS
Norway
Throw No More digitises supermarkets’ discounted, soon-to-be-expired foods. Via Throw No More, app users can now pick their shopping destination based on the availability of offers at nearby stores. With products discounted up to 80%, this win-win solution helps consumers conveniently save money, while enabling retailers to reduce food waste and boost their bottom line.

Tracegrow Oy
Finland
Tracegrow Oy is Finland’s leading cleantech company. Tracegrow’s globally scalable technology converts industrial side streams and recycled alkaline batteries into valuable circular economy products with a very low CO2 footprint. Tracegrow technology can be upscaled to manufacture different end products and raw materials for agricultural and industrial usage. Today, Tracegrow’s foliar fertilizers are sold in 15 countries around the world.

Volare Solutions
Finland
Volare a science-based company that upcycles food industry side streams into high quality protein and lipids to replace soy, fish meal and palm oil. The company’s radically sustainable approach combines the natural superpowers of insects with cutting-edge technology to change how the food system operates.
