Equinor

Equinor is a Norway-based integrated energy company involved in the exploration, development, and production of oil and gas, with active operations in wind and solar power and a broad global footprint that includes refining, processing, and trading. The company pursues the energy transition through its corporate venture activities, supporting startups and growth-stage companies that develop technologies across energy, information technology, climate tech, and infrastructure. Through Equinor Ventures and Equinor Energy Ventures, it seeks to invest in and partner with innovative firms to accelerate renewable energy deployment, efficiency, and storage, typically taking minority positions and pursuing co-investments to complement its core oil and gas businesses.

Samuel Byrne

Vice President Operations, Renewables Americas

Sophie Hildebrand

SVP Research and Technology and CTO

Kjersti Reinsnos

Managing Director

Past deals in Norway

eSmart Systems

Venture Round in 2024
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.

eSmart Systems

Series B in 2022
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.

Data Gumbo

Series C in 2022
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Data Gumbo

Series B in 2021
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Data Gumbo

Series B in 2020
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Earth Science Analytics

Series B in 2020
Earth Science Analytics AS is a Norwegian company specializing in cloud-based software solutions for the petroleum geosciences market. Founded in 2012 and headquartered in Stavanger, it offers a range of geoscience-driven software products designed to enhance exploration success in complex geological environments. The company's primary platform, EarthNET, is a web-based, geospatial-oriented software as a service (SaaS) that utilizes artificial intelligence to predict rock and fluid properties in the subsurface. Additional offerings include EarthBANK, a geo-data management platform; EarthGRAPH, a data visualization tool; and EarthINSIGHT, a decision support tool. Through machine learning workflows, Earth Science Analytics aims to deliver high-quality, data-driven predictions to clients in the exploration and production sector, improving efficiency, precision, and cost-effectiveness compared to traditional methods.

eSmart Systems

Venture Round in 2019
Founded in 2012, eSmart Systems develops AI-driven software solutions for the energy industry. Its cloud-born platform collects and analyzes vast data quantities from sensors in real-time, enabling optimized energy decisions, resource savings, and predictive maintenance. The company offers tailored solutions for utilities and applications for consumers, with a focus on global markets.

Data Gumbo

Series A in 2019
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Scatec ASA

Post in 2018
Scatec ASA is an integrated independent solar power producer based in Oslo, Norway. Founded in 2007, the company specializes in the design, development, financing, engineering, procurement, construction management, ownership, operation, and maintenance of solar photovoltaic power plants. Scatec operates through three segments: Power Production, Services, and Development and Construction. With a portfolio of 1.9 GW in operation and under construction, Scatec's projects are located in various countries, including Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa, and Ukraine. The company aims to deliver affordable and sustainable clean energy solutions globally. Scatec changed its name from Scatec Solar ASA in November 2020 to reflect its broader focus and capabilities in the renewable energy sector.

ScoutDI

Venture Round in 2018
Scout Drone Inspection AS, based in Trondheim, Norway, specializes in designing and developing advanced drones and cloud-based data analytics tools for indoor inspections, particularly in confined spaces. Founded in 2017, the company has created the Scout 137 drone, which facilitates the inspection of indoor industrial assets without the need for scaffolding or climbing, thus reducing costs and enhancing safety. The drones are equipped with indoor collision avoidance technology and planned navigation routes, allowing for autonomous operation. Through the Scout Portal, users can monitor inspections in real-time, accurately location-tag findings within a 3D asset model, and generate comprehensive reports. ScoutDI serves a diverse clientele across all continents, addressing the challenges of manual visual inspections while improving efficiency and safety in industrial settings.

Numascale

Series B in 2012
Numascale AS is a technology company based in Oslo, Norway, founded in 2008, that specializes in computer system interconnect technology for enterprise servers. The company develops solutions that facilitate scalable in-memory computing, enabling vendors to create big data analytics appliances tailored to specific performance requirements. Numascale's offerings include the NumaQ terascale in-memory analytics appliance, which efficiently handles data analytics workloads, and the NumaQ R Appliance, designed for statistical computing with R. Additionally, it provides MonetDB, a column-store database integrated with R, enhancing database-centric analytics capabilities. The company's innovative modular chip microarchitecture features on-chip memory transaction engines and a shared memory architecture, streamlining the design process for system vendors by eliminating the need for external interconnect fabric switches. Numascale operates as a subsidiary of Dolphin Group ASA.
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