Finnish Climate Fund

AISTI is a manufacturer of building construction materials focused on sustainability. The company specializes in producing acoustic tiles made from wood pulp, which are fully carbon-negative, plastic-free, and easy to recycle. By utilizing wood fiber, AISTI addresses the growing demand for environmentally friendly construction products, promoting safer and more sustainable practices in the construction industry.

Enifer is a mycoprotein company focused on producing sustainable protein products through fungal fermentation. The company utilizes fish by-products as raw materials to create single-cell protein, which can serve as an environmentally friendly alternative to soy in fish feed. This innovative approach addresses ecological challenges associated with soy cultivation, such as deforestation in South America, while promoting a circular economy by transforming underutilized agricultural byproducts into valuable, nutritious feed. Enifer's products aim to enhance sustainability in fish farming and contribute to more responsible resource management in the agrifood industry.

Cactos specializes in smart energy storage systems that enhance the efficient use of renewable energy on a global scale. The company develops distributed energy storage solutions that provide local backup power, ensuring a stable supply during outages. Additionally, Cactos supports the electrification of transportation by facilitating the end-of-life use of electric vehicle batteries, contributing to power grid stability. Its services are particularly beneficial for building owners and tenants in sectors such as manufacturing, industry, hospitality, and retail, enabling them to secure a critical power supply.

Paptic is a manufacturing company focused on creating innovative, wood-based materials that serve as sustainable alternatives to traditional paper and plastic products. By developing renewable and recyclable bags, Paptic addresses the pressing issue of plastic waste accumulation in the environment. The company’s products combine the eco-friendly properties of paper with the practical functionality of plastics, allowing customers to meet their everyday needs while contributing to a more sustainable environment.

Hycamite TCD Technologies is a privately-owned company focused on commercializing innovative environmental technology developed through collaborations with various European universities. The company's primary objective is to produce clean hydrogen by processing methane while eliminating carbon dioxide emissions. Hycamite's technology effectively separates methane into hydrogen and solid, high-quality carbon, creating both clean hydrogen and pure carbon. This process allows businesses to decompose methane from natural gas or biogas into its elemental components, offering valuable industrial raw materials and fuel.

Norsepower Oy Ltd is a Finnish clean technology and engineering company that specializes in renewable wind energy solutions for the maritime industry. Founded in 2012 and headquartered in Helsinki, Norsepower develops low-maintenance, software-operated auxiliary wind propulsion systems aimed at reducing fuel consumption and greenhouse gas emissions in shipping. The company's flagship product, the Norsepower Rotor Sail Solution, utilizes the Magnus effect through a spinning cylinder to harness wind power for ship propulsion. This innovative technology not only helps lower fuel costs but also enhances the durability and safety of vessels, supporting the maritime industry's transition towards more sustainable operations. Norsepower has received over $6 million in funding from various investors, including venture capital firms and government agencies, to support its development and deployment efforts.

Hycamite TCD Technologies is a privately-owned company focused on commercializing innovative environmental technology developed through collaborations with various European universities. The company's primary objective is to produce clean hydrogen by processing methane while eliminating carbon dioxide emissions. Hycamite's technology effectively separates methane into hydrogen and solid, high-quality carbon, creating both clean hydrogen and pure carbon. This process allows businesses to decompose methane from natural gas or biogas into its elemental components, offering valuable industrial raw materials and fuel.

Infrakit operates a cloud-based platform designed for infrastructure construction project management, facilitating collaboration and information sharing among stakeholders such as designers, contractors, owners, and operators. The platform provides real-time visibility into project progress, which helps reduce errors, enhance quality, and improve efficiency. It allows users to view and share up-to-date project data on both personal computers and mobile devices, enabling construction companies to complete projects more quickly and cost-effectively. In addition to its software solutions, Infrakit offers consulting, training, and support services to help clients maximize their use of digital tools. The company has established a presence in Finland and other international markets, continually adapting its offerings to meet the evolving demands of the construction industry.

Aeromon specializes in mobile emission monitoring services using unmanned aerial systems (UAS). The company provides cost-effective, point-of-source aerial analysis for emission monitoring, focusing on the detection and monitoring of airborne emissions, including gases, particulate matter, and noise. Aeromon's proprietary technology supports sustainable operations and assists industrial customers in making informed decisions through enhanced situational awareness, ultimately fostering environmentally conscious practices.

DataSpace Europe improves the ability of companies and organizations to make use of the renewing raw material: data. It enables the creation of new services that build the future. Its data intermediation service connects Finnish food industry operators all the way from agriculture to retailers and consumers.

Resand Oy specializes in the reclamation and recycling of spent foundry sands and other industrial sands. It offers sand treatment services and takes care of all of the customers’ sand-related needs, including collecting and regenerating waste sand and delivering the regenerated sand back to the customer.

QHeat is a geothermal energy technology company that has developed an innovative coaxial system for heating, cooling, and energy storage. This patented technology significantly reduces emissions by utilizing geothermal energy to provide sustainable energy solutions. The system allows for the storage of waste energy from cooling, which can later be used for heating during winter months, thereby enhancing energy efficiency and stability. QHeat serves a diverse client base, including real estate owners, energy and heating companies, drilling firms, and energy consultants, all seeking low-emission alternatives for their energy needs.

Joensuu Biocoal focuses on developing renewable technology that serves as an alternative to fossil raw materials. The company specializes in producing torrefied biomass from by-products of the certified forest industry, which allows for an environmentally friendly transition to renewable sources. This innovative torrefaction technology is designed for scalability and applicability on an industrial scale, enabling users to replace fossil raw materials within their existing infrastructure. By facilitating this shift without requiring significant investments or alterations to current production processes, Joensuu Biocoal supports sustainable practices within the forestry sector.

P2X Solutions is a producer of green hydrogen and a pioneer in power-to-x technology aimed at facilitating the transition to sustainable energy. The company specializes in the cost-effective production and refinement of hydrogen, which serves as a key component for creating synthetic fuels. By advancing power-to-x technology, P2X Solutions supports the development of sustainable products, contributing to the establishment of an emission-free society and promoting a better future for all.

Aurelia Turbines Oy, established in 2013 and headquartered in Lappeenranta, Finland, specializes in the manufacturing and marketing of advanced two-stage gas turbines. The company has successfully commercialized technology developed at Lappeenranta University of Technology, underpinned by over 30 years of research in high-speed technology and fluid dynamics. Aurelia's gas turbines are designed to enhance the performance of small and medium-sized enterprises by utilizing a low-emission combustion process suitable for hydrogen, biogas, synthetic gas, and other renewable fuels. This innovation enables businesses to lower operating costs, improve efficiency, and contribute to environmental sustainability. Aurelia maintains extensive intellectual property rights on its core technology and continues to develop its portfolio of protections. The company collaborates with world-class industrial partners to ensure scalability and integration of its modular components. Financial backing comes from various Finnish investors and European funding programs, including the EU H2020 initiative.

Betolar Ltd is a Finnish materials technology company founded in 2013, specializing in the development of geopolymer concrete derived from waste streams in the energy, mining, and forestry sectors. The company aims to promote sustainability in the construction industry by providing carbon-neutral construction materials that utilize previously underused industrial byproducts as a substitute for traditional cement. Betolar's product offerings include concrete products, ready-mixed concrete, and soil stabilization materials, catering to various sectors such as construction, ground engineering, landscaping, and waste management. With a focus on supporting the circular economy, Betolar is positioned to facilitate the green transition across multiple industries globally.

Elstor is a developer of thermal energy system technology focused on providing emission-free steam and heat solutions for industrial processes. The company offers a patented system that converts electricity into steam or heat, presenting a cost-effective alternative for various industrial applications. By reducing carbon dioxide emissions associated with traditional steam and heat production methods, Elstor's technology enables customers to efficiently store and discharge energy on demand, thereby enhancing the sustainability of their operations.

Solar Foods Ltd. is a food-tech startup based in Lappeenranta, Finland, founded in 2017. The company specializes in producing a sustainable protein called Solein, which serves as an alternative to animal-derived proteins. Solein is developed through a unique process that combines electricity, hydrogen, carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This method utilizes gas fermentation, allowing the production of edible calories from hydrogen-oxidizing microbes without reliance on traditional agriculture, weather, or climate conditions. Solar Foods aims to provide nutritious food ingredients and plant-based meat alternatives that promote sustainability in food production.