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The Finnish Cleantech Market In 2010

clean-tech-openRecently, we have seen increasing investor interest in the Finnish cleantech market, which closed a total of €40-50m worth of investments in Q3 including those in companies such as European Batteries, a large scale lithium ion battery manufacturer, Nokia spin-off There Corporation, a sub/smart metering technology provider, and Preseco, a waste-to-energy company. Investments in Finnish clean technologies represented around 50% of cleantech VC investments in the Nordics, which closed a total of €100m worth of investments (source: Cleantech Scandinavia). Examples of Nordic investments are  in companies like Danish biomass fuelled engine technology provides Stirling, Swedish nanowire semiconductor LED developer Glo (a link to release), Norwegian solar cell manufacturer Innotech Solar and EV company Think Global.

But will the investments in Finnish clean technologies in 2010 exceed those for 2009? We do not know the final figures for 2009 yet.  In 2008, Finnish cleantech companies posted a total of €139.5m in investments, which represented the highest proportion (37%) of total investments (€372m) in all Nordic countries.

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Picodeon Sells Coldlab Deposition Technology Also For Cleantech

picodeonDespite of our arctic geographical location in Finland, we have a technology link for a global solar energy market. The advanced coating technology companies like BraggOne, Beneq and Picodeon offer solutions also for thin film PV and cell industry. It is worth pointing out that based on nanotechnology, all of these companies have wide-range of applications also for other industries than cleantech.

Picoden Coldlab laser deposition technology is a disruptive coating and thin film deposition technology. It can deposit virtually any type of layer onto any material. The company sells a solution which is a combination of licenses (IPR), hardware tailored for the application as well as engineering and coating services.

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