The fund was established in February 2016 as part of Equinor’s business within New Energy Solutions, reflecting the company’s aspirations to gradually complement its oil and gas portfolio with profitable renewable energy and low-carbon solutions.
Equinor Energy Ventures aims to be an attractive partner for growth companies. We want to work with innovators and disruptors, partnering with entrepreneurs to shape the future of energy.
We operate as a dedicated venture capital team with long-term commitment and engagement, aligned with the interests of entrepreneurs and co-investors.
The fund will take direct positions primarily as a minority shareholder in growth companies, preferably as a co-investor with other venture firms. Investment in selected fund will also be considered to gain a wider footprint.
We are ready to invest in three strategic areas:
Equinor has since 2010 built up a strong position in offshore wind. Through venture capital investments, we will help Equinor strengthen this position.
Through our venture investments we intend to evaluate new business opportunities in the solar and onshore wind value chain today. We will identify and develop business models that drive the demand for our core products
We will explore for high impact technologies and business models that could potentially disrupt our markets in the future.
E-mail: contactEEV@equinor.com
Twitter: @Equinor_Venture
The Equinor Energy Ventures team, focusing on growth-phase investments in renewable energy, will operate alongside Equinor’s existing venture entity, Equinor Technology Ventures (ETV), which focuses on early-phase investments in upstream oil and gas.
Over a period of more than 10 years, ETV have diligently screened and invested in start-ups, helped implement their technology in our fields, and successfully exited them – thereby making attractive financial returns for Equinor.