Smoltek secures SEK 2 million in funding from Swedish Energy Agency for battery research
The Swedish Energy Agency has awarded Smoltek Nanotech Holding AB approximately SEK 2 million to advance the development of new battery technologies.
Smoltek Nanotech Holding AB has been granted approximately SEK 2 million by the Swedish Energy Agency to support its ongoing development of next-generation battery technologies. The company will utilize the funds to conduct research and validation testing in collaboration with RISE Research Institutes of Sweden.
The financing package includes a direct grant of SEK 500,000 provided to Smoltek, while the remaining SEK 1.5 million is allocated to support the collaborative project costs alongside its research partner. This funding arrangement is intended to facilitate the technical advancement of Smoltek’s core battery development programs.
The capital infusion comes at a time when the energy storage industry is seeking more efficient and high-performance material solutions. Smoltek intends to use the grant to validate its technical hypotheses and scale its experimental efforts in the battery space.