Let's Get Your Swedish Energy Project Funded
Sweden is one of the frontrunners of the green transition. Whether your organisation is developing breakthrough energy solutions, scaling sustainable production, or decarbonising industrial processes, a wide range of national and EU-level funding programmes can help your project towards a faster deployment.
At Nordic Innovators, we guide Swedish organisations through the entire funding process, assess your project's potential with specific funding programmes and offer an in-depth strategy for your company's financial support.
Funding opportunities for Swedish Energy projects
The Swedish Energy Agency (Energimyndigheten) is supporting sustainable energy systems. The support aims to contribute to achieving national goals in energy and climate policy, business policy, and research policy. The Swedish Energy Agency has a broad portfolio of programmes that promotes and finances a number of activities within the energy sector:
- Support for business ideas, testing and launch
- Support for the production of biogas
- Funding of research and innovation
- Municipal energy and climate consultancy
- Solar cells
- Transport
The Innovation Fund (IF), managed by CINEA, is one of the world’s largest funding programme with a €4 billion budget. Grants are given to projects that deploy innovative low-carbon technologies that will help decarbonise Europe and support the transition to climate neutrality.
Innovation Fund projects fall into five categories across two topics: Manufacturing or General Decarbonisation and four sizes: Pilot, Small, Medium and Large-scale. All projects require a minimum CAPEX of €2.5 million.
- Energy Intensive Industries (EII)
- Carbon capture, transport and storage
- Renewable energy and storage
- Mobility (Maritime and aviation)
- Buildings.
The Hydrogen Auction works through competitive bidding / auctions. The European Hydrogen Bank (EHB) supports producers of Renewable Fuel of Non-Biological Origin (RFNBO) with up to €1.2 billion. Successful bidders receive a fixed premium in €/kg for a decade, closing the gap between production costs and market prices.
The Hydrogen Auction is a cost-efficient support for the roll-out of low-carbon technologies needed for the green transition. The four objectives of the Innovation Fund Hydrogen Auctions are:
- Reducing the cost gap between renewable and fossil hydrogen in the EU
- Allowing for price discovery and renewable hydrogen market formation
- De-risking European hydrogen projects
- Reducing administrative burdens.
The Innovation Fund's Heat Auction is a one-of-a-kind opportunity for industrial companies doing large-scale heat decarbonisation investments. Industrial heat accounts for a large share of Europe’s industrial emissions. With a budget of up to EUR 1 billion, the Heat Auction aims to accelerate the green industrial transformation and cut CO₂ emissions by funding innovative projects that replace fossil fuels with:
Electrified heat (e.g., high-temperature heat pumps, electric boilers, resistance / induction heating, plasma heating).
Direct renewable heat (e.g., industrial solar thermal, deep geothermal).
The total budget of EUR 1 billion will be distributed across three heat categories. Medium-temperature heat project (100°C-400°C) can receive up to EUR 100 million:
1. Small projects (3-5 MWth)- EUR 150 million.
2. Big projects (≥5 MWth)- EUR 350 million.
3. High-temperature heat (≥ 400°C) – Maximum project grant EUR 250 million: All projects (≥3 MWth)- EUR 500 million.
