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St1 founder Mika Anttonen: From fossil fuel fortune to investing hundreds of millions in renewable energy solutions

By

Juha-Matti Mäntylä

1mo ago· 7 min readfiNews
technologybusinessenergyclimate

Summary

Mika Anttonen, founder and majority owner of fuel company St1 who built a billion-euro fortune selling fossil fuels, has since invested hundreds of millions into renewable energy solutions including solar, wind, biodiesel, green hydrogen for aviation fuel, and fusion reactor development. The article explores his paradoxical journey from fossil fuel magnate to clean energy investor, highlighting his view that current climate targets are impossible but necessary to pursue. Additional context notes that St1, ABB, Fortum, and the Walter Ahlström Foundation are donating 9 million euros to Aalto University for four new professorships.

Source

bskySt1 founder Mika Anttonen: From fossil fuel fortune to investing hundreds of millions in renewable energy solutionsyle.fi

Key quotes

· 2 pulled
Olemme laittaneet satoja miljoonia uusien skaalautuvien energiavaihtoehtojen etsimiseen. Todellakin tiedämme mistä puhumme, kun sanomme
Ilmastotavoitteet ovat mahdottomia, mutta tästä ongelmasta ei oikeastaan kukaan uskalla...
Snippet from the RSS feed
St1, ABB, Fortum sekä Walter Ahlströmin säätiö lahjoittavat 9 miljoonaa Aalto-yliopistolle neljään uuteen professuuriin.

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