Kyoto receives final approval from Nefco - The Nordic Green Bank
Oslo, Norway 29 June 2023 - Kyoto Group is pleased to announce that it has received final board approval of debt financing from Nefco, an international financial institution owned by the five Nordic countries, to support the scaling up of its thermal energy storage offering, Heatcube.The final approval follows the approval in principle announced by Kyoto on 4 May 2023 and means that Nefco can provide debt financing of EUR 4 million to support Kyoto's growth. “The final approval from Nefco means that the third step on our announced funding pathway is taken. The first was the private