Nysnø Climate Investments is a state-owned venture capital firm established in 2017 and based in Stavanger, Norway. Wholly owned by the Ministry of Trade, Industry, and Fisheries, it manages about NOK 5.35 billion in assets under a mandate to generate financial returns while reducing greenhouse gas emissions. Operating as a sovereign climate investor, Nysnø uses public capital to mobilize private funding for unlisted climate technology companies and dedicated funds. The firm’s strategy supports scalable solutions and seeks to influence broader private investment in climate innovation.
Nysnø focuses on long-term commitments that balance profitability with measurable climate outcomes. The firm typically co-invests on equal terms with private partners, backing early-stage and growth-oriented companies as well as niche climate funds. Investment criteria emphasize technologies that cut emissions, improve energy efficiency, or enable resource recycling at scale. To help portfolio companies reach international markets, Nysnø collaborates with specialized investors, industry leaders, and policy experts. Reporting requirements and impact assessments are integrated into each funding agreement to track progress over time.
Nysnø’s cleantech investments include direct stakes in companies and commitments to funds targeting energy storage and related technologies. The firm has backed Cenate AS, which develops silicon nanoparticles for lithium-ion battery anodes to boost efficiency and lifespan. It also supports Morrow Batteries, the builder of Norway’s first commercial battery cell factory in Arendal. Beyond batteries, investments span carbon removal startup 44.01 and smart grid software provider eSmart Systems. Through fund partnerships like ArcTern Ventures Fund II and Energy Impact Partners, Nysnø extends its reach into new solutions across green energy, hydrogen, and circular economy applications.
