Innovative energy solutions
MAGNUS ASSOCIATES OY IS A FINNISH SERVICE GROUP THAT FOCUSES ON INDUSTRIAL CIRCULAR ECONOMY AND ENERGY SOLUTIONS.
The company develops innovative and scalable solutions for industrial needs that promote responsibility, improve financial competitiveness and strengthen security of supply. Its operations are based on open innovation, sustainable development models and a decentralised investment policy.
The company brings together operators in the value-added chain, technology and energy suppliers and financiers to work together in order to implement innovations. In addition, the company supports municipalities and regions in the development of their industrial policy, which improves the attractiveness of the regions and helps to meet the requirements of sustainable development.
Founded in 2019, the company is involved in pioneering projects to develop the recycling of problem plastics, create solutions for the production of aviation and marine fuels from waste and enable the use of small nuclear power plants in industrial process energy production and industrial process development.
In South Karelia, the company focuses on the development of industrial applications for small nuclear power plants and small nuclear power plant business with the aim of achieving global leadership in the field. To this end, the parent company Magnus Associates Oy has established a separate company, Industrial Power Units IPU Oy, in Skinnarila, on the campus of LUT University. Its purpose is, among other things, to implement nuclear units based on high-temperature technology in the region together with its international partners. IPU is an enabler of new businesses for companies in South Karelia. The strategy of IPU creates positive impacts for the municipalities and region.
