Solar Foods Oy. The company’s revolutionary and patented food innovation is Solein protein. Solar Foods commercializes Solein protein and the technology platform used to produce it, known as hydrogen fermentation, for use by food companies. Solein can be produced anywhere renewable energy is available, such as in deserts or even in space, without the need for arable land. The main raw materials for the production process are carbon dioxide and electricity. The company has the ability to continuously grow food from a single microscopic seed.
Solar Foods’ technology offers a completely new opportunity to improve the availability, price stability, and quality of food ingredients, as well as a way to reduce environmental impact.
The company’s most important and largest customer group in terms of volume are global and local food companies that sell food products to consumers under their own brands. Solar Foods has secured over 20 international customers for product development, including some of the world’s largest food producers.
According to the company’s estimation, the global market size for protein products is massive, exceeding €2 trillion.
The company’s current investors include Oy Karl Fazer Ab, Lifeline Ventures, Bridford Investments Limited, Voima Ventures (VTT Ventures), Happact I-50 Limited, Turret Oy, and Holdix Oy.
Investment in year 2023 and 2024.