Statoil Energy Ventures Bloomberg

We believe that the innovation creativity and agility of start ups can drive change and transition the energy industry towards a low carbon future. The fund makes fund of funds and direct investments in the renewable energy industry. Equinor asa formerly statoil and statoilhydro is a norwegian state owned multinational energy company headquartered in stavanger it is primarily a petroleum company operating in 36 countries with additional investments in renewable energy by revenue while under statoil name equinor was ranked by forbes magazine 2013 as the world s eleventh largest oil and gas company and the twenty.

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Statoil energy ventures bloomberg.

In total statoil energy ventures will invest up to usd 200 million around nok 1 7 billion over a period of four to seven years. The company focuses on investments in new energy technologies and venture capital funds. Equinor ventures is equinor s corporate venture fund dedicated to investing in attractive and ambitious early phase and growth companies. About equinor energy ventures equinor energy ventures is a 2016 private equity fund of funds currently investing.

The unit of norway s state. Breakthrough energy ventures llc provides venture capital investment. The fund is established as part of statoil s new business area new energy solutions reflecting the company s aspirations to gradually complement its oil and gas portfolio with profitable renewable energy and low carbon solutions.

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