Scatec Innovation AS

Scatec AS invests in and develops companies working in renewable energy and environmentally friendly ‘advanced materials'. They work within a wide international network. They evaluate trends within growing markets and assess new technologies within areas of competence where Norway is considered traditionally strong. Based on these evaluated concepts, Scatec invests in and develops new businesses.

3 past transactions

NorSun

Private Equity Round in 2009
NorSun is a Norwegian solar energy company that manufactures and markets high performance monocrystalline silicon ingots and wafers. Annual production capacity at the company's modern production facilities in Ã…rdal, Norway and Vantaa, Finland is expected to exceed 200 MWp by the end of 2009. NorSun's customers are industry leading manufacturers of high efficiency solar cells that value quality, innovation and manufacturing excellence. The company is committed to grow economies of scale and deliver technological advances that contribute to an efficient and affordable conversion of sunlight into electricity.

Confluence Solar

Series A in 2008
Confluence Solar's mission is to bring to market single crystal silicon substrates for  solar applications at or below the cost per watt of multi crystal substrates.

Innovalight

Series C in 2007
Founded by Conrad Burke, Innovalight is focused on bringing high efficiency, low-cost solar modules to the marketplace. Enabling this manufacturing paradigm shift is the company's silicon ink, which has been in development since 2005. Historically, silicon has been processed either as a solid or as a gas. Using liquid based processing Innovalight will dramatically improve the cost and efficiency of today's solar modules.
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