Sweden
Modvion, founded in 2015 and headquartered in Sweden, is pushing forward the frontiers of renewable energy by constructing wind turbine towers from laminated wood, described as "nature’s own carbon fibre." This innovation aligns with their slogan, "Modvion accelerates the transition to renewable energy and materials by building wind turbine towers in laminated wood," targeting significant cuts in emissions by swapping out steel and concrete.
By utilizing a patented modular system, Modvion can produce wind towers that achieve industry-desired heights cost-effectively, with streamlined logistics facilitating easy transportation. This approach marks a major leap in producing carbon-neutral, tall wind towers.
The company received a €11.00M Early VC investment on 01 February 2023 from investors including Almi Invest, Course Corrected, Symbia VC, Vestas Ventures, and the EIC Fund. Their operations enjoy backing from the Swedish Energy Agency, the Västra Götaland region, and the EU Horizon 2020 EIC Accelerator, reflecting substantial institutional support for this promising clean energy venture.
