SaltX’s conditional loan of approximately SEK 24 million from the Swedish Energy Agency is converted to a grant
In 2012, SaltX Technology was granted support in the form of an advance with a repayment obligation (“conditional loan”) from the current Swedish Energy Agency to finance development within three applications for better energy utilization. Since the development project did not result in any commercial product or service, SaltX has, on several occasions, applied for remission of the loan. The Swedish Energy Agency notified the company today of its decision to convert the conditional loan into a non-repayable grant. This means that an amount of SEK 24,385,000 in long-term liabilities and an