Equinor

Equinor is a Norway-based integrated energy company, established in 1972, that engages in the exploration, development, and production of oil and gas, as well as renewable energy sources like wind and solar power. It operates globally, with a significant presence on the Norwegian Continental Shelf, and produces a substantial amount of oil and gas, including refined products such as petrol, diesel, and natural gas. Additionally, Equinor invests in innovative companies through its venture capital arm, Equinor Ventures, focusing on energy, technology, and climate solutions, with a preference for minority stakes and a typical investment range of $1 million to $20 million.

Samuel Byrne

Vice President Operations, Renewables Americas

Kjersti Reinsnos

Managing Director

Sophie Hildebrand

SVP Research and Technology and CTO

Past deals in Denmark

eSmart Systems

Venture Round in 2024
eSmart Systems AS specializes in developing intelligent software solutions for the energy sector, focusing on smart grid technologies. Founded in 2012 and headquartered in Halden, Norway, with an office in Palo Alto, California, the company leverages over 20 years of industry experience to offer cloud-based platforms that utilize the Internet of Things, Big Data, and advanced analytics. Their operational intelligence software optimizes energy investments, enhances energy efficiency, and reduces carbon footprints through informed decision-making. eSmart Systems provides a comprehensive suite of products, including connected grid solutions and tailored applications for utilities and consumers, enabling real-time data collection and analysis from various sources such as sensors and building automation systems. The company aims to improve asset management and operational efficiency for energy grid operators, ultimately lowering maintenance costs and extending the lifespan of critical infrastructure.

Ørsted

Post in 2024
Ørsted is a Danish company specializing in the development and maintenance of offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Formerly known as DONG Energy, Ørsted has undergone a significant transformation over the past decade, committing to a vision of a world powered entirely by green energy. The company has dramatically reduced its coal consumption by 73% and aims to completely phase out coal by 2023. As a global leader in offshore wind, Ørsted holds a 25% market share, providing energy to approximately 9.5 million people. By the end of 2023, Ørsted operated 8.9 gigawatts of offshore wind capacity, with the United Kingdom being its largest market, followed by Germany and Denmark. The company is also expanding its presence outside Europe with projects in Taiwan and the United States, where it operates 4.8 gigawatts of onshore wind and solar assets. In addition to its renewable initiatives, Ørsted still engages in traditional utilities, including conventional power plants.

Danske Commodities

Corporate Round in 2022
Danske Commodities A/S is an independent energy trading house based in Aarhus, Denmark, with additional offices in Hamburg, Istanbul, and London. Established in 2004, the company specializes in trading power and gas across borders, offering a range of services tailored to renewable energy producers, conventional asset operators, and energy suppliers. Its services include production management, balancing, market monitoring, optimization of heat and power, as well as trading and risk management solutions. Danske Commodities operates a trading platform that connects producers, suppliers, and consumers to wholesale energy markets, allowing for rapid responses to the dynamic energy landscape. The company serves clients in 39 countries, leveraging its market knowledge and continuous trading operations to create commercial opportunities in the energy sector. Since February 2019, Danske Commodities has operated as a subsidiary of Equinor ASA.

eSmart Systems

Series B in 2022
eSmart Systems AS specializes in developing intelligent software solutions for the energy sector, focusing on smart grid technologies. Founded in 2012 and headquartered in Halden, Norway, with an office in Palo Alto, California, the company leverages over 20 years of industry experience to offer cloud-based platforms that utilize the Internet of Things, Big Data, and advanced analytics. Their operational intelligence software optimizes energy investments, enhances energy efficiency, and reduces carbon footprints through informed decision-making. eSmart Systems provides a comprehensive suite of products, including connected grid solutions and tailored applications for utilities and consumers, enabling real-time data collection and analysis from various sources such as sensors and building automation systems. The company aims to improve asset management and operational efficiency for energy grid operators, ultimately lowering maintenance costs and extending the lifespan of critical infrastructure.

eSmart Systems

Venture Round in 2019
eSmart Systems AS specializes in developing intelligent software solutions for the energy sector, focusing on smart grid technologies. Founded in 2012 and headquartered in Halden, Norway, with an office in Palo Alto, California, the company leverages over 20 years of industry experience to offer cloud-based platforms that utilize the Internet of Things, Big Data, and advanced analytics. Their operational intelligence software optimizes energy investments, enhances energy efficiency, and reduces carbon footprints through informed decision-making. eSmart Systems provides a comprehensive suite of products, including connected grid solutions and tailored applications for utilities and consumers, enabling real-time data collection and analysis from various sources such as sensors and building automation systems. The company aims to improve asset management and operational efficiency for energy grid operators, ultimately lowering maintenance costs and extending the lifespan of critical infrastructure.

Danske Commodities

Acquisition in 2018
Danske Commodities A/S is an independent energy trading house based in Aarhus, Denmark, with additional offices in Hamburg, Istanbul, and London. Established in 2004, the company specializes in trading power and gas across borders, offering a range of services tailored to renewable energy producers, conventional asset operators, and energy suppliers. Its services include production management, balancing, market monitoring, optimization of heat and power, as well as trading and risk management solutions. Danske Commodities operates a trading platform that connects producers, suppliers, and consumers to wholesale energy markets, allowing for rapid responses to the dynamic energy landscape. The company serves clients in 39 countries, leveraging its market knowledge and continuous trading operations to create commercial opportunities in the energy sector. Since February 2019, Danske Commodities has operated as a subsidiary of Equinor ASA.
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