In Feruary 2019, Phoenix BioPower was granted 2.95 MSEK in support from The Swedish Energy Agency. The grant is related to a project for business development, parnter recruitment and funding strategy.
The project will run 2018 through 2020 with the purpose of facilitating and accelerating the coompanys business development activities in parallel with its technology development.
The BTC technology under development at Phoenix BioPower is both capital and competence intense and for that reason partners for the technology development and industrialization is necessary. This project aims to adress this need in order fo facilitate the succesful developement and commercialization of the BTC technology globally. Total budget for the project is SEK 6.5 MSEK.