Sweden's Energy Agency (Energimyndigheten) has launched its second reverse auction, offering SEK 10.17 billion in investment and operational support for bio-energy with carbon capture and storage (bio-CCS) projects. The programme aims to incentivise commercial operators in Sweden to capture, transport, and permanently store biogenic carbon dioxide, supporting the country's net-zero and negative emissions targets. Winning operators will receive support payments for up to 15 years, with a requirement to deliver stored biogenic carbon dioxide within four years of receiving funding. This initiative addresses the high capital and operational costs of bio-CCS, providing financial certainty to commercialise large-scale biogenic carbon capture.
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