Agder Energi AS

Agder Energi AS is a Norwegian company based in Kristiansand that focuses on the generation, distribution, and sale of renewable energy. It operates across several segments, including Hydroelectric Power, Network, Energy Management & Trading, and Marketing. The company primarily generates electricity from hydroelectric sources, solar photovoltaic systems, and district heating. It manages an extensive network of transmission and distribution grids in Agder, comprising 22,100 kilometers of power lines, and serves approximately 204,500 customers. Agder Energi AS owns and operates 49 hydroelectric power stations, producing around 8,100 GWh of energy annually. Additionally, it is involved in electrical infrastructure contracting and operates district heating plants. The company also has a venture capital arm, Agder Energi Venture AS, which invests in clean technology and renewable energy, focusing on companies based in Norway but open to international opportunities.

Tor Øystein Repstad

CEO

Vidar Kristoffer Strat

Investment Manager

Eivind Tønnessen

Portfolio Manager

6 past transactions

Otovo

Post in 2023
Otovo AS develops and supplies solar solutions for residential and commercial customers in Norway and Sweden, focusing on solar cell roofs branded as Sunstyle. Founded in 2016 and headquartered in Oslo, Norway, the company operates a broad network of skilled installers across Europe, from Malaga in Spain to Trondheim in Norway. Otovo is dedicated to facilitating the adoption of clean energy technologies in homes, aiming to enhance energy independence and sustainability throughout Europe. With offices in Oslo, Stockholm, Paris, and Madrid, Otovo is committed to making clean and local energy accessible to a wider audience.

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.

Otovo

Venture Round in 2022
Otovo AS develops and supplies solar solutions for residential and commercial customers in Norway and Sweden, focusing on solar cell roofs branded as Sunstyle. Founded in 2016 and headquartered in Oslo, Norway, the company operates a broad network of skilled installers across Europe, from Malaga in Spain to Trondheim in Norway. Otovo is dedicated to facilitating the adoption of clean energy technologies in homes, aiming to enhance energy independence and sustainability throughout Europe. With offices in Oslo, Stockholm, Paris, and Madrid, Otovo is committed to making clean and local energy accessible to a wider audience.

Otovo

Venture Round in 2018
Otovo AS develops and supplies solar solutions for residential and commercial customers in Norway and Sweden, focusing on solar cell roofs branded as Sunstyle. Founded in 2016 and headquartered in Oslo, Norway, the company operates a broad network of skilled installers across Europe, from Malaga in Spain to Trondheim in Norway. Otovo is dedicated to facilitating the adoption of clean energy technologies in homes, aiming to enhance energy independence and sustainability throughout Europe. With offices in Oslo, Stockholm, Paris, and Madrid, Otovo is committed to making clean and local energy accessible to a wider audience.

Otovo

Venture Round in 2016
Otovo AS develops and supplies solar solutions for residential and commercial customers in Norway and Sweden, focusing on solar cell roofs branded as Sunstyle. Founded in 2016 and headquartered in Oslo, Norway, the company operates a broad network of skilled installers across Europe, from Malaga in Spain to Trondheim in Norway. Otovo is dedicated to facilitating the adoption of clean energy technologies in homes, aiming to enhance energy independence and sustainability throughout Europe. With offices in Oslo, Stockholm, Paris, and Madrid, Otovo is committed to making clean and local energy accessible to a wider audience.

GLO

Series C in 2010
GLO AB is a company dedicated to developing and commercializing advanced LED display products utilizing nanotechnology, with its origins rooted in over a decade of research at Lund University. Founded in 2005 and headquartered in Lund, Sweden, GLO also operates a facility in Sunnyvale, California, where it conducts research and pilot fabrication. The company specializes in direct-emitting red, green, and blue microLED products, catering to various sectors including displays, illumination, and automotive applications. GLO's innovative technology allows for the creation of efficient and stable RGB emitters from a single material system, addressing limitations of traditional LED technology. This breakthrough enables superior color stability and the potential for high-quality white LEDs without phosphor conversion. With over 175 patents in the US, Europe, and Asia, GLO is focused on strengthening its intellectual property and advancing its position in the LED market, particularly in fast-growing regions such as Asia.