Best Sustainability Tech Companies in Norway
The 191 best Sustainability 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 Sustainability Tech sector has $714M in disclosed funding spread across 191 tracked companies, and the gap between the biggest filers and the rest is stark. eSmart Systems leads at $136M raised, Volue sits at $54M, and Heimdall Power has pulled in $29M. No unicorns yet, but the capital is clearly concentrating around grid intelligence and energy optimization. The global market these companies are chasing was valued at roughly $16.2B in 2022 and is forecast to reach $122.7B by 2032, a 23.8% CAGR that makes Norway's current funding pool look like early innings.
So what's driving the momentum here? Smart grid adoption and the broader push toward low-carbon infrastructure are the structural tailwinds, and Norway's industrial base, hydro dominance, and offshore energy expertise give local founders a real edge in credibility. The regulatory picture is genuinely uneven, though: the lack of clear green technology standards creates both friction and opportunity, depending on where you sit. Investors like Innovasjon Norge and Eviny Ventures are betting that friction resolves in favor of the builders. If you're mapping this space, recent moves in climate-focused seed rounds globally suggest capital appetite at the early stage is still firm. I'd watch the grid-tech cluster closely.
- MarketsandMarkets
Our analysis of 293 Sustainability Tech companies
$38.4b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Sustainability Tech companies in Norway
| # | Company | Disclosed funding | Revenue | Employees | Founded | Founder | Web popularity | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Loopfront Marketplace for procuring used building materials and furniture | $6M | $5M FY2021 | 25 | 2018 | Michael Curtis CEO | Top 10M | — | 2 job openings · 2 partnerships · 1 award |
| 2 | Heimdall Power Provider of real-time dynamic line rating and grid monitoring solutions | $29M | $3M FY2024 | 20 | 2015 | Jorgen Festervoll CEO | Top 10M | 19 patents Installation and monitoring of overhead power line equipment and grid control systems. | 2 partnerships |
| 3 | QuantaFuel Developer of technology upgrading plastic waste into valuable, recycled products | $22M | $2M FY2024 | 57 57 → 31 (-46%) · sector median +10% | 2014 | Kjetil Bohn CEO | — | 14 patents Converting waste plastic into hydrocarbon fuels via catalytic pyrolysis. | — |
| 4 | Chooose Provider of software for managing sustainable aviation fuel programs | $34M | $1M FY2020 | 16 | 2017 | Andreas Slettvoll Founder & Board Director | Top 5M | — | 1 launch |
| 5 | Caox Developer of technologies for carbon dioxide capture and mineral conversion | $274K | $1M FY2024 | — | 2023 | Ole Sandal CEO | — | — | — |
| 6 | Ducky Software solution to track climate action | $70K | $1M FY2021 | 16 16 → 28 (+75%) · sector median +10% | 2014 | Silje Strom Solberg Co-Founder & CEO | Top 5M | — | — |
| 7 | Nykode Therapeutics Developer of vaccines and immunotherapeutics for cancer and infectious diseases | $961K | $852K FY2024 | 102 102 → 73 (-28%) · sector median +10% | 2006 | Agnete Fredriksen Co-Founder & Chief Business Officer | Top 10M | 110 patents Protein-based immunogenic constructs and neoepitope vaccines for cancer and infectious disease therapy | — |
| 8 | Hyperthermics Developer of biotechnological facilities converting organic waste into renewable energy | $2M | $775K FY2024 | 9 | 2007 | Elias Liavaag CEO | — | 13 patents Patents concentrated in health & consumer products | — |
| 9 | Hammertech Provider of technology solutions to manage water production in oil wells | $865K | $435K FY2022 | 12 12 → 24 (+100%) · sector median +10% | 2009 | Kaare Lunde Chief Executive Officer | — | 20 patents Measuring water/ conductive content in multiphase fluid streams using sensors. | — |
| 10 | Viva Smart Home Provider of AI-enabled home automation & security solutions | $2M | $390K FY2022 | 8 | 2012 | — | — | — | — |
| 11 | ProfMOF Developer of metal organic frameworks | $2M | $178K FY2021 | 1 | 2015 | Karl Petter Lillerud Co-Founder | Top 50M | — | 1 launch |
| 12 | Sensorita Provider of data-driven waste management solutions | $80K | $143K FY2021 | 7 | 2020 | Emil Skar Co-Founder | — | — | — |
| 13 | Havkraft Developer of wave energy technology to generate clean electricity from ocean waves using its patented system | $580K | $107K FY2024 | 9 | 2009 | Geir Arne Solheim Founder | — | 42 patents Ocean wave energy conversion devices and methods for harnessing marine wave power | — |
| 14 | 7Analytics Provider of AI-based solutions for stormwater management | $2M | $102K FY2022 | 10 | 2018 | — | — | — | — |
| 15 | Kyoto Group Provider of thermal energy storage solutions for industrial process heat applications | $13M | $53K FY2023 | 21 21 → 48 (+129%) · sector median +10% | 2016 | — | Top 10M | 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 | $5M | $45K FY2022 | 206 | 2021 | Pratik Ghoshal Co-Founder | Top 10M | — | — |
| 17 | Greenbird Open source middle ware for integration of data from various devices | $11M | $37K FY2025 | 43 | 2010 | — | — | — | — |
| 18 | SurPlusMap Provider of asset mapping solutions for the renewable energy industry | $20K | $17K FY2021 | 5 | 2020 | Morten Blaauw Co-Founder | — | — | — |
| 19 | Olvondo Technology Manufacturer of high-temperature industrial heat pumps. | $1M | $17K FY2021 | 11 11 → 9 (-18%) · sector median +10% | 2016 | Stefano Vittor CEO & Managing Director | — | — | — |
| 20 | Material Mapper AI-based forecasting solution to map reusable building materials | $1M | $12K FY2022 | — | 2020 | Ieva Sibilla Strupule CEO/Co-founder | — | — | — |
| 21 | Volue Provider of data, forecasts, and software for energy market participants | $54M | — | 800 | 2020 | Trond Straume CEO | Top 5M | — | 1 launch · 1 partnership |
| 22 | eSmart Systems Provider of virtual grid asset inspection and digital inventory solutions | $136M | — | 69 69 → 96 (+39%) · sector median +10% | 2012 | Knut Gustavsen Co-Founder | — | 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 | Andrew Robbins Co-Founder & CEO | Top 50M | — | — |
| 24 | WindSim Provider of cloud-based software for wind energy simulation | $738K | — | 8 | 2005 | — | Top 50M | — | 1 launch |
| 25 | Glint Solar Cloud based design software for solar energy operators | $11M | — | 3 | 2020 | Harald Olderheim Co-Founder & CEO | Top 5M | — | — |
| 26 | Kvist Provider of construction services for sustainable green buildings | $2M | — | 9 | 2020 | Mathias Engevik Co-Founder | — | — | — |
| 27 | EnergyNest Developer of thermal energy storage systems for industrial heat applications | $131M | — | 10 | 2011 | — | Top 5M | 69 patents Modular high‑temperature thermal energy storage systems using molten‑salt/heat‑battery technology | 1 job opening · 1 partnership |
| 28 | Vind AI-assisted recruiting platform | $3M | — | — | 2022 | Hilde Njoten Co-Founder & CFO | Top 10M | — | — |
| 29 | Versiro Real-time multi-market decision support platform for electrical power assets | $2M | — | 5 | 2022 | Markus Loschenbrand Co-Founder | — | — | — |
| 30 | WindSpider Developer of crane technology for wind turbine installation and maintenance | $2M | — | — | 2020 | Kent Vinkel CEO | — | 6 patents Wind turbine tower construction, climber crane systems, and maintenance device integration. | 2 partnerships |
| 31 | MIRIS Developer of sustainable real estate development solutions | $124M | — | — | 2016 | Jan-Gunnar Mathisen Founder & CEO | — | — | — |
| 32 | Bergen Carbon Solutions Carbon-nanofiber from carbon dioxide | $34M | — | 30 30 → 24 (-20%) · sector median +10% | 2016 | Jan Borge Sagmo CEO | Top 50M | 9 patents Purifying and separating solid carbon and carbon nanomaterials for high‑purity applications. | 1 internship |
| 33 | Enode Provider of API enabling connection and control of distributed energy resources | $17M | — | 15 | 2019 | Thorvald Thorsnes Co-Founder & CRO | Top 5M | — | 2 partnerships |
| 34 | Wind Catching Systems Provider of offshore wind floating systems | $10M | — | 1 | 2017 | Arthur Kordt Co-Founder | Top 50M | 18 patents Floating offshore wind turbine platforms and multi‑turbine matrix array systems | — |
| 35 | Shoreline Provider of AI-powered platform for wind farm design and operations | $12M | — | 9 | 2014 | Ole-Erik Endrerud Founder & Chief Product Officer | — | 9 patents Simulation platforms for business process modeling and e‑commerce data analysis | 1 partnership |
| 36 | AION Provider of plastic recycling solutions | $4M | — | 5 | 2020 | — | Top 50M | — | 1 expansion |
| 37 | SoftOx Developer of topical antiseptic products for chronic wounds | $2M | — | 21 21 → 13 (-38%) · sector median +10% | 2012 | Geir Hermod Almas CEO | Top 10M | 11 patents Formulating and dispensing hypochlorous‑acid based disinfectants and biofilm treatments. | — |
| 38 | Crayonano Provider of graphene based nanowires for UV LEDs | $3M | — | 24 | 2012 | Knut Sandven Co-CEO | — | 67 patents Nanowire-based UV optoelectronic semiconductor devices and related contact structures | — |
| 39 | Defigo Provider of an IoT-enabled access control system for commercial buildings | $4M | — | 13 13 → 24 (+85%) · sector median +10% | 2014 | Joachim Stray Co-Founder & Group CEO | Top 10M | — | — |
| 40 | Birdsview Provider of infrastructure construction services | $2M | — | — | 2017 | Simen Husoy Co-Founder | — | — | — |
| 41 | Biowater Technology Technology solution for wastewater treatment | $6M | — | 34 | 2005 | Ilya Savva CEO | Top 50M | 26 patents Biological wastewater treatment reactors for contaminant removal | — |
| 42 | Norhybrid Renewables Provider of distributed energy solutions integrating wind, solar, and battery storage | $2M | — | 4 | 2020 | — | Top 50M | — | 1 launch |
| 43 | Prediktor Offering IoT solutions for industries to increase efficiency, sustainability and operational scalability | $3M | — | 40 | 1995 | Steinar Saeid Co-Founder & CTO | — | — | — |
| 44 | Airtight Sensor based solution for detailed analysis of energy waste for individual buildings | $2M | — | 5 | 2016 | Bjørnar Lie Co-Founder & CTO | — | 3 patents Detecting building envelope air leaks and automating ventilation control systems. | — |
| 45 | Yara Marine Provider of emission control systems for the maritime sector | $915K | — | 100 | 2010 | Thomas Koniordos CEO | — | 86 patents Patents concentrated in mechanical & energy engineering | — |
| 46 | Carbon Crusher Provider of carbon-negative roads using biopolymers and recycled materials | $500K | — | 15 | 2021 | Hans Flåto Founder/COO | Top 10M | — | — |
| 47 | Langlee Wave Power Near shore oscillating WEC | $1M | — | — | 2006 | Julius Espedal Co-Founder & CTO | — | 19 patents Marine wave energy conversion systems and offshore wave power generation devices | — |
| 48 | Empower Provides plastic waste cleaning services | $389K | — | 12 | 2018 | — | Top 50M | — | — |
| 49 | Prophylix Developer of antibodies for the treatment of fetal and neonatal alloimmune thrombocytopenia (FNAIT) | $863K | — | 4 | 2008 | Soren Weis Dahl Co-Founder & CEO | — | 2 patents Therapeutic antibodies targeting HPA-1a for platelet disorder treatment | — |
| 50 | RemovAid Developer of medical devices for the removal of sub-dermal implants | $117K | — | 5 | 2012 | Marte Bratlie Founder | — | 31 patents Surgical devices and methods for extracting subdermal medical implants | — |
Top 12 Sustainability 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
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
#8
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)—
#9
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
#10
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
#11
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
#12
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
Funding & investor landscape
Notable founders
How research on Climate Adaptation is moving in Norway
A read on the academic research around Climate Adaptation — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 113 Norway-affiliated papers.
- University of Oslo17
- University of Bergen12
- Norwegian University of Science and Technology12
- CICERO Center for International Climate Research11
- Vestlandsforsking8
- Flood myth4
- Climate change4
- Flooding (psychology)2
- Event (particle physics)1
- Perspective (graphical)1
- Climate change11
- Resilience (materials science)9
- Climate resilience6
- Vulnerability (computing)4
- Environmental resource management4
- Climate change4→39
- Climate risk1→12
- Risk management1→8
- Agriculture1→6
- Context (archaeology)2→6
Where climate adaptation 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.