Core Insights - Statkraft has reached an agreement with former employees of Silva Green Fuel to continue testing biofuel production technology at Tofte, aligning with its strategy of prioritizing profitable growth in established technologies [1][2] - The new company, Silva Biofuel AS, will take over the technological expertise and demonstration facility, with Joakim Sværen appointed as CEO [2][4] - The agreement is seen as a significant milestone for advancing HTL technology, which is gaining international attention for its potential in emissions reductions [4] Company Strategy - Statkraft is focusing on profitable growth within core markets, specifically in hydropower, solar, wind, and battery solutions, while reducing the number of technologies in its portfolio [1] - The company has been actively seeking new ownership for Silva Green Fuel as part of its strategic initiatives [1] Technological Development - The technology being developed through Silva Green Fuel is aimed at producing advanced biofuels, which are expected to contribute to significant emissions reductions in the future [2] - The accumulated expertise and demonstration facility will be crucial for the new company, Silva Biofuel AS, to further mature the technology and attract investors for commercial plants [4] Leadership and Future Plans - Joakim Sværen, the new CEO of Silva Biofuel AS, emphasizes the ambition to realize commercial plants in the coming years, inviting investors to participate in the technology's development [4] - Henrik Sætness from Statkraft acknowledges the efforts of the Tofte team in developing the technology and expresses satisfaction with the agreement that allows former employees to continue their work [3]