Norsk Hydro Technology Ventures

Overview

Norsk Hydro Technology Ventures is the corporate venture capital arm of Norsk Hydro ASA, a leading Norwegian aluminum and renewable energy company. The venture arm focuses on investing in innovative energy and technology companies that align with Hydro's commitment to sustainable growth. By supporting startups and emerging businesses, it aims to foster advancements in areas such as renewable energy, energy efficiency, and sustainable materials. The investment strategy of Norsk Hydro Technology Ventures encompasses various stages, including seed, early stage, and growth investments. The geographical focus is primarily on Norway, but it also extends to other regions where Hydro operates, including the United States, Germany, Brazil, and Qatar. The industries targeted for investment are diverse, ranging from aluminum and energy to metal recycling, renewables, batteries, hydrogen, electric vehicles, infrastructure, technology, manufacturing, automotive, construction, aerospace, marine, and defense. In November 2024, Norsk Hydro announced its decision to exit its battery materials and green hydrogen businesses, reflecting a strategic refocus on its core operations. This move underscores the venture arm's commitment to investing in areas that align with Hydro's long-term sustainability goals and market dynamics.

Investment Focus

• Innovative energy and technology solutions
• Alignment with sustainable growth objectives
• Potential to enhance Hydro's existing operations
• Early-stage and growth-stage companies
• Technologies in hydrogen production, electrolyser systems, electric vehicle infrastructure, advanced manufacturing processes
• Alignment with Hydro's sustainability goals
• Scalable business models
• Strong management teams
• Potential for global impact

Portfolio Companies