Nysnø

Nysnø is a governmental climate investment fund investing in companies that solve climate challenges. The investment fund is set up as a commercial company that invests in technologies that contribute to reducing greenhouse gas emissions. It was established in 2017 in Stavanger, Rogalan by the Norwegian Ministry of Trade and Industry.

Jean-Baptiste Curien

Director Climate technology

Joe Eliston

Investment Director

Øystein Lende Eriksen

Investment Associate

Lene Elizabeth Hodge

Investment Manager

Lars Hvam

Investment Director

Eivind Egeland Olsen

Chief Investment Officer

Guro Skjæveland

Investment Manager

Maren Stangeland

Investment Manager

Solveig Sundsdal

Senior Associate

Bertel Ånestad

Investment Director and CFO

Tor André E. Vorpenes

Associate

23 past transactions

Flocean

Series A in 2024
Flocean delivers subsea pumping systems for providing clean drinking water in the region.

Spoor

Seed Round in 2024
Spoor is focused on developing an AI-powered biodiversity monitoring platform specifically designed for wind farms. The platform utilizes video technology and proprietary algorithms to detect, track, and classify birds, providing valuable insights into their flight patterns and activity. By estimating three-dimensional flight path data, Spoor enables clients to make informed decisions regarding the operation of their wind farms while addressing the environmental impacts associated with energy production. The company aims to facilitate a green shift in industry by ensuring that ecological considerations, particularly biodiversity, are integrated into infrastructure development and management practices. Through its innovative approach, Spoor seeks to promote coexistence between industry and nature.

Otovo

Post in 2023
Otovo is a renewable energy company founded in Oslo in 2016 that specializes in providing homeowners with solar panel installations and battery solutions. Acting as a marketplace, Otovo connects customers with a network of thoroughly vetted local energy installers across multiple European cities, including Stockholm, Paris, and Madrid. The company employs proprietary technology to assess each home's solar potential and offer tailored project recommendations. Otovo has successfully completed thousands of solar energy projects and aspires to become the leading provider of residential solar solutions in Europe. The company is financially robust, supported by significant investments from major Scandinavian entities, including a municipal pension fund and a green sovereign investment fund.

Morrow Batteries

Venture Round in 2023
Morrow’s ambition is to develop and manufacture the world’s most cost-effective and sustainable battery cells. The company’s vision is to enable and accelerate the green energy transition through the production of sustainable batteries.

NorSun

Private Equity Round in 2023
NorSun is a Norwegian company specializing in the manufacture of high-performance monocrystalline silicon ingots and wafers for the solar energy industry. The company utilizes the Czochralski process to produce its products, which involves melting polysilicon and shaping it into blocks that are then sliced into thin wafers. These wafers are supplied to leading manufacturers of high-efficiency solar cells, who prioritize quality and innovation in their production processes. NorSun operates modern production facilities in Årdal, Norway, and Vantaa, Finland, with an annual production capacity projected to exceed 200 MWp. The company is dedicated to enhancing economies of scale and advancing technology to improve the efficiency and affordability of solar energy conversion.

Amina Charging

Venture Round in 2023
Amina Charging specializes in the development and manufacturing of user-friendly electric vehicle chargers aimed at the mass market. The company focuses on creating high-quality chargers that manage substantial electrical loads while incorporating safety features. By prioritizing environmental sustainability, Amina Charging seeks to facilitate the transition to electric vehicles and help car owners reduce their electricity bills. Its commitment to producing reliable and efficient charging solutions positions the company as a key player in the growing electric vehicle market.

Otovo

Post in 2023
Otovo is a renewable energy company founded in Oslo in 2016 that specializes in providing homeowners with solar panel installations and battery solutions. Acting as a marketplace, Otovo connects customers with a network of thoroughly vetted local energy installers across multiple European cities, including Stockholm, Paris, and Madrid. The company employs proprietary technology to assess each home's solar potential and offer tailored project recommendations. Otovo has successfully completed thousands of solar energy projects and aspires to become the leading provider of residential solar solutions in Europe. The company is financially robust, supported by significant investments from major Scandinavian entities, including a municipal pension fund and a green sovereign investment fund.

Morrow Batteries

Venture Round in 2022
Morrow’s ambition is to develop and manufacture the world’s most cost-effective and sustainable battery cells. The company’s vision is to enable and accelerate the green energy transition through the production of sustainable batteries.

Amina Charging

Venture Round in 2022
Amina Charging specializes in the development and manufacturing of user-friendly electric vehicle chargers aimed at the mass market. The company focuses on creating high-quality chargers that manage substantial electrical loads while incorporating safety features. By prioritizing environmental sustainability, Amina Charging seeks to facilitate the transition to electric vehicles and help car owners reduce their electricity bills. Its commitment to producing reliable and efficient charging solutions positions the company as a key player in the growing electric vehicle market.

Otovo

Venture Round in 2022
Otovo is a renewable energy company founded in Oslo in 2016 that specializes in providing homeowners with solar panel installations and battery solutions. Acting as a marketplace, Otovo connects customers with a network of thoroughly vetted local energy installers across multiple European cities, including Stockholm, Paris, and Madrid. The company employs proprietary technology to assess each home's solar potential and offer tailored project recommendations. Otovo has successfully completed thousands of solar energy projects and aspires to become the leading provider of residential solar solutions in Europe. The company is financially robust, supported by significant investments from major Scandinavian entities, including a municipal pension fund and a green sovereign investment fund.

Heaten

Series A in 2022
Heaten is an industrial start-up focused on accelerating the electrification of heat to support deep decarbonization across various industries. With eight years of research and development, Heaten specializes in heat-to-power and power-to-heat technologies, particularly through its innovative piston compressor heat pumps. These systems are designed for industrial-scale applications and can achieve process temperatures of up to 400 degrees Celsius, addressing approximately 30% of the energy demand for industrial heating processes. The company's technology platform not only enhances efficiency but also aims to provide sustainable and reliable heating solutions. Heaten has successfully completed the full cycle of R&D, prototyping, and engineering, delivering 200kW heat pumps and industrial equipment to clients. As Heaten seeks to scale its platform, it remains committed to advancing its research and development efforts to meet industry requirements and maintain a competitive edge in the medium-temperature process heat market.

imove

Series A in 2021
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 company based in Oslo, Norway, with additional offices in Stavanger and Palo Alto. Founded in 2009, Greenbird specializes in IT advisory services and integration solutions for both public and private organizations across Europe. The company offers a platform known as Utilihive, designed as a domain-specific integration platform as a service (iPaaS) tailored for utilities, facilitating the digital transformation of smart grids, smart cities, and the industrial Internet of Things. Utilihive supports over 65 million clients in regions including Scandinavia, Germany, the UK, the Middle East, and the Far East. Greenbird also provides consulting services in strategic advisory, enterprise architecture, and solution design. In August 2023, Greenbird was acquired by GE Vernova, leading to the rebranding of its technology platform, now known as GridOS Connect, which serves as the foundation for the GridOS Data Fabric.

eSmart Systems

Venture Round in 2019
ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets. The company provides software solutions to the energy industry and service providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy. eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.

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 founded in Oslo in 2016 that specializes in providing homeowners with solar panel installations and battery solutions. Acting as a marketplace, Otovo connects customers with a network of thoroughly vetted local energy installers across multiple European cities, including Stockholm, Paris, and Madrid. The company employs proprietary technology to assess each home's solar potential and offer tailored project recommendations. Otovo has successfully completed thousands of solar energy projects and aspires to become the leading provider of residential solar solutions in Europe. The company is financially robust, supported by significant investments from major Scandinavian entities, including a municipal pension fund and a green sovereign investment fund.
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