Press release -
Kvasir Technologies Announced as Finalist in Prestigious New Energy Challenge
Kvasir Technologies: Selected as Finalist in New Energy Challenge, Accelerating Renewable Energy Innovation.
Copenhagen, August 1, 2023 - Kvasir Technologies is proud to announce its selection as one of the top 10 finalists in the esteemed New Energy Challenge. This highly competitive event, focusing on startups and scaleups in the renewable energy sector, aims to drive the development of groundbreaking solutions to help tackle the global climate and energy crisis.
The New Energy Challenge (#NEC23), founded and organized by Rockstart, Shell, Unknown Group, and YES!Delft has gained a reputation as a platform that propels promising ventures towards success. Kvasir Technologies has secured its place among the selected few, showcasing its commitment to revolutionizing the renewable energy landscape.
"Our innovative biofuel technology has earned us a place among the finalists, highlighting our dedication to revolutionizing future biofuels. We are honored to be selected as a finalist in the New Energy Challenge, and this recognition speaks to the skills and dedication of our team," says Joachim Bachmann Nielsen, CEO and Co-founder of Kvasir Technologies.
Kvasir Technologies' mission is to push the boundaries of innovation and drive the adoption of sustainable fuels in hard-to-abate sectors with their biofuel technology.
"Acknowledging the vital role accelerator programs play in promoting sustainability and shaping the future of the energy sector, we are grateful for the opportunity to participate in this remarkable initiative and to see where this recognition takes us," Joachim adds.
Such platforms provide cutting-edge innovators with the space to develop emerging technologies that will lead to a greener, more sustainable future for all.
"With our participation in the program, we look forward to enhancing our expertise and collaborating with industry leaders, forging valuable partnerships, and exchanging knowledge to further our mission. Beyond our core team, we also extend heartfelt appreciation to our investors, partners, and supporters, whose unwavering support has made our journey this far possible," Joachim concludes.
About Kvasir Technologies: Kvasir Technologies is a Denmark-based bio-tech company committed to pushing the boundaries of innovation in sustainable energy. They specialize in creating biofuel from biomass waste, addressing the pressing need for renewable and eco-friendly fuel solutions. With a dedicated team of experts and a passion for environmental sustainability, Kvasir Technologies strives to transform the energy sector and contribute to a greener and better world.
Kvasir Technologies is a Danish company that has developed a game-changing technology to produce climate friendly fuel for hard to abate industries. Kvasir converts non-edible waste-based biomass into a 1:1 substitute for fossil fuel in a simple, sustainable, and scalable way. We offer a CO2 neutral drop-in biofuel with no switching costs or added storage cost. Our solution bolts on to the current marine fuel supply chain. This allows for full flexibility in terms of handling both existing fossil fuels and green biofuel interchangeably in a seamless transition towards complete decarbonization. Founded in 2018 by Joachim B. Nielsen and Anders B. Kristoffersen, Kvasir is a spin-out from the Technical University of Denmark. The company runs pilot activities in Denmark and in the US and plans to build its first demo plant in Fredericia, Denmark.