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Mistral AI invests $1.4 B in Sweden

French AI startup will build data centres in Sweden, boosting Europe’s AI infrastructure and hosting next-gen models by 2027.

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Nynas trials ocean-inspired CO₂ storage

Pilot project in Nynäshamn tests a chemical alternative to conventional CCS, linked to hydrogen production and aimed at scalable, cost-efficient carbon storage.

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Hyosung lands $155 M grid contracts

South Korea’s Hyosung Heavy Industries secures $170m in extra-high-voltage equipment orders across the UK, Sweden, Spain and Norway.

Hitachi Energy expands Piteå factory

Hitachi Energy expands Piteå factory

Hitachi Energy is expanding its transformers components factory in Piteå by investing in new machinery and increasing the number of employees by 50%.

Ellevio acquires Markbygden Net Vast AB

Ellevio acquires Markbygden Net Vast AB

Swedish energy company Ellevio has acquired Markbygden Net Vast AB, a company building a power network in the northern Swedish region of Norrbotten.

Hitachi Energy’s investment in Sweden

Hitachi Energy’s investment in Sweden

Hitachi Energy is investing in a renewable energy generation plant next to its factory in Figeholm, Sweden, thus marking a step toward becoming carbon neutral.

Aurora Line construction on track

Aurora Line construction on track

The main objective of the line is to increase the cross-border transmission capacity by 800 MW from Sweden to Finland and 900 MW from Finland to Sweden.