Best Environment Tech Companies in Norway
The 177 best Environment Tech companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: eSmart Systems.
Norway's Environment Tech sector pulls $707M in disclosed funding across 177 tracked companies, and this directory ranks them by equity raised and recent momentum. No unicorns yet, but the capital concentration tells its own story.
eSmart Systems leads the field at $136M, a figure that dwarfs most peers by a factor of two or more. Volue sits second at $54M, Heimdall Power at $29M. So the top three alone account for a meaningful share of the entire pool. The global environment tech market was valued at roughly $552.1B in 2021 and is forecast to reach $690.3B by 2026, a 4.6% CAGR driven by tightening emissions regulations and accelerating demand for renewable infrastructure. I'd point you especially to the funding spread here: below the top tier, most companies are working with single-digit millions, which means the gap between Norway's funded leaders and the rest is wide. Investors like Innovasjon Norge and Eviny Ventures are active across the cohort, but the real question is which sub-$15M companies convert early-stage bets into revenue before the next funding cycle tightens. Median app install growth of roughly 20% year-over-year across 161 environmental and renewables apps signals that end-user adoption is real, not projected.
- MarketsandMarkets
Our analysis of 241 Environment Tech companies
$25.6b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Environment Tech companies in Norway
| # | Company | Revenue | Disclosed funding | Employees | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Nel Hydrogen Manufacturer of electrolyser technology for renewable hydrogen production and related services | $168M FY2023 | — | 673 | 1927 | WordPressMySQLPHP+27 | 42 patents Advanced alkaline electrolysis cell stack design, leak detection, and purification technologies. | 1 partnership · 1 expansion |
| 2 | Loopfront Marketplace for procuring used building materials and furniture | $5M FY2021 | $6M | 25 | 2018 | HubSpot CMS HubMaterial Design LiteEnvoy+20 | — | 2 job openings · 2 partnerships · 1 award |
| 3 | Heimdall Power Provider of real-time dynamic line rating and grid monitoring solutions | $3M FY2024 | $29M | 20 | 2015 | WordPressMySQLRedis+36 | 19 patents Installation and monitoring of overhead power line equipment and grid control systems. | 2 partnerships |
| 4 | QuantaFuel Developer of technology upgrading plastic waste into valuable, recycled products | $2M FY2024 | $22M | 57 57 → 31 (-46%) · sector median +57% | 2014 | — | 14 patents Converting waste plastic into hydrocarbon fuels via catalytic pyrolysis. | — |
| 5 | Chooose Provider of software for managing sustainable aviation fuel programs | $1M FY2020 | $34M | 16 | 2017 | SanityNode.jsTailwind CSS+26 | — | 1 launch |
| 6 | Caox Developer of technologies for carbon dioxide capture and mineral conversion | $1M FY2024 | $274K | — | 2023 | — | — | — |
| 7 | Ducky Software solution to track climate action | $1M FY2021 | $70K | 16 16 → 28 (+75%) · sector median +57% | 2014 | SentryFirebasestyled-components+10 | — | — |
| 8 | Hyperthermics Developer of biotechnological facilities converting organic waste into renewable energy | $775K FY2024 | $2M | 9 | 2007 | — | 13 patents Patents concentrated in health & consumer products | — |
| 9 | Hammertech Provider of technology solutions to manage water production in oil wells | $435K FY2022 | $865K | 12 12 → 24 (+100%) · sector median +57% | 2009 | — | 20 patents Measuring water/ conductive content in multiphase fluid streams using sensors. | — |
| 10 | Viva Smart Home Provider of AI-enabled home automation & security solutions | $390K FY2022 | $2M | 8 | 2012 | — | — | — |
| 11 | ProfMOF Developer of metal organic frameworks | $178K FY2021 | $2M | 1 | 2015 | WordPressMySQLPHP+14 | — | 1 launch |
| 12 | Sensorita Provider of data-driven waste management solutions | $143K FY2021 | $80K | 7 | 2020 | — | — | — |
| 13 | Havkraft Developer of wave energy technology to generate clean electricity from ocean waves using its patented system | $107K FY2024 | $580K | 9 | 2009 | — | 42 patents Ocean wave energy conversion devices and methods for harnessing marine wave power | — |
| 14 | 7Analytics Provider of AI-based solutions for stormwater management | $102K FY2022 | $2M | 10 | 2018 | — | — | — |
| 15 | Kyoto Group Provider of thermal energy storage solutions for industrial process heat applications | $53K FY2023 | $13M | 21 21 → 48 (+129%) · sector median +57% | 2016 | HubSpot CMS HubJavaLinkedin Sign-in+16 | 7 patents Solar thermal power plant components: flow systems, thermal storage, and heliostat optics | 1 partnership |
| 16 | Skyfri Provider of solar power plant management solutions | $45K FY2022 | $5M | 206 | 2021 | WebflowApple iCloud MailMicrosoft 365+15 | — | — |
| 17 | Greenbird Open source middle ware for integration of data from various devices | $37K FY2025 | $11M | 43 | 2010 | — | — | — |
| 18 | SurPlusMap Provider of asset mapping solutions for the renewable energy industry | $17K FY2021 | $20K | 5 | 2020 | — | — | — |
| 19 | Olvondo Technology Manufacturer of high-temperature industrial heat pumps. | $17K FY2021 | $1M | 11 11 → 9 (-18%) · sector median +57% | 2016 | — | — | — |
| 20 | Material Mapper AI-based forecasting solution to map reusable building materials | $12K FY2022 | $1M | — | 2020 | — | — | — |
| 21 | Volue Provider of data, forecasts, and software for energy market participants | — | $54M | 800 | 2020 | DatoCMSTurbopackApple iCloud Mail+26 | — | 1 launch · 1 partnership |
| 22 | eSmart Systems Provider of virtual grid asset inspection and digital inventory solutions | — | $136M | 69 69 → 96 (+39%) · sector median +57% | 2012 | — | 2 patents Machine learning data classification using dynamic vector partitioning techniques | — |
| 23 | Aqualung Carbon Capture Developer of membrane technology for carbon dioxide capture and separation | — | $10M | 1 | 2021 | WordPressMySQLPHP+17 | — | — |
| 24 | WindSim Provider of cloud-based software for wind energy simulation | — | $738K | 8 | 2005 | WordPressMySQLPHP+24 | — | 1 launch |
| 25 | Glint Solar Cloud based design software for solar energy operators | — | $11M | 3 | 2020 | HubSpot CMS HubPlyrAmazon Web Services+16 | — | — |
| 26 | EnergyNest Developer of thermal energy storage systems for industrial heat applications | — | $131M | 10 | 2011 | WordPressMySQLPHP+30 | 69 patents Modular high‑temperature thermal energy storage systems using molten‑salt/heat‑battery technology | 1 job opening · 1 partnership |
| 27 | Vind AI-assisted recruiting platform | — | $3M | — | 2022 | WebflowApple iCloud MailGoogle Workspace+17 | — | — |
| 28 | Versiro Real-time multi-market decision support platform for electrical power assets | — | $2M | 5 | 2022 | — | — | — |
| 29 | WindSpider Developer of crane technology for wind turbine installation and maintenance | — | $2M | — | 2020 | — | 6 patents Wind turbine tower construction, climber crane systems, and maintenance device integration. | 2 partnerships |
| 30 | MIRIS Developer of sustainable real estate development solutions | — | $124M | — | 2016 | — | — | — |
| 31 | Bergen Carbon Solutions Carbon-nanofiber from carbon dioxide | — | $34M | 30 30 → 24 (-20%) · sector median +57% | 2016 | SanitySentryApple iCloud Mail+15 | 9 patents Purifying and separating solid carbon and carbon nanomaterials for high‑purity applications. | 1 internship |
| 32 | Enode Provider of API enabling connection and control of distributed energy resources | — | $17M | 15 | 2019 | SanitySentryZendesk+20 | — | 2 partnerships |
| 33 | Wind Catching Systems Provider of offshore wind floating systems | — | $10M | 1 | 2017 | Cart FunctionalitySquarespace CommerceSquarespace+18 | 18 patents Floating offshore wind turbine platforms and multi‑turbine matrix array systems | — |
| 34 | Shoreline Provider of AI-powered platform for wind farm design and operations | — | $12M | 9 | 2014 | — | 9 patents Simulation platforms for business process modeling and e‑commerce data analysis | 1 partnership |
| 35 | AION Provider of plastic recycling solutions | — | $4M | 5 | 2020 | HubSpot CMS HubMicrosoft ClarityLinkedin Insight Tag+15 | — | 1 expansion |
| 36 | Crayonano Provider of graphene based nanowires for UV LEDs | — | $3M | 24 | 2012 | — | 67 patents Nanowire-based UV optoelectronic semiconductor devices and related contact structures | — |
| 37 | Defigo Provider of an IoT-enabled access control system for commercial buildings | — | $4M | 13 13 → 24 (+85%) · sector median +57% | 2014 | WebflowVimeoTypekit+22 | — | — |
| 38 | Birdsview Provider of infrastructure construction services | — | $2M | — | 2017 | — | — | — |
| 39 | Biowater Technology Technology solution for wastewater treatment | — | $6M | 34 | 2005 | WordPressMySQLPHP+26 | 26 patents Biological wastewater treatment reactors for contaminant removal | — |
| 40 | Norhybrid Renewables Provider of distributed energy solutions integrating wind, solar, and battery storage | — | $2M | 4 | 2020 | Wix eCommerceWixSentry+18 | — | 1 launch |
| 41 | Prediktor Offering IoT solutions for industries to increase efficiency, sustainability and operational scalability | — | $3M | 40 | 1995 | — | — | — |
| 42 | Airtight Sensor based solution for detailed analysis of energy waste for individual buildings | — | $2M | 5 | 2016 | — | 3 patents Detecting building envelope air leaks and automating ventilation control systems. | — |
| 43 | Yara Marine Provider of emission control systems for the maritime sector | — | $915K | 100 | 2010 | — | 86 patents Patents concentrated in mechanical & energy engineering | — |
| 44 | Carbon Crusher Provider of carbon-negative roads using biopolymers and recycled materials | — | $500K | 15 | 2021 | Webflow EcommerceWebflowGSAP+20 | — | — |
| 45 | Langlee Wave Power Near shore oscillating WEC | — | $1M | — | 2006 | — | 19 patents Marine wave energy conversion systems and offshore wave power generation devices | — |
| 46 | Empower Provides plastic waste cleaning services | — | $389K | 12 | 2018 | HubSpot CMS HubEnvoySplide+16 | — | — |
Top 12 Environment Tech companies in Norway
#1
Public · Oslo, Oslo · founded 2020 · 800 employees$54Mraised▾
Provider of data, forecasts, and software for energy market participants. The company offers solutions for trading, optimization, planning, and asset operations. It also provides a portfolio supporting distribution system operators in planning and optimizing energy grids. The company delivers actionable energy market insights and a platform for automated, multi-market energy trading.
- Feb 2026Post IPO—
- Oct 2020Series C$54M
#2
Series B · Halden, Viken · founded 2012 · 69 employees$136Mraised▾
Provider of virtual grid asset inspection and digital inventory solutions. The company offers image-based digital inventory and grid asset intelligence services. It delivers digital approvals and access permits. The company partners with power grid operators to advance asset risk mitigation strategies. It helps identify vulnerabilities and uses data analytics to locate assets in high-risk zones. The company equips field teams with visual and risk-based data before deployment. It offers inspection-as-a-service and software-as-a-service for grid digitalization.
#3
Series A · Oslo, Oslo · founded 2021 · 1 employees$10Mraised▾
Developer of membrane technology for carbon dioxide capture and separation. The technology aims to reduce greenhouse gas emissions from heavy industry. It offers a carbon capture solution for industrial emitters and fuel sources. The patented membrane technology is ready for commercialization. The units are scalable modular solutions for retrofitting onto existing sites. The technology is absorbent-free and environmentally friendly.
- Apr 2025Series A—
- May 2022Series A$10M
#4
Seed · Tonsberg, Vestfold and Telemark · founded 2005 · 8 employees$738Kraised▾
Provider of cloud-based software for wind energy simulation. The company offers WindSim - a simulator that optimizes energy production from wind turbines. and WindSim Express - a CFD-based micro-siting solution. The company also offers consulting and training related to the use of WindSim.
- Dec 2025Seed—
- Nov 2007Seed$738K
#5
Series B · Bergen, Vestland · founded 2015 · 20 employees$28.6Mraised▾
Provider of real-time dynamic line rating and grid monitoring solutions. The company offers technology to unlock capacity and meet growing demand on power grids. It provides tools for mitigating outages with forecasting and flexibility. The company’s technology detects environmental conditions to protect and reinforce grid assets. It also offers solutions to simplify compliance within transmission and distribution operations.
- Jul 2024Series B$25M
- Oct 2019Series A$3.6M
- Apr 2018Seed—
- Aug 2017Seed—
#6
Series A · Oslo, Oslo · founded 2020 · 3 employees$11Mraised▾
Cloud based design software for solar energy operators. It is a software platform designed for utility-scale solar developers to optimize project workflows. The platform allows users to manage, collaborate, and streamline projects for greenfield solar development. The platform enables users to analyze and identify a solar site. It allows users to generate 3D project visualizations with elevation profiling. It enables users to track pipeline process and identify blockers in real time.
- Nov 2024Series A$8M
- Jun 2022Seed$3M
#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
Seed · Oslo, Oslo · founded 2022$3.3Mraised▾
Vind.ai is an AI-assisted recruiting platform. It automatically collects applicant information from public and social profiles and qualifies them. It then assigns scores and ranks applicants to prioritize engaging with the candidates for the job. It also provides analytics on the hiring funnel. Also offered is a chatbot that will engage applicants for pre-qualification.
- Sep 2024Seed$3.3M
#9
Seed · Trondheim, Trondelag · founded 2022 · 5 employees$2.5Mraised▾
Real-time multi-market decision support platform for electrical power assets. It integrates into the work-flows without sharing asset data and help users make decisions in the electricity markets.
- Jul 2024Seed$2.5M
#10
Funding Raised · Stavanger, Rogaland · founded 2023$274.4Kraised▾
Developer of technologies for carbon dioxide capture and mineral conversion. The company provides patented technologies to capture carbon dioxide and convert it into a non-toxic, storable mineral. It focuses on carbon capture, utilization, and storage solutions. The company aims to revolutionize carbon management and combat climate change.
- May 2025Grant (prize money)$274.4K
#11
Funding Raised · Sandnes, Rogaland · founded 2020$1.7Mraised▾
Developer of crane technology for wind turbine installation and maintenance. The company provides solutions for installing, maintaining, re-powering, and decommissioning wind turbines. The technology utilizes the wind turbine tower as part of the crane structure. The systems are scalable, flexible, and modular.
- Jul 2024Grant (prize money)$1.7M
#12
Series A · Oslo, Oslo · founded 2017 · 16 employees$34Mraised▾
Provider of software for managing sustainable aviation fuel programs. The software offers integrated tools to manage all aspects of a sustainable aviation fuel program, from planning and procurement to reporting and scaling. It is designed to be adaptable to the evolving landscape of carbon initiatives within the aviation and freight industries. The platform facilitates collaboration across the value chain, enabling the scaling of lower-carbon fuel use and supporting net-zero objectives.
- Jan 2023Series A$15M
- Jul 2022Series A—
- Nov 2021Series A—
- Jul 2019Seed$4M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Environment Tech 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.