Best Energy Companies in Norway
The 638 best Energy companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Aker BP.
Norway's Energy sector draws serious capital. This directory ranks 638 Energy companies operating in Norway by disclosed equity funding and recent funding momentum, and the aggregate picture is worth pausing on: $12.0B in total disclosed funding across the cohort, with no unicorns yet claiming that threshold.
The funding spread tells you where conviction sits. Solor Bioenergy Group leads at $2.1B disclosed, a figure that dwarfs the next tier: Hexagon Composites at $103M, Otovo at $95M, and Edda Wind at $38M. So most of the pool concentrates at the top fast. Median install growth across energy apps is running at roughly +28% YoY across 138 tracked apps, and coverage is rising hardest around solar electricity generation, EV battery technology, and EV energy management systems. I'd flag that last theme specifically, given Norway's EV penetration rates. Active investors here include HitecVision, Equinor, and Europa, names that signal patient, infrastructure-scale capital rather than speculative bets. Norway's bilateral energy agreements are also opening new cross-border demand corridors worth watching alongside the domestic funding picture.
- International grid edge study reveals countries needs and readiness f
Our analysis of 441 Energy companies
$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy companies in Norway
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Aker BP Provider of oil & gas exploration and production services | $4.0B | 86 mo ago | 1,839 1,839 → 3,191 (+74%) · sector median +72% | Karl Hersvik CEO | WordPress Block EditorWordPressApple iCloud Mail+29 | 53 signals ▲152% Announcements · Contracts · Earnings | 1,057 patents Patents concentrated in health & consumer products | 1 launch |
| 2 | Solor Bioenergy Group Provider of renewable energy from wood waste, producing district heating, biofuels, and sustainable water… | $2.1B | 27 mo ago | — | Martinus Brandal CEO & Chairman | RubySalesforceAnimate.css+15 | — | — | — |
| 3 | Scatec Solar Independent solar producers | $949M | 67 mo ago | 778 | Raymond Carlsen CEO | — | — | — | — |
| 4 | DHT Crude oil transportation company | $746M | 80 mo ago | 18 18 → 39 (+117%) · sector median +72% | Svein Harfjeld Co-CEO | WordPressMySQLPHP+11 | 25 signals ▲47% Acquisition · Contracts · Earnings | — | 1 expansion |
| 5 | Archer Provider of drilling and workover services | $707M | 107 mo ago | 32 | — | WordPressMySQLPHP+21 | — | — | — |
| 6 | Origo Exploration Exploration and production of oil and gas | $525M | 141 mo ago | — | Svein Ilebekk Founder & CEO | — | — | — | — |
| 7 | Hoegh LNG Provider of LNG production and sea based transportation services | $430M | 76 mo ago | 180 | Sveinung Støhle President & CEO | — | — | — | 1 job opening · 2 internships |
| 8 | Mime Petroleum Independent energy company operating across upstream and midstream energy markets | $300M | 76 mo ago | 14 | Sverre Skogen Chairman & CEO | — | — | — | — |
| 9 | Wellesley Norwegian oil and gas exploration and development operator | $250M | 132 mo ago | 52 | Paula Johnson CEO & President | — | — | — | — |
| 10 | Borr Drilling Provider of drilling services to oil & gas industries | $220M | 53 mo ago | 517 | Patrick Schorn CEO | Node.jsTailwind CSSReact+14 | 65 signals ▲16% Acquisition · Contracts · Announcements | — | 5 job openings |
| 11 | Scatec Developer of solar and wind energy projects | $193M | 31 mo ago | 778 778 → 1,420 (+83%) · sector median +72% | Terje Pilskog Chief Executive Officer | WordPressMySQLPHP+23 | 39 signals Earnings · Contracts · Announcements | — | 1 partnership · 1 expansion · 1 award |
| 12 | Revus Energy Oil and gas exploration and production company | $154M | 216 mo ago | 36 | Walter Sognnes Co-Founder | — | — | — | — |
| 13 | Erin Energy Oil and gas exploration and production company | $135M | 147 mo ago | 64 | Kase Lawal CEO | — | — | — | — |
| 14 | Spring Energy Exploration and production company | $120M | 217 mo ago | — | Paul McDade CEO | — | — | — | — |
| 15 | Hexagon Composites Offers composite pressure cylinder technology for a wide range of mobility and storage applications | $103M | 15 mo ago | 1,723 | Thomas Woelfle CEO China & Southeast Asia | Craft CMSApple iCloud MailPHP+18 | 12 signals ▲71% Earnings · M&A · Leadership | — | — |
| 16 | NorSun Provider of mono-crystalline-based silicon wafers for the solar energy industry | $100M | 34 mo ago | 228 | Erik Løkke-Øwre Chief Executive Officer | WebflowMicrosoft 365jQuery+7 | — | — | — |
| 17 | Pandion Energy Independent full-cycle oil and gas company operating on the continental shelf | $100M | 112 mo ago | — | Jan Christian Ellefsen CEO | — | — | — | — |
| 18 | Otovo Marketplace for residential solar panels | $95M | 3 mo ago | 149 149 → 256 (+72%) · sector median +72% | Simen Jorgensen Co-Founder | SentryZendeskNode.js+22 | 13 signals ▲333% Acquisition · M&A · Leadership | — | — |
| 19 | Hunter Group Crude oil transportation company | $91M | 29 mo ago | 3 | Erik Frydendal CEO | WordPress Site EditorWordPressMySQL+6 | — | — | — |
| 20 | Fred. Olsen Windcarrier Offshore wind energy project installer | $85M | 71 mo ago | 10 | — | Windows ServerMicrosoft ASP.NETGSAP+13 | 3 signals Contracts · Funding | — | — |
| 21 | Biozin Producer of biofuels | $80M | 41 mo ago | — | Lars Frode Askheim Co-CEO | — | — | — | — |
| 22 | Empower New Energy Infrastructure fund focused on renewable energy investments | $74M | 42 mo ago | — | Terje Osmundsen Co-Founder & CEO | Wix eCommerceWixSentry+12 | — | — | 1 partnership |
| 23 | Release Provider of solar design & installation services | $55M | 35 mo ago | 26 | Hans Olav Kvalvaag CEO | WordPress Block EditorWordPressMySQL+17 | 3 signals Contracts | — | — |
| 24 | Longboat Energy Provider of oil & gas exploration and production services | $49M | 59 mo ago | 18 18 → 18 (+0%) · sector median +72% | Jonathan Cooper Founder | — | — | — | 1 award |
| 25 | Core Energy Exploration and Production in the Norwegian Continental Shelf | $42M | 124 mo ago | 1 | William Wheeler Founder | — | — | — | — |
| 26 | Edda Wind Developer of solar and wind energy projects | $38M | 23 mo ago | 7 | — | WordPressApple iCloud MailMicrosoft 365+17 | 21 signals ▲320% Acquisition · Leadership · M&A | — | — |
| 27 | Clemens Kraft Independent hydro power producer | $35M | 96 mo ago | 14 14 → 24 (+71%) · sector median +72% | Borge Klingan CEO | WordPressMySQLPHP+18 | — | — | — |
| 28 | Saga Tankers Crude oil transportation company | $33M | 65 mo ago | — | Espen Lundaas CEO | — | — | — | — |
| 29 | ChapDrive Technology provider for wind turbines | $24M | 194 mo ago | — | Asmund Furuseth Co-Founder & ex-CEO | — | — | 56 patents Hydrostatic transmission systems for wind turbine speed control and nacelle integration. | — |
| 30 | Excess Engineering Excess Engineering is an international technical service provider to the oil, gas, and renewable energy… | $11M | 38 mo ago | — | Ove Kalvatn Co-Founder & CEO | — | — | — | — |
| 31 | Havgul Develops wind projects | $8M | 186 mo ago | 1 | Emil Thorkildsen Co-Founder & Chairman | — | — | — | — |
| 32 | GasSecure Provider of wireless gas detection systems for industrial applications | $7M | 137 mo ago | 14 | — | — | — | 48 patents Patents concentrated in computing, sensing & instrumentation | — |
| 33 | Norsk Renewables Developer of solar energy projects | $6M | 28 mo ago | — | Lars Helvig Co-Founder | WebflowMicrosoft 365jsDelivr+9 | — | — | 1 partnership |
| 34 | Smart Innovation Norway Grønt skifte: Bærekraftig fremtid med grønne løsninger - Smart Innovation Norway | $6M | 53 mo ago | 46 46 → 46 (+0%) · sector median +72% | — | — | — | — | 1 partnership |
| 35 | Petrolia NOCO Provider of oil and gas exploration services on the NCS | $6M | 130 mo ago | 15 15 → 26 (+73%) · sector median +72% | — | — | — | — | — |
| 36 | Azane Fuel Solutions Provider of carbon-free ammonia fuel solutions for the maritime transportation industry | $6M | 31 mo ago | 4 | Hakon Skjerstad CEO | — | — | 11 patents Safety and cooling systems for liquefied ammonia and industrial gases | 1 internship · 1 expansion |
| 37 | Knox Energy Solutions Natural gas and crude oil exploration and production company specializing in natural gas and oil | $6M | 22 mo ago | 6 | Jorn Lindtvedt CEO | — | — | — | — |
| 38 | Photoncycle Provider of electricity generation, storage, consumption, and payment systems | $5M | 3 mo ago | 6 | Bjorn Brandtzaeg Founder & CEO | RubyAnimate.cssTailwind CSS+13 | 3 signals Funding · Capital raise | 5 patents Photovoltaic energy conversion and solar power generation systems | — |
| 39 | Emergy Developer of wind energy projects | $5M | 73 mo ago | 47 | — | SanityVimeoTailwind CSS+9 | — | — | — |
| 40 | Zinus Supplier of shore power products and autonomous solutions for ports and vessels | $4M | 17 mo ago | 14 | Endre Eidsvik CEO | WordPressMySQLPHP+18 | — | 9 patents Rotationally independent electrical cable handling and coupling systems for flexible power connections | — |
| 41 | Horisont Energi Developer of bio energy plants | $4M | 53 mo ago | 35 35 → 32 (-9%) · sector median +72% | Bjorgulf Eidesen Founder & CEO | WordPressMySQLPHP+10 | — | 101 patents Subsea CO₂ storage, pressure control, and ammonia production technologies for carbon capture. | — |
| 42 | Arbaflame Developer of bio-energy projects | $3M | 59 mo ago | 11 | — | Wix eCommerceWixSentry+14 | — | 24 patents Biomass conversion technologies for pellet fuel and carbon‑enriched solid bio‑materials | 1 internship |
| 43 | Inseanergy Provider of solar energy services | $3M | 28 mo ago | 10 | — | — | — | 3 patents Floating offshore photovoltaic systems integrated with aquaculture facilities | 1 launch · 2 partnerships |
| 44 | Alva Developer of electric motors and FiberPrinting technology for diverse industries | $3M | 6 mo ago | 30 30 → 67 (+123%) · sector median +72% | Jorgen Selnes Co-Founder | Webflow EcommerceWordPressWebflow+19 | — | — | 1 launch |
| 45 | Kitemill Renewable energy company pioneering airborne wind energy technology through high-altitude tethered kites | $3M | 22 mo ago | 9 | Thomas Hårklau Founder | WebflowKlarocore-js+13 | — | 15 patents Patents concentrated in mechanical & energy engineering | 2 partnerships |
| 46 | Norhybrid Renewables Provider of distributed energy solutions integrating wind, solar, and battery storage | $2M | 60 mo ago | 4 | — | Wix eCommerceWixSentry+18 | — | — | 1 launch |
| 47 | WindSpider Developer of crane technology for wind turbine installation and maintenance | $2M | 23 mo ago | — | Kent Vinkel CEO | — | — | 6 patents Wind turbine tower construction, climber crane systems, and maintenance device integration. | 2 partnerships |
| 48 | Ocean Sun Developer of floater units for solar panels | $1M | 19 mo ago | 10 | — | WordPressMySQLPHP+21 | — | 88 patents Design and installation of utility‑scale and floating photovoltaic power generation systems. | 1 partnership |
| 49 | BlueNord Oil and gas company operating in the exploration, development, and production of hydrocarbon resources | $1M | 46 mo ago | — | Melissa Mccarthy CEO | WordPressApple iCloud MailMicrosoft 365+22 | 10 signals ▼55% Announcements · Earnings | — | — |
| 50 | ECO STOR Startup company that designs and manufactures battery storage systems for various applications, repurposing… | $1M | 37 mo ago | 60 | — | HubSpot CMS HubGoogle MapsBootstrap+24 | 4 signals Announcements · Contracts · Capital raise | 18 patents EV battery health diagnostics and second‑life energy storage integration for renewable power systems | — |
Top 12 Energy companies in Norway
#1
Public · Oslo, Oslo · founded 2016 · 149 employees$94.7Mraised▾
Otovo is a marketplace that makes it easy for homeowners to get solar panels on their roofs. They organize a network of local, high-quality energy providers, allowing homeowners to save money and contribute to the environment.
- Mar 2026Post IPO$14M
- Sep 2025Post IPO$4M
- Nov 2023Post IPO$42.7M
- Feb 2022Post IPO$34M
#2
Series A · Oslo, Oslo · founded 2020 · 6 employees$5.4Mraised▾
Photoncycle is a company that aims to revolutionize the way electricity is generated, stored, consumed, and paid for. They are focused on building an autonomous energy system enabled by innovative technology that is affordable for many. The company is founded by Bjorn Brandtzaeg, who has extensive experience in the energy industry.
- Mar 2026Series A$17.4M
- Apr 2024Series A$5.4M
#3
Public · Alesund, More og Romsdal · founded 2008 · 1723 employees$103.3Mraised▾
Offers composite pressure cylinder technology for a wide range of mobility and storage applications
- Mar 2025Grant (prize money)$5.3M
- Aug 2024Post IPO$28.2M
- Feb 2022Post IPO—
- Dec 2020Post IPO—
#4
Acquired · Kirkenaer, Innlandet · founded 2005$2.1Braised▾
Provider of renewable energy from wood waste, producing district heating, biofuels, and sustainable water solutions. This involves converting wood waste into renewable energy for district heating systems. The company also produces biofuels, such as pellets and briquettes, from forest industry waste and recycles impregnated wood. Additionally, it offers sustainable solutions for water systems, leveraging its technical expertise in energy production. The business model centers on creating a circular economy by utilizing waste materials to generate energy and provide essential utility services.
- Feb 2024Conventional Debt$2.1B
#5
Seed · Trondheim, Trondelag · founded 2017 · 30 employees$2.6Mraised▾
Developer of electric motors and FiberPrinting technology for diverse industries. The company provides electric drive systems for defense, satcom, gimbals, marine propulsion, medical devices, and semiconductor applications. It offers SlimTorq motors, Halbach rotors, and FiberPrinted slotless motors. The firm’s FiberPrinting technology enables custom motor development and production.
- Dec 2025Seed—
- Sep 2021Grant (prize money)$58.2K
- Oct 2019Grant (prize money)$2.6M
#6
Public · Haugesund, Rogaland · founded 2015 · 7 employees$37.8Mraised▾
Developer of solar and wind energy projects
- Jun 2024Post IPO$37.8M
#7
Public · Oslo, Oslo · founded 2007 · 778 employees$193.2Mraised▾
Developer of solar and wind energy projects
- Oct 2023Post IPO$102M
- Aug 2022Grant (prize money)$8.8M
- Dec 2018Series C$82.4M
#8
Public · Lysaker, Akershus · founded 2001 · 1839 employees$4Braised▾
Provider of oil & gas exploration and production services
- Apr 2019Conventional Debt$4B
#9
Seed · Rubbestadneset, Vestland · founded 2019 · 14 employees$4.5Mraised▾
Zinus AS is a leading supplier of shore power products and autonomous solutions for ports and vessels, offering cable management systems with patented design and functionality. With a focus on innovative solutions, Zinus is powering the future of sustainable maritime operations.
- Dec 2024Seed$4.5M
#10
Public · Oslo, Oslo · founded 2003 · 3 employees$91.5Mraised▾
Crude oil transportation company
- Jan 2024Post IPO$12M
- May 2019Post IPO$79.5M
#11
Series C · Oslo, Oslo · founded 2005 · 228 employees$100.3Mraised▾
Provider of mono-crystalline-based silicon wafers for the solar energy industry. The company offers wafers that are made from high-quality poly-silicon and have automatic wafer singulation and inline cleaning solutions.
- Aug 2023Series C$8.5M
- Jun 2021Grant (prize money)$612.5K
- Jun 2019Conventional Debt—
- Jun 2019Series C$18.5M
#12
Public · Oslo, Oslo · founded 2007 · 778 employees$949.1Mraised▾
Independent solar producers
- Oct 2020Post IPO—
- May 2020Post IPO$192M
- Dec 2019Post IPO$84.1M
- Sep 2019Post IPO$145.6M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Grid Energy Storage is moving in Norway
A read on the academic research around Grid Energy Storage — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 269 Norway-affiliated papers.
- Norwegian University of Science and Technology78
- SINTEF62
- University of South-Eastern Norway19
- University of Oslo12
- Institute for Energy Technology9
- Electrochemistry1→5
- Renewable energy36
- Battery (electricity)32
- Thermal energy storage24
- Power (physics)20
- Process engineering18
- Battery (electricity)1→10
Where energy storage is researched across Norway
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.