Best Environment Companies in Norway
The 256 best Environment companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Scatec Solar.
Norway's Environment sector has pulled in $1.7B in disclosed funding across 256 tracked companies, and the numbers make a clear case for why you should pay attention to who's actually leading the pack. Scatec sits at the top with $193M raised, followed by Otovo at $95M, with Alginor and Edda Wind each logging $38M. No unicorns yet, but the funding concentration is real. The global environmental services market was valued at roughly $68.8B in 2024 and is forecast to reach $73.5B by 2025, growing at a 5.3% CAGR, driven hard by tightening environmental regulations and climate mitigation mandates that are reshaping capital allocation across the sector.
What's pushing momentum here isn't just policy. Across 161 environment and renewables apps, median install growth is running at about +20% year-over-year, a signal that digital infrastructure around climate data and services is gaining real traction. I'd also flag that how external shifts shape startup strategy is increasingly a live operational question for founders in this space, not a theoretical one. Investors like Equinor, the EIC Fund, and the European Union are active backers here, which tells you something about the institutional confidence behind Norway's environmental build-out. So the ranking below leads with disclosed equity and recent funding momentum. Follow the capital.
- Research Reports World
Our analysis of 309 Environment companies
$75.8b in tracked funding; 79% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Environment companies in Norway
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Scatec Solar Independent solar producers | $949M | 67 mo ago | 778 | 2007 | Raymond Carlsen CEO | — | — | — |
| 2 | Scatec Developer of solar and wind energy projects | $193M | 31 mo ago | 778 778 → 1,420 (+83%) · sector median +40% | 2007 | Terje Pilskog Chief Executive Officer | 39 signals Earnings · Contracts · Announcements | — | 1 partnership · 1 expansion · 1 award |
| 3 | NorSun Provider of mono-crystalline-based silicon wafers for the solar energy industry | $100M | 34 mo ago | 228 | 2005 | Erik Løkke-Øwre Chief Executive Officer | — | — | — |
| 4 | Otovo Marketplace for residential solar panels | $95M | 3 mo ago | 149 149 → 256 (+72%) · sector median +40% | 2016 | Simen Jorgensen Co-Founder | 13 signals ▲333% Acquisition · M&A · Leadership | — | — |
| 5 | Fred. Olsen Windcarrier Offshore wind energy project installer | $85M | 71 mo ago | 10 | 2008 | — | 3 signals Contracts · Funding | — | — |
| 6 | Release Provider of solar design & installation services | $55M | 35 mo ago | 26 | 2019 | Hans Olav Kvalvaag CEO | 3 signals Contracts | — | — |
| 7 | Edda Wind Developer of solar and wind energy projects | $38M | 23 mo ago | 7 | 2015 | — | 21 signals ▲320% Acquisition · Leadership · M&A | — | — |
| 8 | Alginor Provider of water management services | $38M | 24 mo ago | 32 32 → 49 (+53%) · sector median +40% | 2014 | Thorleif Thormodsen Co-CEO | — | — | — |
| 9 | Aqualyng Developer of desalination solutions | $31M | 165 mo ago | 29 | 1989 | — | — | 9 patents Advanced fluid circuit geometry and high-efficiency heat exchangers for desalination and brine treatment | 1 job opening |
| 10 | ChapDrive Technology provider for wind turbines | $24M | 194 mo ago | — | 2006 | Asmund Furuseth Co-Founder & ex-CEO | — | 56 patents Hydrostatic transmission systems for wind turbine speed control and nacelle integration. | — |
| 11 | M Vest Water Provider of water treatment services | $12M | 61 mo ago | 13 13 → 16 (+23%) · sector median +40% | 2017 | Stein Giljarhus Chief Executive Officer | — | 67 patents Oil spill cleanup and liquid impurity removal using specialized absorbent compositions. | — |
| 12 | ECOsubsea Provider of underwater hull cleaning and inspection services for vessel operators | $12M | 32 mo ago | 17 | 2008 | Klaus Ostervold Co-Founder & CTO | — | 24 patents Patents concentrated in transport & manufacturing processes | — |
| 13 | Havgul Develops wind projects | $8M | 186 mo ago | 1 | 2007 | Emil Thorkildsen Co-Founder & Chairman | — | — | — |
| 14 | Norsk Renewables Developer of solar energy projects | $6M | 28 mo ago | — | 2017 | Lars Helvig Co-Founder | — | — | 1 partnership |
| 15 | Ocean Oasis Provider of water management services | $6M | 39 mo ago | 5 | 2020 | Kristine Bangstad Fredriksen Co-founder & CEO | — | 2 patents Fluid handling equipment for water treatment and processing systems | — |
| 16 | Photoncycle Provider of electricity generation, storage, consumption, and payment systems | $5M | 3 mo ago | 6 | 2020 | Bjorn Brandtzaeg Founder & CEO | 3 signals Funding · Capital raise | 5 patents Photovoltaic energy conversion and solar power generation systems | — |
| 17 | Emergy Developer of wind energy projects | $5M | 73 mo ago | 47 | 2004 | — | — | — | — |
| 18 | Inseanergy Provider of solar energy services | $3M | 28 mo ago | 10 | 2020 | — | — | 3 patents Floating offshore photovoltaic systems integrated with aquaculture facilities | 1 launch · 2 partnerships |
| 19 | Scanergy Developer of wind energy projects | $3M | 132 mo ago | 12 | 2006 | Tor Arne Pedersen CEO | — | — | — |
| 20 | Kitemill Renewable energy company pioneering airborne wind energy technology through high-altitude tethered kites | $3M | 22 mo ago | 9 | 2008 | Thomas Hårklau Founder | — | 15 patents Patents concentrated in mechanical & energy engineering | 2 partnerships |
| 21 | SkandiaEnergi Residential solar project developers | $2M | 110 mo ago | 25 | 2015 | Gunnar Norheim CEO | — | — | — |
| 22 | Kvist Provider of construction services for sustainable green buildings | $2M | 15 mo ago | 9 | 2020 | Mathias Engevik Co-Founder | — | — | — |
| 23 | Norhybrid Renewables Provider of distributed energy solutions integrating wind, solar, and battery storage | $2M | 60 mo ago | 4 | 2020 | — | — | — | 1 launch |
| 24 | Wastefront Provider of tires recycling services | $2M | 16 mo ago | 9 | 2019 | Inge Berge Co-Founder | — | 14 patents Upgrading tire pyrolysis outputs: carbon black surface functionalization and oil desulfurization. | — |
| 25 | WindSpider Developer of crane technology for wind turbine installation and maintenance | $2M | 23 mo ago | — | 2020 | Kent Vinkel CEO | — | 6 patents Wind turbine tower construction, climber crane systems, and maintenance device integration. | 2 partnerships |
| 26 | BRUDELI Green Mobility AS Provider of motor vehicle carbon dioxide reduction solutions | $1M | 30 mo ago | 4 | 2019 | — | — | 26 patents Electric vehicle powertrain systems, focusing on motor, battery and control integration. | — |
| 27 | Ocean Sun Developer of floater units for solar panels | $1M | 19 mo ago | 10 | 2016 | — | — | 88 patents Design and installation of utility‑scale and floating photovoltaic power generation systems. | 1 partnership |
| 28 | GRIN Provider of waste management services | $676K | 44 mo ago | 14 | 2018 | Daniel Millet Co-Founder | — | 6 patents Automated reverse vending machines for recyclable container collection and processing | — |
| 29 | Sunlit Sea Provider of floating solar panel solutions | $490K | 44 mo ago | 5 | 2019 | Per Lindberg Founder & CEO | — | — | — |
| 30 | cCHANGE Provider of sustainability transformation services. They offer a values- and research-based approach that… | $207K | 81 mo ago | 3 | 2013 | Karen Obrien Co-Founder | — | — | — |
| 31 | Offshore Kinetics Provider of offshore wind sector, combining proven technology and extensive experience in the industry | $124K | 100 mo ago | 3 | 2009 | — | — | — | — |
Top 12 Environment 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
Seed · Haugesund, Rogaland · founded 2014 · 32 employees$37.6Mraised▾
Provider of water management services
- Jun 2024Seed$37.6M
- Oct 2022Grant (prize money)$514.2K
- Nov 2020Grant (prize money)$2.6M
- Sep 2018Grant (prize money)$2.4M
#4
Public · Haugesund, Rogaland · founded 2015 · 7 employees$37.8Mraised▾
Developer of solar and wind energy projects
- Jun 2024Post IPO$37.8M
#5
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
#6
Seed · Oslo, Oslo · founded 2020 · 9 employees$2.3Mraised▾
Provider of construction services for sustainable green buildings
- Feb 2025Seed$1.4M
- Feb 2023Seed$1.7M
- Dec 2021Seed$614.6K
#7
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
#8
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
#9
Seed · Oslo, Oslo · founded 2019 · 9 employees$2Mraised▾
Provider of tires recycling services
- Jan 2025Seed—
- Nov 2022Grant (prize money)$2M
#10
Seed · Vanse, Agder · founded 2008 · 9 employees$2.5Mraised▾
Renewable energy company pioneering airborne wind energy technology through high-altitude tethered kites. Its systems use significantly less material than traditional wind turbines, deliver higher capacity factors, unlock new onshore and offshore wind sites, and offer relocatable, low-visibility solutions with reduced environmental impact.
- Jul 2024Grant (prize money)$2.7M
- Jan 2023Seed$2.5M
- Jan 2022Grant (prize money)$3.8M
- Sep 2021Grant (prize money)$58.2K
#11
Series C · Oslo, Oslo · founded 2019 · 26 employees$55Mraised▾
Operator of a renewable energy company headquartered in Oslo, Norway. The company designs, finances, and installs scalable solar power plants and battery storage and leases out the equipment on short or long-term contracts.
- Jul 2023Series C$55M
- Jul 2023Conventional Debt$47M
#12
Seed · Lysaker, Akershus · founded 2016 · 10 employees$1.4Mraised▾
Ocean Sun develops floater units for solar panels. The units contain a dual-glass solar PV panel, junction boxes, cables, a fixation membrane that offers thermal contact with water and others. Products include a 200kW circular floater unit, a 500kW circular floater unit, a 100kW rectangular floater and others. Also provides location analysis services.
- Nov 2024Grant (prize money)$364.4K
- Aug 2024Seed—
- Jan 2021Grant (prize money)$1M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Environment coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Environmental Monitoring is moving in Norway
A read on the academic research around Environmental Monitoring — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 230 Norway-affiliated papers.
- Norwegian Institute for Water Research31
- Norwegian University of Science and Technology27
- Norwegian University of Life Sciences16
- SINTEF15
- Equinor13
- Pollutant1→5
- Risk assessment1→4
- Contamination1→8
- Biodiversity1→5
- Sampling (signal processing)1→4
- Environmental impact assessment3→5
- Risk assessment3→4
- Arctic2→10
- Comparability1→4
- Biodiversity1→4
Where environmental monitoring 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.