Nysnø

Nysnø Climate Investments is a governmental climate investment fund based in Norway, established in 2017 by the Ministry of Trade and Industry. The firm focuses on investing in companies that address climate challenges through innovative technologies. Its investment areas include clean energy, digital and enabling technologies, resource efficiency, sustainable demand, the circular economy, transport, infrastructure, food production, buildings, and industrial processes. By supporting initiatives that contribute to reducing greenhouse gas emissions, Nysnø aims to foster sustainable development and advance environmental objectives.

Jean-Baptiste Curien

Investment Manager

Joe Eliston

Investment Director - Company

Lars Hvam

Investment Director - Fund

John Egil Johannessen

Investment Manager

Siri M. Kalvig

CEO

Bjørn Munthe

CFO

Eivind Egeland Olsen

Chief Investment Officer

Paal Rogdeberg

Senior Associate

Guro Skjæveland

Senior Associate

Past deals in Norway

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.

Tise

Venture Round in 2022
Tise AS operates a social marketplace to find, buy, and sell things. Its platform allows users to add and share photos to show their stuff to Facebook "buy-and-sell" groups. The company was incorporated in 2014 and is headquartered in Trondheim, Norway.

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
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.

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 Integration Technology AS, a software and solutions company, provides IT advisory services and integration solutions for public and private organizations in Europe. The company offers Metercloud.io that offers ready-to-use big data integration applications and business integration processes for smart metering, smart grid, smart cities and the industrial Internet of Things; and Ghostwriter, a smart meter and smart grid simulation and test platform. It also provides consulting services, such as strategic advisory, enterprise architecture, and solution design and development. It serves utilities, oil and gas, banking and financial services, telco and media, transportation and logistics, and public service sectors. The company was incorporated in 2009 and is based in Oslo, Norway. It has additional offices in Stavanger, Norway and Palo Alto, California.

Saga Robotics

Venture Round in 2020
Saga Robotics AS manufactures modern farming equipment for farmers and fruit producers. It develops agricultural platform called Thorvald, an autonomous modular robot that can be configured for most agricultural environments. The company was incorporated in 2016 and is based in Oslo, Norway.

eSmart Systems

Venture Round in 2019
eSmart Systems AS develops smart grid software solutions. The company offers an operational intelligence software solution that accelerates energy savings, optimizes energy investment, and minimizes carbon footprint through energy decisions. It offers eSmart System Platform to collect data from sensors, markets, building automation systems, SCADA, and various relevant sources; and eSmart Grid connected products, such as connected grid, production, building, home, and vehicle product suites, as well as end user applications. The company also develops tailor-made solutions for utilities, and applications for consumers and professionals, as well as assists in business development and innovation processes. eSmart Systems AS was incorporated in 2012 and is based in Halden, Norway with an additional office in Palo Alto, California.

Disruptive Technologies

Venture Round in 2019
Disruptive Technologies AS develops Internet of Things solutions (IoT), an advanced network of devices and services that reinvents how users interact with the world around. Its IoT is made up of physical objects containing the technology that enables sensing and control via Internet. The company was founded in 2013 and is based in Bergen, Norway.

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.