SWEDEN - STF backs SEK 15m Swebo funding

Founded in 1976, the company originally developed biofuel boilers. Today, Swebo works closely with Luleå University of Technology to create heating systems using environmentally friendly biofuels for both construction projects and boiler replacements for all types of heating plants.

In 2008, Swebo secured an agreement with New England Wood Pellets (NEWP), one of the largest pellet producers in the US. This cooperation entails Swebo distributing its small and medium sized bioenergy systems throughout the US.

Sustainable Technologies first invested in the business in 2007. The recent capital injection will fund US expansion.

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• Topics
• Expansion
• Nordics