European Spallation Source

European Spallation Source: Bridging the innovation gap

Together with other research facilities in southern Sweden, the European Spallation Source (ESS) will form one of the largest science hubs in Europe, equal in size and relevance to CERN and ESO. Upon completion in 2023, ESS will offer new research opportunities in the fields of life sciences, energy, environmental technology and chemical products for up to 3,000 researchers in the Nordic–Baltic region and beyond.

“Our universities educate scientists who produce high-impact research but fail at relating academic work to industrial competitiveness. This silo thinking has to be addressed, and I hope ESS can be part of the change”, says ESS Director John Womersley.



Smart metering


Smart meters to stave off overload and fuse Nordic power retail

Smart grids will help cut power consumption by up to 3%, a recent research reports. In the longer run, smart meters will switch off your floors to stave off power overload. "This would save a great deal in network investments", says NIB’s analyst Magnus Andersson. Meters will also collect consumption data the Nordic power retail markets need to finally tear down the national borders.

Vilnius western bypass


Vilnius launches western bypass

The bypass is a key component in the city's road infrastructure. “The main idea with the new bypass is to reduce the transit traffic through the city centre, cut travel time and improve the quality of commuting”, says Linas Bartusevičius, the head of the municipality’s infrastructure division.



Funding Highlights


Funding highlights

Monthly updated coverage of NIB's funding operations: funding targets, reports on transactions and graphs.

See also:

Funding transactions



Agnieszka Karas


Polish wind energy: from leap to stall?

Still in its infancy, wind power has expanded tenfold in recent years in Poland. Agnieszka Karaś, Senior Environmental Consultant with ERM Polska says that the future advancement of wind generation capacity in the country will not only depend on wind speeds but also on restrictions set by law.


Agreed Loans

23 Dec 2016 Sparbanken Skåne  EUR 52 million Sweden
22 Dec 2016 Nord-Trøndelag Elektrisitetsverk Holding AS  EUR 28 million Norway
21 Dec 2016 City of Luleå EUR 52 million Sweden
20 Dec 2016 Sparebanken Møre EUR 55 million Norway
16 Dec 2016 AS Tallinna Lennujaam EUR 24 million Estonia
1 Dec 2016 Lahti Energia Oy EUR 75 million Finland




Annual report 2016 online in March

NIB will publish its Annual Report for 2016 on 15 March. Visit


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