Stockholm Exergi announced its decision to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.

Stockholm Exergi has been awarded support in the Swedish Energy Agency's reverse auction for BECCS. The approved support amounts to just over 20 billion SEK and will be disbursed continuously over a maximum of 15 years, starting from the commencement of geological storage. The support is an important part of the funding to enable the permanent removal of 800,000 tons of carbon dioxide per year, which is more than Stockholm's road traffic emits during the same period.

Stockholm Exergi announced that it has signed a contract with Microsoft covering 3.33 million tons of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The agreement represents the world's largest permanent removals deal to date.