€224 million from the EU Innovation Fund for Vetyalfa
Through its 2025 Hydrogen Auction, the European Commission has selected nine flagship projects from its Innovation Fund to proceed to contract negotiations. The Cloudberry project by the Finnish company Vetyalfa Oy is also set to receive funding. The Commission published the results of the auction on May 7, 2026.
The selected projects will receive a total of approximately €1.09 billion in EU funding, of which the Finnish project’s share would be approximately €224 million. This is the largest amount of funding ever granted to Finland from the EU Innovation Fund. The final amount will be confirmed once the approved projects sign a grant agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA).
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Originally published on 7 May
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One of the largest biotechnology investments in Lithuania in recent years is gaining momentum – the construction of Pentasweet’s €65 million brazzein sweet protein factory. This major national investment project has entered a new stage: a symbolic capsule has been placed into the foundations of the future factory at the Vilnius City Innovation Industrial Park. The factory is expected to begin operations in the first half of 2027.
“Lithuania is consistently strengthening its high value-added economy and is capable not only of creating innovation but also of turning it into real projects. The Pentasweet factory is the first brazzein production center of its kind in Europe, demonstrating that Lithuania can be among global leaders in life sciences. This is a meaningful investment not only in the economy but also in people’s health. Solutions that enable reduced sugar consumption have great potential to transform the food industry and everyday habits”: Inga Ruginienė, Prime Minister
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Originally published on 22 Apr
Preparation of the first element for the Fehmarnbelt tunnel is well under way. The element, which is the first of a total of 89, has just been filled with 4,500 tonnes of ballast concrete. This increases the weight from 73,500 tonnes and enables the element to later sink in a controlled manner down onto the seabed.
The work inside the element has been carried out via a temporary access structure consisting of five shafts, which are bolted onto the watertight steel bulkheads that keep the water out. At one end there is a materials lift, a concrete shaft and a man‑access shaft, which also functions as ventilation. At the other end there is a ventilation shaft and an emergency shaft for personnel.
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Originally published on 22 Apr
We have recently introduced a refreshed Elcogen brand, including a new visual identity and a more detailed articulation, through a new website design, of who we are and what we stand for. This evolution reflects how our business has grown, how our technology is being applied, and the role we see ourselves playing in a rapidly changing energy landscape.
Our previous tagline focused only on enabling affordable green hydrogen. That remains central to what we do, but it is only part of the picture. At the heart of this brand update is our new tagline: Bridging the energy transition.
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Originally published on 22 Apr
In the North Kiviõli defence industry park in Estonia, ARCA Baltics Operations will begin producing 155 mm artillery ammunition. The total investment amounts to approximately €300 million, and the completed ammunition factory is expected to create up to 1,000 jobs in the region, with production planned to start in 2028.
“With the establishment of large-calibre ammunition production, Estonia is taking an important step in developing its defence capabilities and ammunition industry. ARCA is a rapidly expanding defence company that has in recent years developed a significant ammunition production hub in Turkey. ARCA Baltics Operations, established in Estonia, will build a factory in North Kiviõli where the primary focus will be on producing large-calibre 155 mm ammunition, including extended-range variants. Under the agreement, the Estonian state will also have the option to procure ammunition from this major producer if needed. In addition, the agreement signed today brings an investment of hundreds of millions of euros into the Estonian economy and creates hundreds of new jobs,” said Minister of Defence Hanno Pevkur.
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Originally published on 21 Apr
For the second time, the Finnish shipyard Meyer Turku has been selected for Business Finland’s leading company funding program, which challenges companies to increase their research, development, and innovation (RDI) investments in Finland. Meyer Turku’s MERiON – Future‑Ready Cruise Ships and Floating Infrastructure program will be implemented between 2026 and 2030.
MERiON continues Meyer Turku’s long-term RDI efforts following the previous NEcOLEAP program. The long-term objective of the new program is to ensure that Turku remains at the forefront of modern and technologically advanced shipbuilding also in the decades to come.
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Originally published on 21 Apr
CMP was proud to host the Danish Ports Conference 2026, held on 14–15 April at CMP’s Cruise Terminal in Nordhavn, Copenhagen. Organised by Danske Havne and held every two years, the conference brought together more than 200 participants from Denmark’s commercial ports, authorities, companies and industry organisations.
Under the theme “Safe Ports in Uncertain Times”, this year’s conference focused on the crucial role ports play in preparedness, resilience and supply security in an increasingly complex geopolitical landscape. Over two days, participants engaged in discussions on global security, economic developments, EU port policy and the future role of ports in society.
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Originally published on 16 Apr
On April 15, Delska, one of the leading data center operators in the Baltics, officially launched EU North Riga LV DC1 – a 10 MW data center designed for artificial intelligence (AI) and high-performance computing (HPC). The project has received the Latvian Construction Annual Award (1st place in the “Production Facility, Industrial Building” category).
The data center was created in response to the rapid growth of artificial intelligence and the resulting shortage of data center capacity in major European cities, which is pushing companies to look for new regions with available resources. The company notes that this project marks only the beginning of a broader expansion of data center infrastructure in the area, reinforcing the Baltic states’ role as a competitive and sustainable digital hub in Northern Europe.
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Originally published on 20 Apr
Estonian economy is starting 2026 on a positive note, with one of the most consequential deals of recent years, with domestic investors stepping in big time. Coop Estonia, the country’s largest grocery chain, has agreed to acquire all 13 Prisma Peremarket supermarkets from Finnish retail group SOK — in what is described as the largest domestic retail transaction in Estonia’s history, per ERR.
Prisma, which has operated in Estonia since 2000 and is part of Finland’s S-Group cooperative, employs over 700 people across stores in Tallinn, Tartu, Narva, Rapla and Harju County. Once the Estonian Competition Authority signs off on the deal — expected later this year — all stores will be rebranded under the Coop banner and staff will transfer accordingly. The financial terms have not been disclosed.
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Originally published on 16 Apr
Earlier today in Tallinn, Estonian Prime Minister Kristen Michal, Latvian Prime Minister Evika Siliņa and Lithuanian Prime Minister Inga Ruginienė convened for high-level discussions on regional cooperation, infrastructure and security. The meeting opened at the Rail Baltica Ülemiste terminal, where the three heads of government reviewed construction progress and debated on the strategic priorities of Rail Baltica.
Rail Baltica is the largest cross-border infrastructure project in the Baltic region and one of the most consequential investments Europe is making on its eastern flank. It integrates Estonia, Latvia and Lithuania into the European standard-gauge network, unlocks modern passenger and freight connectivity across the region, and serves a dual purpose of economic competitiveness and collective security, including military mobility in support of NATO. The shared commitment of the three governments remains firm: deliver the mainline and connect the region to Europe by 2030.
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Originally published on 17 Apr
In a move to strengthen regional security, the Polish Ministry of the Interior and Administration and the Council of the Baltic Sea States co-organised an expert roundtable on 17 April in Warsaw. The meeting brought together representatives from ministries of the interior, justice, and foreign affairs, as well as border guard agencies and academia. Discussions focused on the instrumentalisation of migration by Belarus and Russia — a hybrid threat aimed at destabilising the Baltic Sea Region through the organised and coordinated movement of vulnerable people towards the EU’s external borders.
The event addressed the intersection of national security threats, smuggling, and human trafficking. Expert contributions included situational updates from CBSS member states, a historical overview of the phenomenon, and a briefing on Lithuania’s legal proceedings at the International Court of Justice (ICJ) concerning the repeated illegal actions of Belarus.
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Originally published on 17 Apr