EIB invests €40 million in Meva Energy

Molindo portfolio company Meva Energy has secured €40 million in venture debt financing from the European Investment Bank (EIB). The funding will accelerate the rollout of Meva’s modular gasification plants, which convert biomass residues into renewable, industrial-grade biogas for manufacturing industries.

The investment will support upgrades to Meva’s plant with Sofidel in Sweden and the construction of new units for IKEA in Poland and Elcowire Group in Sweden.

“Meva’s technology offers a compelling pathway for industries to decarbonise without compromising on quality or cost,” said Karl Nehammer, EIB Vice-President responsible for energy.

The EIB financing strengthens Meva’s position as a leading technology provider in sustainable industrial energy solutions and marks an important step in the company’s European expansion.