CorPower reports milestones, Blykalla applies for a reactor park and Voi's valuation is raised.
- CorPower Ocean reports 77% revenue growth and is aiming for the world's largest wave power park
- Blykalla submits Sweden's first commercial application for an advanced nuclear reactor park
- Voi is considered undervalued by almost 40%, according to analysts
- Instabee broadens its logistics network with Sellpy and Akademibokhandeln
- Virtune celebrates three years on Nasdaq with 320 MUSD under management
- Storsala receives a land allocation in Gothenburg — its first development in the city
CorPower Ocean — Annual report 2025 and DI interview with the founder
CorPower Ocean has published its annual report for 2025, and founder Patrik Möller has been interviewed in the Swedish business daily Dagens industri about the company's plans for the future.
| Key figures | 2025 | 2024 | Change |
|---|---|---|---|
| Net sales | 3.6 MSEK | 2.0 MSEK | +77% |
| Profit after financial items | -25.4 MSEK | -79.7 MSEK | +68% |
| Total assets | 561.4 MSEK | 588.4 MSEK | -5% |
| Equity ratio | 89.6% | 82.1% | +7.5 pp |
| Series B round | 53 MEUR | ||
| Total EU support | 70 MEUR | ||
| Employees | 110 |
The company's first commercial-scale wave energy converter, C4, is in operation at Aguçadoura in Portugal. Within 2.5 years, 45 buoys are planned in what would become the world's largest wave power park. Work on the fifth-generation buoy, which halves the manufacturing cost, begins this summer. CorPower is valued at SEK 1.2 billion after its latest capital raise, and according to Möller a stock exchange listing could become relevant from 2029.
Since the end of the financial year, the company has received further capital from Algebris Investments (30 MSEK) and the European Innovation Council (14 MEUR).
Source: CorPower Ocean's annual report 2025, Dagens industri.
Blykalla — First commercial application for a nuclear reactor park
Blykalla has submitted Sweden's first commercial application to build an advanced nuclear reactor park. The facility is planned in Norrsundet, two hours north of Stockholm, and comprises six lead-cooled modular reactors with a total capacity of 330 MW.
The choice of site is justified by its strategic location between electricity price areas SE2 and SE3, an existing port and industrial infrastructure. The application involves an extensive approval process including the Land and Environment Court (Mark- och miljödomstolen), the Swedish Radiation Safety Authority (Strålsäkerhetsmyndigheten) and Gävle Municipality.
Source: Blykalla's press release.
Voi — Considered undervalued by analysts
Pareto's head of research Georg Attling considers VNV Global's current valuation of Voi, ~4.7 MDSEK, to be conservative and that it should be almost 40 per cent higher — equivalent to ~6.5 MDSEK. Voi had revenue of 178 MEUR (~1.9 MDSEK) in 2025, with a positive adjusted EBIT of 3.2 MEUR.
US competitor Lime has applied for a stock exchange listing in the USA with a potential valuation of ~19 MDSEK. Per Brilioth, CEO of VNV Global and Voi's largest owner, has said that a listing of Voi could take place before summer 2027.
Source: Dagens industri.
Instabee — Two new partnerships strengthen the logistics network
Instabee Group has this week launched two new collaborations that broaden the use of the company's parcel locker network of more than 350,000 compartments.
Sellpy is integrating Instabox as a delivery option in its Swedish checkout, with a focus on simplifying logistics for circular consumption. During launch week, Instabox is the cheapest shipping option at Sellpy's checkout.
Akademibokhandeln now offers Instabox as a delivery option. The integration builds on Instabee's machine learning solution, which optimises the packing and placement of shipments in real time.
Source: Instabee Group's press releases.
Virtune — Three years on Nasdaq
Virtune is marking three years since the listing of its first crypto ETP on Nasdaq Stockholm. The company today manages ~320 MUSD, has more than 160,000 investors and 23 physically backed crypto ETPs listed in six European countries. So far in 2026, Virtune has accounted for ~93 per cent of the trading volume in crypto ETNs on Nasdaq Nordic. Its first profitable full year was achieved in 2025.
Source: Virtune's press release.
Storsala — First development in Gothenburg
Storsala has been granted a land allocation in Utby, Gothenburg — the company's first development in the city.
| The project in brief | Detail |
|---|---|
| Houses | 11 |
| Apartments (with commercial premises) | ~90 |
| GFA, apartment buildings | ~7,600 sq m |
| GFA, houses | ~1,700 sq m |
| Tenure | Rental |
The homes are planned in a block structure inspired by the principles of the garden city, with sustainability targets in line with Miljöbyggnad Gold (a Swedish building certification). The detailed development plan gained legal force in 2025, and Storsala is now working on the design ahead of the start of construction. The area is seven kilometres east of central Gothenburg.
Source: Storsala's press release.
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