How Finnfjord is transforming CO2 emissions into sustainable value through algae innovation

In 2024, Finnfjord was recognized as Norway’s winner of the Capgemini Nordic Sustainability Tech Award for their pioneering work in carbon capture through algae cultivation. We spoke with Geir-Henning Wintervoll, CEO of Finnfjord, to learn more about their motivation for applying, the ripple effects of winning the award, and their advice for other sustainability tech innovators looking to make a meaningful impact. 

What inspired you to apply for last year’s award with your sustainability tech solution, and how has winning the award impacted you since then?

“We saw it as a valuable opportunity to highlight our algae project. This initiative is key in our efforts to reduce CO2-emissions, and increasing visibility around it is crucial for us. We also hoped the award could help us build new connections that might strengthen the project further. The decision on applying was made to boost awareness and momentum around a project and solution we truly believe in.” 

What advice would you give to sustainability tech innovators considering submitting their nomination for this year’s Sustainability Tech Award?

“The application process is simple and could open new doors for you. For us, the Sustainability Tech Award was a lot of value for the effort, ‘mye for penga’, as we say. Every new sustainability project needs visibility and a network of like-minded innovators. Thanks to the Sustainability Tech Award 2024, we were invited to ONE Ocean Week in Bergen and established a relationship with Capgemini, which has opened new doors and expanded our reach. This award could be a platform for growth.” 

How has the award helped you gain visibility, partnerships or funding for your project?

“Winning the award has definitely increased our visibility. Since then, we’ve been approached by investors who specialize in sustainable technology. The Sustainability Tech Award helps amplify the voices of companies that matter to green investors. While we’re not ready to take the next step just yet, the award has brought us closer to the market and helped us understand what’s needed to move forward. It’s been a catalyst for meaningful conversations and future possibilities.” 

What do you think sets a strong nomination apart in the award?

“A strong nomination needs to showcase true innovation, but that’s just the beginning. Scalability is key. The project must demonstrate real-world impact, and ideally, it should also show potential for profitability. These three elements, innovation, impact, and viability, are what make a submission stand out.” 

What has happened since last year, what´s next for your project and how do you see it contributing to a more sustainable future?

“We’re currently developing new lighting prototypes that are essential for advancing our algae solution. At the same time, we’re keeping a close eye on global market uncertainties, which means we need to be strategic about our pace. Our innovative algae farming project represents a unique technology using algae to reduce CO2-emissions. Succeeding with the project can turn emissions into microalgae for aquaculture feed. It’s a win for the climate and a win for business. But it’s a long-term journey, and we’re committed to seeing it through.”