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About Modvion
Company Overview
Modvion
Gothenburg, Sweden
2016
Approximately 40 employees (source: linkedin.com). Modvion raised SEK 139 million (approximately €12.5 million) in a funding round in 2024 (source: modvion.com).
What They Do
Modvion specializes in the manufacturing of wind turbine towers using engineered wood, particularly laminated veneer lumber (LVL). This innovative approach addresses a critical structural challenge in wind power by creating taller and more efficient towers from sustainable materials. The company's patented modular tower technology represents a significant redesign of conventional wind turbine construction, which typically relies on steel and concrete—materials known for their high carbon footprints. Modvion's towers, made from PEFC-certified birch and spruce plywood, are not only 53% stronger than steel counterparts but also reduce tower weight by up to 30% (source: modvion.com). This focus on sustainability and efficiency positions Modvion uniquely within the renewable energy sector.
Projects & Track Record
Modvion's flagship project, the "Wind of Change" tower, was installed for Varberg Energi in Skara municipality and is recognized as the world's tallest wooden wind turbine tower. This 105-meter structure was erected in 2023 and supports a 2-megawatt turbine manufactured by Vestas, reaching a total height of 150 meters when including the blades. This project marks a pivotal transition from prototype to commercial-scale production, showcasing the viability of Modvion's technology in real-world conditions (source: modvion.com). Additionally, partnerships with major energy companies such as RWE Renewables and Enel Green Power highlight Modvion's strategic positioning within the renewable energy market.
Recent Developments
In July 2024, CMPC Ventures invested 2 million euros in Modvion, reinforcing its strategic partnership aimed at supporting global expansion and the development of a European manufacturing facility. The sale and commissioning of the Wind of Change tower to Varberg Energi in February 2024 marked a significant operational milestone for Modvion, with an official inauguration attended by key industry leaders. These developments underscore Modvion's growing influence and validation within the renewable energy sector (source: modvion.com). The ongoing collaborations with RWE, Enel Green Power, and Vattenfall further position Modvion as a key player in the transition to sustainable energy solutions.
Working There
Modvion operates with a lean structure, employing approximately 40 individuals as of 2024. The company focuses on engineering and manufacturing roles, with a strong emphasis on sustainability and innovation. The leadership team, including CEO Maria-Lina Hedlund, brings extensive experience from major industry players, indicating a commitment to scaling operations effectively. The company culture values both technical expertise and entrepreneurial ambition, fostering an environment where innovative ideas can thrive. Primary employment is based in Gothenburg, with plans for future expansion potentially creating additional opportunities across Europe (source: linkedin.com).
Last updated Feb 23, 2026 · Report an issue