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Solar Foods Receives €10M to Scale Production of its Protein Made Out of Air

by Chris Albrecht
April 8, 2021April 9, 2021Filed under:
  • Alternative Protein
  • Foodtech
  • Funding
  • Future Food
  • News
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Solar Foods, which literally makes protein out of air, announced today that it has received €10 million (~$11.98 million USD) in funding from the The Finnish Climate Fund. The subordinated load will go towards revving up commercial-scale production of the company’s product, Solein. This brings the total amount of funding raised by Solar Foods to €35 million (~$41.6 million USD).

Based in Finland, Solar Foods uses a combination of captured carbon dioxide, bacteria and electricity to create Solein, which can make multiple food items including alternative proteins. A big promise of Solein’s is its narrower impact on the planet than traditional animal agriculture or even plant-based protein. It doesn’t require land or water, and is not dependent on weather. According to today’s press announcement, Solar Foods said that Solein creates roughly one percent of the greenhouse gas emissions of meat protein and 20 percent of those from plant protein production.

The technology was borne out of research from VTT Technical Research Centre of Finland and LUT University of Finland. Solein is now in the commercialization stage, and the new funding will be used to build a pilot production facility. The new facility will include a food bar and is scheduled to start operations in early 2023.

The nothingness of air is really turning into something in the alternative protein space. In addition to Solar Foods, the aptly named Air Protein does much the same thing and recently raised $32 million. Deep Branch calls itself a carbon dioxide recycling company because it turns CO2 into protein for animal feed, and recently raised nearly $10 million. And Swedish researchers at RISE have developed technology to turn air into fat.

For more on this nascent science and protein sector, check out our The Spoon Plus Insider Guide to Air Protein.


Related

Solar Foods Raises an Additional €15M, Closes Series A Round

Solar Foods, an air-protein company based out of Finland, announced this week it has closed out its Series A round with €15 million (~$17.8 million USD) in new financing. The investment was led by Fazar Group with participation from Bridford Investments Limited, Agronomics Limited, Lifeline Ventures, and CPT Capital. It…

Solar Foods Gets $5.2M to Commercialize Protein Made From Air

Finnish startup Solar Foods has been granted €4.3 million (~$5.2 million USD) in financing from government organization Business Finland. The new funding follows a Series A fundraise from September and brings Solar Foods’ total amount raised since the company began in 2017 to €24.8 million (~$30 million USD).  These new…

The Spoon Plus Insider Guide to Air Protein

Executive Summary The global population will skyrocket to almost 10 billion by 2050, while demand for protein is projected to as much as double during this period. At the same time, agricultural resources like water and soil are finite, and whether for raising animals or plants, traditional forms of farming…

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Tagged:
  • Air Protein
  • alternative protein
  • Solar Foods

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