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.

Curien, Jean-Baptiste

Director Climate technology

Joe Eliston

Investment Director

Øystein Lende Eriksen

Investment Associate

Lene Elizabeth Hodge

Investment Manager

Hvam, Lars

Investment Director

Eivind Egeland Olsen

Chief Investment Officer

Skjæveland, Guro

Investment Manager

Maren Stangeland

Investment Manager

Solveig Sundsdal

Senior Associate

Bertel Ånestad

Investment Director and CFO

Tor André E. Vorpenes

Associate

12 past transactions

Otovo

Post in 2023
To homeowners, Otovo is the easiest way to get solar panels on the roof and batteries in the home. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, our team consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw, Milan, Berlin, Barcelona and Lisbon. We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.

Tise

Venture Round in 2022
Tise is a Norwegian, fast-growing software company with an experienced team. We do everything from coding to design and business development in-house. Our main focus is the app for iOS and Android called Tise. Tise (as in "advertise"​) is a marriage between Instagram and Craigslist for selling and discovering second hand fashion, interior and furniture. We believe that second hand trade is an important key to make the world more sustainable. However, even though most people acknowledge this, their barriers are still too high to take action, and they still have too many nice things just laying around unused. To sell your items through a traditional classified service is a timely process and for many it is embarrassing or even stigmatic. We believe that everyone wants to be a part of the green movement and just needs a little motivation and the right tool to get going. Tise increases your incentives for selling in a fun and inspiring way, while on the other hand lets you go second-hand treasure hunting in your own neighbourhood every day.

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 develops high-quality and easy-to-use chargers for the mass market.

Otovo

Venture Round in 2022
To homeowners, Otovo is the easiest way to get solar panels on the roof and batteries in the home. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, our team consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw, Milan, Berlin, Barcelona and Lisbon. We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.

Heaten

Series A in 2022
Heaten is an industrial start-up, tackling one of the most difficult problems for numerous industries, namely, to accelerate the electrification of heat with the prospect of deep-decarbonization, while providing viable roadmaps, both technically and economically to rapidly de-carbonize industrial heating processes. Heaten is a start-up with an 8 years R&D history in heat-to-power (Organic Ranking Cycle) and power-to-heat machines (heat pump). Our technology platform and knowledge are leading the efforts to deliver process temperatures of currently realized 165 degrees Celsius which covers 30% of the energy demand of all industrial heating processes, equivalent to a €39billion TAM in the EU-28 market only. Heaten's technology platform can achieve up to 400 degrees Celsius (R&D roadmap). Heaten AS has gone through the full cycle of R&D, prototyping, engineering, and design to successfully deliver 200kW heat pumps and industrial equipment to a customer. We are now looking to scaling the existing platform to meet industry needs and staying ahead of the competition by leading R&D and secure IP into medium-temperature process heat.

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 - a VC backed B2B SaaS - provides Utilihive, the Operating System for the Platformed Digital Utility and Energy Cloud. Utilihive is the Domain specific iPaaS purpose-built for Utilities driving the Digital Transformation and empowering the Smart Grid, Smart City and Industrial IoT. Greenbird’s Utilihive is in full Productive Operations for Utilities serving moire than 65 million Clients in Scandinavia, Germany, UK, Middle East and Far East. In August 2023, Greenbird was acquired by GE Vernova and integrated into the Grid Sofware Business. Its technology platform Utilihive is now rebranded to GridOS Connect and is the foundation for rghe GridOS Data Fabric. Greenbird is recognized as Though Leader with Digital Innovation for the ongoing Energy Revolution. Greenbird is an Enterprise SaaS company offering Utilihive the Smart Utility Hub empowering the Smart Grid, Smart City and Industrial Internet of Things (IIoT). Utilihive is a Big Data Integration Platform (Domain specific iPaaS) purpose built for Utilities. Utilihive is the “Operating System” for Smart Energy Services and the Energy Cloud.

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 is a measurement and data delivery company. Disruptive Technologies develops wireless sensors communicating with the Internet and the sensors have unique characteristics in terms of size, range and battery capacity. The company was founded in Bergen, Norway, in November 2013.

Otovo

Venture Round in 2018
To homeowners, Otovo is the easiest way to get solar panels on the roof and batteries in the home. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, our team consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw, Milan, Berlin, Barcelona and Lisbon. We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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