Statkraft Ventures invests in Green Tech Norsep
Statkraft Ventures has made a first investment in Norsep, located in Porsgrunn, southern Norway.
Norsep has developed a new technology for recycling hazardous waste from incineration plants as an alternative to landfill. Statkraft Ventures will be an active owner of Norsep through representation on the board, as well as contributing as an industrial and strategic partner and adding industrial expertise.
Statkraft Ventures will initially take a 14% stake in Norsep. The intent is to expand the collaboration and Statkraft Ventures has an option to increase its stake to over 35%.
"Rarely do you see such a good opportunity to contribute to the green shift and at the same time create great business value," says Anders Prietz, Head of Statkraft Ventures.
“Recycling instead of landfill is clearly the future. Norsep will contribute to a cleaner planet while being very attractive from a business perspective. The technology is unique and has a significant market potential,” says Prietz.
Statkraft Ventures is a wholly owned subsidiary of Statkraft AS, and is one of the leading venture capital investors in Europe in the energy transition. Statkraft is the largest producer of renewable energy in Europe.
Lars Odin Mellemseter
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