SeaPattern, which was kicked out of LEAD’s incubator program with a gold boot in the summer of 2025, is now taking big steps in its growth journey. The company has secured SEK 50 million in a new share issue to scale up production of its unique integrated turbine solution, which can increase energy production at hydropower plants by between 7 and 10 percent.
SeaPattern’s technology is based on harnessing the kinetic energy of the flowing water downstream of a hydropower plant. Using proprietary software, the turbines are optimally positioned in the stream to maximize electricity production – a solution that is both cost-effective and quick to install.
The company has now raised SEK 50 million to industrialize the technology. The largest investor in the new issue is the state-founded venture capital company Industrifonden.
The company’s total funding since its inception in 2020 now amounts to SEK 71 million, the vast majority of which is venture capital. Among other things, Norrsken Launcher stepped in as a partner this spring.
– “Lately, we have been focusing on moving from prototype, pilot to industrial production, and this funding allows us to build a whole new level of capacity. It feels fantastic,” says Niklas Boman, CEO and co-founder.
LEAD CEO Catharina Sandberg comments:
– SeaPattern is a great example of how technology, sustainability and entrepreneurship can come together. To see a company leave us with a golden boot and then raise 50 million to industrialize their solution – that’s exactly what we at LEAD want to enable for our entrepreneurs. We are extremely proud to have been part of SeaPattern’s journey.
The Svartåfors hydropower plant outside Linköping will be the site of the first installation, which will demonstrate how the technology can give existing hydropower producers higher returns with little intervention.
The plan is to launch the product on the market by the end of 2026, with a view to establishing it both in Sweden and internationally.
