44.01 is a company focused on the permanent removal of carbon dioxide from the atmosphere through a process of mineralization in peridotite, a rock known for its natural ability to absorb CO2. By leveraging technology to enhance the weathering process, 44.01 converts captured carbon dioxide into solid rock, offering a safe, efficient, and lasting solution for carbon management. The company's services are designed to assist various industries in their efforts to eliminate carbon emissions, thereby contributing to environmental sustainability and climate change mitigation.
Flocean specializes in providing subsea desalination solutions, delivering clean drinking water to communities, farmers, and industries. The company's innovative, modular, and scalable system employs proven subsea Seawater Reverse Osmosis technology to produce freshwater from the deep sea, tailoring solutions to clients' unique requirements.
eSmart Systems
Venture Round in 2024
eSmart Systems AS, founded in 2012 and headquartered in Halden, Norway, specializes in developing smart grid software solutions for the energy industry and service providers. The company leverages over two decades of international experience in IT and energy-related sectors, providing a cloud-born platform designed to manage the Internet of Things, Big Data, and real-time analytics. Its operational intelligence software aims to enhance energy savings, optimize investments, and reduce carbon footprints through data-driven decisions. The eSmart System Platform collects data from a variety of sources, including sensors and automation systems, while its product suite includes solutions for connected grids, production, buildings, and vehicle applications. The company also tailors applications for utilities, consumers, and professionals, supporting innovation and business development. With nearly 80 employees and additional offices in locations such as Palo Alto, California, eSmart Systems is recognized for its advanced predictive and optimization models that transform vast data quantities into actionable insights for energy grid operators.
Maritime Robotics
Venture Round in 2024
Maritime Robotics AS is a prominent developer of unmanned surface vehicle systems designed for diverse maritime operations, particularly in challenging environments. The company collaborates closely with civilian, governmental, and military partners to create innovative solutions that enhance efficiency and safety while minimizing health, safety, and environmental risks. Their technology enables unmanned data acquisition both above water and below the surface, catering to applications such as bathymetric surveys, ocean monitoring, and surveillance. Headquartered in Trondheim, Norway, Maritime Robotics boasts a skilled team of engineers and a global network of clients and partners. The company's commitment to advancing maritime operations through autonomous technology positions it as a leader in the industry, continually expanding the possibilities for unmanned marine activities.
Spoor is a company focused on addressing the challenges of biodiversity monitoring in the context of environmental sustainability. Recognizing the critical need for effective solutions to monitor biodiversity, particularly in relation to wind energy infrastructure, Spoor has developed an AI-powered platform designed to detect, track, and classify birds in wind farms. Utilizing existing infrastructure and off-the-shelf hardware, the company's technology employs computer vision to analyze bird flight patterns and provides clients with valuable insights into bird activity. This data enables informed decision-making regarding the operation of wind farms, promoting a balance between industrial development and the preservation of biodiversity. Through its innovative approach, Spoor aims to facilitate a coexistence between industry and nature.
Otovo is a renewable energy company that simplifies the process of obtaining solar panels and batteries for homeowners. Established in Oslo in 2016, Otovo operates a marketplace that connects customers with a network of thoroughly vetted local energy installers. Utilizing proprietary technology, the company assesses the solar potential of residential properties and provides tailored project recommendations. Otovo has successfully completed thousands of solar energy installations across Europe, striving to become the leading residential solar energy provider on the continent. The company consists of a diverse team of engineers, programmers, and technical consultants located in various European cities, including Stockholm, Paris, and Madrid. In addition to facilitating the installation of solar panels, Otovo offers subscription services for customers to access renewable energy solutions. The company is well-capitalized, supported by prominent Scandinavian investment entities.
Morrow Batteries
Venture Round in 2023
Morrow Batteries is a manufacturer focused on producing cost-effective and sustainable battery cells to facilitate the green energy transition. The company specializes in developing industrialized graphene-enhanced lithium-sulfur batteries, which significantly enhance performance while minimizing environmental impact. By prioritizing sustainability and efficiency, Morrow Batteries aims to provide clients with innovative solutions that contribute to a more sustainable energy future.
NorSun
Private Equity Round in 2023
NorSun is a Norwegian solar energy company that specializes in the manufacture and marketing of high-performance monocrystalline silicon ingots and wafers. The company utilizes the Czochralski process to produce its products, which involves melting polysilicon and shaping it into pseudo-square blocks before slicing them into thin wafers using diamond wire saws. NorSun's modern production facilities, located in Årdal, Norway, and Vantaa, Finland, have an expected annual production capacity exceeding 200 MWp. The company serves a select group of leading manufacturers in the solar cell industry, emphasizing quality, innovation, and manufacturing excellence. NorSun is dedicated to advancing economies of scale and fostering technological improvements that enhance the efficiency and affordability of converting sunlight into electricity.
Amina Charging
Venture Round in 2023
Amina Charging is a manufacturer of high-quality electric vehicle chargers designed for the mass market. The company focuses on developing easy-to-use charging solutions that handle high loads while incorporating safety features. Amina Charging aims to facilitate the transition to electric vehicles, promoting environmental sustainability by offering products that help reduce electricity costs for car owners. Through its innovative approach, the company is committed to supporting a greener future in the automotive sector.
Otovo is a renewable energy company that simplifies the process of obtaining solar panels and batteries for homeowners. Established in Oslo in 2016, Otovo operates a marketplace that connects customers with a network of thoroughly vetted local energy installers. Utilizing proprietary technology, the company assesses the solar potential of residential properties and provides tailored project recommendations. Otovo has successfully completed thousands of solar energy installations across Europe, striving to become the leading residential solar energy provider on the continent. The company consists of a diverse team of engineers, programmers, and technical consultants located in various European cities, including Stockholm, Paris, and Madrid. In addition to facilitating the installation of solar panels, Otovo offers subscription services for customers to access renewable energy solutions. The company is well-capitalized, supported by prominent Scandinavian investment entities.
eSmart Systems
Series B in 2022
eSmart Systems AS, founded in 2012 and headquartered in Halden, Norway, specializes in developing smart grid software solutions for the energy industry and service providers. The company leverages over two decades of international experience in IT and energy-related sectors, providing a cloud-born platform designed to manage the Internet of Things, Big Data, and real-time analytics. Its operational intelligence software aims to enhance energy savings, optimize investments, and reduce carbon footprints through data-driven decisions. The eSmart System Platform collects data from a variety of sources, including sensors and automation systems, while its product suite includes solutions for connected grids, production, buildings, and vehicle applications. The company also tailors applications for utilities, consumers, and professionals, supporting innovation and business development. With nearly 80 employees and additional offices in locations such as Palo Alto, California, eSmart Systems is recognized for its advanced predictive and optimization models that transform vast data quantities into actionable insights for energy grid operators.
Tise
Venture Round in 2022
Tise is a Norwegian software company focused on sustainability through its mobile marketplace app for iOS and Android. The app, also named Tise, combines elements of Instagram and Craigslist to facilitate the buying and selling of second-hand fashion, interior decor, and furniture. By making the process of selling items more engaging and less stigmatizing, Tise aims to encourage more people to participate in the second-hand market, thereby promoting a greener lifestyle. The company handles all aspects of development, from coding and design to business growth, in-house.
Morrow Batteries
Venture Round in 2022
Morrow Batteries is a manufacturer focused on producing cost-effective and sustainable battery cells to facilitate the green energy transition. The company specializes in developing industrialized graphene-enhanced lithium-sulfur batteries, which significantly enhance performance while minimizing environmental impact. By prioritizing sustainability and efficiency, Morrow Batteries aims to provide clients with innovative solutions that contribute to a more sustainable energy future.
Amina Charging
Venture Round in 2022
Amina Charging is a manufacturer of high-quality electric vehicle chargers designed for the mass market. The company focuses on developing easy-to-use charging solutions that handle high loads while incorporating safety features. Amina Charging aims to facilitate the transition to electric vehicles, promoting environmental sustainability by offering products that help reduce electricity costs for car owners. Through its innovative approach, the company is committed to supporting a greener future in the automotive sector.
Otovo
Venture Round in 2022
Otovo is a renewable energy company that simplifies the process of obtaining solar panels and batteries for homeowners. Established in Oslo in 2016, Otovo operates a marketplace that connects customers with a network of thoroughly vetted local energy installers. Utilizing proprietary technology, the company assesses the solar potential of residential properties and provides tailored project recommendations. Otovo has successfully completed thousands of solar energy installations across Europe, striving to become the leading residential solar energy provider on the continent. The company consists of a diverse team of engineers, programmers, and technical consultants located in various European cities, including Stockholm, Paris, and Madrid. In addition to facilitating the installation of solar panels, Otovo offers subscription services for customers to access renewable energy solutions. The company is well-capitalized, supported by prominent Scandinavian investment entities.
Heaten is an industrial start-up focused on advancing the electrification of heat to facilitate deep decarbonization across various industries. With eight years of research and development experience, the company specializes in heat-to-power and power-to-heat technologies, including piston compressor heat pumps. Heaten's innovative solutions currently achieve process temperatures of 165 degrees Celsius, addressing approximately 30% of the energy demand for industrial heating processes, which represents a significant market opportunity in the EU. The company has successfully completed the full cycle of R&D, prototyping, engineering, and design, leading to the delivery of 200kW heat pumps and industrial equipment to clients. Heaten aims to scale its existing platform to meet the growing needs of the industry while focusing on research and development to maintain a competitive edge in medium-temperature process heating.
Nordic mobility company that offers mobility services and car subscription SaaS. Customers subscribe to an electrical vehicle for everyday use, without any commitment, swap when they want, and get access to a weekend car when the electrical vehicle does not meet their needs. imove also offers a technical platform that enables third parties to offer their own car subscription service. Among other a top 5 global car manufactures uses the platform.
Greenbird Integration Technology
Series B in 2020
Greenbird Integration Technology AS is a software and solutions firm based in Oslo, Norway, with additional offices in Stavanger and Palo Alto. Founded in 2009, the company specializes in providing IT advisory services and integration solutions tailored for both public and private organizations across Europe. Its flagship product, Utilihive, serves as a domain-specific integration platform as a service (iPaaS) designed to support utilities in their digital transformation efforts. Utilihive empowers sectors such as smart metering, smart grid, smart cities, and the industrial Internet of Things, facilitating efficient data integration and operational processes. The company also offers consulting services that include strategic advisory, enterprise architecture, and solution design and development. Greenbird's technology is actively utilized by utilities serving over 65 million clients in various regions, including Scandinavia, Germany, the UK, the Middle East, and the Far East. In August 2023, Greenbird was acquired by GE Vernova and integrated into the Grid Software Business, enhancing its role in the ongoing energy revolution.
eSmart Systems
Venture Round in 2019
eSmart Systems AS, founded in 2012 and headquartered in Halden, Norway, specializes in developing smart grid software solutions for the energy industry and service providers. The company leverages over two decades of international experience in IT and energy-related sectors, providing a cloud-born platform designed to manage the Internet of Things, Big Data, and real-time analytics. Its operational intelligence software aims to enhance energy savings, optimize investments, and reduce carbon footprints through data-driven decisions. The eSmart System Platform collects data from a variety of sources, including sensors and automation systems, while its product suite includes solutions for connected grids, production, buildings, and vehicle applications. The company also tailors applications for utilities, consumers, and professionals, supporting innovation and business development. With nearly 80 employees and additional offices in locations such as Palo Alto, California, eSmart Systems is recognized for its advanced predictive and optimization models that transform vast data quantities into actionable insights for energy grid operators.
Disruptive Technologies
Venture Round in 2019
Disruptive Technologies AS, founded in November 2013 and based in Bergen, Norway, specializes in the development of Internet of Things (IoT) solutions. The company focuses on creating the world's smallest fully integrated wireless sensors, which enable advanced measurement and data delivery. These sensors communicate via the Internet and are designed with unique attributes related to size, range, and battery capacity. By leveraging these innovative technologies, Disruptive Technologies aims to enhance how users interact with their environments, providing new possibilities for sensing and control.
Otovo
Venture Round in 2018
Otovo is a renewable energy company that simplifies the process of obtaining solar panels and batteries for homeowners. Established in Oslo in 2016, Otovo operates a marketplace that connects customers with a network of thoroughly vetted local energy installers. Utilizing proprietary technology, the company assesses the solar potential of residential properties and provides tailored project recommendations. Otovo has successfully completed thousands of solar energy installations across Europe, striving to become the leading residential solar energy provider on the continent. The company consists of a diverse team of engineers, programmers, and technical consultants located in various European cities, including Stockholm, Paris, and Madrid. In addition to facilitating the installation of solar panels, Otovo offers subscription services for customers to access renewable energy solutions. The company is well-capitalized, supported by prominent Scandinavian investment entities.