GREEN14 funding news – Stockholm-based GREEN14 Raises €2M in Funding

This cooperation aims to support more sustainable silicon production and ensure the supply of critical raw materials needed for a renewable future.
GREEN14’s innovative hydrogen plasma technology transforms quartz into high-purity silicon with significantly lower emissions compared to traditional methods.

This new approach has the potential to transform silicon production, a key component in solar panels and other technologies, while addressing the urgent need for cleaner industrial processes.

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The relevance of domestic production of critical raw materials has never been more apparent. Recent global developments have seen an increase in export bans on CRMs such as rare earth elements, lithium, and silicon—materials indispensable to technologies like solar panels, semiconductors, and electric vehicles.

As Europe strives to meet its renewable energy goals, reliance on imported CRMs poses both economic and strategic risks. Strengthening Europe’s capacity to produce these materials locally ensures greater resilience and independence, safeguarding the supply chain for the green transition.

Adam Podgorski, CEO of GREEN14 said, “Europe’s ability to secure critical raw materials is vital to achieving its climate ambitions and ensuring independence. GREEN14’s technology represents a step forward in more sustainable silicon production, and the investment supports this ambition,”.

The funding from Ingka Investments will support GREEN14’s ongoing development of its pilot facility and accelerate the scaling of its hydrogen plasma technology. The agreement also stipulates terms for a future off-take agreement, granting Ingka Investments the potential to become a substantial buyer of the material produced.

Frederik de Jong, Head of Renewable Energy at Ingka Investments said, “By investing in Green14, we are leveraging a royalty-based model with the option to buy more sustainable silicon for our solar panel sourcing at an advantageous rate. This investment underscores the importance of continuous innovation within the renewable energy industry, ensuring a more sustainable and resource-efficient future”,.

About GREEN14

GREEN14 is at the forefront of sustainable silicon and other critical raw material production, utilizing innovative hydrogen plasma technology to reduce emissions by over 95% compared to traditional processes. The company aims to deliver cleaner industrial solutions while addressing critical raw material challenges and enhancing resilience in the supply of critical materials during the transition to renewable energy.