News item | 2010-06-07 | 13:30 PM

Launching the world’s largest innovations factory

By 2014, the large European investment in energy – InnoEnergy – is to create 60 new companies and 100 new products in the field of energy. The total budget for this is over SEK 6 billion. KTH, Royal Institute of Technology, and Uppsala University are behind the Swedish leg of InnoEnergy together with ABB and Vattenfall.

In addition to a range of new products and companies, InnoEnergy is also to register 80 patents and hold examinations for 3,300 students in the field of energy over the next five years. Sweden and the Mälardal region will benefit from a sixth of the share of this large European investment in energy, including over 500 new job opportunities and 12 patents.

KTH and Uppsala University are behind the Swedish leg of InnoEnergy together with ABB and Vattenfall. In Sweden, two areas of research will be prioritised – smart electricity networks and electricity storage.

According to Ramon Wyss, Vice-President of KTH and coordinator for InnoEnergy, InnoEnergy is the world’s largest innovations factory and cooperation between universities and companies. This large investment is essential for Sweden’s prosperity and will lead to the creation of many new jobs and exciting career options, both in Sweden and in the rest of the EU.

For further information, please contact
Johan Söderbom - R&D Programme Manager, Smart Grids 

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Research and development
InnoEnergy (new window)