18 May, Amsterdam/Skellefteå – SkyKraft, the joint venture between SkyNRG and the Swedish power company Skellefteå Kraft, has been awarded 21 million EUR approx. from the Swedish Energy Agency’s Industriklivet Initiative. While Project SkyKraft is grounded in long-term commercial investment and market demand, early-stage funding remains important in advancing projects toward Final Investment Decision (FID). The support will help accelerate the next phase of development for the planned eSAF facility at Näsudden in the Port of Skellefteå.
Industriklivet, part of Next Generation EU, co-finances industrial projects that reduce fossil emissions. The grant will support the next phase of Project SkyKraft’s feasibility work, including the design and engineering activities needed to prepare for FID in 2027. Once operational, SkyKraft aims to produce up to 130,000 tonnes of eSAF annually using renewable electricity and biogenic CO₂.
The grant comes at an important moment for the renewable fuels sector in Europe. While several electro fuel projects have faced financing challenges in recent months, the support from Industriklivet underlines confidence in SkyKraft’s business model, strategic partnerships and long-term market potential. Unlike broader electro fuel markets, demand for eSAF is being driven by clear regulatory mandates and accelerating aviation decarbonization targets across Europe.
SkyNRG CEO & Co-Founder Maarten van Dijk:
“This support is a strong signal that SkyKraft represents the kind of project Europe needs to scale SAF production. eSAF is a complex and capital-intensive industry, but the long-term demand fundamentals are very strong. With SkyNRG’s experience in SAF markets and Skellefteå Kraft’s renewable energy expertise, SkyKraft combines industrial capability with the right market conditions to move from ambition to delivery.”
Joachim Nordin, CEO of Skellefteå Kraft:
“Funding from Industriklivet is a clear confirmation that the Swedish Energy Agency also recognizes SkyKraft as vital both for the aviation sector’s transition and for Sweden’s resilience. During the feasibility phase, we have received further confirmation that Näsudden offers world-class conditions for eSAF production. This includes access to renewable electricity and biogenic carbon dioxide required for production, but also the necessary infrastructure and the expertise available within our companies and in our region.”
Caroline Asserup, Director General at Swedish Energy Agency:
“The geopolitical situation and what is currently happening in the global fuel markets shows how important it is to get away from dependence on fossil imports. This investment provides synergies as we can both reduce emissions and at the same time build up domestic production of aviation fuel.”
SkyKraft is SkyNRG’s third facility, which joins Project Wigeon, in the US – a renewable natural gas to SAF project and DSL-01, a large-scale SAF plant in the Netherlands that recently reached FID earlier this year. Together these projects highlight the continued momentum behind SAF projects with strong industrial foundations and clear market alignment.
Notes To Editors
About SkyNRG
Since 2009, SkyNRG has been a change maker in the aviation industry. We are dedicated to supplying and producing high-integrity Sustainable Aviation Fuel (SAF), making sustainable aviation a reality. Collaboration is fundamental to achieving our ambition. We nurture genuine relationships with global partners in our drive to make SAF the alternative to fossil jet fuel. Our in-house team of SAF experts have helped over 60 airlines and +100 corporates reduce their climate impact using the Book & Claim mechanism; the most transparent and traceable way to support aviation sustainability with real emission reductions.
Sustainability is woven into the fabric of our company proven by our B-corp certification. We maintain an independent Sustainability Board, which advises the company on feedstocks and provides strategic guidance on wide-ranging sustainability issues. SkyNRG operations are certified against the RSB EU RED, CORSIA, and Book & Claim standards. Learn more at www.skynrg.com.
About Industriklivet
Industriklivet is a Swedish government initiative, administered by the Swedish Energy Agency, that supports innovative industrial projects aimed at reducing greenhouse gas emissions and accelerating the transition to net zero. Through funding for feasibility studies, research, pilot and demonstration projects, and commercial-scale investments, Industriklivet helps advance breakthrough technologies and industrial solutions with strong climate impact potential. Since its launch in 2018, the initiative has supported projects across sectors including hydrogen, electrification, carbon capture, bio-based solutions, and sustainable fuels, contributing to Sweden’s long-term climate and industrial transformation goals.
