Stockholm bank energy storage plant

About Stockholm bank energy storage plant

Stockholm Exergi has secured a SEK 2 billion (approx. EUR 176 million) loan from NIB to support the construction of Europe’s largest Bio Energy Carbon Capture and Storage (Bio-CCS or BECCS) facility. Construction is set to begin in 2025, with the facility expected to be operational.

The European Investment Bank (EIB) has granted a loan of €260 million to Stockholm Exergi for the construction of Sweden's first large-scale bioenergy plant with carbon capture and storage (BECCS). Beccs Stockholm, which will begin construction at Värtaverket, is expected to be fully operational in.

Stockholm Exergi—the largest provider of district heating in the Stockholm region—is building a carbon capture facility to remove and permanently store 800,000 tonnes of biogenic CO₂ under the North Sea seabed annually. That’s more than the total emissions from road traffic in Stockholm during the.

With our planned carbon capture facility, Stockholm will become one of the first cities in the world to capture carbon dioxide on a large scale—while continuing to supply residents with district heating and cooling. Incredible, right? 800,000 tons of CO₂ —that’s how much the facility will capture.

The project will finance the construction of a Bio-Energy Carbon Capture and Storage (BECCS) facility in Stockholm. EIB financing will allow the promoter to develop a full-scale Bio Energy Carbon Capture and Storage (BECCS) facility in Stockholm. The project supports the climate targets of Sweden.

The project will finance the construction of a Bio-Energy Carbon Capture and Storage (BECCS) facility in Stockholm. The aim is to reduce CO2 emissions from electricity and heat generation, with positive climate and health externalities. As such, it supports the emission reduction targets of Sweden.

Today, Stockholm Exergi announces its decision to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment decision marks a major milestone in enabling permanent removals and will help Sweden and the EU reach their long-term climate.

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4 FAQs about [Stockholm bank energy storage plant]

Why did Stockholm exergi invest in a bioenergy plant?

The investment decision is a milestone to enable permanent negative emissions and will contribute to Sweden and the EU reaching its long-term climate goals. With the decision, Stockholm Exergi is starting the construction phase immediately with the goal of having the bioenergy with carbon capture and storage (BECCS) facility operational in 2028.

How much does Stockholm exergi invest?

Stockholm Exergi AB to invest around SEK 13 billion (≈ EUR 1.2 billion) and build one of the world's largest bioenergy with carbon capture and storage (BECCS) facilities.

How did Stockholm exergi get funding for a bio-CCS project?

Stockholm Exergi received financial support for its bio-CCS project from the EU Innovation Fund. Our project was selected for its potential to aid the transition of Europe’s energy sector and mitigate climate change. The EU funding amounts to €180 million. Voluntary Market.

Why did Stockholm exergi invest in Northern Lights?

Stockholm Exergi has selected Northern Lights as its partner for CO₂ transport and storage. This investment decision now enables Northern Lights to expand its capacity—an important step for future negative emissions projects and the foundation for what could become a new industry, positioning the Nordics and Europe as global leaders in this field.