Electrolux Group, a global leader in household appliances, has received a major loan of 200 million euros (US$206 million) from the European Investment Bank (EIB).
These funds are intended for research and development focusing on energy efficiency in various European countries, including Italy, Sweden, Germany, Poland and Romania.
With this funding, Electrolux will place a strong focus on developing technologies that are both greener and more digitally advanced than current products.
The funds are specifically aimed at reducing both energy consumption and resource use in Electrolux's products.
Until 2026, primary research and development activities are expected to take place in Pordenone, Italy, a key operational center for Electrolux.
Such progress is closely aligned with the European Union's ambitious goals to improve environmental sustainability and advance digital transformation.