Renewable energy and energy systems

An energy system encompasses energy sources and production, storage, distribution and energy use. To make the transition to renewable energy a success, every part of the energy system must work together. We need new technology to make the renewable energy system more efficient. Norwegian technology providers can find new business opportunities in this area, and we can support companies looking to make this transition.

We offer a range of funding schemes that may be relevant to projects involving renewable energy and the energy system. For projects that involve developing and demonstrating new technology, the Environmental Technology Scheme may be relevant. For projects primarily involving investments in production equipment, a green growth loan may be an option. To explore the opportunities available to you, we recommend contacting your local Innovation Norway office.

In this area, Enova is a relevant partner. They work to create a flexible energy system that safeguards security of supply. Both technology providers and early adopters can apply to Enova for funding.

We are looking for products and services in renewable energy and related energy systems. This includes, among other things:

• Development of products or services that help reduce the cost of renewable energy from offshore wind, solar or hydropower
• Development of new battery technologies and industrial battery production
• Development of fuel cells and industrial fuel cell production
• Development of new products that use batteries or hydrogen to support electrification
• Products and services that improve the efficiency and optimisation of energy systems and power grids
• Enabling technologies that help optimise solutions related to renewable energy and the energy system.

The solution must be significantly better than competing technologies currently available, and you must clearly describe the project's level of innovation and risks. In your application, you must clearly explain the market opportunities and how you plan to promote wider adoption of the technology.

You should support the project with evidence that demonstrates its feasibility and impact on your business.

The project must have the potential to strengthen your company's competitiveness, expand into new segments and create jobs in Norway.

We also offer other financial instruments that may be relevant to companies investing in the green transition. Innovation loans can support the commercialisation of new solutions, strengthen working capital, and enable growth and international expansion. Other funding schemes are also available from Enova, the Research Council of Norway and EU programmes for radical innovation.