Equinor Ventures enters into agreement with Nicoustic AS
Equinor Ventures has provided an early phase convertible funding agreement with Nicoustic AS to support the development of their guided ultrasonic waves technology for level measurements.
Equinor Ventures has joined forces with Fraunhofer IKTS and the experienced spinoff management and investment company CoFounder – resulting in the foundation of the start-up Company Nicoustic AS in Trondheim, Norway.
Nicoustic AS offers pressure vessel monitoring technology using guided ultrasonic waves. The sensor system is non-intrusive and can be installed without affecting operation of the vessels. The level measurement technology is applicable to the oil and gas industry, chemical industry as well as in renewable energy applications such as hydrogen.