Norwagian energy company Release by Scatec raises $102 million for Growth

Release designs, finances and installs scalable solar power plants and battery storage and leases out the equipment on short- or long-term contracts. It guarantees equipment performance, provides 24/7 monitoring and operation and maintenance support, and trains local resources to perform regular maintenance tasks. Here are details of Release’s latest funding round :

🚀 Launch

2019

🏭 Industry

Energy; Renewables

🧠Management

Hans Olav Kvalvaag (CEO), Torstein Berntsen (CFO), Frédéric Grosse (COO), Roberto Berardo (Senior Vice President Mining and Industry), Clémentine Bruguière-Cossé (General Counsel), Arnaud Gouet (Senior Vice President Utilities)

💸 Funding & Investors

INVESTMENT (October 2023)$102 million (55 million in equity for a 32% stake, 47 million in loans)
INVESTORS (October 2023)Climate Fund Managers

🎯 Funding purpose

Growth

🌐 Country HQ

Norway (Oslo)

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