
Hafslund
Harbitzalléen 5, Oslo, 0275, Norway
Overview
Hafslund Venture is the Group’s investment and development company for targeted areas closely related to Hafslund’s business activities. The investments in Renewable Energy Corporation (REC) contributed significantly to Hafslund’s value growth in 2005. The primary focus of Hafslund Venture is on companies within renewable energy and energy-related services and technology. Small- and medium-sized companies with good value growth potential are identified – from companies in their early phases, so-called early venture, to more established corporations with commercialized products and services.
- Total investments
- 5
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Energy
- Renewable Energy
- Venture Capital
Investment portfolio
- Heimdall Power
Participated · Series B · Jul 2024
Heimdall Power develops and sells sensor balls designed to monitor and optimize electric power grids, with technology the company says can increase existing grid capacity by 20–40 percent. The solution has opened doors to the U.S. market and large grid-infrastructure support packages, and management is positioning the company to win multi‑million dollar contracts there. Heimdall has delivered systems to 50 customers in 21 countries, including state operators in Norway, Ireland and the U.K. The company has grown revenue at about 135 percent annually in recent years but remains unprofitable with an accumulated deficit exceeding NOK 200 million. Heimdall was valued at NOK 700 million in the latest financing, up from roughly NOK 500 million in 2021. The new capital is intended to scale operations and accelerate the path to expected profitability in 2027 or 2028.
- Particula
Participated · Series B · Jan 2024
Particula is a Munich-based provider of AI-driven risk intelligence for digital assets. It provides automated risk ratings that analyze issuer credibility, asset backing, regulatory compliance and smart contract security. By offering independent, data-driven insights the company serves financial institutions, issuers and trading facilities. Particula raised $5.5M in funding and intends to use the proceeds to expand operations and its business reach. The round underscores the company's role as a driver in digital finance. The company is led by CEO Timm Reinsdorf. Heimdall Power offers a comprehensive solution for real-time, data-driven decision-making for the operations and planning of high-voltage power lines. The company develops intelligent multi-vector sensors, called Neurons, that measure conductor temperature, current, angle, and vibrations on overhead power lines. These sensor readings and analytics are presented through a user-friendly web-based software solution. Heimdall Power raised $25 million in a Series B financing. Investors in the round include international energy company ORLEN VC, Nordic cleantech fund NRP Zero AS, and the Steinsvik Family Office. Existing shareholders including Investinor, Eviny, Hafslund, Lyse, and Sarsia are also listed among participants.
- Over Easy Solar
Participated · Equity · Dec 2023
Over Easy Solar builds solar-cell solutions aimed at niche markets that standard panels do not serve well, and it emphasizes combining solar installations with green roofs. The company reports repeat customers and says its installations, such as at Løren school, produce around 40,000 kWh annually. It has completed initial commercial sales in Norway, Denmark, Germany and Switzerland. Management sees regulatory tailwinds after an EU decision to require solar on new commercial and public buildings from 2026. The firm cites growing demand in larger cities for combined green-roof and solar solutions. Support from Innovasjon Norge is intended to help the company reach international markets.
- ChapDrive
Participated · Equity · Apr 2010
ChapDrive develops a patented hydraulic transmission system for wind turbines. The company is based in Trondheim, Norway and was founded in December 2006, originating from research at NTNU's Department of Energy and Process Engineering. It is focused on commercializing its technology for 5 MW wind turbines with hydraulic transmission for turbine suppliers. ChapDrive is working with Statoil on concept design of a 5 MW hydraulic transmission and expects the first prototype wind turbine with the ChapDrive transmission in 2012. The company plans commercial ramp-up within 3 to 5 years. ChapDrive secured NOK 86m (approximately €11m) in additional funding to enable commercialization.
Team
No current team members are available.