Best Solar Energy Companies in Norway
The 52 best Solar Energy companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Scatec Solar.
- Future of Solar Energy Brighter Than Sun: Rapid Innovations Pave the W
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Our analysis of 100 Solar Energy companies
$30.5b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Solar Energy companies in Norway
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Scatec Solar Independent solar producers | $949M | 69 mo ago | Public | Raymond Carlsen CEO | 2007 | — | — | — | — |
| 2 | Scatec Developer of solar and wind energy projects | $193M | 33 mo ago | Public | Terje Pilskog Chief Executive Officer | 2007 | WordPressMySQLPHP+23 | 37 signals ▲19% Earnings · Contracts · Announcements | — | 1 partnership · 1 expansion · 1 award |
| 3 | NorSun Provider of mono-crystalline-based silicon wafers for the solar energy industry | $100M | 35 mo ago | Series C | Erik Løkke-Øwre Chief Executive Officer | 2005 | WebflowMicrosoft 365jQuery+7 | — | — | — |
| 4 | Otovo Marketplace for residential solar panels | $95M | 4 mo ago | Public | Simen Jorgensen Co-Founder | 2016 | SentryZendeskNode.js+22 | 13 signals ▲333% Acquisition · M&A · Leadership | — | — |
| 5 | Release Provider of solar design & installation services | $55M | 36 mo ago | Series C | Hans Olav Kvalvaag CEO | 2019 | WordPress Block EditorWordPressMySQL+17 | 3 signals Contracts | — | — |
| 6 | Norsk Renewables Developer of solar energy projects | $6M | 29 mo ago | Series A | Lars Helvig Co-Founder | 2017 | WebflowMicrosoft 365jsDelivr+9 | — | — | 1 partnership |
| 7 | Photoncycle Provider of electricity generation, storage, consumption, and payment systems | $5M | 4 mo ago | Series A | Bjorn Brandtzaeg Founder & CEO | 2020 | RubyAnimate.cssTailwind CSS+13 | 3 signals Funding · Capital raise | 5 patents Photovoltaic energy conversion and solar power generation systems | — |
| 8 | Inseanergy Provider of solar energy services | $3M | 29 mo ago | Seed | — | 2020 | — | — | 3 patents Floating photovoltaic systems for aquaculture and offshore renewable energy installations. | 1 partnership |
| 9 | SkandiaEnergi Residential solar project developers | $2M | 111 mo ago | Seed | Gunnar Norheim CEO | 2015 | Cart FunctionalitySquarespace CommerceSquarespace+17 | — | — | — |
| 10 | Norhybrid Renewables Provider of distributed energy solutions integrating wind, solar, and battery storage | $2M | 61 mo ago | Seed | — | 2020 | Wix eCommerceWixSentry+18 | — | — | 1 launch |
| 11 | Ocean Sun Developer of floater units for solar panels | $1M | 20 mo ago | Seed | — | 2016 | WordPressMySQLPHP+21 | — | 88 patents Design and installation of utility‑scale photovoltaic power plants, including floating systems. | 1 partnership |
| 12 | Sunlit Sea Provider of floating solar panel solutions | $490K | 45 mo ago | Funding Raised | Per Lindberg Founder & CEO | 2019 | — | — | — | — |
Top 12 Solar 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 · 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
#4
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
#5
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
#6
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
#7
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
#8
Series A · Stavanger, Rogaland · founded 2017$6.4Mraised▾
Norsk Renewables is a Norway-based renewable energy provider, formerly known as Norsk Solar, focused on making the shift to renewable energy effortless. They are vertically integrated and operate independently as an independent power producer. Their efforts include developing, financing, building, owning, and operating solar projects.
- Feb 2024Series A$3.4M
- Apr 2021Seed$2.9M
#9
Seed · Alesund, More og Romsdal · founded 2020 · 10 employees$2.9Mraised▾
Provider of green energy intended to make the aquaculture sector self-sufficient. The company generates renewable energy solutions through floating solar plants built on recycled pens that will develop zero-emission systems, enabling fish farms self-sufficient in energy.
- Feb 2024Seed$2.9M
#10
Seed · Skien, Vestfold and Telemark · founded 2020 · 4 employees$2Mraised▾
Provider of distributed energy solutions integrating wind, solar, and battery storage. The company develops vertical axis wind turbines and provides renewable energy systems. These systems are suitable for rural, urban, and industrial applications. The company optimizes energy use, storage, and grid interaction. It offers solutions tailored to customer needs.
- May 2021Grant (prize money)$1M
- May 2021Seed$2M
#11
Funding Raised · Trondheim, Trondelag · founded 2019 · 5 employees$490.1Kraised▾
Provider of floating solar panel solutions. The panels include junction boxes for movement, sensors, heat conductive aluminum float, custom sealants, and more.
- Oct 2022Grant (prize money)$490.1K
#12
Seed · Kristiansand, Agder · founded 2015 · 25 employees$2.5Mraised▾
Skandia GreenPower AS is a provider of electricity in the private retail market. It also offers end-to-end solar cell solutions for roofs. The company generates the majority of its revenue from the domestic market.
- Apr 2017Seed$2.5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Solar Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Solar Photovoltaics is moving in Norway
A read on the academic research around Solar Photovoltaics — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 256 Norway-affiliated papers.
- Norwegian University of Science and Technology60
- SINTEF27
- Integrated Optoelectronics24
- University of Oslo20
- National Institute of Technology16
- Photovoltaic system1→26
- Solar cell1→6
- Energy conversion efficiency1→5
- Photovoltaic system1→41
- Renewable energy1→30
- Thermal energy storage1→10
- Solar cell1→10
- Parabolic trough1→7
- Solar energy21
- Photovoltaic system17
- Renewable energy10
- Electricity4
- Energy storage3
Where solar pv 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.