In Sweden, the European Investment Bank (EIB) is providing €40 million in venture debt financing to Meva Energy AB, a Swedish cleantech company pioneering modular gasification plants that convert biomass residues into climate-neutral, industrial-grade biogas. This innovative fuel can directly replace fossil gas in a range of industries, supporting Europe’s transition to cleaner energy and greater energy independence.
The EIB’s investment will help Meva scale up beyond its current demonstration plant in Kisa, Sweden, enabling the company to enhance its technology and enter new markets.