On Friday 21 October the Company received a decision from the Swedish Energy Agency to grant a new project called "BioPower2023", which we will execute with our research partners at RISE Research Institutes of Sweden KTH Royal Institute of Technology and our Industrial Reference Group, including Drax Group.
We are especially happy to note that a part of the Agency's motivation to grant the project is that
"The BTC concept is judged to have the potential to contribute to the Swedish #energytransition, where electricity production from biomass will play an important role. Furthermore, the Swedish Energy Agency assesses that the chances of implementation are good as the actor constellation consists of relevant actors who actively contribute to the project."
The project shall continue the development of the novel BTC technology with our partners. In particular, we shall validate key capabilities of the combustion and gasification technologies for robust and flexible operations with low quality fuels. Further, two pre-feasibility studies for demonstration plants operating with mixtures of waste wood and forest residues (Sweden) and energy crops (UK) will be done with some of the world's largest #biopower utilities.
Our humble thanks to the Swedish Energy Agency for your continued support of our development towards high efficiency biopower.
