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    Signature(s)

    Amount
    € 15,000,000
    Countries
    Sector(s)
    Sweden : € 15,000,000
    Industry : € 15,000,000
    Signature date(s)
    26/11/2018 : € 7,500,000
    26/11/2018 : € 7,500,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    17 September 2018
    Status
    Reference
    Approved | 27/09/2018
    20180176
    Project name
    Promoter - financial intermediary
    ORBITAL (EGFF)
    ORBITAL SYSTEMS AB
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 15 million
    EUR 36 million
    Location
    Sector(s)
    Description
    Objectives

    Orbital is a Swedish company founded in 2012 that has developed a water recycling technology for domestic applications which offers important water and energy savings. The proposed investment programme includes investments in RDI (Research, Development and Innovation), some R&D (Research and Development) capital expenditure (capex) to empower the company's R&D and testing capabilities as well as investments to support the company's commercial expansion primarily in the European Union. The investments will be carried out in the period between 2018 and 2020.

    Orbital is an innovative early stage company which plans to scale its activity by reaching new clients, broadening its product portfolio and licensing its technology. To achieve these objectives, the company needs to invest in expanding its technology know-how, further industrialising and commercialising its products, enabling the scale-up in production and building up physical working capital.

    Environmental aspects
    Procurement

    The project activities do not fall under the Annexes I or II of the EU Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU. The project will be carried out in existing facilities, already authorised, that will not change their scope due to the project. As such, the project activities are not subject to a mandatory Environmental Impact Assessment.

    The promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, thus not being subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the promoter are suitable for the project.

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ORBITAL (EGFF)
    Publication Date
    22 Nov 2022
    Document language
    Main Topic
    Lending
    Document Number
    85122802
    Document Focus
    Environmental Information
    Project Number
    20180176
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ORBITAL (EGFF)
    Publication Date
    21 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    164831180
    Document Focus
    Environmental Information
    Project Number
    20180176
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - EUROPEAN GROWTH FINANCE FACILITY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122912044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180667
    Last update
    19 Aug 2020
    Sector(s)
    Services
    Countries
    Bulgaria, Kenya, Ghana, Mexico, Philippines
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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