# Top 17 Energy Startups in Norway by Funding (2026)

> The 17 best-funded energy startups in Norway, ranked by total funding raised: $718M combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/energy-startups-norway (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Vianode** Vianode is a producer of sustainably engineered battery materials.](https://millionrounds.com/company/vianode) Vianode is a producer of sustainably engineered battery materials. *Founded* 2020 Oslo, Norway **$475M** last round Nov 2025
- 2 [**INTEGRATED WIND SOLUTIONS AS** IWS AS is an offshore wind service company that intends to serve the offshore wind industry with a fleet of cutting-edge service vessels.](https://millionrounds.com/company/integrated-wind-solutions-as) IWS AS is an offshore wind service company that intends to serve the offshore wind industry with a fleet of cutting-edge service vessels. *Founded* 2020 Oslo, Norway **$65M** last round Jun 2024
- 3 [**eSmart System**](https://millionrounds.com/company/esmart-system) *Founded* - Norway **$33M** last round Oct 2024
- 4 [**Akastor** Akastor is a Norway-based oil-services investment company](https://millionrounds.com/company/akastor) Akastor is a Norway-based oil-services investment company *Founded* 2014 Lysaker, Norway **$31M** last round Sept 2023
- 5 [**Heimdall Power** Heimdall Power is a technology company based in Oslo, Norway, founded in 2016.](https://millionrounds.com/company/heimdall-power) Heimdall Power is a technology company based in Oslo, Norway, founded in 2016. *Founded* 2016 Oslo, Norway **$25M** last round Jul 2024
- 6 [**Photoncycle** Photoncycle is a renewable energy technology company based in Oslo Science Park, Norway.](https://millionrounds.com/company/photoncycle) Photoncycle is a renewable energy technology company based in Oslo Science Park, Norway. *Founded* 2020 Oslo, Norway **$17M** last round Mar 2026
- 7 [**Gen2 Energy** Gen2 Energy creates, runs, and manages a green hydrogen supply chain.](https://millionrounds.com/company/gen2-energy) Gen2 Energy creates, runs, and manages a green hydrogen supply chain. *Founded* 2019 Horten, Norway **$17M** last round Mar 2022
- 8 [**Otovo** Otovo is a marketplace for distributed energy installation.](https://millionrounds.com/company/otovo) Otovo is a marketplace for distributed energy installation. *Founded* 2016 Oslo, Norway **$10M** last round Oct 2026
- 9 [**Wind Catching Systems** Wind Catching Systems is a Norwegian renewable energy company founded in 2017, headquartered in Lysaker, Oslo.](https://millionrounds.com/company/wind-catching-systems) Wind Catching Systems is a Norwegian renewable energy company founded in 2017, headquartered in Lysaker, Oslo. *Founded* 2017 Lysaker, Norway **$10M** last round Jun 2022
- 10 [**Evyon** Evyon is a Norwegian cleantech company based in Oslo, founded in 2020.](https://millionrounds.com/company/evyon) Evyon is a Norwegian cleantech company based in Oslo, founded in 2020. *Founded* 2020 Oslo, Norway **$8.3M** last round Nov 2022
- 11 [**Hydrogen Mem-Tech** Hydrogen Mem-Tech is a Norwegian technology company based in Trondheim, specializing in advanced hydrogen separation solutions.](https://millionrounds.com/company/hydrogen-mem-tech) Hydrogen Mem-Tech is a Norwegian technology company based in Trondheim, specializing in advanced hydrogen separation solutions. *Founded* 2017 Trondheim, Norway **$6.6M** last round Oct 2024
- 12 [**EQON** EQON is a cleantech company based in Stavanger, Norway, founded in 2018.](https://millionrounds.com/company/eqon) EQON is a cleantech company based in Stavanger, Norway, founded in 2018. *Founded* 2018 Stavanger, Norway **$6.3M** last round Jun 2026
- 13 [**Varanger Kraft** Varanger Kraft is an energy company that specializes in the production and transmission of renewable electricity and energy products.](https://millionrounds.com/company/varanger-kraft) Varanger Kraft is an energy company that specializes in the production and transmission of renewable electricity and energy products. *Founded* 2019 Vadsø, Norway **$4.6M** last round Sept 2023
- 14 [**Wirescan** Wirescan AS is a Norwegian technology company based in Trollåsen, specializing in advanced cable condition monitoring and lifecycle management.](https://millionrounds.com/company/wirescan) Wirescan AS is a Norwegian technology company based in Trollåsen, specializing in advanced cable condition monitoring and lifecycle management. *Founded* 2005 Oslo, Norway **$4.3M** last round Jul 2014
- 15 [**Hark Technologies** Hark Technologies is a technology company that develops smart energy optimization solutions for households and commercial buildings.](https://millionrounds.com/company/hark-technologies) Hark Technologies is a technology company that develops smart energy optimization solutions for households and commercial buildings. *Founded* 2016 Oslo, Norway **$2.9M** last round Jun 2023
- 16 [**Hynion** Hynion is a hydrogen fuel company that offers to sell hydrogen fuel through hydrogen stations.](https://millionrounds.com/company/hynion) Hynion is a hydrogen fuel company that offers to sell hydrogen fuel through hydrogen stations. *Founded* - Høvik, Norway **$1.8M** last round Sept 2024
- 17 [**Cloudberry Clean Energy** Cloudberry Clean Energy engages in the development of hydropower plants and wind farms.](https://millionrounds.com/company/cloudberry-clean-energy) Cloudberry Clean Energy engages in the development of hydropower plants and wind farms. *Founded* 2015 Oslo, Norway **$76K** last round May 2025

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back energy startups in Norway in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More energy lists

[See all](https://millionrounds.com/top-lists?t=Energy)

[*CE* *C* *SE* **Energy startups worldwide** 1,800 companies · $129B](https://millionrounds.com/top-lists/energy-startups)[*CE* *C* *SE* **Energy startups in the United States** 741 companies · $110B](https://millionrounds.com/top-lists/energy-startups-united-states)[*N* *V* *S* **Energy startups in Europe** 607 companies · $39B](https://millionrounds.com/top-lists/energy-startups-europe)[*C* *ME* *W* **Energy startups that raised in 2026** 429 companies · $73B in 2026](https://millionrounds.com/top-lists/energy-startups-raised-2026)[*S* *RS* *C* **Energy startups in the United Kingdom** 206 companies · $15B](https://millionrounds.com/top-lists/energy-startups-united-kingdom)[*C* *ME* *W* **Energy startups in the United States that raised in 2026** 194 companies · $63B in 2026](https://millionrounds.com/top-lists/energy-startups-united-states-raised-2026)[*AE* *TE* *RS* **Energy startups founded in 2021** 111 companies · $8.5B](https://millionrounds.com/top-lists/energy-startups-founded-2021)[*V* *UC* *E* **Energy startups founded in 2020** 105 companies · $15B](https://millionrounds.com/top-lists/energy-startups-founded-2020)

## More lists for Norway

[See all](https://millionrounds.com/top-lists?r=Norway)

[*1T* *V* *O* **Startups in Norway** 295 companies · $5.5B](https://millionrounds.com/top-lists/startups-norway)[*1T* *C* *1* **AI startups in Norway** 35 companies · $1.5B](https://millionrounds.com/top-lists/ai-startups-norway)[*T* *M* *N* **IT Services startups in Norway** 25 companies · $102M](https://millionrounds.com/top-lists/it-services-startups-norway)[*A* *X* *S* **Big Data & Analytics startups in Norway** 20 companies · $287M](https://millionrounds.com/top-lists/big-data-startups-norway)[*SE* *N* *A* **Agtech startups in Norway** 18 companies · $197M](https://millionrounds.com/top-lists/agtech-startups-norway)[*U* *ES* *SR* **Software startups in Norway** 18 companies · $124M](https://millionrounds.com/top-lists/software-startups-norway)[*O* *CP* *AA* **Biotech startups in Norway** 15 companies · $387M](https://millionrounds.com/top-lists/biotech-startups-norway)[*LL* *H* *E* **Manufacturing startups in Norway** 13 companies · $139M](https://millionrounds.com/top-lists/manufacturing-startups-norway)