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)