Welcome to the Q2 briefing of 2023. The Baltic cleantech sector is continuing its steady growth in Q2 leading the way in sustainable innovation. Announcements of public support for cleantech (funding from state budget and EU funds) of over 450M EUR is outweighing the private investments of 6.9 M EUR to transport & logistics, agriculture & food, resources & environment and enabling technologies.
- On May 23rd Cleantech for Baltics launched the Ecosystem Coalition. This coalition is addressing the Baltic cleantech challenges, improving investments, and influencing policy development to support the growth of cleantech startups and scaleups in the region.
- In early 2023, Lithuania launched calls exceeding 250M EUR to boost its cleantech sector. These incentives target sustainable energy, pollution reduction, green hydrogen production, and private solar energy growth. This showcases Lithuania’s dedication to innovation and sustainability, placing it as a leader in the global cleantech shift.
- In June, the BalticSeaH2 project was launched – the first cross-border hydrogen valley in Europe. The goal is to create an integrated hydrogen economy around the Baltic Sea to enable self-sufficiency of energy and minimize carbon emissions from different industries. The project includes 40 partners from nine Baltic Sea area countries, including Estonia, Latvia and Lithuania with Estonian and Finnish gas grid operators leading the consortium.
- In June, the modified RRP for Estonia got confirmed by EC and the budget for green investments and reforms increased from 0.4 to 0.6 billion. This increases the total RRP pan-Baltic budget to 2.1 billions for the green transition.
The full Cleantech sector insights for Q2 2023 could be found HERE.