SWEDEN – Ingka Investments, the investment arm of Ingka Group—the world’s largest Ikea retailer—has committed EUR 2 million to Swedish innovation company Green14, aiming to support more sustainable silicon production and secure critical raw materials for a renewable energy future.

This investment will accelerate the development of Green14’s hydrogen plasma technology, which transforms quartz into high-purity silicon with significantly lower emissions compared to traditional methods. This breakthrough could revolutionize silicon production, a key component in solar panels and other technologies, while promoting cleaner industrial practices.

The agreement also includes a potential off-take arrangement, enabling Ingka Investments to become a significant buyer of the produced material.

Frederik de Jong, Head of Renewable Energy at Ingka Investments, emphasized the importance of innovation in driving sustainability. “This investment strengthens our commitment to a resource-efficient future and allows us to source more sustainable silicon for our solar panels at a favorable rate.”

Adam Podgorski, CEO of Green14, expressed that the partnership will advance sustainable silicon production and help Europe secure essential raw materials for its climate objectives.

This move is part of Ingka Group’s broader €7.5 billion strategy to achieve 100% renewable energy consumption across its value chain. Ingka Investments has already allocated EUR 4.2 billion to renewable energy projects, including wind and solar power.