Novo Holdings makes €40m bet on superconductors for fusion energy, power grids

Anders C. Wulff, CEO, Subra (left) and Anders Spohr, managing partner, Planetary Health Investments. Credit: Subra/Novo Holdings
10 apr. 2026
11:35
Anders C. Wulff, CEO, Subra (left) and Anders Spohr, managing partner, Planetary Health Investments. Credit: Subra/Novo Holdings
Novo Holdings, one of the most active investors in European climate and deep tech, has led a €40m Series A in Subra, as venture capital investment in European fusion energy hits record highs.

Novo Holdings is leading a €40m Series A in Subra, a Danish deep-tech company building superconducting cable technology for fusion energy and next-generation power grids.

Co-investors include Danish asset manager Maj Invest and SPRIND, Germany's federal innovation agency.

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