Tag Archives: Finland

NIB Provides €18.3 Million Financing for LEED Platinum Rental Housing in Turku and Kirkkonummi

(IN BRIEF) NIB has extended an €18.3 million, 10-year loan to Joo Group Oy to support four new residential buildings in Turku and Kirkkonummi, Finland, totaling a €40 million investment. Slated for delivery in 2025, the developments will add nearly … Read the full press release

Metso Brings Induction Heating Recycling Technology In-House with TL Solution Acquisition

(IN BRIEF) Metso will acquire TL Solution’s recycling operations and induction heating technology development capabilities to strengthen its mill lining recycling services. This move follows Metso’s 2022 introduction of the Poly-Met™ recycling service and builds on over a decade of … Read the full press release

Fortum and P2X Solutions Forge Partnership to Deliver Green Hydrogen from Kalla Test Center

(IN BRIEF) Fortum will supply green hydrogen to P2X Solutions under a new sales agreement, with hydrogen produced at Fortum’s 2 MW Kalla test center in Loviisa. P2X Solutions will handle onward distribution to its customers. This partnership strengthens Finland’s … Read the full press release

Luxembourg tops European fashion spending at €1 777 per person while Romania lags at €375

(IN BRIEF) NIQ-GfK’s pan-European analysis finds that average per-capita spending on clothing and shoes in 25 countries is €772, with Luxembourg (€1 777), Switzerland (€1 096) and Norway (€1 034) at the top and Romania (€375) at the bottom; fashion … Read the full press release

Bridging the Gap: How Academia and Industry Can Collaborate for a Sustainable Food Future

(IN BRIEF) The Food 2.0 project seeks to create a resilient food system by integrating circular economy practices and sustainability. Bridging the gap between academia and industry is key to translating research into practical solutions. Through initiatives such as rapid-fire … Read the full press release

University of Helsinki Research Offers New Insight Into Cancer Treatment, Paving the Way for Personalized Therapies

(IN BRIEF) A study by the University of Helsinki has uncovered why some breast cancer treatments, including immunotherapy, may not be effective for all patients. The research, focusing on the mechanical properties of tumor tissue, shows that softer tissue environments … Read the full press release

Valio Partners in PRIMARY Project to Explore Grass Biorefineries and Sustainable Solutions for the Agricultural Sector

(IN BRIEF) Valio is a key partner in the EU-funded PRIMARY project, which aims to transform agricultural by-products into valuable resources. As part of the project, Valio is exploring grass biorefinery innovations, including using grass juice to fortify feed protein … Read the full press release

Valio Leads Food 2.0 Initiative to Create a Sustainable, Resource-Efficient Food System in Finland

(IN BRIEF) Valio is leading the Food 2.0 initiative, a five-year research and development program focused on building a sustainable and resource-efficient food system in Finland. With over 170 partners, Food 2.0 is investing 100 million euros in R&D, aiming … Read the full press release

OP Financial Group Partners with Accenture to Transform Pohjola Insurance with Cloud and AI Solutions

(IN BRIEF) OP Financial Group has expanded its partnership with Accenture to modernize Pohjola Insurance, focusing on enhancing agility, operational efficiency, and customer experience. The collaboration includes implementing a cloud-based Guidewire platform to streamline IT applications, generate operational savings, and … Read the full press release

Koppö Energia Partners with thyssenkrupp Uhde for E-Methanol Plant Using Green Hydrogen and CO2

(IN BRIEF) Koppö Energia has chosen thyssenkrupp Uhde’s green methanol technology for its e-methanol plant in Kristinestad, Finland, part of a power-to-x project aimed at producing sustainable e-methanol for maritime and e-gasoline markets. This plant will capture CO2 and use … Read the full press release

EIB Finances €400 Million Helsinki Tramline Project to Boost Sustainable Transport

(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in financing to Helsinki for the development of the Crown Bridges Light Rail project, which will extend the city’s tram network to three eastern suburbs. The project includes the … Read the full press release

Vaisala’s Xweather Optimize Helps District Heating Providers Save €300,000 Annually by Improving Weather Forecast Accuracy

(IN BRIEF) Vaisala’s Xweather Optimize enhances the accuracy of weather forecasts for district heating providers, leading to savings of up to €300,000 annually. By improving forecast accuracy, district heating operators can optimize energy production and distribution, reduce operational costs, and … Read the full press release

Valio Expands Sustainability Bonus Program to Support Finnish Dairy Farms in 2025

(IN BRIEF) Valio’s updated sustainability bonus program for 2025 will distribute nearly EUR 60 million to its dairy farms, rewarding actions that improve animal welfare, reduce carbon footprints, and support biodiversity. With an emphasis on climate actions such as carbon … Read the full press release

Eckerö Line Becomes Finland’s First Maritime Operator to Use Neste’s Renewable Diesel

(IN BRIEF) Eckerö Line has become the first Finnish maritime company to use Neste MY Renewable Diesel in commercial operations, helping it meet the 2% emissions reduction target of the 2025 FuelEU Maritime regulation. The renewable diesel, produced from 100% … Read the full press release

Helsinki’s Biomedicum 1 to Slash Energy Use by 60% Thanks to NIB-Financed Renovation

(IN BRIEF) The Nordic Investment Bank (NIB) has granted an €8 million loan to Kiinteistö Oy Biomedicum Helsinki to finance the renovation of Biomedicum 1, a key research and education building in the Meilahti medical campus. Scheduled for completion by … Read the full press release

Outokumpu Executes Convertible Bond Conversion and Offsets With Treasury Share Cancellation

(IN BRIEF) Outokumpu is converting EUR 2.5 million of its outstanding convertible bond into 941,832 new shares and simultaneously canceling an equal number of treasury shares to keep its total share count unchanged. Following the transaction, the company will retain … Read the full press release

Nordex Group Q1 Performance Surges to 2.2 GW with Increased ASP and Strong Orders from Türkiye, Germany, and Finland as 337 Turbines Are Booked Across 10 Countries

(IN BRIEF) The Nordex Group reported a 5 percent year-on-year increase in order intake for Q1 2025, reaching 2,182 MW in its Projects segment (excluding the Service business), up from 2,086 MW in Q1 2024. In addition, the average sales … Read the full press release

Nordex Secures Landmark Nordic Orders with OX2 to Propel Finland’s Wind Energy Expansion

(IN BRIEF) Swedish renewable energy company OX2 placed two significant orders with the Nordex Group for 70 N175/6.X wind turbines, marking the first use of this new turbine model in the Nordic region. The orders, which come with a 35-year … Read the full press release

Saab Launches Serial Production of Sirius Compact at New Tampere Facility

(IN BRIEF) Saab has launched serial production of its advanced passive electronic warfare sensor, Sirius Compact, at a new facility in Tampere, Finland. The opening, attended by Finland’s Minister of Finance and Deputy Prime Minister Riikka Purra and Tampere’s Mayor … Read the full press release

Outokumpu, Alfa Laval and SSAB Unite for Ultra-Low Emission Cooling at Helsinki Hospital

(IN BRIEF) Outokumpu has partnered with Alfa Laval and SSAB to provide cutting-edge plate heat exchangers for the Laakso Joint Hospital project in Helsinki. As part of a major redevelopment effort led by the City of Helsinki and Helsinki University … Read the full press release