Solar Foods Advances Solein with New Funding and US Introduction of Protein Bites

Finnish food tech company Solar Foods has received €10 million in additional funding from Business Finland to support the development and commercialization of its Solein protein. The funding is part of the company's IPCEI project approved by the European Commission, with the total investment reaching €33.6 million. Solar Foods is also working on the construction of two production facilities, Factory 01 and Factory 02, with plans to invest up to €600 million in the project. The company has received €9.7 million in funding through the program so far and is making progress towards regulatory approval for Solein.

In addition to funding developments, Solar Foods has introduced Solein Protein Bites in the United States, targeting the health and performance nutrition market. The protein snack contains real peanut butter and hazelnuts, coated in chocolate, providing a source of protein, iron, and vitamin B12. With a 78% protein content and all nine essential amino acids, the product offers a sustainable alternative to conventional protein sources like soy and whey. Solar Foods sees great potential for Solein in the food industry, citing its nutritional value, taste, and sustainability as key features that set it apart in the market.