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Cleantech for Baltics Ecosystem Coalition was officially launched in Tallinn, the capital city of Estonia, marking a significant milestone in the run towards net-zero for the Baltic cleantech sector on May 23. Cleantech for Baltics initiative aims to accelerate the adoption of clean technologies and foster collaboration among the Baltic countries — Estonia, Latvia, and Lithuania. By pooling resources, knowledge, and expertise, Cleantech for Baltics endeavours to address pressing environmental challenges as business opportunities for driving the transition to a sustainable future.

The key objective of the Cleantech for Baltics Ecosystem Coalition is to tackle the Baltic cleantech challenges together - to increase investment opportunities and influence policy development - for creating the best environment for the growth of Baltic cleantech startups and scaleups.  “This collaborative initiative represents a crucial step towards a development of Cleantech for Baltics, as we bring together key ecosystem members to drive innovation, motivate partnerships, and create lasting positive impact in our region,” says Erki Ani, Executive Director at Cleantech for Baltics.

The Coalition serves as a knowledge and opportunity sharing platform updating one another on the latest developments in the cleantech sector and sharing valuable insights and experiences. Cleantech for Baltics provides regular insights of the Baltic cleantech sector and policy scene; up-to-date information and analysis on the latest trends, innovations, and opportunities for the cleantech industry with the possibility to influence local and EU policy-making through the collaboration between Cleantech for Europe and other regional  cleantech initiatives. By staying informed and engaged, the coalition members can make more informed decisions and drive positive change in their respective domains. By fostering collaboration and knowledge exchange, the coalition aims to strengthen the collective efforts towards achieving sustainable growth.

To further advance the adoption of clean technologies, the coalition conducts deep dives into various cleantech sub-categories. By examining specific areas such as renewable energy, waste management, and sustainable transportation, the coalition aims to identify challenges, best practices, and emerging solutions. This in-depth exploration enables the coalition to develop targeted strategies and initiatives that address the unique needs and opportunities within each sub-category and country.

“By harnessing the power of cleantech innovation, we can revolutionize industries, mitigate climate change, and create a world where sustainability is the foundation of prosperity,” said Dr. Éric Dusseux, Venture Partner at Breakthrough Energy Ventures, a Cleantech for Baltics member and organization that aims to accelerate the clean energy transition to help the world reach net-zero emissions by 2050. “This ecosystem coalition will strengthen European cleantech and be a catalyst for decarbonization that will help safeguard the planet for future generations.”

The Cleantech for Baltics ecosystem coalition has successfully launched, bringing together a distinguished group of prominent organisations and associations dedicated to driving the race towards net-zero and fostering clean technology innovation in the Baltic region. The coalition boasts an impressive line-up of esteemed members, including the Latvian Private Equity and Venture Capital Association, Estonian Private Equity and Venture Capital Association, Lithuanian Private Equity and Venture Capital Association, Latvian Business Angel Network, Estonian Business Angel Network, Lithuanian Business Angel Network, Latvian Startup Association Startin.LV, Rockit Vilnius, Startup Estonia, Estonian Founders Society, Lithuanian Responsible Business Association, Investment and Development Agency of Latvia, Accelerate Estonia, Lithuanian Confederation of Renewable Resources, CleanTech Cluster Lithuania, Estonian Renewable Energy Association and Hydrogen Alliance Latvia.

Cleantech for Baltics is powered by Cleantech Estonia, Greentech Cluster Latvia, and Sunrise Tech Park, and is supported by Breakthrough Energy, a network of investment vehicles, philanthropic initiatives and policy and advocacy efforts founded by Bill Gates in 2015 to accelerate the clean energy transition and help the world reach net-zero emissions by 2050.

Launched in 2021, Cleantech for Europe represents the trailblazers developing, deploying and invesng in clean technologies across the EU. Our mission is to make cleantech a strategic priority in the EU by bridging the gap between cleantech and policy leaders. The iniave equips policymakers with insights about cleantech and builds coalions to chart a new path for the connent.

In 2017 the consolidation of the Lithuanian cleantech market began. Since then, investments in local cleantech have reached 705 mils EUR. The energy, transportation, and resources sectors have been booming the most, with 48 startups and scale-ups attracting more than 50 investment rounds during the period.

The new “Lithuanian Cleantech Ecosystem 2022 Review”, published by Sunrise Tech Park and Cleantech Cluster Lithuania, analyzes local energy, mobility, and resource startup ecosystems, as well as engineering and production scale-ups with globally recognized cleantech products & services. 

The research aims to highlight the importance of Lithuania’s clean technology sector for the local economy and position Lithuania in the context of the global economy. As renewable energy, new mobility, and related cleantech sectors are attracting significant global investments, it is hoped Lithuania should play an important role in this process. 

Click HERE to see the review  or check this link: https://bit.ly/LTCleantechEcosystem.

Cleantech for Baltics was launched at Baltic Sustainability Awards in Riga on November 30th. 

Cleantech for Baltics goal is to strengthen the region by streamlining available opportunities and enabling stakeholders to mobilize finance, policies and demand to accelerate innovation. We intend to build bridges between the cleantech community and the Baltic policy-makers to put cleantech innovation at the centre of the public debate. 

“The Baltics are one of the most exciting regions for cleantech innovation in Europe. Estonia, Latvia and Lithuania can leverage their vibrant innovation ecosystems and strong demand for energy security and sustainability to develop and scale the technologies we need for a global net-zero emissions future. We believe that the Cleantech for Baltics coalition can be a platform for more coordination between investors, public decision-makers, innovators and companies to establish a new Baltic leadership in cleantech,” says Julia Reinaud, Senior Director at Breakthrough Energy.

Baltic countries are already taking ambitious steps towards the race to net zero with vibrant innovation ecosystems, regional and national policies in place, and more under development, not to mention the growing number of climate-aware industrial players, venture funds focusing on cleantech, sustainability-oriented citizens, and world-class scientists. As a group of three agile countries with shared sustainability and energy security goals, the Baltic region can build on cross-border synergies and complementarities to become one of the leading regions for developing and deployment the next generation of clean energy technologies.

“The Baltics are a great launchpad for cleantech innovation. The strong start-up culture means ideas can be validated quickly, before being scaled across Europe. We are thrilled to see Baltic countries coming together to make cleantech a regional strategic priority,” says Jules Besnainou, Executive Director at Cleantech for Europe. 

“While our countries share a somewhat similar culture and history, the ambitions and progress in the cleantech sector innovation haven’t been too coordinated. Now, with the help of world-class leadership, we are translating the strategic development into a tremendous economic potential,” says Erki Ani, Chief Executive Officer at Cleantech for Baltics. 

Issuing the Baltic cleantech sector report, looking at investment figures into innovative   startups   and   policy-level   opportunities   or   hindrances   in   Estonia, Latvia, and Lithuania marks the first step towards the planned activities of the initiative. Moreover, strengthening the core of Cleantech for Baltics, the founding members of the investor's coalition held the first meeting on November 29 to align the interests and paths forward in seeking broader scale capital allocation opportunities and insights from the Baltics VC community.

Cleantech for Baltics is supported by Breakthrough Energy and powered by Cleantech Estonia, Greentech Cluster Latvia and Sunrise Valley Science and Tech Park. 

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About Breakthrough Energy 

Breakthrough Energy was founded by Bill Gates in 2015 to accelerate the clean energy transition and help the world reach net-zero emissions by 2050. Through investment vehicles, philanthropic programs, policy advocacy and other activities, Breakthrough Energy is committed to scaling the technologies the world needs to meet its climate goals. 

About Cleantech for Europe 

Launched in 2021, Cleantech for Europe represents the trailblazers developing, deploying and investing in clean technologies across the EU. Our mission is to make cleantech a strategic priority in the EU by bridging the gap between cleantech and policy leaders. The initiative equips policymakers with insights about cleantech and builds coalitions to chart a new path for the continent.