Enova

They fund more efficient energy consumption and want to increase the production of “new” renewable energy.
Type Public Funding
Website enova.no

Investment info

Invests in
Idea
Product or prototype
Go to market
Growth and expansion
Investment range
€ < 25K
€ 25 - 50K
€ 50 - 100K
€ 100 - 500K
€ 0,5 - 1M
Primary markets
Consumer, Companies
Investing in countries
Norway

Focus areas

Energy & Greentech
Energy & Greentech

Invests in SDGs

sdg
sdg
sdg
sdg
sdg

More about Enova

They can give support for existing businesses wanting to become more environmentally friendly or for new businesses introducing energy friendly innovations.

 

Experience

Enova SF was established in 2001 in order to drive forward the changeover to more environmentally friendly consumption and generation of energy in Norway. They are a public enterprise that is owned by the Ministry of Petroleum and Energy.

 

How much do they invest?

"The “Green Fund for Climate, Renewable Energy and Energy Efficiency Measures” has a capital of 35 billion NOK. Enova calculates the support for every application separately, but SMB’s normally qualifies for more funding than large companies.

 

How do they work?

You can apply for capital within the following new technology areas:

  • Pre-projects within new energy and climate technology in the industry
  • New energy and climate technology in the industry
  • New technology for future buildings
  • New energy and climate technology in transportation
  • Introducing new technology

This is how you apply:

  • Find a program
  • Send in your application
  • Enova will review the application and give possible corrections
  • Make the project happen and get the funding
  • Report the result

The application is quite comprehensive, so it can be a good idea to talk to them before applying.

 

This makes a difference to them

You need to have a finished product. A product or service that is ready to be implemented, because they do not fund research and development.

 

Key People

Nils Kristian Nakstad – CEO
Nils has been in Eniva since 2008. Before this he co-founded ReVolt Technology AS, an innovative battery solution. He is also active in board positions and other leadership positions in the Trondheim region.
LinkedIn

Gunn Jorun Widding - Dir. virksomhetsstyring
Gunn holds a MSc in business from UiN. Before starting in Enova served as department leader within the field of economy in both ErgoGroup and EVRY. Her specialty fields are ERP, project management and leadership management. Gunn has been with Enova since 2013.
LinkedIn

 

Startups they funded

Veas, Tine Norske Meierier, Elkem Solar, and Asko.

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