Best Energy Storage Tech Companies in Norway
The 71 best Energy Storage Tech companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Morrow Batteries.
- American Clean Power Association’s (ACP) Q4 2025 Clean Power Quarterly Market Report
- Frost & Sullivan
Our analysis of 50 Energy Storage Tech companies
$13.7b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy Storage Tech companies in Norway
| # | Company | Revenue | Disclosed funding | Last round | Employees | Founded | Founder | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nel Hydrogen Manufacturer of electrolyser technology for renewable hydrogen production and related services | $168M FY2023 | — | 11 mo ago | 673 | 1927 | — | — | 42 patents Advanced alkaline electrolysis cell stack design, leak detection, and purification technologies. | 1 partnership · 1 expansion |
| 2 | DEFA Manufacturer and developer of charging solution & e-vehicle charging network | $40M FY2023 | — | — | — | 1946 | Bard Klungseth CEO | — | 64 patents Electric vehicle charging hardware and connector systems for EV supply equipment | 3 job openings |
| 3 | Gronn Kontakt Electric vehicle charging network | $24M FY2023 | — | — | 43 | 2009 | — | — | — | — |
| 4 | Mer Provider of electric vehicle charging infrastructure and related energy solutions | $24M FY2023 | — | — | 43 | 2009 | Kristoffer Thoner CEO at Mer Group- powered by pure energy from Statkraft | — | — | — |
| 5 | Kople Operaters of electric charging facilities | $10M FY2022 | — | — | 20 | 2019 | Joar Brunes CEO | — | — | 1 expansion |
| 6 | Enrx Provider of induction heating and wireless charging solutions | $8M FY2024 | — | 76 mo ago | 322 | — | Evandro Nishimuni Managing Director | — | — | 2 partnerships · 1 expansion |
| 7 | Morrow Batteries Manufacturer of battery cells for energy transition and storage solutions | $3M FY2023 | $259M | 32 mo ago | 17 | 2020 | Rahul Fotedar Co-Founder & CTO | 5 signals ▲25% Leadership · Announcements | — | — |
| 8 | Hystar Provider of hydrogen generation solutions using electrolyzers | $2M FY2023 | $32M | 13 mo ago | 20 | 2020 | Fredrik Mowill CEO | — | 18 patents Compressed hydrogen generation using PEM water electrolyzer systems | — |
| 9 | CCB Energy Holding Production of hydrogen | $1M FY2023 | — | — | 7 | 2020 | — | — | — | — |
| 10 | Cenate Manufacturer of silicon anode materials for lithium-ion batteries | $872K FY2023 | $6M | 45 mo ago | 16 16 → 17 (+6%) · sector median +10% | 2015 | Martin Kirkengen Co-Founder & CTO | — | 26 patents Silicon‑carbon composite particles for high‑performance lithium‑ion battery anodes | — |
| 11 | Hyon Provider of hydrogen production and storage solutions | $596K FY2022 | — | 90 mo ago | 6 | 2017 | Tomas Tronstad Managing Director | — | — | — |
| 12 | Hynion Operator of hydrogen refueling stations for vehicles in Scandinavia | $439K FY2023 | $6M | 47 mo ago | 7 | 2019 | — | — | — | — |
Top 12 Energy Storage Tech companies in Norway
#1
Acquired · Nesttun, Hordaland Fylke · founded 2009 · 179 employees$28.2Mraised▾
Developer of energy storage systems (ESS) based on lithium NMC technology. It provides users with a company designed and built for industrial, commercial, and high power applications. It provide solutions for commercial hybrid and electric vessels. Vessels and equipment hybridized or fully electrified with the ESS, consume less fuel, operate more efficiently and effectively, and emit substantially fewer greenhouse gases.
- Oct 2025Series C$60M
- Jan 2024Series B—
- May 2020Grant (prize money)$743.9K
- Dec 2019Grant (prize money)$120.1K
#2
Series C · Oslo, Oslo · founded 2020 · 20 employees$31.9Mraised▾
Provider of hydrogen generation solutions using electrolyzers. The company leverages a proton exchange membrane (PEM) technology that enables green hydrogen to be produced at higher efficiencies.
- May 2025Series C$36M
- Oct 2024Grant (prize money)$28M
- Jan 2023Series B$26M
- Mar 2021Series A$5.9M
#3
Series A · Oslo, Oslo · founded 2016 · 10 employees$11.4Mraised▾
Developer of wireless microcontrollers designed for energy harvesting and battery operation. These microcontrollers offer power flexibility for various applications. The microcontrollers can be used in medical sensors, smart textiles, and smart buildings. They integrate radio, memory, and power management into a single package.
- Jun 2025Series A$5.7M
- Jan 2021Grant (prize money)$131.8K
- Nov 2020Grant (prize money)$2.5M
- 2020Grant (prize money)$3.1M
#4
Series B · Trondheim, Trondelag · founded 2017 · 13 employees$17.7Mraised▾
Provider of hydrogen generation solutions from renewable energy. It uses a palladium membrane technology to separate hydrogen from oxygen in a separator. It offers the solution to refineries, chemical plants, power generation companies, and more.
- Nov 2024Series B—
- May 2022Series B$17.7M
#5
Series D · Oslo, Oslo · founded 2020 · 17 employees$259Mraised▾
Manufacturer of battery cells for energy transition and storage solutions. The company focuses on developing sustainable battery technology for various applications. It produces battery cells and conducts research into future battery technologies. The organization aims to provide solutions for decarbonization, electrification, and sustainable energy systems.
- Sep 2023Series D$73.7M
- May 2023Series C$53.3M
- May 2022Series C$105.5M
- Sep 2021Series B$26.5M
#6
Funding Raised · Mo i Rana, Nordland · founded 2018 · 212 employees$131.8Mraised▾
Developer of a lithium-ion battery. It provides industrial-scale clean battery solutions to reduce global emissions.
- Jan 2024Grant (prize money)$110.5M
- Feb 2022Grant (prize money)—
- Mar 2021Grant (prize money)$16.6M
- Feb 2021Grant (prize money)$4.6M
#7
Series D · Asker, Viken · founded 2011 · 10 employees$131.1Mraised▾
Developer of thermal energy storage systems for industrial heat applications. These systems convert electricity into heat to supply steam or process heat for manufacturing operations. The technology utilizes solid-state storage modules to retain thermal energy, allowing for the delivery of heat on demand. This infrastructure integrates with existing boiler setups to provide a backup or primary heat source. The systems are designed to manage energy consumption by utilizing electricity when market prices are favorable. The modular units are constructed to handle high temperatures and pressures required for various industrial processes.
- May 2022Grant (prize money)$53.8K
- Apr 2021Series D$131.1M
- Dec 2019Grant (prize money)$1.6M
- Mar 2019Grant (prize money)—
#8
Public · Lysaker, Akershus · founded 2019 · 23 employees$21Mraised▾
Developer of proton exchange membrane-based fuel cell. Its fuel Cell is a modular hydrogen Proton Exchange Membrane fuel cell system specifically designed for heavy-duty marine applications offering emission-free propulsion by using hydrogen as fuel. It helps the maritime industry to reduce its emissions, such as exhaust gas cleaning and carbon capture systems for ships.
- Nov 2023Post IPO—
- Nov 2022Post IPO$10.1M
- Oct 2022Post IPO—
- Feb 2022Post IPO—
#9
Series C · Bergen, Vestland · founded 2020 · 70 employees$54.2Mraised▾
Developer of EV charging infrastructure. It provides cost-effective solutions for landowners, businesses, and local authorities to enable them to be key players in the provision of an EV charging infrastructure. It builds EV charging points across the globe and provides a solution with multiple finance, operational, maintenance, and profitability options.
- Jan 2023Series C$54.2M
#10
Seed · Sandnes, Rogaland · founded 2016 · 63 employees$33.9Mraised▾
Developer of battery cells and modules for industrial energy storage. The company delivers battery cells and modules designed for high-power industrial applications. These solutions cater to markets including grid and renewables, maritime, power backup, transportation, and charging. The company focuses on long cycle life, high power, and high energy density.
- Jan 2023Grant (prize money)$855.4K
- May 2021Grant (prize money)$895.2K
- Dec 2020Seed—
#11
Series B · Fornebu, Viken · founded 2008 · 19 employees$19Mraised▾
Provider of hydrogen generation solutions for natural gas and biogas. It offers ZEG Clean hydrogen solution that produces hydrogen from natural gas using ZEG ICC technology, ZEG Climate plus solution that is based on biogas, enabling the production of hydrogen and electric power.
- Sep 2022Series B$19M
- Jan 2018Grant (prize money)$204.9K
- Mar 2014Grant (prize money)—
#12
Seed · Oslo, Oslo · founded 2020 · 4 employees$9.2Mraised▾
Provider of energy storage systems. It offers battery energy storage systems based on repurposed EV batteries. It develops novel technologies for reassembly and operations to convert usable second-life EV batteries into modular plug-and-play battery storage systems.
- Nov 2022Conventional Debt$991.7K
- Nov 2022Seed$6.9M
- May 2022Grant (prize money)$1.2M
- Mar 2022Seed$2.1M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy Storage Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding flat · 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.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.