Showcase for New Clean  Technologies and Business Models   from the Nordics and Baltics

TOP 25 REPORT2017 2018

SWEDISH ENERGY AGENCY ENABLES A SUSTAINABLE WORLD THROUGH NEW SUPPORT

PROGRAMS FOR INNOVATIONS

The Swedish Energy Agency is the national authority for energy issues in Sweden. We work for the use of renewable energy, improved technologies, a smarter end-use of energy and mitigation of climate change. The Agency´s vision is a sustainable energy system.

The Agency finances research and development of new energy technology and actively supports business ventures that can result in increased growth in the Swedish and international market. We also support the development of existing products and functions so that they become more energy efficient. The Agency’s total budget in 2018 for research, innovation and

commercialization is around 160 million euro and approximate 16 million euro is earmarked to the new close-to-the-market support programs for innovations.

With the support programs the Agency have the possibility to support both smaller and bigger projects in different stages in a more efficient way than before. This is, for example, done by collaboration with innovation environments, our platform A challenge from Sweden and with our new grant-programs (Concept development, Verification with customer and Market launch).

SWEDISH ENERGY AGENCY’S CLOSE-TO-THE-MARKET SUPPORT PROGRAMS FOR INNOVATIONS

STAY TUNED FOR THE NEW PROGRAMS AT WWW.ENERGIMYNDIGHETEN.SE/EN/

CONTENTS4 About the Nordic Cleantech Open

About Cleantech Scandinavia

5 Windows

6 The Jury

26 Statistics

THE TOP 25 COMPANIES

Water & Wastewater

8 Altered

9 Blue Impact

C-Green

Mobility

10 Airmee

ApParkingSpot Nordic

11 APR Technologies

Donkey Republic

12 Parking Energy

Woshapp

Advanced Materials

13 Alina

Paptic

14 Graphmatech

Polylabs

Industrial processes

15 Altum Technologies

Distence

16 Fluid Intelligence

Energy

16 Smart Plants

17 Eliq

Heimdall Power

18 Epishine

Phoenix Biopower

19 Leanheat

Sphebotics

20 Enjay

Teraloop

INTERVIEWS

21 Trifilon

24 EnergyNest

The world needs new solutions to reduce carbon emissions and find sustainable and safe materials. The Nordics have proven to be in

the forefront of both. This is why we scout new startups in the region to find great ideas with business potential and environmental benefits; we do this via the Nordic Cleantech Open competition.

The hard thing for new ideas is the timing. When is the consumer going to make the change? When is the political environment favourable? When are other technologies and infrastructure supporting the uptake of my idea? For example, many electric vehicle (EV) producers have been ready for some

Editor: Tanja Tanskanen I Visual Designer: Tanja Korpilahti I Cover Photo: www.istockphoto.com

W is h i ng y ou i nsp i r i ng m oments w i th the Top 2 5 c ompan i es,Tanja Tanskanen Project Manager Nordic Cleantech Open

years already. It is the market pick-up that has been lacking – until now. We are happy to see solutions, such as charging technologies for EV’s and grid power optimization technologies, which support the integration of renewable energy, to reach to the Top 25 company list this year. Also in this edition, past Top 10 company of Nordic Cleantech Open, Trifilon, explains how timing was crucial in their product success.

Nordic Cleantech Open is on its seventh round now. We had 104 applicants from the Nordics and Baltics. We see clean technologies, lean models and the increasing use of state-of-the-art software solutions; for example, Fluid

Intelligence cuts oil waste by 50 % with their IoT solution. Entrepreneurs are also developing circular business models, for example for electronics (Circular Devices) and clothes (Repamera).

We received the highest amount of new applicants than ever before. It seems that the cleantech scene is strong. Also the dealflow into Nordic cleantech was going up again in 2016, after the drop in investments in 2012. It will be highly interesting times ahead as the ideas and investments meet the right timing in the market. The aim of Nordic Cleantech Open is to facilitate this; to connect the best startups with the best investors and industrial companies (see our Jury, p.6).

THE TIMING IS PROMISING

4

Application

Jury

Evaluation

Relation

Creation

ABOUT THE NORDIC CLEANTECH OPEN

The Nordic Cleantech Open is a business competition aiming to identify, strengthen and showcase the new early-stage clean technology

companies and business innovations in the Nordic and Baltic regions.

The Nordic countries are strong in innovation – especially on ideas, which have environmental benefits or reduce environmental harm. Therefore, we search the wide scene of startups in the cleantech area to find new innovative and promising cleantech companies each year. As the small companies with big ideas often need external funding and partners to succeed further, Cleantech Scandinavia together with our jury members and partners can support. For example, investors can contribute at a relatively low cost and the competences that “smart money” can provide for these companies will provide great payback on investments.

Each year, an international jury of more than 40 influential representatives from venture capital firms and multinational companies select the most promising 25 startups out of all applicants.

THE EVALUATION OF THE APPLICANTS IS BUILT ON THREE CRITERIA – INNOVATION, MARKET POTENTIAL AND TEAM.

Being chosen by the high-level jury provides credibility and recognition, always helpful to grow further. The companies receive written feedback from the jury, which can help them to know how large industrial actors and investors see their business. It can help the companies to identify their strengths and weaknesses and, by doing so, give the entrepreneurs an opportunity to address the issues. However, perhaps the most important part of participating in the Nordic Cleantech Open is the extensive network the entrepreneurs gain access to. We believe that participating to the competition gives great value for any startup in the cleantech field, at a minimum time cost.

The competition is organized now for the seventh time by Cleantech Scandinavia. For the next round, we welcome experienced jury members and other partners to collaborate with in order to make the competition even better – in return we offer exposure to the best and the brightest from the Nordic cleantech startup scene, visibility and a lot of fun along the way!

For more information, visit www.nordiccleantechopen.com

THE NORDIC CLEANTECH OPEN

ABOUT CLEANTECH SCANDINAVIA

Cleantech Scandinavia is the renowned provider and promoter of Nordic cleantech.

Cleantech Scandinavia runs a network connecting international investors, industrial companies, venture funds, real estate companies, cities and the public sector. The network is a unique opportunity to discover new possibilities by connecting with each other and the 1 400+ cleantech companies we have scouted and worked with since 2007. Our aim is to help both the cleantech companies to succeed via exposure to investors and customers, and to help our network to find great companies to invest in and work with. We also provide business intelligence and key dealflow figures to show how the Nordic cleantech scene is developing.

Our members come from various industries, venture capital funds, regional development agencies and service areas.They all have one thing in common – see new innovations that build a business case benefitting both the economy and environment. Our members include Dow Chemicals, SABIC Ventures, Solvay, Tetra Pak, IKEA Greentech, KAUST Innovation Fund, Idinvest Partners, Conduit Ventures and many more.

We look forward to doing business with you!

If you want to hear more about what we do, please contact Magnus Agerström, Managing Director, at magnus@cleantechscandinavia.com.

THE MALMÖ SMART CITY AWARD CLIMATE SOLVER

5

SUB-COMPETITIONS – WINDOWS

 Windows are sub-competitions, which benefit from the in-depth scouting process and results of Nordic Cleantech Open.

This collaboration allows our partners to widen the search parameter for their competition applicants. We use and extend our

sourcing to provide different initiatives and competitions a market push to help them to find great companies. Nordic Cleantech Open applicants can also compete in these sub-competitions – with one application. It is an opportunity for more visibility, recognition and contacts with the same effort!

For this competition round, we have continued our collaboration with our long-term partners. We hope you are excited about the companies you see and meet this year!

WINDOWS

LOOKING FOR REAL ESTATE REVOLUTIONS

The Malmö Smart City Award is an opportunity to show your environmentally- friendly solution for the built environment to various large real estate companies and the city of Malmö. The solution could address a number of areas, including better building materials, energy efficiency in buildings, energy generation in cities and more. You get to profile your company and gain access to project purchasers, planners and contractors.

The jury is independent from the Nordic Cleantech Open Jury. It consists of property owners and developers as well as city representatives. The jury will have a look at what you do, evaluate if it is something they may try or buy, and provide you with some useful feedback on how you may improve your offer.

LOOKING FOR INNOVATIONS, WHICH REDUCE CO

2 EMISSIONS

AND INCREASE ENERGY ACCESS

Climatesolver.org is a climate innovations portal developed by WWF. The objective is to strengthen the development and to increase the use of transformative technologies and business models, which have a great potential to reduce carbon dioxide emissions and increase energy access around the globe.

The Climate Solver platform is used to highlight cleantech innovation heroes of our time that are already commercializing products and services that fit into a circular, more sustainable economy. The platform aims to generate stakeholder wide awareness around technologies and business models that are already here to tackle our challenges whilst policy makers, investors and larger corporates have a joint responsibility as well as opportunity to be part of mainstreaming these on global markets.

Climate Solver was launched in Sweden in 2008. It has now expanded to include China, India, South Africa and the rest of the Nordic countries. And they are starting up work in Australia.

6

They want to see your innovation; learn what’s coming, where to invest and what to integrate into their business. Meet the Nordic Cleantech

Open Jury. They come from various backgrounds - industry, venture capital, public funding, regional development – all with a common interest to see the new business cases with environmental benefits..

We want to give a Big Thank You to all of the jury members! Thank you for giving your time and feedback to the Nordic Cleantech Open applicants. This year, we at the organizing team have been really happy to see some applicants come back to us, telling how they appreciate the views and questions they got from the jury. This is heart-warming as we try our best to help both our jury members and the startups who apply. Maybe someday that one startup has grown up into something big and sustainable – and just maybe your feedback helped them on their path.

This year, we would like to thank especially one of our members, Tarja Teppo from Loudspring, who diligently went through all the 104 applications and gave insightful, qualitative feedback to the companies. Tarja – you are a star in contributing to the development of these companies and the clean technology scene!

THE JURY OF THIS YEAR’S COMPETITION

PETR MÍKOVEC Managing Director,

Inven Capital

TARJA TEPPOPhD, Partner, Loudspiring

KATHRIN HEILMANNSenior Innovation Manager,

Siemens Gamesa

RICHARD RIGGS PhD, Corporate Venture Capital, Saudi Aramco Energy Ventures

STEFAN HENNINGSSONSenior Advisor, Climate,

Energy & Innovation, WWF

VIKTOR MIŠKOVSKÝ Investment Director,

Inven Capital

TORE SVEÄLVBusiness Development Manager, GU Ventures

SARA HAMLIN Innovation Business Developer,

E.ON

SASAN SHABA Portfolio Manager,

Swedish Energy Agency

VALERY PRUNIERInnovation Director – Europe &

Middle East, EDF

JEANETTE HAENSEROTHSiemens Gamesa

ULF BOJÖSenior Investment Manager,

NEFCO

THE JURY

7

MIKKO HUUMOCorporate R&D,

Fortum

LIN NA Investment Advisor,

Invest in Skåne

MICHAEL NETTERSHEIMPhD, Investment Manager,

BASF Venture Capital

OLOF MARKÖÖ Partner,

Wermuth Asset Management

TOBIAS GOODDEN Business Analyst

– Technology & New Ventures, Fortum Sverige AB

HERIBERT UHL Senior Investment Director,

Robert Bosch Venture Capital

DANIEL KAUFMANN Specialist – Circular Economy,

Sitra

LINDA ZHENGGeneral Manager, Conduit Ventures

MICHAEL WAMSLERManager Future Concepts,

Tetra Pak Packaging Solutions

PER ERICSSON Venture Partner, Environmental

Technologies Fund

JENS BUSSE Investment Manager,

Evonik Venture Capital

HANS MAENHOUTInvestment Director,

Finindus

MARKUS HÖKFELT Fund Manager,

ALMI Invest GreenTech

NICOLAS MILERIOUX Investment Manager,

Encevo Group

DIRK NOORDENGRAAFTechnology Manager,

SABIC Ventures

JOOST WAETERLOOSPhD, Dow Chemical Company

GEORGES SCHAAFHead of Sector Development

Cleantech, Luxinnovation

MAGNUS AGERSTRÖMChairman and Co-Founder,

Cleantech Scandinavia

NICOLA BETTIODirector,

KAUST Innovation Fund

MIMMI HEDELINInvestment Manager,

Industrifonden

EIVIND TØNNESSENInvestment Manager, Agder Energi Venture

LUDWIG GORIS Investment Manager,

Capricorn Venture Partners

MIKAEL HANNUS,VP Biorefinery,

Stora Enso Biomaterial

PETER VANLAEKE Investment Manager,

Solvay Ventures

JONI KARSIKAS Investment Manager, Tesi / Finnish Industry Investment

THE JURY

Using less water also means using less energy to heat the water.

WATER & WASTEWATER

8 TOP 25 COMPANIES

Same Tap, New Nozzle – 98 % LESS WATER

Stockholm, Sweden

Users: Private homes, companies,

public areas

Development stage: Product rollout / sales

www.alteredcompany.com

TOP COMPANIES

Your regular water tap is dumb. It has a high

water flow, which makes the water pass by

your hands or bounce off of the plates you

are washing. Water is wasted when it runs

straight down the drain.

Altered’s solution is a patent pending

atomization technology for the nozzle of a

water tap. The nozzle atomizes the water,

splitting it up into millions of droplets. This

increases the surface area of the water, which

makes it possible to use every single water

drop coming out of the tap. The water shoots

out of the tap in the form of a high speed

dense mist. The user can switch between the

mist and a regular water flow. For example,

when you want to quickly fill a glass, you

change to a regular mode and still get up to

85 % water savings.

Benefits Using every single drop of water

means you can wash your hands, brush your

teeth, do your dishes etc. with only 2 % of

water use compared to a regular water saving

aerator. Using less water also means using

less energy to heat the water - and about

50 % of used water is hot water! Existing taps

can be retrofitted with the nozzle, saving

money and materials.

The nozzle is easy to install: it takes 30 seconds

and a single size fits to all common faucet

sizes (adapters included). Public areas get a full

functionality with only 0,4 liter/minute, working

from 1.5 bar pressure. ROI varies between

regions, but it can be even less than a month

for a hotel complex in Middle East.

S ustainability was once a nice twist. Now ”green” is going mainstream, disrupting various industries along the way. We see new materials

replacing plastics and unique models for energy storage to integrate renewables; especially industrial internet and machine learning solutions are quickly speeding up in innovation.

We scouted the clean technology and business landscape in the Nordics and Baltics to find these 25 innovative startups. They carry lots of market and sustainability potential, evaluated by the industrial experts and venture capitalists in the jury. These companies are looking for financing, customers and industrial partners. Get to know them and get in the game. In thematic order, here are the fruits of the new ideas put into action!

WATER & WASTEWATER MOBILITY ADVANCED MATERIALS INDUSTRIAL PROCESSES ENERGY

WATER & WASTEWATER

WATER & WASTEWATER

9TOP 25 COMPANIES: WATER AND WASTEWATER

UNMANNED VESSELS KILLING OIL SPILLS WITH HIGH PRESSURE WATER JETS

Poop-powered WET CARBON CAPTURE

Trondheim, Norway

Users: Oil Spill Response Organizations

Development stage: Prototype under production

www.blueimpact.tech (to be launched)

Stockholm, Sweden

Users: Industries, municipalities, all operations

with sludge or other wet bio waste

Development stage: Pilot plant working / production scale-up

www.c-green.se

Today’s cleanup methods used in marine

oil spill response are typically a mixture of

chemical dispersion and mechanical recovery

(such as skimming). These are characterized

by heavy logistics, long response times and

low efficiency. To avoid the oil from reaching

the shoreline and cause an environmental

disaster, improvement is needed.

Blue Impact has a patented method of using

high-pressure water jets to treat marine oil

spills. A high pressure pump delivers water

to a bar of nozzles. These nozzles apply

water with high pressure to break the oil into

microscopic, biodegradable particles. The

small particles will be permanently mixed

into the water column where hydrocarbon

degrading bacteria efficiently degrade the

oil. If larger oil droplets resurface, the Blue

Impact USV (Unmanned Surface Vessel) can

treat the resurfaced oil several times.

Benefits Blue Impact’s USV can respond

quickly and treat weathered oil before it hits

the shore. Consequently, they can reduce

land-based damages and clean-up costs,

which can be 100 times more expensive

than the off-shore method. There is no need

to risk having people in the contaminated

area, since the USV is remote controlled. By

creating microscopic particles, the oil will

not be able to recoalesce and resurface.

There is no need to use hazardous dispersion

chemicals, mechanical energy is enough.

This reduces HSE risks for workers and the

environmental damage. It also reduces heavy

logistics costs associated with other methods,

such as buying, storing and transportation of

chemicals, or transporting and deposing of

recovered oil.

Sludge from industries and municipal

wastewater treatment plants (WWTPs) is

used as fertilizer on agricultural land, as soil

replacement, as landfill cover, landfilled or

incinerated. These methods can require

large surface areas for composting, cause

significant greenhouse gas emissions and be

expensive, energy-intensive, and wasteful of

energy and nutritional values.

C-Green’s sludge disposal service turns

costly, potentially toxic sludge from

wastewater treatment and other wet bio-

waste into an inert and odourless bio-carbon,

which can be sold as biofuel or as a carbon

sink soil improvement. C-Green has patented

its robust efficient technology, including the

reactor design, the use of wet oxidation to

make the process independent of external

heat, heat recovery without heat exchangers,

and process industry integration. C-Green’s

processing facility will be situated at the

WWTP, in close proximity to the produced

sludge and fit into two containers: one

with the high-temperature processes that

receives the sludge and one for mechanical

dewatering and control system cabinets.

Benefits C-Green Zero Energy HTC not

only has an exceptionally low OPEX, its

process configuration makes it self-sufficient

with regard to heat, reducing sludge water

content from 80 % to 30 %, without the need

for external energy. While achieving a 70 %

sludge volume reduction, C-Green provides

savings on sludge dewatering, chemical

costs and a 15-30 % savings on disposal

costs as well as profits from a reduction of

heat demand and a 5-10 % increase in biogas

production. The process also enables a 90 %

phosphorus recovery rate.

The bio-carbon produced is essentially free

from chemicals and biological safety hazards

such as pharmaceutical residues. If the bio-

carbon is used as solid fuel, micro plastics are

prevented from entering the environment.

A more than 100 % greenhouse gas reduction

can be achieved by replacing fossil fuels,

reducing transportation and avoiding

emissions of methane gas from landfilling

and composting.

Breaking oil into biodegradable particles with 100 % pure water force.

Reducing sludge water content from 80 % to 30 %, without the need for external energy.

WATER & WASTEWATER MOBILITY ADVANCED MATERIALS INDUSTRIAL PROCESSES ENERGY

M O B I L I T Y

M O B I L I T Y

10 TOP 25 COMPANIES MOBILITY

Less vehicles, less emissions and more fully used vehicle capacities.

Less driving, less CO2 emissions, easier EV charging.

Revolutionary logistics optimization – OPTIMIZES LOGISTICS FLEETS IN REAL-TIME

Airbnb for parking MADE SEAMLESS

Stockholm, Sweden

Users: Retailers, logistics providers, other

businesses with logistics, cities

Development stage: Sales

www.airmee.com

Lund, Sweden

Users: Parking spot owners, co-operative

building society dwellings, event

organizations, real estate actors, drivers

Development stage: Sales

www.apparkingspot.com

Fast deliveries same day or within 1 hour is

quickly becoming a standard globally. The

optimization of couriers for fast deliveries

is many times still done manually or with

technology that requires minutes – or hours

– to compute the complex calculations

considering the couriers’ geographic

location, delivery stops, routes, capacity, etc.

Thus, the vehicles’ capacity is not fully used,

resulting in idle time, unused capacity and an

unnecessary large carbon footprint.

Airmee’s research-based logistics platform

can optimize the efficiency of transport fleets

in milliseconds. Their proprietary technology

incorporating machine learning is able to

automatically allocate each delivery, schedule

and route it to the most suitable courier.

The optimization maximizes the capacity of

each courier’s vehicle. The platform consists

of a courier app, a dispatcher dashboard

with analytics and a tracking page for

the recipient. By offering the platform to

logistics providers, they can connect retailers

with a dynamic and optimized network of

independent logistics providers. This means

that they can allocate deliveries to the courier

that at a given point in time is most suitable

to deliver it according to variables such as

location, capacity, idle time, etc. Airmee’s

solution has many application areas, from

last-mile deliveries to optimizing carpooling

or home care vehicles.

Benefits Optimization of vehicles means

that fewer vehicles can do more deliveries,

which reduces CO2 emissions, congestion

and pollution in cities. The efficiency of each

vehicle in the fleet improves by maximizing

the delivery capacity. The algorithm-based

solution is cost-efficient and allows fast

deliveries. Since the consumer is able to track

the delivery in real-time on a map, view the

exact ETA on the minute, contact the courier

directly and give a rating after the delivery,

retailers are able to provide a better service to

their customers than any other solution.

Parking spots are mainly found by driving

around in the city. Time-consuming and

frustrating, eh? Still, the vacancy levels of

parking spots are huge and the spots are not

fully utilized. How to fix this mismatch?

ApParkingSpot solves this by providing

a rental service for parking spots between

organizations, individuals and companies –

taking AirBnB for parking to the next level by

making rentals automated! Anyone can rent

their parking space when it is unused. Users

can search and rent vacant spots via the app

or web, and they can get navigated to the

spot. However, the most innovative aspect

is the sensor solution – ASDS (Autosence

Detection System): Telia Sense OBD dongle

evaluate the occupancy of the spots through

machine learning and automatically rent

out the free spots. Through deep-learning

ASDS sets up a schedule when the parking

space can be rented. Drivers can also pre-

book charging posts for electric cars.

ApParkingSpot facilitates the matching of

free spots and drivers, and arranges payment

streams, with a 20 % fee.

Benefits Drivers can save time by pre-

booking a spot for a cheaper price and get

directed to the spot. This means less driving

and less CO2 emissions in comparison to

driving around to find a spot. Cities and

properties can avoid building costly new

parking areas when the existing spots are

offered and utilized more efficiently. Parking

spot owners can gain extra money by renting

out their spot when they don’t need it.

Automatic renting via sensors brings con-

venience for renting out the spot. The drivers

can also find a free EV charging station easier

and pre-book it in a simple way.

M O B I L I T Y

M O B I L I T Y

11TOP 25 COMPANIES: MOBILITY

Dielectric liquid cooling improves thermal management and safety.

Leveraging Bluetooth for bike locks and fleet management means renting with an ease.

From space crafts TO EV BATTERIES

Keep your rental bike FOR AS LONG AS YOU LIKE!

Enköping, Sweden

Users: Electric vehicle manufacturers, including

trucks, buses, construction equipment,

cars

Development stage: R&D / Production scale-up

www.aprtec.com

Copenhagen, Denmark

Users: City visitors, commuters and locals

Development stage: Sales

www.donkey.bike

There are two main cooling systems used

today for electric vehicles (EV’s): air-cooling

and liquid cooling. Although liquid cooling

is considered to be the most efficient, it is

costly and heavy, because the often-used

liquid – water – needs to be separated from

the battery cells with piping or cold plates.

Some solutions use dielectric oil, but the

thermal properties are less efficient and the

system requires exterior pumping and safety

systems.

APR Technologies has developed a

dielectric liquid cooling system for EV battery

cooling, which is in direct contact with the

battery cells and the Battery Management

System (BMS). In this way they save a large

amount of materials, weight and assembly

costs. The integrated micro pumps improve

and control the flow to an optimum: both

efficient cooling during charge and discharge

of the battery cell, as well as efficient

controlled self-heating of the battery system

in cold weather – we often get -30 degrees

in the Nordics. It also enables an intrinsic

safety feature through the properties of the

designed dielectric liquid: large amount

of energy is absorbed by the liquid at

temperature, where the initial process leading

to thermal runaway and failure of Lithium

Polymer cells is triggered, thus, avoiding the

thermal runaway chain reaction.

Benefits Small size and weight, low power

consumption, no vibrations and long lifetime.

The battery system is easier to recycle as

there is less material, dismantling is easier

and parts are identified in a simple way.

The system reduces the weight of a battery

system – probably with more than 100 kg in

a typical EV-car. It also reduces the battery

charging time and improves cell balancing

– including safety with improved protection

against thermal runaway. It can substantially

contribute to the uptake of EV’s and, con-

sequently, help to reduce CO2 missions.

Bike sharing is a hot topic, but not yet very

convenient. Most bike rental services offer

‘rent for the day’ options, and bikes have to

be returned after some hours. Then you need

to rent the bike again if you need it for the

next day. Not so flexible!

Donkey republic’s solution to a low-cost

and convenient bike-rental service originates

from the city, where 50 % of the people bike

to work or study. Donkey Republic allows

users to pre-book a bike, locate a bike near

them, open/lock it with their phone and keep

the bike with them for just half hour up to a

week. Users can rent a bike through the app

and open the ‘smart lock’ directly by using

Bluetooth. Bluetooth is also their bike scout

tracking the fleet: a rider unlocking one

bicycle with their phone is sniffing Bluetooth

locks with up to 200 m range and reporting

other bikes nearby. They have also developed

a hub-centric operations model: hubs are

pick-up and drop-off locations that users can

choose from, defined in their system by GPS

coordinates of a point and a certain radius.

The biker can’t end the rental unless they lock

the bike within the delimited area. Every hub

has a limited number of bikes that can be

dropped off in that area. This model allows

them to receive high revenue on every bike,

while keeping the city tidy.

Benefits The rental method decreases

operational costs and increases user

convenience as “keeping the bike with you”

is a default feature: the customers can book

a bike one night ahead, and then keep the

bike during the day and the second day if

they wish, without an extra return-and-

rental hassle. Making biking easier reduces

the space taken by cars, and related pollution

particles, CO2 and noise.

M O B I L I T Y

M O B I L I T Y

12 TOP 25 COMPANIES: MOBILITY

PARKING ENERGY

Insightful EV CHARGING

On-the-go “waterless” carwash that comes to you – 200 LITRES OF WATER SAVED

Helsinki, Finland

Users: EV owners / users, large car park

Development stage: Sales

www.parkingenergy.com

Stockholm, Sweden

Users: B2B and B2C car owners

Development stage: Sales

www.woshapp.se

Parking Energy has a comprehensive

solution for EV charging in real estate envi-

ronment. The company provides EV charging

technology and service for residential, work-

place, commercial, and public car parks.

In the Parking Energy approach, cabling is a

long-term one-time investment of the real

estate, whereas the EV charging hardware will

be provided by the charging operator. This

can be implemented with quick connectors

developed by Parking Energy. They connect

the cabling and the charging equipment

conveniently. EV readiness increases property

value, and the quick connectors enable the

integration of future charging technologies.

EV charging readiness is brought to the

real estate by installing cabling and quick

connectors in every parking space at the

same time. After this, charging equipment

can be added in any parking space according

to demand at short notice. A user can order a

charging unit with a charging power between

3.7 and 22 kW. The simple plug-in operation

takes a minute and does not require an

electrician.

Benefits The Parking Energy service

includes the EV charging units, user

authentication, dynamic load management,

metering of energy, invoicing, maintenance,

and helpdesk for a monthly fee. Users also

pay for the electricity consumed. Parking

Energy provides affordable EV charging

speeding up the transition towards electric

mobility which in turn reduces CO2 and other

harmful traffic emissions.

The traditional automatic carwash today is

inconvenient, takes car owner’s time and

the result varies a lot. It also requires a large

amount of water and usually involves the use

of soaps and degreasers, which can pollute

the water.

Woshapp turns the carwash model 360°

around – they come to the car and wash

it with as little as 200 millilitres of water,

enabled by their secret liquid nano formula.

They spray the liquid on the car, lubricating

the cars body, and then they use special

microfiber towels to lift up the dirt. This

way they decrease the risk of scratches and

micro scratches – one of the safest ways of

cleaning a car today! Customer can order the

wash to the place where the car is parked via

an app – easy and convenient. Woshapp then

sends a person to do the job by bike. Their

success looks promising: about 2 000 cars

washed in 3 months, of which almost 40 %

returning customers – all with just word of

mouth! They have started from Stockholm,

but plan to take over the world. Are you ready

to try the flow of the on-the-go carwash?

Benefits Customers can save time, get

a carwash in a simple way and get a great

result. Minimum 200 litres of water is saved

per car, as they use only around 200 ml of

water per car they wash. The business also

reduces CO2 emissions, as the car does not

need to be taken to the carwash and back –

and because they ride bike to every car! They

have developed an efficient way and speed of

working – readily scalable to other cities.

EV readiness in every parking space.

Book it with the app and they bike to you!

13TOP 25 COMPANIES: ADVANCED MATERIALS

ADVANCED MATERIALS

ADVANCED MATERIALS

Paint lifetime PROTECTION

The era of plastic production is ending – HERE’S WHAT COMES NEXT

Riga, Latvia

Users: Manufacturers of architectural and

decorative paints, manufacturers of

building and construction finishing

products

Development stage: Product testing / customer pilots

www.alina-premium.com

Espoo, Finland

Users: Retailers, brand owners,

and packaging manufacturers

Development stage: Production Scale-up / Product rollout /

sales

www.paptic.com

Typical paint products contain up to 5 %

of toxic biocides and heavy metals for the

dry film and in-can preservation to reduce

biodegradation effects. During next years,

European Union and regional institutions

introduce limitations to use toxic biocides,

that drives 35bn EUR paint industry to find

alternatives.

ALINA has developed a patent-pending

organoclay material composition and know-

how for the manufacturing process. Applying

the new organoclay production technology,

clay structure is modified. As a result, clay

mineral obtains unique properties and

functionality, which prevent microbial and

bacterial contamination in the paint product.

ALINA non-toxic additives for paints, provide

benefits that are comparable to biocides. The

estimated annual biocide consumption in the

EU is 17 794 tons with market value of EUR

75,6 million.

Benefits ALINA material decreases the

speed of biodegradation for the paint when

it is applied on the surface – Paint lifetime

protection! New material makes it possible

to reduce, or even eliminate, the use of

toxic biocides and heavy metals in paint

and building materials. It is zero VOC, non-

allergenic, non-carcinogenic and low CO2. By

using ALINA’s organoclay, manufacturers can

comply with the European Union regulations

for the use of toxic chemicals and obtain

eco-certifications.

Plastic waste is increasingly accumulating to

the oceans, endangering marine ecosystems

and food chains; yet, the packaging value

chain is still built around plastic. Biodegradable

plastics have been at the market for over

20 years, but they have been unable to gain a

significant market share due to the limitations

in technical and financial performance.

PAPTIC is a versatile, wood-based material,

which can replace oil-based plastics

in carrier bags, medical packaging and

flexible packaging. However, their product

development roadmap is even wider. Paptic

has multiple patents for its material and foam

forming manufacturing methods.

Benefits PAPTIC® material combines

the benefits of both paper (bio-based and

renewable, bio-degradable, recyclable) and

plastics (convertable, versatile, heat sealable).

The tear strength of Paptic is +400 % higher

than for standard papers, enabling it to

replace non-woven in for example bag

and furniture applications. Due to material

efficiency, in many applications PAPTIC®

offers 30-50 % lower carbon footprint when

compared to similar products made of paper.

Existing plastic and paper machinery

can be converted to produce PAPTIC®

materials, enabling a fast production scale-

up. In comparison to papermaking, the

PAPTIC® process technology reduces water

consumption by 30 % by using foam instead

of water. Thus, in traditional papermaking

more than 50 % of the electricity and energy

consumption is consumed in mechanical

refining of the wood fibres for strength and

drying of the dense paper web. The PAPTIC®

process has completely eliminated the need

for refining. This avoids the use of 10 MW

engines and allows energy savings. Due to

high porosity of PAPTIC®, the drying is also

approximately 20 % more energy efficient and

can utilize excess heat available at industrial

sites. The proprietary Paptic technology

enables energy savings throughout the

production process from the raw material

preparation to drying of the product when

compared to traditional paper production.

Environmentally-friendly and easy to use clay mineral material.

Wood-based material with benefits of both paper and plastic.

14 TOP 25 COMPANIES: ADVANCED MATERIALS

ADVANCED MATERIALS

ADVANCED MATERIALS

Beat the Heat in electronics – 180 % HIGHER THERMAL CONDUCTIVITY!

Cut loose from crude oil WITH UP TO 83 % BIO POLYOL!

Västerås & Uppsala, Sweden

Users: Industrial companies in the heat sink

market, from mobile phones to industrial

equipment

Development stage: Product development / pilot customers

www.graphmatech.com

Riga, Latvia

Users: Manufacturers of polyurethane systems,

manufacturers of polyurethane products

in construction, automotive, shipbuilding

and other industries.

Development stage: Product rollout / sales

www.polylabs.eu

The materials mainly used for heat sinks

today are aluminium and copper. The pro-

perties of these materials are limiting factors

for the lifetime and energy efficiency of

electronics: poor heat dissipation causes

more than 50 % of electronics failure and

waste energy. With graphene-based materials

the issues with upscaling and agglomeration

have prevented a viable solution – until now.

Aros Graphene® is a novel ionic graphene

nanocomposite material, which is fit for

manufacturing and upscaling. It is based on

a sandwich structure of graphene and certain

halogen-free ionic salts. The material is easy

to apply as an additive, through coating or

even by 3D printing. The application focus

is heat management. Wherever there are

electronics, heat is generated, in everything

from mobile phones to industrial equipment.

Great potential also lies in 1           ) self-lubricating

systems to reduce lubricants in machines,

e.g. in the food and drug industry; lower

friction reduces energy consumption and

higher wear resistance reduces the need

to interrupt production to do new coatings

2    ) moving electrical contacts; Aros Graphene®

could replace silver, resulting in contacts

with higher durability and more efficient

energy transfer, and 3   ) energy storage with

supercapacitors. Material and a scalable

manufacturing process are patent-pending.

Benefits Aros Graphene® is nontoxic and

has extremely high thermal conductivity,

up to 180 % higher than any other material

measured in the Ericsson thermal manage-

ment laboratory. Heat sinks (elements that

lead away heat from e.g. electronics) can

be made much smaller and with lower risk

of overheating. The material can reduce

energy consumption, in everything from

cooling of laptops to industrial processes.

Electronics can be replaced less frequently.

A longer lifetime saves resources and energy.

This also reduces hazardous e-waste. As

e- waste is often disposed of and processed

in developing countries, this also reduces

health damages and pollution caused by

improper disposal.

Conventional petrochemical based polyols

are produced in multi-step chemical

processes, which involve sophisticated

equipment, large scale production, many

by-products to manage, emissions and

waste. There is high growing demand from

end customers for “green” products, but

companies are struggling to provide that

due to high prices of bio-based products

and technical difficulties related to them.

Customers are not willing to pay a “green

premium” for a bio based product.

Polylabs produces bio polyol from

renewable resources in a one-step chemical

production process which creates no waste,

no by-products and no VOCs. This allows

selling the product for a price at the same

level as the petrochemical based polyols

in the market. Polylabs Bio Polyol contains

secondary amine and primary hydroxyl

functional groups. Hydroxyl groups in their

Bio Polyols are up to 100 % primary. The

production method insures that all carboxylic

compounds in natural oils are transferred

into Bio Polyols. The best target applications

for the Bio Polyols are rigid polyurethane

insulation products, such as insulation

boards, spray foam and sandwich panels.

Benefits Due to the polyol structure with

70-83 % bio-carbon content, customers can

be more independent from crude oil market

fluctuations, reduce their CO2 footprint and

apply for construction ecolabels – all with a

competitive price. They can avoid the use of

474-674 kg of crude oil and save 356 kg of

CO2 emissions per every ton. Bio Polyols are

even CO2 negative because the natural oils

have absorbed more CO2 than they create

in polyol production! And there is more –

these polyols even have technical advantages

– they are autocatalytic and hydrophobic,

allowing the customers to reduce the use

of catalysts and hydrophobic additives,

consequently reducing their expenses in the

polyurethane production.

Using natural oils significantly reduces carbon footprint.

Meet your energy savings target in the heat sinks market.

INDUSTRIAL PROCESSES

INDUSTRIAL PROCESSES

15TOP 25 COMPANIES: INDUSTRIAL PROCESSES

Ultrasound blow lets your production flow – 40 % ENERGY SAVINGS

Making industrial assets aware of THEMSELVES AND THEIR SURROUNDINGS

Helsinki, Finland

Users: Industries with big fouling issues: pulp &

paper, oil & gas, food production, water,

maritime, mining, energy & heat

Development stage: Product rollout / sales

www.altumtechnologies.com

Espoo, Finland

Users: Device manufacturing companies and

service providers that provide lifecycle

services for industrial assets such as

wind turbines, electrical motors and

pumps

Development stage: Sales

www.distence.fi/en

Fouling increases the energy need for

production equipment, consequently causing

2,5 % of the global CO2 emissions per year

– equal to 20 % of the emissions of world’s

cars. Traditional methods used today to

clean the industrial process equipment are

mechanical cleaning and chemicals. These

methods involve equipment dismantling, high

pressure cleaning with water and expensive,

hazardous chemicals, re-assembly, and

related production stoppages.

Altum Technologies uses a novel high

power ultrasound technology to remove

fouling from industrial equipment of any size

and shape without production downtime. The

technology combines traditional ultrasonic

cleaning with advanced beamforming

techniques to localize and effectively clean

a pre-defined target point. The solution is

clamped-on, so they can easily change the

place in where they beam ultrasound. The

patent-pending technology is externally

applied to any equipment (for example heat

exchangers, tanks and pipes), which carries

some kind of liquid, without the need to

modify the equipment. It can clean most

dirt: biofouling, mineral scaling, and chemical

fouling. They use the Cleantech-as-a-service

(CaaS) model: for a fixed monthly fee they

clean the client’s equipment and maintain

their technology.

Benefits No production stoppages and no

equipment disassembly. Maintenance needs

are minimized and production processes are

more efficient when equipment is constantly

clean. Companies can save up to 40 % energy

consumption in their processes. No need

for hazardous chemicals, which helps both

the environment and the workers. Industrial

equipment can get a longer lifespan and it

doesn’t need to be thrown away because

of difficulties to remove fouling. Data about

the processes taking place inside production

equipment can be provided. Improved

process efficiency ensures increased recovery

rates of rare raw materials.

The world is full of trillions of dollars’ worth

of assets, with lives up to 40 years. Up to

80 % of the TCO (total cost of ownership)

of an industrial asset comes from energy,

maintenance, downtime etc.

Distence reduces TCO and increases ROI

by creating the Internet of industrial assets

– they digitize machines and equipment,

and connect them to the business processes.

The solution – Distributed Intelligence –

consists of an intelligent cloud level service

platform, on which the customer-specific

solution is built, as well as of Distence

terminal electronics, which are intelligent

data management devices utilizing Edge

Computing. Edge Computing technology

increases the autonomy of machinery and

devices and enables them to be connected

to the company’s business processes. Other

important technologies include advanced

signal processing, data transfer and

application building software. With the help

of these technologies, the measurement data

is processed and utilized for local device level

intelligence, decision making, and compiled

and conveyed to the customer’s cloud as

material for business users. Business model

includes hardware sales and recurring fee

model. The largest opportunities in IIoT open

when the customer has a large existing base

of assets distributed globally that they want

to digitize.

Benefits As the data is analysed in a

decentralized manner close to the origin of

the data, this reduces costs and improves

data reliability. The solution optimizes and

extends the asset life. Impact on the TCO

includes is energy optimization, minimizing

downtime, optimizing spare parts logistics

and maintenance processes, and extending

the life of the asset to name a few. The return

of investment can be less than 3 weeks.

Higher uptime, less travelling, longer asset life and operational excellence with industrial IoT.

Removes fouling without chemicals or production stoppages.

INDUSTRIAL PROCESSES

E N E R G Y

16 TOP 25 COMPANIES: INDUSTRIAL PROCESSES / ENERGY

Retrofit solutions that minimize energy usage and allow hassle-free management.

Maximizes reliability, increases profits and decreases downtime.

Don’t spoil the oil! CUT OIL WASTE BY 50 %

Optimize building climate or BOOST FACTORY PRODUCTION, FROM HOME!

Jyväskylä, Finland

Users: Heavy industries (energy, chemical,

manufacturing, pulp & paper) and

logistics

Development stage: Sales

www.fluidintelligence.fi

Stavanger, Norway

Users: Manufacturers, commercial building

owners (offices, shopping centers,

hotels, hospitals, schools etc.)

Development stage: Sales

www.smartplants.io

Up to 80 % of all production machine failures

are caused by a lubrication error. Today,

lubrication oil is often changed just for safety,

but without knowing the actual health of oil

and machines. Thus, usable oil is wasted.

Oil, maintenance and machine failures bring

unnecessary costs for companies.

Fluid Intelligence change the way

lubrication oil is used today in various

industries. Oil becomes a long-term asset

instead of a cost and a waste product. Fluid

Connected Oil® Solution package consists

of the following components: 1  ) Real-time

oil condition monitoring (OCM) unit (IoT

network with sensors & mobile hub) that is

connected to customer’s machine and oil

circulation, 2 ) Fluid Cloud stores and analyzes

all the real-time oil quality performance data

based on proprietary AI technology, 3 ) Oil

Asset Management and Professional Services

to mitigate risks and to take corrective

actions, 4 ) web & mobile user interface

for the customers and Fluid personnel, and

5 ) online alerts that notify about potential

oil quality changes and/or problems. The

solution comes with a monthly fee based on

Oil as a Service -business model.

Benefits Companies can foresee problems

with their lubrication oils earlier and maximize

operational reliability; they can reduce un -

expected production downtimes and machine

failures with a proactive maintenance strategy

& real-time monitoring. They can optimize

oil’s performance and avoid unnecessary

oil changes. This can cut oil waste by over

50 %, since oil changes are based only on real

need. The solution can also result in reduced

costs by avoiding unexpected downtimes,

unnecessary maintenance work and oil

changes.

Factory and Building owners need an easy

way to monitor and manage their climate

operations, production and energy usage,

holistically and seamlessly. But most smart

building and factory solutions involve a costly

rip-and-replace, where the company has to

part with old systems/equipment and buy

new, smart ones.

Smart Plants use sensors to harvest data

from every ‘thing’ in the infrastructure of

factories and commercial buildings. Their

own hardware can be installed over existing

systems to make the assets ‘smart’. The

assets are then connected to the cloud,

where their operations can be controlled

remotely with any device with Internet

access – even from home if you like! With

the help from machine learning, the data

is used to optimize processes in two client

categories: 1 ) Commercial buildings can use

ClevAir to automate indoor climate control

and maintenance ops and 2) SmartFactory

creates a digital twin of the production

facility to measure, automate and optimize

production. The solution is modular: it can be

adapted based on the client’s ‘tech level’,

with further upgrading possibilities.

Benefits Energy consumption is dropped

by 11-24 %. Also, goodbye thermostat wars

and sick building syndrome. People are more

comfortable, healthier and more productive.

All in an energy-efficient manner. So no more

overheating or chilling rooms either. Your

buildings become smart and sustainable.

Predictive maintenance allows officers to be

notified before faults even occur. This saves

large amounts of HVAC maintenance costs.

One recent SmartFactory customer saw a

7.5 % increase in output, in just under a year.

The data-driven solution reduces energy

consumption and machinery downtime,

locates bottlenecks in production, alerts on

system incidents allowing quick response,

while boosting productivity. Both solutions

save time through hassle-free asset

management and system automatization.

Compliance with environmental regulations

is easier. Carbon footprint is brought under

national benchmarks.

E N E R G Y

E N E R G Y

17TOP 25 COMPANIES: ENERGY

Energy utilities can transform their user engagement – 73 % ACTIVE USERS

Gothenburg, Sweden

Users: Energy utilities and their customers

Development stage: Sales

www.eliq.io

Energy utilities are facing revenue downturn

due to the increased ease for consumers to

switch providers – a decision largely driven

by tariffs or price offers. Traditionally, the

interactions between energy suppliers and

their consumers has been through energy bills.

Eliq changes the way energy utilities

engage with their customers: they use

machine learning and a Software-as-a-

Service solution for real-time monitoring

and optimizing electricity use. The solution

can be connected to the customer’s home

electricity meters by attaching an optical

sensor to the meter; the customer can see

their consumption data and get notified on

energy-related inefficiencies, problems and

opportunities via an app in the phone or web.

Key use-cases include boiler or heater in

need of maintenance, solar panels partially

overshadowed or in need of cleaning, and

fridge inefficient or freezer about to fail.

Energy utilities can use a customer insight

dashoard and/or an API. The data collected

by the smart meters is stored and managed in

Microsoft Azure’s cloud, together with other

data (tariffs, billing information, weather, etc.).

Their core proprietary technology – a machine

learning analytics model - analyzes insights

from granular smart meter data. Eliq has

acquired a vast amount of data over the

past five years, which has been used to train

the machine-learning model – the data is

their biggest value. The solution is provided

as a white label application, enhancing the

utility’s branding and building trust toward its

customers.

Benefits Helps households to better

understand and reduce their energy con-

sumption. Utilities can learn the energy

usage patterns of their customers, engage

with them with real-time information, gain

customer loyalty and increase the related

Average Revenue per User. The user analysis

report from Sweden shows that 73 % of their

current users are active on the platform,

spending an average of 120 minutes

a month. 

Upgrading mankind’s largest machine TO 21ST CENTURY STANDARD

Steinkjer & Bergen, Norway

Users: Power grid owners and utilities

Development stage: Product verification / customer pilot

www.heimdallpower.com

The old electrical grid is a poor fit for

renewables, which require grid flexibility

and information on line capacity. Currently,

there are more and more digital sensors at

the production site, transformers and the

consumer end, but the physical power grid

monitoring are very limited. Communication

problems with sensors and energy lifetime

have both been challenges for the overline

transmission sensors.

Heimdall Power uses a patented ‘neuron

to neuron’ communication technology to

monitor and optimize high voltage power

lines, independent of Wi-Fi or mobile signal

coverage. The sensors communicate through

radio-frequency identification (RFID) with

each other on the wire, providing real-time

information about the state of the grid. The

sensors are self-powered; they harvest the

energy needed to run the sensors from the

high voltage magnetic field. No external

energy source is required, just high voltage

above 22 kV. This means their neurons can

be installed everywhere on the planet! They

only need connected base stations at the

ends of the transmission/distribution lines.

Benefits Faster and more precise fail-

searching and maintenance for the grid

allow a payback in 3 years. Grid owners can

operate the grid more efficiently and safely

as they get data on the true capacity of their

power line. They can prolong the life of the

high voltage grid and increase its dynamic

capacity, resulting in that more dynamic,

green loads – wind, solar, EV infrastructure,

etc. – can be attached to the grid. Dynamic

Line Rating and power line optimization

also increase income. Grid investments can

be postponed and/or investments can be

optimized, saving money! As they use RFID

technology, the sensors do not need Wi-Fi or

mobile coverage to communicate, making it

easy to apply around the world. The sensors

can be self-powered as they harvest energy

from the magnetic field.

The solution for power line optimization that works anywhere on the planet.

Machine learning helps to reduce energy consumption and remind about solar panel cleaning.

E N E R G Y

E N E R G Y

18 TOP 25 COMPANIES: ENERGY

PHOENIX BIOPOWER

No heavy metals, lifetime up to 20 years.

Plannable, Profitable and Renewable power from biomass.

Norrköping, Sweden

Users: Manufacturers of electronics within

the low-power-connectivity sector

Development stage: Product verification / production pilot

www.epishine.se

Printing of solar cells is now as easy AS PRINTING NEWSPAPERS!Nowadays, batteries are often used to power

sensors and IoT devices. As the use of IoT

devices continues to grow, changing trillions

of batteries is costly and time-consuming and

therefore not a good solution.

Epishine, based on 25 years of research,

makes organic solar cells that harvest

ambient light around them wirelessly to

power sensors and indoor Internet of Things

devices – and these applications are only the

entry market. No worries if there’s no light

in a while; the solar cell will be connected

to a conductor that can hold energy for up

to 3 weeks. Their most innovative aspect is

however their scalable, cheap and patent-

pending manufacturing method. They can

print solar cells as you print newspaper;

instead of printing ink on paper, they print

plastic on plastic. It is also thanks to this

manufacturing method that they can print

completely organic solar cells, consisting

only of carbon, hydrogen, oxygen, nitrogen

and sulphur – while the competitors need

to use expensive and scarce metals in their

solar cells. The solar cells are also ultrathin,

ultralight and flexible, and are therefore

optimal for integration with tiny things, such

as sensors. Cheap production and cheap

materials allow the target price of 1 cent/kWh.

Benefits The organic solar cells do not

contain rare and toxic heavy metals. The

initial cost is about the same as batteries –

after production scale up even cheaper. The

energy payback time is 1-4 weeks – good in

comparison to 1-4 years for traditional silicon

solar cells. Long lifetime of 20 years and low

maintenance costs. As they use different

conducting and semiconducting materials

to match the indoor-spectrum, they get the

highest efficiency indoors among solar cells.

The manufacturing method is scalable and

has a low carbon footprint.

Biopower Reborn – DOUBLE THE EFFICIENCY FROM BIOMASS

Stockholm, Sweden

Users: Energy utilities, EPC (engineering,

procurement and construction)

companies

Development stage: R&D / Initial Proof of concept in

operation

www.phoenixbiopower.com

With 81 % of global energy supply being fossil,

fossil technologies needs to be replaced.

High efficiency biopower can replace fossil

power from oil and coal, giving massive

CO2 emissions reductions. Also, with more

intermittent power from sun and wind,

balancing power is needed. High efficiency

biopower from Phoenix BioPower can cater

to this need.

Phoenix Biopower shifts biomass

combustion from boilers to gas turbines;

the patented “BTC Technology” converts

biomass to power at twice the efficiency of

the steam cycle technology. It is based on

five key principles: biomass gasification, high

pressure operation, massive steam injection,

superior heat integration and gas turbine

combustion. The biomass is torrefied and

subsequently gasified under high pressure

at 60+ bar using superheated steam. The

product gas, together with steam, is fed to a

gas turbine with high pressure combustion

at 60+ bar. This ultra wet combustion, with

up to 50 % steam, reduces the need for

compressed air, energy for compression

work and NOx emission. The resultant

hot gas drives the gas turbine expander,

providing power to the generator. The high

electrical efficiency together with an overall

plant efficiency of more than 100 % results

in a power-to-heat ratio of > 1:1 (compared

to SC of 0.3-0.4). It also enables profitable

power-only applications with biopower. The

typical BTC plant is 10-100 MW. The initial

application is estimated to be executed as

part of a refurbishment/replacement program

for existing CHP plants for coal or biomass.

Lastly, as part of the fuel treatment, biochar

is produced and may be extractede for other

needs, enabling CO2 negative power through

BECCS (BioEnergy CCS).

Benefits CO2 emissions reductions by

replacing fossil fuels with biomass. Twice the

efficiency (60 % at 100 MWe by 2030), 40 %

lower marginal cost, 40 % lower lifecycle

cost, higher operational margins and lower

LCOE, compared to the current steam cycle

technology. Strong positive NPV of plant

(Steam Cycle < 0). 7-13 % IRR for plant (Steam

Cycle < 0).

E N E R G Y

19TOP 25 COMPANIES: ENERGY

Cut heating costs by 10-20 %, make buildings virtual power plants for the network.

Unique hardware platform, cheap to manufacture and weatherproof.

E N E R G Y Smart central heating control AND MAINTENANCE WITH AI

Helsinki, Finland

Users: Centrally heated buildings,

district heating companies

Development stage: Service in production use

by several clients

www.leanheat.com

Traditional central heating systems fail

to adjust to changing weather, living

patterns and thermodynamic properties

of the building. This results in overheating,

inefficiency, high costs and poor indoor

climate conditions. At the same time, heating

systems are inadequately balanced in up to

75 % of multifamily buildings.

Leanheat uses artificial intelligence to

optimally control and monitor centrally

heated buildings. Leanheat is easily

retrofittable to existing building stock, with

wide integration to various controllers.

Data from heating room is combined to

data collected from IoT-sensors placed into

apartments. By processing the collected data

with AI, the central heating can be controlled

in an optimal manner, taking into account the

thermodynamical behaviour of the building,

weather, ventilation, inhabitant living patterns,

etc. control adapts to changing environment,

making the system maintenance free.

In addition to better control, AI is used for predictive maintenance. Problems are detected at an early phase with pinpointed accuracy on the root cause of the problems. For district heating companies Leanheat provides an opportunity to optimize their energy production with demand response; buildings can be turned into virtual power plants that can be optimized like any other part of the production. The business model is based on one-time investment (hardware/sensors + software setup fee) and annual service fee.

Benefits Leanheat brings benefits to both

heat providers and consumers; energy

consumption of buildings can be cut by

10-20 %, maintenance costs by 5 % and

indoor climate improved; peak capacity

can be reduced by 15-30 %; district heating

companies can optimize their production and

network better than before.

Tallinn, Estonia

Users: Commercial and industrial building

owners and operators in cities

Development stage: Pilot customer

www.sphebotics.com

Same PV panel, added solar tracker – FROM 800 to 1 400 Wh PER WATT PER YEAR Most of the existing Sun trackers use the

combination of 2 axis movements to follow

the Sun trajectory in the sky. They are limited

to ground mounts, use a heavy gearbox to

rotate and have high price. On the other

hand, some solutions are limited to flat roofs,

have difficulties to work in snowy conditions

and do not offer efficiency services and data.

Sphebotics is a solar tracker that was

born out of research in parallel robots; it

is like a spherical joint and doesn’t require

any complex or expensive parts. They have

integrated weather and energy sensors

to collect real-time data, and are now

developing the dataset to deliver efficiency

services. Their software uses the data to to

calculate the optimal position of the solar

panels to harvest energy. The position is

then corrected with the help of the spherical

joint, boosting significantly the energy

production of the panels. Their mechanical

device is patent-pending, while software and

algorithms are protected by secrecy.

Benefits Increased solar panel efficiency;

in one of the first experiments, installing their

solar tracker increased the energy production

of a fixed panel from 800 to 1400 Wh per

Watt per year. The data allows to better

optimize the integration of solar panels within

the energy system of smart buildings. The

hardware is cheap to manufacture and install.

Weatherproof – water- and dust resistant,

and works also in the snowy North!

E N E R G Y

E N E R G Y

20 TOP 25 COMPANIES: ENERGY

Hubless flywheel energy storage – REVOLUTION FOR THE RENEWABLES

Espoo, Finland

Users: Train operators, heavy energy

consumers, utilities, renewable

asset owners, grid operators

Development stage: Prototype ready / large-scale pilot testing

www.teraloop.com

Energy production from variable renewable

sources of energy is limited by its intermittency;

combustion technologies are still required

to meet peak demand. Solutions to mitigate

renewable intermittency today include per

example demand side management, or

electrical energy storage (EES). Unfortunately,

existing EES technologies fall short of global

demand.

Teraloop is developing hubless flywheel

technology for scalable grid-scale stationary

energy storage applications. Their patent-

pending solution is a unique combination

of three proven technologies: flywheels,

magnetic levitation and brushless motors.

The brushless motor converts the electrical

energy into kinetic energy, which is stored in

the rotating rotor. When needed, the kinetic

energy is converted back into electrical

energy by the same motor now acting as a

generator. Their roadmap includes piloting

a 800 kW/400 kWh device starting 2019,

scaling up to 10 MW/10 MWh class arrays in

2020. The primary target markets include

grid frequency containment, bulk power

management, wayside regenerative braking

for trains, demand side management for

heavy energy consumers, and co-location

with solar and wind arrays, where the device

can be deployed underground, minimising

the visual footprint.

Benefits Their hubless rotor design keeps

the advantages of traditional flywheels

(fast response time, great durability, high

efficiency), while holding ten time the energy

density of a traditional solid rotor, and a

much smaller environmental footprint. This

makes for a compelling case in applications

requiring both heavy daily cycling, and

high energy capacity. The design is finally

inherently scalable, allowing the deployment

of megawatt class storage devices.

This used to be impossible – ENERGY RECOVERY FROM RESTAURANT VENTILATION

Malmö, Sweden

Users: Restaurants, real estate owners

Development stage: Product rollout / sales

www.enjay.se

Generally, the energy in the warm exhaust air

from restaurants is not recovered; instead,

it is released directly to the outside air. This

means real estate owners throw hundreds of

thousands of kWh’s into the air every year!

Enjay has a solution to recover heat energy

and distribute it back to the building in

a highly challenging environment: the

ventilation systems of restaurants. Their

patented energy recovery unit can survive

the grease, soot and moisture, which

normally destroy the technical equipment.

They put in the missing piece of the puzzle

– condensation. Their product, Lepido, is an

enhanced heat pump: it collects the warm

energy from the exhaust air from restaurant

ventilation. An evaporator is placed in the

duct, where it extracts energy. Grease and

soot are directed to designated areas where

they can be cleaned off. The water that

condensates out of the warm exhaust air is

collected and the energy that is bound in

warm (or cold) water is then transported via

piping to wherever it is needed in the heating

system of the building.

Benefits The amount of energy extracted

from the exhaust air can be increased

by almost 40 % compared to a process

without condensation. Real estate owners

can save money through reduced energy

consumption. The average installation saves

about 250,000 kWh’s every year. ROI in

Sweden is about 5-6 years. With the Swedish

energy mix the energy savings mean an

equivalent of 25 tons of CO2 emissions saved.

For one restaurant. Every year. Looking

at Sweden, Norway, Denmark, Germany,

Switzerland and Austria, the total saving of

CO2 if every restaurant was equipped with

Lepido, would correspond to the emissions

from well over 12 million cars.

JEREMIAH DUTTON from TRIFILON

Near 40 % of the energy can be extracted, saving energy, money and CO2 emissions.

Allows the integration of renewables to the grid by storing energy.

21INTERVIEW: TRIFILON

Scandinavian Biocomposites

WHAT PRODUCT DO YOU OFFER?

Today we offer three biocomposite products. All use natural fibres – specifically hemp fibre – as a re-inforcement. Basically we transform hemp fibres into materials that are easily processable in conventional manufacturing equipment, both locally here in the Nordics and globally. Our three different material are called BioLite, designed for injection moulding, BioForm, for made for compression moulding, and BioPhon for sound absorption. Essentially, we’re an advanced materials supplier.

HOW DID YOU GET THE IDEA FOR YOUR PRODUCT?

Trifilon started as a research project out of Linköping University more than 10 years ago. After quite a few years of prototyping, we had a project with Plastal to create lightweight materials for their

Interviewautomotive clients. That’s when we really moved out of the laboratory, out of small-scale prototyping, and started developing materials could be used in high volume production and really make impact.

And what we’ve seen is that the impact is twofold. Firstly, we can help reduce the amount of plastic in everyday goods: cars, buckets, suitcases, you name it. Secondly, we can help to increase the amount of bio-content in these products. This is where biocomposites really stand out. We’re taking regular, everyday polymers and strengthening them, reinforcing them. Mother Nature already made exceptional fibres, we’re just tweaking them and putting them to work. Also, hemp is super light. Its density is actually 30 % lower than even carbon fibre.

Today we have a pilot line in Nyköping, where we can produce roughly 400 tonnes of material per year.

It’s a one thing to be a start-up and have a great idea and then make some deliveries.

But it’s a different thing to be a production company.

Trifilon is a Top 10 company from 2016, now scaling up thanks to their first success- product and market timing.

Co-founders Jeremiah Dutton, Sales (left), and Martin Lidstrand, CEO (right).

JEREMIAH DUTTON from TRIFILON

22 INTERVIEW: TRIFILON

WHAT ISSUES IS THIS PRODUCT DEALING WITH?

We’re answering the question – how do we make plastic greener? The debate around plastics has really bubbled up in social media and news recently. There’s a lot of concern. The ocean is going to fill up with plastic by 2050 and China is now banning imports of plastic waste from the rest of the world. All of a sudden companies need to think more about what they’re doing with the plastic that’s in their products.

We’re also trying to tackle the C02 foot-

print challenge associated with plastics. Recently, we began investigating how to integrate recycled plastics – that would otherwise go to landfills or incineration – and upcycle them. Essentially, we can take old plastic and improve its mechanical properties by reinforcing it with our bio-fibres. Our initial goal was to have a couple of lab tests in 2018 – but things have happened much faster than we expected! Customers really responded. Now we have four customers already trialling it. It’s been a real “wow” moment! For our clients, its benefits are obvious – I can get the mechanical properties and I can have a material that has a really low CO

2 footprint. Great! Our goal is to have a

CO2-neutral material in the near future.

HOW HAS THE TRACTION BEEN DURING THE LAST YEARS?

We’ve seen a very fast response for BioLite. This is due to “ease of use.” The material is super easy for injection moulders to test. No new equipment or tooling needed, just plug and play. We also have the entire production process for BioLite in-house in Nyköping. We go from raw hemp to optimized biocomposite under one roof. This means we can tweak the material quicker to match customer’s specific needs. This has really helped to drive traction.

WHAT ARE THE BIGGEST OBSTACLES YOU HAVE FACED?

Industry conservatism. Which is also a form of risk mitigation. The way to avoid risk is to do the same thing you have always done. To counter this, we need to have all the facts, data points, graphs and processing parameters in place. And it really helps that you can go to Åhlens and buy EPIC’s new suitcase that’s made in our BioLite material.

Sometimes it’s the person on the shop floor that is the most difficult to convince. Even though their boss or the marketing department might want to say “Yes, let’s be green!”, they are the ones that have to implement it. They are the ones that need to shoulder the risk of trying something new. This is where conservatism and risk aversion can really spring up.

To overcome this, we try to support the brands and injection moulders that are going to use our material. For instance, with Epic, the brand owner of the luggage that is now available, I travelled a number of times to their production site to help get the suitcase right. This was appreciated. And the suitcase turned out great.

WHAT HAS FACILITATED YOUR DEVELOPMENT?

Pressure from end consumers. I can be really supportive, but if there is no pull from the market, it doesn’t matter.

Three years ago plastics and sustainability were addressed in CRS reports, but it often didn’t have management focus. In the last 12 months, it has really picked up. The thing I can connect it to is the mainstreaming of the plastic debate. All of a sudden, average consumers are informed and want to take action. Even Arla, here in Sweden, has started to use

bio-based polymers in its milk caps. Previously, the focus was simply just on the product – eco milk for example. Now people are even looking at packaging and what materials products are made of. Brands see this trend and are now reacting.

What’s really interesting is that we also see a strong pull from China. It seems to be for two reasons. In China, they have a program called ’Made in China 2025’, where they’re trying to move to the so-called Industry 4.0 – basically higher value-added products, services et cetera. They have identified 10 key areas and one of them is composites and lightweight materials. This fits us perfectly.

The other thing is that China is pushing electric vehicles. I was talking with a contact in the Chinese automotive industry and they explained that they are looking at

” Recently, we began investigating how to integrate recycled plastics – that would otherwise go to landfills or incineration – and upcycle them. Essentially, we can take old plastic and improve its mechanical properties by reinforcing it with our bio-fibres.

” It’s absolutely necessary to get feedback from both customers and investors.

23INTERVIEW: TRIFILON

How We Do It

BioLiteTM

Trifilon supplies lightweight biocomposites for injection molding. The material is called BioLite™.

changing the subsidies for EV’s that have a longer range. Apparently, it’ll be a big advantage for OEM’s if your car can meet these new mileage requirements. To reach the targets, they either need a bigger battery or need to chop weight off their car with lightweight materials, or both.

HOW DO YOU THINK THAT THE NORDIC CLEANTECH OPEN BENEFITTED YOU?

Going through the evaluation process was so useful. Looking back, I would say we were still vibrating around a bit. We had some good ideas, some good initial customer feedback, but going through the evaluation process, meeting investors, being scrutinized by the judges... we really needed to analyse our offer, why the market wanted it, why they’d pay for it and what pain we were solving.

Like a lot of start-ups, we started with a good idea, but sometimes you can operate in an echo chamber. It’s absolutely necessary to get feedback from both customers and investors who will have a variety of questions that you may have not considered. Have you thought about this risk? Why do you assume the market wants this? How do you compare to other solutions? How much money do you really need? What will you do with it? Every time we get the opportunity to have our ideas evaluated, poked and scrutinized – we say yes and take the meeting. Because we’ll be better for it. We’ll be sharper.

WHAT ARE YOUR NEXT STEPS FORWARD?

One major development that we’re focusing on is transitioning from being a start-up to being a production company. Right now our goal is to hammer out

ISO 9001 and ISO 14001 in 2018. If you don’t have ISO 9001, you can’t play with major clients, at least in our industry. This certification process means we need to step back and take a good look at our operations – what are we doing, how do we do it, what risks are there, who is doing what?

It’s as if all of a sudden we have to put on our grown-up pants. It’s one thing to be a start-up, to have a great business idea and to make some deliveries. It’s an entirely different thing to be a production company. For us, as a material manufacturer, it’s an absolutely necessary if we want to make substantial deliveries to OEM’s, whatever industry they’re in or product they make. Major global brands want to see that you’ve got structures and processes in place.

WOULD YOU HAVE ANYTHING ELSE YOU WOULD LIKE TO ADD?

I’d like to thank the Nordic Cleantech Open team – Magnus, yourself and everyone else. We’re appreciative the opportunity to have our business scrutinized and evaluated by some of the best investors and experts in the cleantech space. It was an invaluable process.

24 INTERVIEW: ENERGYNEST

InterviewThe problem is complex – the solution is simple.

The winner of Nordic Cleantech Open 2017, EnergyNest, is living the commercial breakthrough for their Thermal Energy Storage solution.

CHRISTIAN THIEL from ENERGYNEST

WHAT SERVICE DO YOU OFFER?

Our system increases profits and adds new revenue streams by allowing energy players to respond to the fluctuating market: customers can either resell the stored energy or put it back into their own business. Our thermal battery technology is modular, flexible, fully scalable and built for purpose. It is made from abundant, recyclable and non-hazardous geomaterials: steel and concrete.

This is how it works: the principle of the technology is to store heat within a solid state. Steel pipes run through a concrete-like material, transferring the heat through- out the storage system, ready for release when required. Our systems pay themselves off within 2-5 years, increase profits for decades and significantly reduce our customers’ carbon footprint.

Unlike certain other energy storage solutions, our system can be deployed anywhere and caters to medium and long-duration storage; from 30 MWh to 10  000 MWh or more. As we move further towards a world of renewables, our thermal battery technology will enable a more responsible use of intermittent energy, helping to balance the power grids and ensure a clean future.

HOW DID YOU GET THE IDEA FOR YOUR OFFERING?

Our founder Prof. Pål Bergan was and is the driving force behind the EnergyNest idea. The problem is complex: as more and more renewable energies enter the grid electricity consumers are exposed to their variable energy production and intermittency. The solution is simple: using abundant geo-materials to effectively integrate renewable energies into the grid in a reliable and environmentally friendly way.

25INTERVIEW: ENERGYNEST

The principle of the technology is to store heat within a solid state. LEGO-like structure allows scalability.

Based on the initial idea our fantastic team – 14 professionals with 7 nationalities and deep energy sector expertise – constantly translates customer ideas into real business while generating environmental impact. The ideas never really stop.

WHAT ISSUES IS THIS SERVICE DEALING WITH?

Industrial energy producers and consumers are leaving money on the table by not using their high value heat as an energy resource. We at EnergyNest store high value heat for later use, providing customers with flexibility to manage their energy.

HOW HAS THE TRACTION BEEN DURING THE LAST YEAR?

Increadible! We achieved revenues from four customers in four different countries across all of our three target segments. This was a real commercial breakthrough. Furthermore, we onboarded our first strategic investor mid last year based on our very positive traction in the market.

WHAT ARE THE OBSTACLES?

Well, we are active in the energy sector. Our speed and agility is, frankly spoken, slowed down a bit by the very high degree of conservatism in the energy sector itself. Further, sales cycles are rather long which can be frustrating at times. However, we also managed to adjust our organization in order to deal with these challenges and to succeed.

WHAT HAS FACILIATED YOUR PROGRESS?

That’s simple. Hiring the right people into the organization – not just from a skill set perspective but also from a personality and biochemistry perspective. Another big factor is working very actively with our supervisory board on those topics where we really need(ed) their support.

HOW DID THE NORDIC CLEANTECH OPEN BENEFIT YOU?

Winning the award last year was a very nice recognition of our mission and work. It gave confidence to the team and also resonated very positively with our investors. We are proud to be part of the Nordic Cleantech Open community!

WHAT ARE YOUR NEXT STEPS FORWARD?

Just watch us :)

THERMAL BATTERY ELEMENT THERMAL BATTERY MODULE THERMAL BATTERY SYSTEM

26

120

NUMBER OF APPLICANTS

100

80

60

40

20

02010/11

All New

2011/12 2013/14 2014/15 2015/16 2016/17 2017/18

60

PERCENTAGE OF APPLICANTS BY COUNTRY

50

40

30

20

10

02010/11

Faroe islands Latvia Estonia Iceland Denmark Norway Finland Sweden

2011/12 2013/14 2014/15 2015/16 2016/17 2017/18

STATISTICS

STATISTICS T

his year we have seen more new applicants than ever before to enter the Nordic Cleantech Open. Out of all the applicants – both

new entrants and the ones who are entering the competition with an updated application – 43 % are companies, which

HIGHEST AMOUNT OF NEW APPLICANTS

90 % are new entrants who have not applied to Nordic Cleantech Open before.

RECORD-HIGH AMOUNT OF FINNISH APPLICANTS IN COMPARISON TO LAST YEARS’ FINNISH APPLICANTS

Still Sweden has the highest amount of applicants, as in the previous years.

were established in 2016 or later. This indicates that the innovation scene is viable in the Nordics.

In this section we share some key statistics about the competition applicants across the different rounds, starting from 2010.

27

60

PERCENTAGE OF APPLICANTS BY COUNTRY IN THE TOP 25

50

40

30

20

10

02010/11

Latvia Estonia Iceland Denmark Norway Finland Sweden

2011/12 2013/14 2014/15 2015/16 2016/17 2017/18

2010/11 2011/12 2013/14 2014/15 2015/16 2016/17 2017/18

30

NUMBER OF APPLICANTS BY SEGMENT

25

20

15

10

5

0

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NUMBER OF APPLICANTS BY SEGMENT IN THE TOP 25

9

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1

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2010/11 2011/12 2013/14 2014/15 2015/16 2016/17 2017/18

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Was

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STATISTICS

RECORD-HIGH AMOUNT OF APPLICANTS IN THE TRANSPORTATION AND LOGISTICS SEGMENT

Material innovations, Industrial IoT, circular and service models, as well as energy efficiency solutions are also increasing.

SWEDISH AND FINNISH APPLICANTS REMAIN THE MAJORITY IN THE TOP 25

Latvian companies are for the first time in the Top 25. However, less innovations from Denmark reach the top.

MORE APPLICANTS THAN BEFORE WITHIN THE TRANSPORTATION AND LOGISTICS SEGMENT REACH THE TOP 25

Energy solutions still prevail.

The Platform Process■ WWF and Climate Solver Partners identify potential

Climate Solvers. WWF-India also directly reaches out to companies for nominations.

■ Based on a WWF calculation methodology and evaluation, Climate Solvers are selected by an expert panel and awarded on an annual basis.

■ In an effort to catalyze an enabling environment for climate innovations, WWF communicates the

potential of awarded Climate Solver technologies as well as the problems faced by the low carbon innovative SMEs (visit www.climatesolver.org for details).

■ WWF will have further discussions with the Climate Solver Partners to identify the major challenges and suitable measures for promoting low carbon technologies and enabling energy access.

Climate Solver Awardees

CLIMATE SOLVER PARTNERS

Confederation of Indian Industry

Technology Development Board(Department of Science and Technology, Government of India) National Innovation Foundation

For more information, please contact: Ms. Jincy Joy

Sr. Programme Of cer, WWF-India | E: jjoy@ww ndia.net

2012Theme: Energy AccessSmart Microgrid – Gram Power (India) Pvt. Ltd.Paribesh Chula – Enfragy Solutions India Pvt. Ltd.

Theme: GHG ReductionAir to Air Heat Exchanger for Cooling – Toro Cooling Systems Pvt. Ltd.Geothermal Building Cooling Systems – Green India Building Systems and Services Pvt. Ltd. (GIBSS)

2013Theme: Energy AccessImproved Biomass Cook Stoves – Enviro t India Pvt. Ltd.Low Cost Smart AC Solar Micro Grid – Naturetech Infrastructure Ltd.

Theme: GHG ReductionDecentralised Solar Thermal System for Industries – Aspiration Energy Pvt. Ltd.ARUN® Dish: Fresnel Paraboloid Solar Concentrator System – Clique Developments Ltd.E Grid: A Low-Cost, Scalable Platform and Analytics for Demand Side Management – Ecolibrium Energy Pvt. Ltd.

2014Theme: Energy AccessProgressive Purchase: Pay-as-you-goPricing Model – Simpa Energy India Pvt. Ltd.Decentralised Energy Solutions forUnderserved Households and Institutions – ONergy (Punam Energy Pvt. Ltd.)

Theme: GHG ReductionBioUrja: Low Cost Dry Anaerobic Digester – GPS Renewables Pvt. Ltd.PLUGnCHILL: Phase Change Material (PCM) based Thermal Energy Storage Technology (for mobile cold storage) – Thermal Energy Service Solutions Pvt. Ltd. (TESSOL)

CLIMATE SOLVER NORDICWWF’s Climate Innovation Platform

Climate Solver Nordic honorees are small and medium-sized enterprises that have the potential to become leaders in the region and the world in tackling climate change through innovation.

They are selected as Climate Solvers based on the development of cutting-edge technologies and business models that significantly reduce carbon emissions and/or enable energy access through sustainable clean energy solutions.

They have robust business plans for their proprietary technology and ambitions for large-scale deployment of their climate innovation, both nationally and globally.

They are disrupting conservative sectors through more attractive market offers that displace fossil fuels and other sources of greenhouse gas emissions.

Supporting Partners Climate Solver would not have been possible without the generous support from Dustin and Swedish Postcode Lottery.

For more information, please contact:info@climatesolver.org

www.climatesolver.org

Climate Solver Nordic companies of 2017, from the left: Ludvig Bellehumeur (EnergyNest AS), Georg Rute (Sympower Oy), Per Hansson (Scandinavian Water Technology AB), Stefan Alvarsson (Formconsult AB), Liselott Johansson (Greater Than AB), Sofie Allert (Swedish Algae Factory).

CLIMATESOLVER2018