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!
First round of the programme
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:
- The solar industry – from unaesthetic surface-mounted photovoltaics to aesthetic high-efficiency (233W/m2 vs Tesla 143W/m2) photovoltaic roofs in any colour.
- Roofing industry – from expensive concrete tile roofs with high CO2 impact, to self-sufficient photovoltaic roofs with 85 percent lower CO2 footprint.
- Installation industry – from manual time-consuming (1-2 weeks) photovoltaic installations with heavy lifting and poor working environment to factory-made photovoltaic roofs to be installed in one day.
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.
Companies admitted in 2024
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
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.
A Swedish Energy Agency Program Powered by Cleantech Scandinavia
Investment Accelerator programme
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.
