Context

Swedish Stirling is a Swedish cleantech company developing systems to produce electricity from residual industrial gases.

The company’s latest product, the PWR BLOK 400-F, is a unique proprietary solution for converting thermal energy from industrial residual and flare gases into 100% carbon-neutral electricity at high efficiency. The company has letters of intent (LOIs) with the main players in the South African ferrochrome market: Samancor, Glencore and Richards Bay Alloys.

In April 2021, Swedish Stirling announced the signing of an energy conversion agreement with Glencore for 25 PWR BLOK units at the Lion ferrochrome smelter in South Africa, illustrating that the potential for the technology becoming a commercial reality with significant revenues is within reach.

Swedish Stirling’s ambitions for international expansion were strengthened in March 2021 by the signing of a LOI with SMS Group GmbH to use PWR BLOK technology for energy recovery projects in the European ferro-alloy industry.

About Swedish Sterling

Swedish Stirling AB is a Swedish cleantech company founded in 2008 with a mission to further refine the incomparable ability of Stirling technology to convert thermal energy to electricity. The company's latest product – the PWR BLOK 400-F – is a unique proprietary solution for recovering energy from industrial residual and flare gases and converting them to 100% carbon-neutral electricity at a high rate of efficiency. According to an independent certification, the PWR BLOK is the cheapest way to generate electricity that exists today, yielding greater CO2 savings per krona invested than any other type of energy.

Discover Swedish Stirling

Tor Berthelius

Investment Banking Head of Nordic Operations

Tor Berthelius photo

Pierre Kiecolt-Wahl

Equity Capital Markets

Pierre Kiecolt-Wahl photo

Olivier Beaudouin

Investment Banking

Olivier Beaudouin photo

Gregoire Angleys

Equity Capital Markets

Gregoire Angleys photo

Andreas Forsman

Investment Banking

Andreas Forsman photo

Théodore De Charsonville

Equity Capital Markets

Théodore De Charsonville photo

Deal Team

Should you want to know more about this transaction, you can contact one of the team members above

Privacy Preference Center