About Energy sector in Norway
The Energy sector in Norway comprises 742 companies, including 287 funded companies having collectively raised $21.8B in venture capital money and private equity. Out of these, 209 are Series A+ funded.
Energy sector in Norway has seen 124 acquisitions and 62 IPOs. This represents almost 25.1% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes companies which are involved in the production and distribution of energy and power.
Companies included in Energy
It includes traditional companies which are involved in the production and distribution of non renewable and renewable energy as well as oil & gasCompanies excluded in Energy
It excludes companies providing software solutions to the energy industry stakeholders to manage, optimize and trade power. It also includes companies providing tech-heavy hardware for energy generation and smart products to optimize the use of energy.Top Energy Companies in Norway
There are more than 742 companies in Energy in Norway. Settle is the top Energy company in Norway, ranked using Tracxn Score (what's this?).
Here are 5 of the top Energy companies in Norway:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
App-based wallet for consumers | Oslo (Norway) | 2018 | Acquired | - | |
Offers composite pressure cylinder technology for a wide range of mobility and storage applications | Alesund (Norway) | 2008 | Public | - | |
Provider of oil & gas exploration and production services | Lysaker (Norway) | 2001 | Public | - | |
Independent solar producers | Oslo (Norway) | 2007 | Public | - | |
Wallet-based payment and money transfer solution for consumers and businesses | Oslo (Norway) | 2015 | Unfunded | - |
Companies founded year-on-year in the Energy sector in Norway
40 Energy startups in Norway were founded in 2016 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 1 |
2023 | 7 |
2022 | 16 |
2021 | 23 |
2020 | 29 |
2019 | 29 |
2018 | 23 |
2017 | 26 |
2016 | 40 |
Stage-wise distribution of Energy sector companies in Norway
Out of the total 742 Energy companies in Norway, 287 have secured funding. Among them, 209 have reached Series A or higher, and 197 to Series B or beyond.
Founded - 742
Funded - 287
Series A+ - 209
Series B+ - 197
Series C+ - 196
Company Stage | No. of companies |
|---|---|
Founded | 742 |
Funded | 287 |
Series A+ | 209 |
Series B+ | 197 |
Series C+ | 196 |
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Funding Trends in the Energy sector in Norway
Total funding year-on-year in the Energy sector in Norway
The Energy sector in Norway saw a total funding of more than $19.9B in the last 10 years. The most amount of funding was in 2021 at more than $6.47B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $442M |
2024 | $2.26B |
2023 | $372M |
2022 | $148M |
2021 | $6.47B |
2020 | $531M |
2019 | $4.85B |
2018 | $2.28B |
2017 | $1.98B |
Recent Funding Rounds in Energy in Norway
In the year 2025, till December 2025, Energy companies in Norway have raised $106M in equity funding across 3 rounds.
In the same period last year (i.e. till December 2024), Energy companies in Norway had raised $16.2M across 7 rounds.
So, 2025 has seen a 555.19% rise in funding in Energy companies in Norway as compared to 2024.
Here are some recent, important funding rounds in Energy companies in Norway:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 6064 | Dec 15, 2025 | ||
Series A | 8141 | Nov 27, 2025 | ||
Series C | 9229 | Jan 29, 2025 | - | |
Seed | 2249 | Dec 18, 2024 | ||
Seed | 6482 | Aug 19, 2024 |
Top Investors in Energy in Norway
Norfund is the top investor in Energy companies in Norway based on number of companies invested.
Here are some top investors in Energy companies in Norway:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Oslo (Norway) | ||
Stavanger (Norway) | ||
Stavanger (Norway) | ||
Stavanger (Norway) | ||
Oslo (Norway) |
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M&A activity in Energy sector in Norway
In the year 2025, till December 2025, 8 acquisitions happened in Energy sector in Norway. Last year, in 2024, a total of 8 acquisitions happened in Energy sector in Norway.
Here are some recent, important acquisitions in Energy sector in Norway:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Oct 22, 2025 | ||
Business Acquisition | Aug 15, 2025 | ||
Business Acquisition | Jun 10, 2025 | ||
Business Acquisition | May 07, 2025 |
Acquisition trends in Energy sector in Norway
Here are the acquisition trends in Energy sector in Norway:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 5 |
2024 | 8 |
2023 | 13 |
2022 | 8 |
2021 | 9 |
2020 | 4 |
2019 | 10 |
2018 | 7 |
2017 | 4 |
2016 | 3 |
IPOs in Energy in Norway
In the year 2025, till December 2025, 5 IPOs happened in Energy sector in Norway.
Here are some recent, important IPOs in Energy sector in Norway:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 19, 2025 | Oslo Stock Exchange (OSLO BORS) | |
Dec 18, 2025 | Oslo Stock Exchange (OSLO BORS) | |
Jun 20, 2025 | Euronext Exchange (Euronext) | |
May 16, 2025 | Oslo Stock Exchange (Oslo) | |
Feb 03, 2025 | Euronext Exchange (Euronext) |
Colleges which produce the most Energy companies in Norway
Companies founded by alumni from top colleges in the Energy in Norway
Most number of Energy startups in Norway have been founded by alumni from Imperial College London, Kellogg School of Management and London Business School (LBS).
College | No. of companies |
|---|---|
Imperial College London | 1 |
Kellogg School of Management | 1 |
London Business School (LBS) | 1 |
London School of Economics and Political Science | 1 |
University of Cambridge | 1 |
University of Warwick | 1 |
Total funding in Energy companies founded by alumni from top colleges in Norway
In the last 10 years, London School of Economics and Political Science graduates' Energy companies in Norway have raised the most funding among top colleges. London Business School (LBS) and University of Cambridge alumni are second.
College | Total Funding |
|---|---|
London School of Economics and Political Science | $80.7M |
London Business School (LBS) | $74.8M |
University of Cambridge | $74.8M |
University of Warwick | $10.7M |
Imperial College London | $1.39M |
Kellogg School of Management | $1.39M |
Top News in Energy in Norway
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Equinor prepares to start delayed deepwater project offshore BrazilWorld Oil•Oct 10, 2025•Equinor, ExxonMobil
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BW LNG completes sub-cooler retrofit on LNG carrier BW Pavilion ArandaPortNews•Oct 07, 2025•BW Group
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Biocarbon Solör Bioenergi enters into biochar production collaboration in SwedenBioenergy International•Oct 02, 2025•Solor Bioenergy Group
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Equinor and Partners Boost Åsgard Production with Subsea Compressors UpgradeOedigital•Sep 26, 2025•Equinor
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Equinor halts non-critical activity at Mongstad oil refinery after fatal accidentSeeking Alpha•Sep 18, 2025•Equinor
