Solar Foods Receives EUR 77,8 Million Grant and Loan Financing for the Construction and Commissioning of Factory 02

Solar Foods wins $89.2m backing for ‘protein from air’ factory, but final investment decision still pending

Finnish startup Solar Foods has just secured €77.8 million ($89.2 million) in grants and loans from Business Finland towards its first commercial-scale food production facility making protein from “thin air” via gas fermentation, but says the funds are contingent upon securing additional debt financing. Founded in 2017 as a spinoff from VTT Technical Research Centre of Finland and LUT University, Solar Foods is one of a handful of players making…

Solar Foods Gets $90M Funding Package to Build Solein Gas Protein Factory

5 Mins Read Finnish gas protein firm Solar Foods has secured €77.8M ($89.6M) in grants and loan financing from Business Finland to construct its industrial-scale factory. Shortly after making its US debut, Solar Foods has received a comprehensive financing package to expand its capacity to produce Solein, its gas-fermented protein. The company has received €77.8M ($89.6M) in funding from Business Finland, an arm of the Finnish economic affairs m…

Solar Foods receives EUR 77,8 million grant and loan financing for the construction and commissioning of Factory 02

Business Finland has on 17 June 2026 granted funding for Solar Foods amounting to EUR 77,8 million. The funding decisions consist of a grant amounting to EUR 39,6 million and an R&D loan amounting to EUR 38,1 million, related to the company’s IPCEI (Important Projects of Common European Interest) notification approved by the European Commission. The funding is intended for the construction and commissioning of Factory 02 in Selkäharju, Lappeenra…