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renewable energy

LIFE programme provides billions of euros in funding for environment and climate objectives

The LIFE programme dating back to 1992 is the only European Union fund entirely dedicated to environmental and climate objectives. A recent provisional agreement to raise the budget of the programme to 5.45 B€ for 2021-2027 offers growth opportunities to basically anyone registered in the EU to apply for LIFE funding: public bodies, companies, and NGOs, including growth companies.

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Could Innovation Fund help take your low carbon projects to the market? The 100 M€ call is now open!

Year 2020 has featured the starting point of a remarkable 10-year European investment into innovative low carbon projects. The European Commission has successfully launched the Innovation Fund, which is expected to provide over 10 B€ of grants between 2020-2030 for upscaling innovative clean technologies. The funding comes from revenues from the auction of emission allowances within the EU’s Emissions Trading System. 

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The first call of the Innovation Fund is now open for proposals to boost greener Europe

The European Commission has just launched the first call for proposals under the Innovation Fund, with over 1 B€ allocated for clean technology projects. This massive programme is meant for the projects for innovative low-carbon technologies and it is financed by revenues gained from the auction of emission allowances from the EU's Emissions Trading System.

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MetGen's Matti Heikkilä & Spinverse's Laura Koponen on Finnish national tv Huomenta Suomi: wood to replace oil

MetGen's CTO, Matti Heikkilä, and Laura Koponen, Managing Director of Spinverse were on Finnish national tv, Huomenta Suomi, discussing the grand vision: wood to replace oil. In practice wood will be used to produced products, which are currently made from oil, starting with packaging materials. Moreover, the SWEETWOODS project, a consortium of nice European companies,  has received 21M€  of EU-funding with the aim of producing wood-based biomaterials for the first time on an industrial scale. These wood-based materials can be used to replace plastic in various everyday applications.

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Unique bioeconomy project raises 21 million in funding. ”We produce with wood what used to be made with oil”

SWEETWOODS is a 43-million-euro joint pilot project that was recently granted 21 million euros in funding under the EU’s Horizon 2020 programme’s Bio-Based Industries financial instrument. Horizon 2020 is the biggest research and innovation programme in the world, supporting the development and introduction of new technologies. SWEETWOODS represented the only flagship project in the bioeconomy sector. The project is implemented through collaborative efforts of nine partner companies.

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In the news: Spinverse's client to power Viking Line Cruise Ferry with wind

Kauppalehti - a leading Finnish language commerce-oriented newspaper - had just covered major development of one of the Spinverse's clients - Norsepower Oy Ltd. The company announced its agreement to install a rotor sail solution onboard of a Viking Line’s cruise ferry. This deal heralds the world’s first liquefied natural gas/wind electric propulsion hybrid passenger traffic ship.

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The latest success story: Using wind to save fuel in the global maritime industry. Finnish SME secures European funding

Shipping companies are actively looking for solutions to reduce fuel consumption and environmental emissions of vessels, particularly due to the recent fuel price instability as well as the forthcoming environmental regulations. Spinverse customer Norsepower is ready to address this challenge utilising new technology, advanced materials and leading-edge control system.

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In the news: Pekka Koponen and Carl Haglund are building a billion-euro biorefinery in Kemi. Despite the skeptics

Talouselämä - a Finnish language weekly financial and business magazine - has just published a multi-page article (in Finnish) covering recent developments on the Kaidi Finland's biorefinery large scale investment project.

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Kaidi Finland receives nearly 90 M€ of EU funding for Kemi biofuel refinery

The European Commission has decided to grant EUR 88,5 million of NER 300 investment subsidies for the biofuel refinery planned by Kaidi in Ajos, Kemi. NER 300 is one of the world's largest funding programmes for innovative low-carbon energy demonstration projects. The application was prepared by Spinverse.

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Spinverse CEO Pekka Koponen speaks about future of energy at the Arctic Business Forum

Following the universal tendency, the European Union is striving to achieve ambitious energy and climate targets by 2020, including 10% requirement of renewable fuels in the transport sector. In many of those energy conservation measures and in terms of efficiency of energy use, Finland numbers among the leading countries in the world. Finland relies heavily on the energy efficiency as the source of most of the country’s cleantech business value.

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The Rise of the Drone: Using drones for biomass emissions tracing in Finland

Bioenergy – a renewable energy derived from biomass – is playing a vital role in many geographical areas. Currently, it is estimated to provide around 10% of the world’s primary energy supply.
In accordance with a global trend, Finland is acknowledged for its long and successful history in bioenergy, especially in forest biomass-based solutions. The high performance in turn has been enabled by innovative technology and engineering solutions as well as strong supporting research sector.

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