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Oslo-based Otovo bags €40 million to upscale its
Otovo, a leading residential solar self-consumption and battery storage company, has completed a €40 million capital raising. The round was led by existing investors Å Energy, Axel Johnson Group and Nysnø (Norwegian
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Iberdrola joins the world''s top manufacturer of electrolysers to
Photovoltaic solar energy; Hydroelectric power; Energy storage; Smart Customer Solutions; Its shares are listed on the Oslo Stock Exchange. In addition, and in order to deliver this project,
3 FAQs about [Oslo photovoltaic energy storage manufacturer]
Does Norway offer financial support for solar projects?
Many Norwegian policies, like Enova and Skattefunn, offer financial support schemes, according to certain rules. For example, Enova provide financial resources for solar installations in private houses, while in bigger projects an innovative technology should be involved in addition.
Does Innovasjon Norge support solar farms?
Moreover, Innovasjon Norge is considered to potentially support solar farms, while support from municipalities, like Oslo municipality, could provide support for commercial buildings. The level of experience in companies and their focus on product development might attract certain financial support.
Why is Norway integrating into the European battery ecosystem?
In a shifting global battery landscape, Norway is increasingly integrating into the European battery ecosystem. This is an intentional move by all parties, as reaching global climate targets becomes more urgent for each passing year and geopolitical developments fuel action for European energy independence.