Agência para o Investimento e Comércio Externo de Portugal


Despite the pandemic, nvestments in the Nordic cleantech sector increased by 33% in 2020 to EUR 1,836 million.

More than 70% of the invested capital went to Swedish companies, especially the battery-powered Northvolt, the oat drink company Oatly and clothes recycler, Renewcell.


In total, the three companies raised almost EUR 800 million, according to an annual summary from Cleantech Scandinavia.


The fastest growing sectors in cleantech right now are foodtech, with a plethora of companies focused on new protein sources, logistics and mobility as well as sharing economy, according to Magnus Agerström, CEO of Cleantech Scandinavia. “We see more companies close to consumers than before. But electrification and new materials are also two hot sectors,” he says.