Posts Tagged ‘Finland’
€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
Read MoreTurku’s cruise summer combines familiar Favorites with Premium first-time visits
Rising gracefully from a maze of islands and skerries, Turku has become one of the Baltic Sea’s most appealing cruise destinations. Smooth port operations, from efficient disembarkation to clear passenger guidance, create ideal conditions for an unforgettable city visit. From the modern quay and terminal area, a short and straightforward route leads directly into the city centre, framed by the scenic Aura River, leafy parks and vibrant cultural quarters.
Turku Cathedral, the city’s museums and the medieval Turku Castle reflect a long and layered history. At the same time, the city’s strong culinary scene and the calm rhythm of a university town are felt in small yet lively everyday details, making the heart of Turku welcoming and easy to explore even during a short port call.
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Originally published on 7 May
Read MoreNIB supports energy resilience in the Baltics
The investments include investments to essential energy infrastructure across the three Baltic countries, including expansion of existing district heating systems, building a renewable heat production facilities, and investments in Battery Energy Storage Systems (BESS).
These investments will strengthen the energy infrastructure, increase system flexibility, and contribute to the diversification of the regional energy mix, strengthening the three Baltic countries’ energy resilience.
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Originally published on 5 May
Read MoreDeep tech startup Reduciner introduces novel technology to turn captured carbon into sustainable fuels
Reduciner, a deep tech startup originating from VTT, is commercialising a novel high-temperature technology that enables industrial companies to turn captured carbon dioxide (CO2) into usable fuel and valuable industrial raw materials. The company raised EUR 3.6 million in its first funding round, consisting of equity funding from Voima Ventures, Lifeline Ventures, and Mikko Kodisoja Foundation. In addition, VTT has transferred the underlying user rights to the technology and IP as an in-kind investment to the newly established company.
Reduciner’s technology involves a proprietary thermochemical process that efficiently converts CO₂ into carbon monoxide (CO), using renewable electricity and biogenic carbon. The innovation allows indirect electrification of combustion processes, enabling large-scale production of sustainable fuels and chemicals and a significant reduction of industrial carbon dioxide emissions globally. Since CO is already compatible with existing industrial systems, the solution allows companies to reduce emissions without costly infrastructure changes.
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Originally published on 5 May
Read MoreFinland’s first hydrogen-powered truck arrives in Oulu
The OSAO Education Consortium has signed an agreement with the Dutch company Holthausen Clean Technologies for the delivery of Finland’s first fuel-cell-powered semi-trailer tractor to be deployed in road transport. The vehicle is scheduled for delivery in August–September 2026.
The procurement is part of the joint VISIOK project between OSAO, the University of Oulu, and Oulu University of Applied Sciences, which aims to develop learning and research environments aligned with the green transition and to strengthen the role of vocational education, in particular in the adoption of new technologies. “This is not just about purchasing a vehicle, but a significant step toward building new expertise and sustainable logistics in Oulu. The hydrogen truck is a significant part of the region’s hydrogen ecosystem and brings a completely new kind of learning and testing platform to Finland,” says Project Manager Marjaana Komi.
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Originally published on 4 May
Read MoreFinland and Australia looking to join forces on quantum technologies
A delegation from VTT at the Quantum Australia Conference to discuss potential areas of collaboration with Australia’s national science agency, CSIRO, under VTT’s new ‘Quantum Leap’ project. The Quantum Leap project will focus on the practical implementation of quantum computing, including quantum software, error correction and mitigation, and components to make quantum computers more energy efficient, reliable and scalable.
Anu Kärkkäinen, Research Manager at VTT, said that an essential part of the Quantum Leap Project is about building strong networks with global quantum communities: “Quantum technologies are anticipated to provide unprecedented advances in computing, sensing and communications, with the potential to transform business and society globally. By joining forces with CSIRO, VTT aims to accelerate the development and real-world impact of quantum solutions. Collaboration is key to finding new opportunities.”
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Originally published on 30 Apr
Read MoreKONE and TKE to combine, creating a world-class company in the elevator and escalator industry
KONE Corporation and a consortium led by Advent and Cinven, through their jointly controlled holding company Vertical Topco I S.A., have entered into an agreement to combine KONE and TKE in a cash and share transaction.
This industry-revitalizing transaction brings together two exceptional global businesses with highly complementary geographic footprints and innovation platforms. The combined group would have a balanced global presence, leading service and modernization capabilities, and the resources to accelerate the development of new solutions and digital services. As such it would be in a better position to meet its customers’ rising demand for safe, sustainable and data driven urban vertical transportation solutions. The combination would offer substantial value creation from realized synergies, estimated to be approximately EUR 700 million on an annual run-rate basis, benefitting customers and shareholders alike.
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Originally published on 29 Apr
Read MoreRoyal Caribbean Group Confirms Order with Meyer Turku for Icon 6 and 7
Royal Caribbean Group (NYSE: RCL), a global vacation leader redefining the future of vacations, today announced it has confirmed with Meyer Turku the order of a sixth and seventh Icon Class ship to be delivered in summer 2029 and summer 2030, respectively.
The order is part of the company’s long-term framework agreement with Meyer Turku that secures the Group’s access to shipbuilding capacity through 2036 and includes the previously announced Icon 5 order to be delivered in 2028. Meyer Turku has been a key partner in developing the award-winning Icon Class, helping to bring to life the most innovative ships ever built and advancing the next generation of vacation experiences. The Icon 7 order is subject to customary conditions, including financing.
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Originally published on 27 Apr
Read MoreSitra’s year 2025: A record amount of funding for solutions to renew Finland and build sustainable growth
Sitra’s future-oriented work took a new direction in 2025, in accordance with the strategy adopted the previous year. Sitra decided to make a historically large special investment of EUR 50 million in strengthening the productivity of the public sector by using data and artificial intelligence between 2025 and 2028.
“The lack of economic growth, imbalances in public finances and the ageing population require significant reforms from Finland. The goal of the special investment is to provide a more sustainable basis for services and their funding in the future,” says Sitra’s President Atte Jääskeläinen.
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Originally published on 28 Apr
Read MoreEIB lends €250 million to KONE for next-generation elevators and smart people-flow technologies
The European Investment Bank (EIB) is lending €250 million to Finnish elevator and escalator company KONE to accelerate research, development and innovation in advanced building mobility technologies. The financing will support the development of next-generation elevators, escalators, auto-walks and intelligent digital solutions designed to optimise the movement of people in modern buildings and urban environments.
The EIB loan will support KONE’s research and innovation programme between 2026 and 2029. The activities focus on improving safety, performance and energy efficiency in elevators and escalators, while developing intelligent technologies that help manage people flow in increasingly complex urban environments.
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Originally published on 23 Apr
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