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Solar Foods has secured €77.8 million in grant and loan financing for Factory 02 expansion. The funding includes a €39.6 million grant and a €38.1 million R&D loan.
Sep 01, 2026•about 4 hours ago
FinlandManufacturingBiotechnologyFood and Beverage
Description
Solar Foods has won a €77.8 million funding package to support the construction of Factory 02. The financing includes a €39.6 million grant and a €38.1 million loan under the IPCEI programme. This funding is part of their strategy to support the production of Solein, a high-protein food ingredient. Solar Foods continues to innovate by detaching food production from traditional agriculture methods.
Company Information
Company
Solar Foods
Location
Finland
About
Solar Foods has developed a proprietary microbe that feeds on carbon dioxide (CO2) and hydrogen to grow a high-protein food ingredient called Solein®. In December 2022, Solar Foods received €34 million in grant funding to support the construction of its first commercial scale facility, Factory 01, scheduled to be operational in the first half of 2024.