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Finnish startups' overall funding is reaching a new record, largely due to significant investment rounds raised by deep tech companies like Oura, Iceye, IQM and Nest.ai. Smaller funding rounds (under €20 million) have been slightly less frequent than last year.
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Swedish energy company Elvy secured €500 million in financing to expand its home energy packages across Europe, offering solar panels, heat pumps, and home battery systems via a monthly subscription model. Aiming to reduce upfront investment and energy costs for homeowners.
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Elvy, a Swedish energy company, has secured €500 million in funding to offer integrated home energy solutions via a subscription model, including solar panels, heat pumps, and home battery systems. The aim is to provide homeowners with predictable energy costs and reduce reliance on the grid.
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Finland is becoming a leader in small modular reactor (SMR) technology, with plans for 50-100 small nuclear power plants in the 100-200 MW range to be built.
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Wärtsilä is delivering a 120 MW power plant with a new function designed to prevent power grid failures, marking a significant advancement in grid stability technology.