“The Baltics are one of the most exciting regions for cleantech innovation in Europe. Estonia, Latvia and Lithuania can leverage their vibrant innovation ecosystems and strong demand for energy security and sustainability to develop and scale the technologies we need for a global net-zero emissions future. We believe that the Cleantech for Baltics coalition can be a platform for more coordination between investors, public decision-makers, innovators and companies to establish a new Baltic leadership in cleantech,” says Julia Reinaud, Senior Director at Breakthrough Energy.
Baltic countries are already taking ambitious steps towards the race to net zero with vibrant innovation ecosystems, regional and national policies in place, and more under development, not to mention the growing number of climate-aware industrial players, venture funds focusing on cleantech, sustainability-oriented citizens, and world-class scientists. As a group of three agile countries with shared sustainability and energy security goals, the Baltic region can build on cross-border synergies and complementarities to become one of the leading regions for developing and deployment the next generation of clean energy technologies.
“The Baltics are a great launchpad for cleantech innovation. The strong start-up culture means ideas can be validated quickly, before being scaled across Europe. We are thrilled to see Baltic countries coming together to make cleantech a regional strategic priority,” says Jules Besnainou, Executive Director at Cleantech for Europe.
“While our countries share a somewhat similar culture and history, the ambitions and progress in the cleantech sector innovation haven’t been too coordinated. Now, with the help of world-class leadership, we are translating the strategic development into a tremendous economic potential,” says Erki Ani, Chief Executive Officer at Cleantech for Baltics.
Issuing the Baltic cleantech sector report, looking at investment figures into innovative startups and policy-level opportunities or hindrances in Estonia, Latvia, and Lithuania marks the first step towards the planned activities of the initiative. Moreover, strengthening the core of Cleantech for Baltics, the founding members of the investor’s coalition held the first meeting on November 29 to align the interests and paths forward in seeking broader scale capital allocation opportunities and insights from the Baltics VC community.
Cleantech for Baltics is supported by Breakthrough Energy and powered by Cleantech Estonia, Greentech Cluster Latvia and Sunrise Valley Science and Tech Park.