- EIB provides €40 million to Meva Energy for biogas plant expansion.
- Meva's technology converts biomass residues into climate-neutral biogas.
- The investment supports EU climate and energy security goals.
- Meva's biogas can replace fossil gas in various industries.
Investment Overview
The European Investment Bank (EIB) is providing €40 million in venture debt financing to Meva Energy AB, a Swedish cleantech company. This funding aims to support the expansion and enhancement of Meva's modular gasification plants, which convert biomass residues into climate-neutral, industrial-grade biogas.
Technological Advancements
Meva's innovative technology offers a practical, on-site alternative to fossil gas for manufacturing industries. By converting local biomass residues into renewable energy, Meva supports industrial decarbonization in sectors such as pulp and paper, wood processing, and metals. The by-product, biochar, contributes to negative emissions by storing carbon in soil.
EU Climate Goals
The project aligns with EU climate and energy security objectives, advancing next-generation bioeconomy technologies. Meva's solutions promote sustainable forest management and deliver benefits for agriculture, soil remediation, and permanent carbon storage.
Market Expansion
The EIB's investment will enable Meva to scale up beyond its current demonstration plant in Kisa, Sweden, enhancing its technology and entering new markets. This expansion supports Europe's transition to cleaner energy and greater energy independence.
