Big Akwa AB (publ.) Secures €1 Million Grant to Support Detailed Engineering phase
The Swedish food tech company, Big Akwa AB (publ), has been granted SEK 11 million (approx. €1 million) in regional business support to finance the planning and engineering phase of a 6,000-ton land-based trout farming facility at Alby Industrial Park in Ånge Municipality. The support covers 50 percent of the total investment for this phase, which amounts to SEK 22 million (approx. €2 million), and is provided within the framework of the HAV programme – Sustainable Business Development Västernorrland.
The funding will facilitate the continuance of detailed planning, technical design and other essential preparatory studies for the establishment of a land-based aquaculture facility with a planned annual production capacity of up to 6,000 tons of rainbow trout.
The initiative represents a significant milestone in Big Akwa’s development and strengthens Västernorrland’s position within sustainable and resource-efficient food production. The support is granted by Region Västernorrland and forms part of the region’s efforts to promote sustainable business development, industrial innovation and long-term value creation.
“We are proud to develop the Big Akwa project in the region Västernorrland and to work closely with regional stakeholders. The support reflects a shared ambition to create long-term jobs, advance clean and efficient food production, and strengthen Sweden’s and Europe’s food security and self-sufficiency”
— Elena Petukhovskaya, CEO and co-founder, Big Akwa
“The support from Region Västernorrland confirms the importance of long-term investments in sustainable food production. It is a clear validation of the relevance of future food supply and environmentally adapted solutions in an industrial context.”
— Hugo Wikström, VP and co-founder, Big Akwa
For more information please contact
CEO: Elena Petukhovskaya
+46768432204
elena@bigakwa.com
About Big Akwa
Big Akwa is a Swedish food-tech company revolutionizing land-based aquaculture through industrial symbiosis. The company develops circular aquaculture projects by utilizing waste streams from fish farming and nearby industries. The focus is on locally produced, fairly priced, and sustainable fish — an innovative concept that benefits both people and the planet. The first project is planned at Alby Industrial Park in Ånge Municipality, Sweden, and is currently in the pre-construction phase.
This land-based rainbow trout farm, co-located with a hydrogen plant, has secured its 25-year operational and water permits to produce 6,000 tons annually as of 2025. Production is expected to begin in 2028 with full capacity reached by 2029, significantly increasing the contribution to sustainable and efficient food production for Sweden and the EU.
