In March, the Land and Environment Court announced that Stockholm Exergi has been granted a permit to build one of Europe’s first large-scale plants for capturing carbon using bio-CCS at Värtan in Stockholm. 

Crown Princess Victoria and Prince Daniel visited Stockholm Exergi in April. Carbon capture and district heating’s role in the energy supply were among the issues discussed during the visit. 

In May, international credit rating agency S&P Global Ratings confirmed Stockholm Exergi’s long- and short-term credit ratings and outlook, with Stockholm Exergi retaining its BBB+ credit rating.

Bio-CCS and its potential to help achieve climate goals was on the agenda when Ministers for Climate and the Environment Romina Pourmokhtari (Sweden) and Kai Mykkännen (Finland) visited Stockholm Exergi in May. 

In May, we announced our signing of an agreement with Microsoft for SEK 3.33 million tons of permanent negative emissions from Stockholm Exergi’s planned bio-CCS plant. Deliveries are scheduled to begin in 2028 and continue for ten years. 

We announced in June that Stockholm Exergi has signed an agreement for permanent negative emissions valued at over SEK 500 million (USD 48.6 M) for deliveries during the 2028-30 period. The purchase will be made by Frontier and includes buyers Stripe, Alphabet, Shopify, Meta, JP Morgan Chase CO, H&M and McKinsey Sustainability.

In June, we announced our collaboration with Sollentuna Energi och Miljö, which will use Stockholm Exergi’s digital platform to offer its customers services that make it easier to optimize heat usage while also creating conditions to improve the district heating system’s resource efficiency.

In September, Stockholm Exergi became electricity market balance manager. In this new role as balance service provider, Stockholm Exergi helps maintain frequency and avoid disturbances in the electricity system.

In November, Stockholm Exergi issued its first bond on the Norwegian capital market for a total amount of NOK 1 billion.

In January 2025, the Swedish Energy Agency announced that Stockholm Exergi is the only company to be awarded support to create permanent negative emissions. The support is awarded for our project at Värtan in Stockholm.