Swedish Energy Agency Allocates SEK 10.17 Billion for Bio-CCS Reverse Auction
The Swedish Energy Agency has initiated a SEK 10.17 billion reverse auction to promote bio-CCS infrastructure, addressing financial barriers in carbon capture. This initiative aims to support the national climate strategy for net-zero emissions by 2045.
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Energimyndigheten's reverse auction offers SEK 10.17 billion to support bio-energy with carbon capture and storage (bio-CCS) in Sweden. This funding, available for up to 15 years, targets operators generating biogenic carbon dioxide and aims to overcome economic challenges associated with carbon capture and long-term geological storage.
The auction is open until August 13, 2026, focusing on permitted industrial and combustion facility operators. Winning projects must store carbon within four years of funding approval, providing a structured framework to enable investment in negative-emission technologies. This initiative is crucial for developing a viable bio-CCS supply chain in Sweden, as it offers financial certainty to enhance commercial operations.
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