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SEK finances Climeon’s green electricity production technology

The environmental technology company Climeon wants to take the next step in developing geothermal heat power and its core markets.

Geothermal heat power

Facts

Type of business: Financing for transition to fossil neutral energy
Amount: EUR 7.5 million
Maturity: 2 years
Lender: Climeon
Guarantee: European Investment Fund (EIF) 80 percent and DNB 10 percent

Facts

Type of business: Financing for transition to fossil neutral energy
Amount: EUR 7.5 million
Maturity: 2 years
Lender: Climeon
Guarantee: European Investment Fund (EIF) 80 percent and DNB 10 percent

With the help of financing from SEK, the company is able to accelerate its product development, thereby quickly scaling up production. Climeon is a Swedish environmental technology company that was founded in 2011. The company’s unique technology for heat power converts low temperature heat into clean electricity. The company is now further developing its offering in geothermal heat power to offer more complete power solutions.

”The loan gives us improved prerequisites to further develop surrounding services and products and offer customers a more complete solution for renewable electricity production.”

Thomas Öström, founder Climeon

As a result of the COVID-19 pandemic, the business has qualified for the European Investment Fund’s (EIF) expanded COVID support measures. Since Climeon has been negatively affected by the crisis, EIF guarantees 80 percent of the transaction instead of 50.

 

Would you like to know more?

Contact Ulrika for more information.

ulrika.virgin@sek.se

08-613 88 28

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