Funded Energy Startups in Norway
Norwegian energy funding in this snapshot spans from Heaten (Mandal) in 2021-06-01 to ONiO (Oslo) in 2025-06-18 (23 rows total).
Norwegian energy funding in this snapshot spans from Heaten (Mandal) in 2021-06-01 to ONiO (Oslo) in 2025-06-18 (23 rows total). The largest disclosed round is BW Energy’s $400M on 2025-03-28, which dwarfs every other disclosed amount here; the next-largest disclosed figures are Arva at $48M (2024-03-01) and Hexagon Purus at $77M (2023-03-01), with most other disclosed rounds clustered well below $20M.
City and timing concentrate as well: Oslo appears repeatedly (ONiO 2025-06-18; Lithium367 2025-04-01; Ocean Oasis 2024-08-28; Kyoto Group 2023-06-22; Aqualung Carbon Capture 2023-02-22; NEL Hydrogen 2022-10-04; Skyfri 2022-07-08; Glint Solar 2022-06-12; Hyon 2022-01-21), while Stavanger/Rogaland also shows multiple entries (Installer 2025-03-04; Starflow 2024-10-23; Remora Robotics 2023-08-21; ECOsubsea 2023-10-03). Stages are also heavy on “Series Unknown” (10 of 23 rows), and there are two undisclosed amounts (Deep Wind Offshore 2023-09-07; Aqualung Carbon Capture 2023-02-22).
Most recent rounds
23 shownRelated listings
Frequently asked
What’s the largest disclosed round in Norway’s energy deals here, and how extreme is it versus the rest?
BW Energy’s disclosed $400M round on 2025-03-28 is an outlier; the next-largest disclosed amounts are Hexagon Purus at $77M (2023-03-01) and Arva at $48M (2024-03-01), while most other disclosed rounds fall below $20M (for example, ONiO $6M on 2025-06-18 and Installer $4M on 2025-03-04).
Do deals cluster in a narrow time window in this most-recent 23-row view?
There’s a clear recent cluster: three entries close between 2025-03-04 and 2025-04-01 (Installer $4M on 2025-03-04, BW Energy $400M on 2025-03-28, Lithium367 $500K on 2025-04-01), with the most recent round at ONiO on 2025-06-18.
Which cities show the highest concentration across the list?
Oslo is the dominant city by repetition (ONiO 2025-06-18; Lithium367 2025-04-01; Ocean Oasis 2024-08-28; Kyoto Group 2023-06-22; Aqualung Carbon Capture 2023-02-22; NEL Hydrogen 2022-10-04; Skyfri 2022-07-08; Glint Solar 2022-06-12; Hyon 2022-01-21). Stavanger/Rogaland is the other frequent cluster (Installer 2025-03-04; Starflow 2024-10-23; Remora Robotics 2023-08-21; ECOsubsea 2023-10-03).
How does stage labeling look—does 'Series Unknown' or specific stages dominate?
“Series Unknown” appears in 10 of the 23 rows, making it the largest stage bucket; examples include BW Energy ($400M) on 2025-03-28 and Ocean Oasis ($7M) on 2024-08-28. Named stages recur less often: Seed (Installer $4M on 2025-03-04; Remora Robotics $3M on 2023-08-21; Glint Solar $3M on 2022-06-12) and Convertible Note (Skyfri $5M on 2022-07-08; Hyon $6M on 2022-01-21).
Are there size outliers on the low end worth noting, besides the big $400M round?
The smallest disclosed amount is Lithium367’s $500K on 2025-04-01, which sits far below most other disclosed rounds (for instance, $2M Starflow on 2024-10-23 and $3M Remora Robotics on 2023-08-21). Two additional entries are size-indeterminate because the amounts are undisclosed: Deep Wind Offshore (2023-09-07) and Aqualung Carbon Capture (2023-02-22).
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