More top picks for the Swedish-American business community.
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REUTERS | The Swedish elections were held on September 11th and after all the ballots were counted, results showed the right-wing block consisting of the Moderate Party, the Christian Democrats, The Liberal Party, and the Sweden Democrats won with a slight majority in parliament. On Monday, October 17th, after one month of negotiations between the four parties, it was announced the new government would consist of the Moderate Party, the Liberal Party, and the Christian Democrats while working closely with and seeking support from the Sweden Democrats in questions like criminality, immigration, and healthcare.
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SVENSKA DAGBLADET 🇸🇪 | Four gas leaks have been discovered on Nordstream 1 and 2, following what is suspected to be an act of sabotage. The pipelines, transporting natural gas from Russia to Germany through The Baltic Sea, were attacked on September 26th and seismologic data shows evidence of explosions on the pipelines. The area surrounding the leakage has been closed off, and further investigations into possible causes and risks following the attack have been initiated.
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THE NEW YORK TIMES |The winners of this year’s Nobel Prize in Chemistry, Physics, Medicine, and Literature have been announced. The Nobel Laureates will, after two years of the pandemic, be the first winners to attend the Nobel Dinner and Award Ceremony in Stockholm, Sweden on the 10th of December.
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THE NEW YORK TIMES | America’s economy is facing a marked — and intentional — slowdown as the Fed raises interest rates to chill demand and drive down price increases, the kind of pullback that would usually result in notably higher unemployment. But officials are still hoping to achieve a soft landing in which growth moderates without causing widespread job losses. A few have speculated that today’s staffing woes will help them to pull it off, as companies try harder than they have in the past to weather a slowdown without cutting staff.
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THE GUARDIAN | UN Body Reaches Long-Term Aviation Climate Goal of Net Zero by 2050
A United Nations body has agreed to a long-term aspirational goal for aviation of net-zero emissions by 2050, despite challenges from China and Russia, as countries aligned overwhelmingly with airlines amid pressure to curb pollution from flights. Nevertheless, environmentalists criticized the non-binding nature of the agreement as toothless.
THE ECONOMIST | Can Europe decarbonize its heavy industry?
Swedish steel is considered the world’s toughest. It may soon become its greenest. In Boden, a town near the Arctic Circle, a startup called H2 Green Steel (H2GS) is erecting a €4bn ($4bn) new mill, Europe’s first in nearly half a century. It will be powered not by the usual coal or natural gas but by green hydrogen, produced on-site by the region’s abundant wind and hydropower. The project matters far beyond sparsely populated northern Sweden. It could, in short, thinks Ann Mettler of Breakthrough Energy, a venture-capital fund backed by Bill Gates, mark the rebirth of Europe’s heavy industry for the post-fossil-fuel era.
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SACCNY is proud to present the eight Swedish Green-Tech companies participating in the InnovateNordics Acceleration Program and Pitch & Investor Summit 2022! This carefully selected group of companies all face exciting journeys with expansion and/or acceleration plans in the U.S. market. During the fall the companies have participated in a virtual U.S. Acceleration Program hosted by SACCNY which has featured multiple workshops ranging from Pitching to Marketing & Communications in the U.S., as well as B2B Matchmaking and 1:1s with legal experts, pitch experts and personal mentors.
Let’s meet the eight companies!
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Rawstraw produces 100% natural drinking straws made of rye. Their product utilizes a by-product of rye production, meaning that the raw material used does not contribute to greenhouse gas emissions, as well as making the straws biodegradable.
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BioCell Analytica offers effect-based methods to detect chemical contaminants in the
environment. BioCell Analytica’s methods can be used to ensure drinking water safety, wastewater treatment efficiency, surface water quality in environmental monitoring as well as to evaluate efficiency of novel treatment techniques for water.
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PlasticFri is a cleantech company aiming to minimize the environmental impact of conventional petroleum-based plastic by making an environmentally friendly alternative. The company’s products are 100% compostable, biodegradable, and toxic-free.
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Northe’s vision is to simplify the transition from fossil fuel-driven cars to electric, focusing on the end-user. They provide drivers with an exceptional charging tool, companies with a platform that simplifies payments and administration, and charge point facilitators with the availability to integrate a simple payment solution for their stations.
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Enjay specializes in energy efficiency in hostile environments. They have developed a technical platform that is able to recover energy in polluted airstreams where existing technologies are unable to operate. Enjays’s first innovation, Lepido, is a heavy-duty heat exchanger for polluted exhaust air. It makes energy recovery in impossible environments not only possible but also profitable.
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C-Green is an innovative process engineering company with a complete solution to efficiently convert large amounts of sludge into biocoal. A single OxyPower HTCTM plant can convert 30,000 tons of sludge – the amount generated from the treatment of wastewater from 300,00 people – into 5,000 tons of biocoal – while at the same time eliminating pathogens, removing pollutants, increasing biogas production, eliminating greenhouse gas emissions and saving money.
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Since 2014 Grönska has developed, built and tested vertical farming technology. In 2018, Grönska inaugurated one of Europe’s largest vertical farms, in the outskirts of Stockholm. GrowOff by Grönska enables produce to be grown locally which means they are always freshly harvested. Not only does this make the produce taste better, but it also increases shelf life which in turn reduces waste.
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ClimateView is a Swedish company that has created a solution that helps climate planners and decision-makers in cities create transparent climate action plans. This dynamic planning and visualization tool helps cities and municipalities reduce their carbon footprint in accordance with global climate targets.
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