Solar Foods wins €77.8M funding package for Factory 02 expansion

Solar Foods has secured €77.8 million in grant and loan financing to support the construction and commissioning of Factory 02. The funding package comprises a €39.6 million grant and a €38.1 million R&D loan, awarded under the company's participation in the Important Projects of Common European Interest (IPCEI) programme, which was approved by the European Commission. Solar Foods has developed a proprietary microbe that feeds on carbon dioxide (CO²) and hydrogen to grow a high-protein food ingre