Cleantech for Baltics representatives took part in “Energy Future in the Baltic Sea” conference

On October 4th, Investment and Development Agency of Latvia organized the Business Forum “Energy future in the Baltic Sea”, promoting closer and more efficient cooperation between the countries of the region and promoting the offer of the region as a whole.

The main themes of the Forum were:

  • Renewable energy and its future in a carbon neutral economy
  • Hydrogen technologies – challenges, future and innovation
  • Promoting clean energy innovation

Representatives of energy, hydrogen and other related industries were invited to join. There were an opportunity to share experience with the region’s energy and hydrogen leaders, learn or confirm the latest trends and gain insight into the future of technology.

Imants Martinsons, Director Latvia of Cleantech for Baltics, moderated two different panel discussions: “Boosting the Deployment of Renewable Energies – Supply Chains, Financing, & Policy Issues” and “Perspectives of Renewable Energy Development and the Role of H2 Valleys.”

In another panel, Kädi Ristkok, CEO of Cleantech for Baltic, brought attention to the challenges and strengths of the Baltic cleantech sector. Some challenges included the need to create regulatory sandboxes for cleantech innovation, unstable public financial support and lack of non-grant, non-equity financial measures, and urgency to brand the Baltics as a global cleantech hotspot. Our strengths lie in a growing interest in the cleantech sector among local investors, a strong entrepreneurial culture, and a collaborative system.

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