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 Swedish Energy Agency 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
Current funding opportunities can be found here.
CINEA's Innovation Fund
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.
1. Energy Intensive Industries (EII)
2. Carbon capture, transport and storage
3. Renewable energy and storage
4. Mobility (Maritime and aviation)
5. Buildings.
Innovation Fund's Hydrogen Auction
The Hydrogen Auction is part of the European Commission's novel support system 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 will allocate funding to innovative projects. It 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:
1. Reducing the cost gap between renewable and fossil hydrogen in the EU
2. Allowing for price discovery and renewable hydrogen market formation
3. De-risking European hydrogen projects
4. Reducing administrative burdens.
