EIB: €40 M financing to Swedish cleantech Meva Energy AB

€40 M in venture debt financing: this is the amount of the investment of the European Investment Bank (EIB) to finance the scaling up of Meva Energy AB's innovative process to produce biogas, announced the EIB on 23/10/2025.

Meva manufactures modular gasification plants that convert biomass residues into climate-neutral, industrial-grade biogas, producing biochar as a by-product. The technology uses high-temperature gasification in an oxygen-limited environment to produce clean gas from a variety of biomass, including agricultural residues, pellets and industrial wood waste. Although less refined than biomethane, Meva's biogas is a highly promising renewable fuel that can be used directly for heat and power, or as a substitute for natural gas in industrial processes.

Furthermore, the modular design enables the plants to be installed directly on industrial sites, thereby reducing transport costs and ensuring energy security. Meva’s technology supports the decarbonisation of industries such as pulp and paper, wood processing, and metals by enabling the substitution of fossil fuels…