Swedish Energy Agency
Gredbyvägen 10, Eskilstuna, Södermanland, 632 21, Sweden
Overview
The Swedish Energy Agency is a government agency for national energy policy issues. The Agency’s headquarters are in Eskilstuna and it has around 250 employees. The mission is to promote the development of Sweden’s energy system so that it will become ecologically and economically sustainable. This means that energy must be available at competitive prices and that energy generation must make the least possible impact on people and the environment. In simple words, a smarter use of energy. Strategic objectives The Agency works to ensure that energy matters are automatically taken into account in relevant social sectors. The Agency supports the achievement of the national climate targets. The Agency promotes an energy system that is economical on resources and energy efficient, and that uses an increasing proportion of renewable energy sources. The Agency works to ensure that there is a safe and reliable energy supply. The Agency works for efficient energy markets in which customers have a strong position. The Agency is a modern and efficient public authority in all respects. The Agency is an attractive employer whose employees are given good development opportunities in a sound working environment.
- Total investments
- 12
- Lead investments
- 6
- Investments · 12mo
- 4
- Active investors
- 6
Sector focus
- Energy
- Government
- Renewable Energy
Investment portfolio
- SkyKraft
Led · Equity · May 2026
SkyKraft is a joint venture between SkyNRG and Swedish utility Skellefteå Kraft formed to develop an eSAF facility at Näsudden in the Port of Skellefteå. The proposed plant aims to produce up to 130,000 tonnes of electro sustainable aviation fuel annually using renewable electricity and biogenic CO2. The JV recently secured approximately €21 million from the Swedish Energy Agency’s Industriklivet program to fund next-phase feasibility, engineering, and design work ahead of a planned FID in 2027. The project is presented as part of SkyNRG’s broader global SAF expansion strategy, alongside projects in the US and the Netherlands. SkyKraft’s development is framed against a challenging European e-fuel funding backdrop but with expected long-term demand growth driven by tightening EU aviation fuel mandates.
- Stegra
Led · Grant · Nov 2025
Stegra is an ailing Swedish startup focused on building the world’s biggest green-steel plant. The company has been seeking substantial new capital to complete construction of the facility and to remain in business. Reportedly, Stegra sought 15 billion SEK in fresh funding to stabilize operations and finish the project. A Wallenberg-led investor group committed 7–8 billion SEK as part of that financing, becoming the company’s largest shareholder. The funding was presented as a rescue package to ensure the plant’s completion. The article did not provide operational metrics such as revenue, users, or prior financing details.
- Liquid Wind
Led · Grant · Oct 2025
Liquid Wind is a Gothenburg-headquartered developer of eFuel production plants designed to supply carbon-neutral eMethanol to shipping, aviation and chemical customers. Its facilities pair renewable-powered electrolysis with captured biogenic CO₂ to create eMethanol, enabling significant CO₂ emission reductions; the planned Örnsköldsvik plant will combine 150,000 tons of CO₂ with green hydrogen to deliver 100,000 tons of eMethanol and avoid 200,000 tons of CO₂e annually. The company counts roughly 70 employees and is working toward a pipeline of 10 projects by 2027 across Sweden, Denmark and Finland. Liquid Wind’s investor base includes industrial and strategic backers such as Alfa Laval, Carbon Clean, Elyse Energy, HYCAP, Samsung Ventures, Siemens Energy, Topsoe and Uniper. The firm integrates its eFuel plants with existing bio-powered combined heat and power (CHP) stations to maximize efficiency and circularity. Recent non-dilutive financing, including a €3.6 million grant from the Swedish Energy Agency, is helping fund pre-engineering of its first full-scale facility. This support underscores the company’s alignment with national and EU green-transition programs and strengthens its appeal to future commercial investors and offtakers.
- Epishine
Led · Equity · Oct 2025
Epishine develops and produces high-performing organic photovoltaic cells that harvest indoor light to create self-powered electronic devices such as remote controls, asset trackers, sensors and retail displays. The company’s thin, flexible modules are manufactured with a scalable roll-to-roll process that offers design flexibility for OEMs seeking to eliminate disposable batteries and lower total cost of ownership. Founded six years ago, Epishine completed a factory in Linköping, Sweden in 2023 and is now entering a decisive expansion phase to meet rapidly growing global demand. Management is focused on accelerating industrial roll-to-roll capacity and is actively raising additional capital from investors to fund this scale-up. The Swedish Energy Agency has provided a significant grant to support the expansion, underscoring national support for sustainable energy technologies. Epishine positions itself as a global frontrunner in indoor solar cells and aims to drive the market transition toward self-powered IoT devices.
- Minesto
Led · Grant · Feb 2024
Minesto develops moored ocean energy systems and the unique tether/mooring technology that anchors its powerplants to the seabed. The company is advancing a next-generation mooring system and will use a 2.8 MSEK grant from the Swedish Energy Agency to support development and testing. The work is co-funded through a project under the CETPartnership (Clean Energy Transition Partnership) program and is coordinated by RISE Research Institutes of Sweden. The project includes collaboration with Swedish, Spanish and French partners to optimize tethering solutions. Minesto says the effort will advance performance, reliability and overall competitiveness of this core system. CEO Dr Martin Edlund stated the investment strengthens the company’s technology base and collaboration with key partners and suppliers. Minesto develops the patented Deep Green marine energy system, designed to cost‑effectively extract renewable power from relatively slow ocean and tidal currents. The company says Deep Green is the only proven technology able to do this at competitive cost. The current development focus is on a full‑scale Deep Green model, for which KIC InnoEnergy has provided follow‑on funding. Minesto has previously secured major support for commercial rollout, including a €13M commitment from the European Regional Development Fund via the Welsh European Funding Office. The company was founded in 2007 and maintains offices in Göteborg, Holyhead (Wales) and Portaferry (Northern Ireland). Major shareholders include BGA Invest and Midroc New Technology. Minesto's core product is Deep Green, a patented marine power plant designed to operate cost-efficiently in low-velocity tidal and ocean currents. The company is working to develop a next-generation Deep Green power plant with improved performance, longer life expectancy and greater reliability to reduce electricity generation costs from tides and currents. Minesto and eight partners secured a €5.1m Horizon 2020 grant for the PowerKite project to improve robustness and performance; the project will run for 30 months. The consortium includes Laborelec (Engie), Chalmers University of Technology, Midroc Project Management AB, SSPA Sweden AB, UW-Elast, Moorlink Solutions AB, Applied Computing & Engineering Limited and Queen's University Belfast. Minesto was listed on NASDAQ First North in Stockholm, which provided a €15.5m capital injection; it also received €13m from the European Regional Development Fund through the Welsh Government and €3.5m from KIC InnoEnergy. Overall the company received circa €37m in investments in 2015 to accelerate its commercial rollout and development efforts.