Sweden's Energy Agency has awarded roughly SEK 9.3 billion, about $1 billion, to Renova, SYSAV, and Oresundskraft under the country's second bio-CCS reverse auction. The three waste-to-energy companies plan to capture and permanently store 5.75 million tonnes of biogenic CO2 during the support period, with geological storage required to begin within four years of the funding decision. The scheme pays per tonne of CO2 stored. The first auction gave Stockholm Exergi more than SEK 20 billion for over 11 million tonnes. Sweden is aiming for net-zero emissions by 2045 and negative emissions after that. This round shows growing early-stage BECCS interest, but the real test is whether the awarded projects move from paper to permanent storage on schedule.
