Solar Foods scores $89M for air-based protein plant
Dubbed Solein, the company’s protein is made by a specific microbe, which undergoes fermentation with air and electricity. The nutritionally rich ingredient can replace protein in virtually in any food, Solar Foods claims. The funds amount to a €39.6 million grant and €38.1 million loan.
“Supporting bold breakthroughs such as Solar Foods is part of Business Finland’s strategy,” Lassi Noponen, Director General of Business Finland, said in a press statement. “Our role is to raise the level of ambition in Finnish R&D by sharing risk with companies pursuing transformative innovations. We were able to structure a significant financing package by combining Business Finland funding with EU clean transition instruments. Projects like this carry risks, but they are exactly the kind of high-ambition, high-expertise investments Finland needs to create entirely new industries and future growth.”
Solar Foods aims to make the final investment decision for Factory 02 during 2026.
Category: Chemicals & Materials
