FARUM, Denmark, Dec. 19, 2024 — Novo Holdings and SUBRA have formed a partnership to rapidly advance innovative superconductor technology. This is supported by a convertible loan from Novo Holdings to the Danish deep-tech company SUBRA.
The global energy transition presents a significant challenge. Meeting climate goals requires innovative solutions to modernize energy systems and enable sustainable power generation.
Superconductors offer a transformative potential for our energy systems. They promise zero-resistance power cables and fusion reactors, improving energy efficiency, facilitating renewable energy integration, and advancing technologies like fusion energy. The SUBRA-Novo Holdings collaboration aims to accelerate SUBRA’s development and prepare it for growth to significantly contribute to the green transition.
Current superconductors face challenges in scalability and cost-effective production. SUBRA’s technology offers a novel approach to high-temperature superconductors. By transitioning from flat tape technology to bundled wires (SUBRACABLE), it addresses limitations of traditional copper cables and existing flat tape superconductors. This allows for the production of superconductors scalable to considerable lengths, with enhanced thermal robustness, mechanical flexibility, and high current capacity.
Anders C. Wulff, CEO, SUBRA, stated: “This collaboration is crucial for achieving our shared vision of a sustainable future. Accelerated superconductor development is key to efficient energy transmission and powerful magnets for fusion reactors. Partnering with Novo Holdings is vital for our growth and Series A financing in 2025.”
Marcus Remmers, Partner, Planetary Health Investments, Novo Holdings, commented: “We are pleased to partner with SUBRA. Novo Holdings’ commitment to planetary health aligns with SUBRA’s strategy for the green transition, creating opportunities for synergy and innovation. We anticipate a long-term partnership, contributing to SUBRA’s growth and success. Together, we can build a more sustainable future.”
About SUBRA A/S
SUBRA is a deep-tech company specializing in superconductivity. With over 15 years of superconductor R&D experience, this spin-off from the Technical University of Denmark (DTU) aims to revolutionize electricity transmission. As an impact-driven company, SUBRA is dedicated to sustainability and climate solutions. All SUBRA technologies contribute to this goal.
SUBRA leverages its expertise in superconductivity and surface technology to bridge research, innovative production, and engineering, enabling cost-effective, large-scale superconductor manufacturing. SUBRA seeks to be a sector leader, providing solutions for expanding European energy grids and facilitating the creation of more robust and cost-effective fusion reactor magnets.
About Novo Holdings A/S
Novo Holdings manages the assets of the Novo Nordisk Foundation. Its purpose is to improve health and societal and planetary sustainability by generating strong long-term returns. Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the majority shareholder of Novo Nordisk A/S and Novonesis A/S (Novozymes A/S) and manages a diversified investment portfolio. Besides equities, bonds, real estate, infrastructure, and private equity, Novo Holdings is a major life sciences investor. Through its various investment teams, it invests in life science companies at all stages. As of 2023, Novo Holdings had total assets of EUR 149 billion.