Baltic Cleantech Insights 2024

Reports
Purple
“In 2024, the Baltics continue to confirm their spot as a global leading cleantech region,” says Kädi Ristkok, Executive Director of Cleantech for Baltics. With an increasing public and political focus on security and economic competitiveness, clean technologies are taking an increasingly central position as per their contributions to energy security, strategic autonomy, resilience and industrial competitiveness. In Estonia, the sector continued its steady upward trajectory, marked by more later-stage deals and strong public support for early-stage ventures, setting the stage for greater export activity and dual-use applications in 2025.
Baltic Cleantech Insights 2024

Across the region, cleantech momentum was driven by ambitious national strategies and expanding public-private support. “In 2024, Lithuania’s cleantech ecosystem reached new milestones—from transformative green infrastructure investments to bold policy shifts and innovative funding programs,” noted Laima Balčiūnė, Director for Lithuania. In Latvia, progress continued through increased climate targets and early-stage support. As Imants Martinsons, Director for Latvia, observed: “Despite structural challenges such as limited piloting infrastructure and access to scale-up capital, the Baltics are increasingly positioning themselves as a dynamic and agile testbed for cleantech solutions in Europe and beyond.” Together, the three countries are proving that compact, innovation-driven ecosystems can shape Europe’s green future.

Click here to read the 2024 Baltic Cleantech Insights.

Related Publications