Nordic companies come together to unlock waste to energy in Canada
Consulting and engineering company Elomatic makes equity investment in Varme Energy Canada, a subsidiary of the Norwegian company Varme Energy. Varme is a pioneering leader in converting waste into energy in Europe.
Elomatic has made an investment in Varme Energy’s Canadian subsidiary. Varme Energy boasts over 30 years of experience in projects that transform waste into energy. Elomatic’s investment supports Varme’s growth and further advances the company’s growing portfolio of projects in Alberta.
Varme Energy leverages proven technology and extensive industrial experience from its Scandinavian partners.
“In addition to their financial investment, we’ll be leaning on some of Elomatic’s deep technical expertise in energy, heating systems and engineering projects to support the execution of our projects here in Canada,” says Sean Collins, CEO of Varme Energy Canada.
“Varme’s mission and values align wonderfully with our own, as we are committed to design solutions that increase the wellbeing of people and the environment. We are proud to make this investment in Canada, which also supports our international growth ambitions,” says Tom Lind, CEO of Elomatic.
Another significant investor in Varme is Norwegian Green Transition Holding, which develops, invests in, and builds companies specializing in waste-to-energy, bioenergy district heating, and carbon capture and storage. With Elomatic’s investment, the commitment of Nordic investors into the Canadian energy transition space is further enforced.
Piia Leinonen, Marketing and Communications Director, Elomatic
+358 40 350 3719
Elomatic is an international consulting and engineering company that provides top-level expert services, products and turnkey solutions to process, machinery, marine, energy and pharmaceutical industries. We are focused on continuous improvement and sustainable development, and we are committed to design solutions that increase the wellbeing of people and the environment. Established in 1970, Elomatic employs 1,300 professionals, and has customers in more than 80 countries across the globe.