About
Founded in 2020, Modvion is a private headquartered in Gothenburg, Sweden with approximately 50-200 employees specializing in Wind.
Modvion is a Swedish renewable energy company specializing in the design and manufacture of modular wooden wind turbine towers made from laminated veneer lumber (LVL). The towers are constructed from sustainably sourced Scandinavian spruce certified to FSC or PEFC standards. Key innovations include: (1) higher strength-to-weight ratio compared to steel, enabling taller towers without additional reinforcement; (2) patented modular transport solution using standard trucks on ordinary roads; (3) carbon-negative lifecycle with towers storing more carbon than emitted during production, transport, and installation; (4) approximately 30% reduction in lifecycle emissions per kWh compared to steel towers; (5) potential reuse of tower material as high-strength beams for building industry post-decommissioning. The company has secured 39.1 million EUR in EU Innovation Fund grants to scale production. Strategic partnerships include Vestas (investor, 2021), Enel Green Power, and Vattenfall. Production target: 1,000 towers per year.
Headquarters
Gothenburg, Sweden
Founded
2020
Employees
50-200
Company Type
Private
Business Models
Value Chain
Industry Memberships
Swedish-German Accelerator Programme 2026
Products
Modular Wooden Wind Turbine Towers
Certifications & Awards
Certifications
FSC Certification
PEFC Certification
Awards
European Commission Recognition
Wind of Change Project - Exceptional Results