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Novo Holdings and SUBRA Join Forces for a Greener Future

In a significant move towards sustainable energy solutions, Novo Holdings and SUBRA have announced a partnership aimed at propelling the advancement of innovative superconductor technology. This collaboration is anchored by a convertible loan from Novo Holdings, emphasizing their commitment to supporting SUBRA’s deep-tech initiatives in Denmark.

The Urgency of Energy Transition

As the world grapples with the imperative to lower carbon emissions and achieve ambitious climate objectives, the demand for transformative technologies in energy systems has never been greater. Superconductors promise a revolution in the energy landscape, offering pathways to create zero-resistance power cables and enhance fusion reactor capabilities. The partnership between Novo Holdings and SUBRA is strategically designed to position SUBRA to play a vital role in the global green transition.

Overcoming Challenges in Superconductor Technology

Despite the immense potential of superconductors, the industry faces formidable hurdles, particularly concerning scalability and cost-effective production methods. However, SUBRA is pioneering a novel approach to high-temperature superconductors through its unique SUBRACABLE innovation. This technology shifts from traditional flat tape superconductors to bundled wires. As a result, it not only enhances scalability but also offers superior characteristics such as thermal endurance, mechanical flexibility, and a high current capacity.

Anders C. Wulff, CEO of SUBRA, emphasized the significance of this partnership, stating, "This partnership is an immensely important step towards ensuring a strong and long-term strategic path for realizing our shared vision of a greener tomorrow. Accelerated development of superconductors plays a key role in this vision, enabling more efficient energy transmission and extremely powerful magnets for fusion reactors."

The Vision for a Sustainable Future

The collaboration aligns with Novo Holdings’ commitment to planetary health and SUBRA’s mission as an impact-driven organization. Marcus Remmers, a partner at Planetary Health Investments at Novo Holdings, remarked on the synergy created through this partnership, saying, "We are very pleased to partner with SUBRA, as we believe that Novo Holdings' commitment aligns well with SUBRA's impact-driven strategy for advancing the green transition."

This partnership paves the way for SUBRA to secure Series A financing in 2025, strengthening its position in the market and further advancing the development of superconductors essential for an efficient energy grid and fusion energy.

About SUBRA A/S

Founded as a spin-off from the Technical University of Denmark (DTU), SUBRA has more than 15 years of experience in superconductor research and development. The company is dedicated to transforming electricity transport through its pioneering technologies, emphasizing sustainability as a core philosophy. With ambitions to provide innovative solutions for constructing a robust, pan-European energy grid, SUBRA is committed to low-cost manufacturing and engineering breakthroughs to ensure scalable production of superconductors.

About Novo Holdings A/S

Novo Holdings, managing the wealth of the Novo Nordisk Foundation, is an investment company focused on generating long-term returns while also improving public health and societal sustainability. With a diverse investment portfolio including equities, bonds, and life sciences, Novo Holdings is a prominent player in the global market aimed at fostering lasting positive impact through its initiatives, including this crucial partnership with SUBRA.

Together, Novo Holdings and SUBRA are set to redefine the future of energy solutions, generate significant synergies in technology advancement, and contribute meaningfully to a sustainable and resilient global energy framework.