Meva Energy, an EIT InnoEnergy portfolio company, has entered into a groundbreaking 15-year agreement with Elcowire, a leading European copper wire manufacturer, to supply 9 MW of renewable biogas to Elcowire’s Helsingborg facility in Sweden. Valued at 500 million SEK, this deal represents Meva Energy’s largest contract to date and marks a historic milestone for the industry. Through this collaboration, Elcowire becomes the world’s first copper wire producer to fully replace fossil gas with fossil-free energy in its production process.
This partnership is a crucial step toward achieving sustainable transformation in the metallurgy industry, which accounts for about 10% of global CO2 emissions. By transitioning to renewable biogas, Elcowire is setting a new global standard for energy-efficient and environmentally responsible production methods.
The agreement builds on a successful feasibility study and specifies that Meva Energy will design, own, and operate an on-site energy plant capable of producing 9 MW of renewable biogas for Elcowire’s Helsingborg facility over a 15-year period. At a value of 500 million SEK, this is not only Meva Energy’s largest deal to date but also marks the first implementation of its biogas technology in the metal industry.
Niclas Davidsson added, “This partnership is a major milestone for both companies, demonstrating that fossil-free production is not only possible but scalable, even in energy-intensive industries like copper manufacturing.”