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 biotechnology company specializing in the production of mycoprotein derived from fungal fermentation, aimed at enhancing sustainability in the agrifood sector. The company focuses on converting fish by-products into single-cell protein, which serves as a nutritious alternative to soy in fish feed. This innovative approach not only reduces reliance on soy, which is linked to ecological issues such as deforestation, but also promotes a circular economy by transforming underutilized agricultural by-products into valuable protein-rich biomass. Enifer’s technology supports modern biorefineries in optimizing waste streams, thereby contributing to more sustainable practices in fish farming.

Cactos is a developer of advanced smart energy storage systems aimed at enhancing the efficient utilization of renewable energy on a global scale. Its distributed energy storage solutions provide local backup power, ensuring critical power supply during outages while promoting the electrification of transportation. This approach also supports the end-of-life reuse of electric vehicle batteries, contributing to power grid stability. Cactos focuses on serving building owners and tenants across various sectors, including manufacturing, hospitality, and retail, thereby securing vital power supplies and fostering a more sustainable energy future.

Paptic is a manufacturing company focused on creating innovative, wood-based renewable and recyclable products that aim to replace traditional paper and plastic materials. By developing plastic bags that merge the renewability and recyclability of paper with the functional benefits of plastics, Paptic addresses critical global environmental challenges, particularly the accumulation of plastic waste. The company's products enable customers to pursue sustainable practices without compromising their everyday needs for plastic bags.

Hycamite TCD Technologies is a privately-owned company focused on the commercialization of advanced environmental technology derived from research conducted at several European universities. The company specializes in producing clean hydrogen by processing methane without emitting carbon dioxide. Its innovative technology separates methane into hydrogen and solid high-quality carbon, enabling the generation of clean hydrogen and pure carbon. This process effectively decomposes methane from natural gas or biogas into its elemental components, serving as both an industrial raw material and a fuel source. Through its sustainable approach, Hycamite aims to contribute to the reduction of greenhouse gas emissions and promote cleaner energy solutions.

Norsepower Oy Ltd, founded in 2012 and based in Helsinki, Finland, is a clean technology and engineering company specializing in generating renewable wind energy for the global maritime industry. The company offers auxiliary wind propulsion systems that are low-maintenance, software-operated, and data-verified. Their flagship product, the rotor sail solution, utilizes the magnus effect to harness wind power and propel ships, thereby reducing fuel consumption and greenhouse gas emissions.

Infrakit is a company that provides a cloud-based platform designed to enhance collaboration and information sharing among stakeholders in the construction industry, including designers, contractors, owners, and operators. Its platform offers real-time visibility into project progress, enabling users to view and share up-to-date project data on various devices. This functionality helps reduce errors, improve quality, and increase efficiency in construction projects. In addition to the platform, Infrakit offers consulting, training, and support services to help customers effectively utilize its digital solutions. Recognized for its innovative and user-friendly software, Infrakit serves clients in Finland and internationally, continually expanding its offerings to adapt to the evolving needs of the construction sector.

Hycamite TCD Technologies is a privately-owned company focused on the commercialization of advanced environmental technology derived from research conducted at several European universities. The company specializes in producing clean hydrogen by processing methane without emitting carbon dioxide. Its innovative technology separates methane into hydrogen and solid high-quality carbon, enabling the generation of clean hydrogen and pure carbon. This process effectively decomposes methane from natural gas or biogas into its elemental components, serving as both an industrial raw material and a fuel source. Through its sustainable approach, Hycamite aims to contribute to the reduction of greenhouse gas emissions and promote cleaner energy solutions.

Aeromon is a provider of unmanned aerial system (UAS)-based measurement services that specialize in cost-effective aerial analysis for emission monitoring. The company utilizes proprietary technology to deliver mobile emission monitoring solutions to both industry and regulatory authorities. Aeromon focuses on developing advanced compounds for the detection and monitoring of various airborne emissions, including gases, particulate matter, and noise. By enhancing situational awareness, Aeromon enables industrial customers to make informed decisions that support sustainable operations and contribute to environmentally responsible branding.

DataSpace Europe is a provider of data intermediation services focused on enhancing the operational capabilities of various sectors, particularly the Finnish food industry. By connecting stakeholders from agriculture to retailers and consumers, the company facilitates the effective use of data as a valuable resource. Its services encompass the management of situational awareness, delivery security, service production, product development, and supply chain efficiency. Through these communal data services, DataSpace Europe enables organizations to create innovative solutions and improve their overall performance by leveraging data more effectively.

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.

Taaleri Bioindustry, founded in 2021 and based in Helsinki, Finland, focuses on developing and investing in industrial-scale plants that promote the global bioeconomy. The firm aims to invest in disruptive technologies within the bioindustry sector across Europe, particularly in Denmark, Finland, Norway, and Sweden. Its investment strategy is executed through Taaleri Bioindustry Fund I, a growth expansion fund established in 2022, which targets investments ranging from EUR 10 million to EUR 25 million in 5 to 7 companies. The fund prioritizes sectors such as agricultural chemicals, industrial chemicals, specialty chemicals, packaging, forestry processing, textiles, and construction. Additionally, Taaleri Bioindustry emphasizes resource-efficient and sustainable materials, aligning its investment approach with impact objectives related to climate change.

QHeat is a geothermal energy technology company that specializes in providing sustainable and emission-free energy solutions. The company has developed an innovative coaxial geothermal heating, cooling, and energy storage system that significantly reduces greenhouse gas emissions. This patented technology allows for efficient utilization of geothermal energy, enabling the storage of waste energy from cooling processes underground for use in heating during colder months. QHeat serves a diverse clientele, including real estate owners, energy and heating companies, drilling companies, and energy consultants, all of whom benefit from the company's commitment to delivering low-emission energy solutions for built environments. Through collaboration with leading experts and universities, QHeat is positioned to contribute to a cleaner energy future.

P2X Solutions is a producer of green hydrogen and a pioneer in power-to-x technology. The company focuses on producing and refining hydrogen in a cost-effective manner to facilitate the development of synthetic fuels. By harnessing innovative technologies, P2X Solutions aims to support the transition to sustainable products, contributing to an emission-free society. Its efforts are geared towards promoting a better future through the advancement of renewable energy solutions.

Joensuu Biocoal is a developer of renewable technology focused on providing an alternative to fossil raw materials. The company specializes in the production of torrefied biomass derived from by-products of the certified forest industry. By leveraging innovative torrefaction technology, Joensuu Biocoal aims to enhance the applicability and scalability of its solutions for industrial use. This approach enables forest protectors to substitute fossil raw materials in their existing infrastructures, facilitating a transition to more sustainable practices without significant investments or major changes to production processes.

Aurelia Turbines Oy, founded in 2013 and based in Lappeenranta, Finland, specializes in the manufacture and marketing of two-stage gas turbines. The company has successfully commercialized technology developed at Lappeenranta University of Technology, backed 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 capable of operating on hydrogen, biogas, synthetic gas, and other renewable fuels. This innovative approach allows businesses to reduce operating costs while improving performance and minimizing environmental impact. The company retains extensive intellectual property rights related to its core technology and collaborates with world-class industrial partners to ensure scalability and ease of integration. Aurelia has received financing from various Finnish investors and was among the first in Europe to secure funding from the EU H2020 program, reflecting its commitment to developing high-efficiency and reliable energy solutions.

Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.

Elstor is a developer of innovative 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, enabling efficient on-demand storage and discharge for various industrial applications. By prioritizing cost-effectiveness and sustainability, Elstor aims to significantly reduce carbon dioxide emissions associated with traditional steam and heat production methods, thereby contributing to cleaner energy systems in the industrial sector.

Solar Foods Ltd., founded in 2017 and based in Lappeenranta, Finland, is a food-tech startup focused on producing sustainable protein alternatives through innovative technology. The company specializes in a process that utilizes electricity to generate hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This biomass is transformed into Solein, a nutritious single-cell protein that serves as an alternative to animal-derived proteins. Solar Foods' method relies on elements from the air, such as CO2 and nitrogen, and is independent of traditional agricultural practices, making it resilient to climate variations. By employing gas fermentation, Solar Foods aims to provide a sustainable solution for food production that addresses the growing demand for nutritious food ingredients and plant-based meat alternatives.

Volare Solutions specializes in transforming industrial food waste into valuable, sustainable products. The company focuses on converting food waste into protein, oil, and fertilizer ingredients using black soldier flies. This process aims to replace environmentally harmful components like fishmeal, soy, and palm oil in feeds and the chemical industry. By doing so, Volare helps large food companies achieve their climate and nature goals, contributing to a more sustainable food chain.