AESC Group is a leading manufacturer of lithium-ion batteries, specializing in automotive applications. Founded as a joint venture between Nissan and NEC Group, AESC has been producing batteries for electric and hybrid vehicles since 2010. Their products are renowned for their performance, quality, and reliability, powering numerous vehicles worldwide. AESC is committed to sustainability, employing carbon-neutral manufacturing processes. The company aims to improve battery quality, reduce costs, and increase energy density, contributing to the global shift towards cleaner transportation and energy storage solutions.
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.
FREYR AS is a Norwegian company based in Mo i Rana that specializes in the production and sale of lithium-ion battery cells for electric vehicles and energy storage. The company aims to offer clean battery solutions with high density and competitive pricing while maintaining a reduced carbon footprint. In addition to its core focus on electric mobility and stationary energy storage, FREYR is exploring opportunities in marine transportation and aviation markets. The company also operates a 600 MW wind park in Norway, supporting its commitment to renewable energy and sustainability.
NEL Hydrogen
Grant in 2024
Nel ASA is a leading hydrogen company based in Norway, specializing in the production, storage, and distribution of hydrogen derived from renewable energy sources. The company operates through several segments, primarily focusing on hydrogen fueling stations and electrolyzers. Its H2Station technology offers efficient fueling solutions for fuel cell electric vehicles, ensuring fast refueling and long ranges comparable to conventional vehicles. Nel ASA also manufactures hydrogen generation plants utilizing advanced water electrolysis technology, catering to various industrial applications and energy systems globally. With a strong emphasis on delivering comprehensive hydrogen solutions, the company serves diverse sectors, including industries and energy firms, positioning itself as a key player in the transition to sustainable energy. Founded in 1927 and originally known as DiaGenic ASA, it rebranded in 2014 and maintains headquarters in Oslo while operating facilities in Notodden and Porsgrunn.
Lightsource BP Renewable Energy Investments
Debt Financing in 2024
Lightsource BP is a global leader in the development, acquisition, and management of large-scale solar energy projects. Specializing in utility-scale solar project development, the company excels in its in-house planning and operational capabilities, allowing it to act as both the owner and manager of its projects. By collaborating with utilities, businesses, local communities, and governments, Lightsource BP addresses the increasing demand for affordable and sustainable energy. The company is committed to delivering competitively-priced, reliable clean energy solutions and aims to deploy at least 8GW of solar capacity worldwide in the coming years. Its focus on solar and smart energy solutions positions Lightsource BP as a significant contributor to the future of global energy delivery.
algoWatt specializes in designing, developing, and integrating solutions for the management of energy and natural resources, emphasizing sustainability and social responsibility. The company focuses on providing management and control systems that combine devices, networks, software, and services across several sectors, including digital energy and utilities, smart cities and enterprises, and green mobility. Its product offerings include various solutions such as building energy management systems, invoicing and metering tools, and geographic information systems. algoWatt emerged from the merger of TerniEnergia, known for its expertise in renewable energy and environmental services, and Softeco, a seasoned IT solution provider with extensive experience in the energy, industrial, and transportation sectors.
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.
Verkor is a manufacturer of battery cells dedicated to producing low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly smaller carbon footprint compared to traditional options, which not only reduces overall emissions but also lowers logistics costs. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with affordable battery solutions that align with sustainability goals.
Zunder is an electric vehicle charging company focused on developing a comprehensive network of charging stations for electric car drivers. The company offers semi-fast and fast chargers, allowing users to charge their vehicles with convenience comparable to traditional gasoline cars. Additionally, Zunder provides a mobile application that facilitates the registration of charging requests, manages charging points, and supports payment processing. This application enables clients to effectively plan their routes and book charging sessions, enhancing the overall experience for electric vehicle users.
ICODOS is a technology company specializing in the production of e-methanol, a clean alternative to conventional methanol. It has developed a patented hybrid process that enables cost-competitive and rapidly scalable e-methanol production, targeting the decarbonization of the chemical and shipping industries. The company's unique value lies in its innovative technology, which offers a significant cost advantage and unmatched operational flexibility, ensuring efficient carbon dioxide capture and reduced operating costs.
Sunfire is a company that specializes in developing and manufacturing systems for renewable industrial gas and fuel production. It focuses on creating substitutes for fossil fuels, such as mineral oil and natural gas, through innovative technologies like electrolyzers and solid oxide cells. These systems convert renewable electrical energy from sources like wind farms, hydropower plants, and photovoltaic systems into fuels and gases, including renewable hydrogen and syngas. By enabling the chemical, fuel, and steel industries to transition away from fossil energy, Sunfire aims to provide sustainable energy solutions that are available whenever needed, thus integrating renewable energy into existing infrastructures.
Vianode specializes in the development of sustainable anode graphite solutions specifically for the battery industry, with a strong emphasis on enhancing the performance and sustainability of electric vehicle batteries. The company produces a variety of synthetic graphite products that offer unique performance characteristics and are manufactured with significantly lower CO2 emissions compared to conventional materials. Vianode is also committed to recycling initiatives, having recently introduced a product that incorporates recycled graphite, thereby supporting a low-emission battery ecosystem. Through its focus on sustainability and technological advancements, Vianode contributes to the transition toward greener energy solutions in the electric vehicle sector.
Absolicon Solar Concentrator
Grant in 2023
Absolicon Solar Concentrator AB produces and installs solar energy systems. It offers solar concentrators and collectors. The company provides X10, which produces electricity and heat for hot tap water, heating, heat-powered air conditioning, and desalination or process heat applications. Its products are used in photovoltaic thermal applications, hotels, hospitals, apartment buildings, sport centers, industries, airports, restaurants, and supermarkets in southern Europe. Absolicon Solar Concentrator AB was founded in 2007 and is based in Härnösand, Sweden.
Stargate Hydrogen
Grant in 2023
Stargate Hydrogen Solutions specializes in providing turn-key electrolysis solutions for the production of green hydrogen using renewable energy sources. The company focuses on designing, implementing, and maintaining electrolyzer systems that help clients transition to green hydrogen, thereby reducing carbon dioxide emissions and promoting sustainability. Through its innovative services, Stargate Hydrogen aims to support the electrification of various sectors, contributing to a cleaner and more environmentally friendly energy landscape.
Everfuel Denmark A/S is a green hydrogen company based in Herning, Denmark, specializing in the production and sale of green hydrogen fuel across several European countries, including Denmark, Norway, Sweden, the Netherlands, Germany, and Belgium. Founded in 2017, the company serves a diverse range of applications, providing hydrogen fueling solutions for heavy-duty vehicles such as buses, trucks, and taxis, as well as marine vessels and private cars. Everfuel operates hydrogen production facilities, distribution networks, and fueling stations, ensuring accessibility for both mobility customers and industrial stakeholders involved in alternative hydrogen-based fuels and Power to X products. By collaborating with vehicle manufacturers, Everfuel aims to enhance the hydrogen value chain and offer competitive, long-term contracts to enterprise customers.
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.
Kitemill specializes in the development of airborne wind energy technology, which aims to transform the wind power industry by harnessing high-altitude winds. The company's innovative system features a kite connected to a ground-based generator via a tether, allowing for the efficient capture of strong and stable wind resources. This approach not only enhances the availability of renewable energy but also significantly reduces material usage, leading to improved cost efficiency. Kitemill's technology is positioned to play a crucial role in the global transition towards a zero-emission energy sector, offering a safe and low-cost method of producing renewable energy that could surpass the financial implications of solar and traditional wind power plants.
Kraftwerk Group
Grant in 2019
Kraftwerk Group is a German renewable energy company founded in 2016, specializing in the development of advanced fuel cells that convert various fuels—such as natural gas, liquified gas, gasoline, and kerosene—into electricity. These fuel cells are designed for a diverse array of applications, including transportation solutions like e-bikes, passenger vehicles, light commercial vehicles, motorhome RVs, and medium-duty trucks. Additionally, Kraftwerk's technology supports stationary and portable systems, making it suitable for small and mid-size applications, emergency power, waste-to-energy projects, and IoT charging solutions. The company is also known for manufacturing nanocoated full metallic tubes, which are integral to building compact and efficient fuel cells for mobile use.
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.
Kraftwerk Group
Grant in 2017
Kraftwerk Group is a German renewable energy company founded in 2016, specializing in the development of advanced fuel cells that convert various fuels—such as natural gas, liquified gas, gasoline, and kerosene—into electricity. These fuel cells are designed for a diverse array of applications, including transportation solutions like e-bikes, passenger vehicles, light commercial vehicles, motorhome RVs, and medium-duty trucks. Additionally, Kraftwerk's technology supports stationary and portable systems, making it suitable for small and mid-size applications, emergency power, waste-to-energy projects, and IoT charging solutions. The company is also known for manufacturing nanocoated full metallic tubes, which are integral to building compact and efficient fuel cells for mobile use.
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