Scatec Innovation AS

Scatec AS is engaged in investing in and developing companies focused on renewable energy and environmentally friendly advanced materials. The firm operates within a broad international network, allowing it to assess trends in growing markets and evaluate new technologies in areas where Norway holds traditional strengths. By analyzing these concepts, Scatec identifies opportunities to invest in and foster the growth of new businesses that align with its objectives in sustainable development.

Alf Bjorseth

3 past transactions

NorSun

Private Equity Round in 2009
NorSun is a Norwegian company specializing in manufacturing high-performance monocrystalline silicon ingots and wafers for the solar energy industry. With production facilities in Ã…rdal, Norway and Vantaa, Finland, NorSun's annual capacity exceeds 200 MWp. The company supplies leading solar cell manufacturers, focusing on quality and innovation.

Confluence Solar

Series A in 2008
Confluence Solar is a manufacturer focused on producing single-crystal silicon substrates specifically for solar applications. The company aims to deliver these substrates at or below the cost of multi-crystal alternatives, thereby enhancing the efficiency and affordability of solar energy solutions. By providing high-efficiency solar cells with uniform resistivity, Confluence Solar supports businesses in the production of single crystals tailored for the solar market, contributing to advancements in renewable energy technology.

Innovalight

Series C in 2007
Innovalight, founded by Conrad Burke, specializes in the development of high-efficiency, low-cost solar modules aimed at both residential and commercial applications. The company is notable for its innovative approach to solar technology, utilizing a proprietary silicon ink that has been in development since 2005. This liquid-based processing method significantly enhances the cost-effectiveness and efficiency of solar modules compared to traditional solid or gas processing techniques. Innovalight's focus on ultra thin-film power modules positions it as a key player in the solar energy sector, particularly in the realm of grid-connected solar power generation.
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