ETC Launches New IT Company Focusing on Renewable Energy Solutions
ETC IT aims to establish an independent IT service provider in Sweden, focusing on renewable energy and open-source technology. The initiative seeks to challenge major international tech companies by offering local, sustainable alternatives.
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ETC IT plans to consolidate the IT operations of the ETC group, focusing on services such as server hosting, broadband, digital storage, and energy management. The company will launch its server hall for external customers in summer 2026, providing solar energy-driven broadband solutions for individuals and businesses.
The initial capital raise in August 2026 will amount to 10 million SEK, with shares priced at 1,000 SEK each. The goal includes reducing dependence on high-emission energy sources and promoting local renewable energy production. The company intends to list on a trading platform to facilitate investments.
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