Nordic Electrofuel AS

What started about a year ago at the World Economic Forum in Davos can now officially be announced: We are honoured that the Royal Commission for Jubail and Yanbu selected Nordic Electrofuel as its partner for E-SAF production in Jubail!
On Dec 3rd, 2024, Nordic Electrofuel, Jump and RCJY (Royal Commission of Jubail and Yanbu) signed a Memorandum of Understanding (MoU) marking a significant milestone in the development of sustainable aviation fuel. This collaboration will establish a large-scale plant in Jubail dedicated to producing synthetic aviation e-fuel by utilizing captured CO2 and green hydrogen, paving the way for innovative solutions in clean energy. 
This monumental step was accomplished under the auspices of the prestigious UNESCO Institute for Lifelong Learning event, reflecting a commitment to global sustainability goals and positioning Jubail as a hub for groundbreaking advancements in green technologies.

This plant in Jubail will be in addition to our already planned projects in Norway. 

See the full press release here: 20241210-Press-Release-final.pdf
 

Nordic Electrofuel is proud to announce that it has been selected as a member of the EIC Scaling Club, a curated community uniting the most promising European deep-tech scale-ups. By joining the Scaling Club, Nordic Electrofuel becomes part of a dynamic ecosystem aimed at growing companies with the potential to address societal needs and solve major global challenges. EIC Scaling Club is an EIC-funded initiative established to connect the region's best and mostpromising deep-tech scaleups with investors, corporate innovators, and other industry stakeholders to spur companies' growth, including that of Nordic Electrofuel. 

"Joining the EIC Scaling Club is a pivotal step in our journey towards global expansion and innovation leadership. The Club offers unique access to a powerful network of deeptech-focused investors, strategic partners, and mentors—resources that are essential to accelerate our growth in the aviation and energy sectors. Through this partnership, we aim to strengthen relationships within these industries, attract strategic investments, and gain actionable insights that will drive our mission forward. It’s an exciting opportunity to showcase our milestones, elevate our brand visibility, and position us as a key player and frontrunner in the sustainable fuel revolution. With the Club’s support, we look forward to scaling our technology and expanding our production footprint across Europe and beyond."

Aina Hegrestad, CFO, Nordic Electrofuel 

The public announcement was made during the Scale 100 Forum, which took place from October 21 to 22 in Athens, Greece. The Scale 100 Forum was the second event organized by the EIC Scaling Club, where stakeholders, including Europe's most active VCs and corporates, top EIC representatives, visionary mentors and industry experts, EU policymakers, and the selected companies, had the chance to meet and network. 

"Our EIC Scaling Club proudly supports a diverse group of 120 companies, actively operating across ten prominent deep tech markets, which have collectively raised over €3.4 billion to date. With the backing of more than 400 dedicated club members, these companies are well-positioned to address key global challenges within their respective industries, and I have no doubt they will continue to grow and realise their full potential."

Teresa Cunha, Lead at EIC Scaling Club

Link to press release: 20241028-Press-Release-NELF-on-joining-EIC.pdf