Norwegian technology firm Heimdall Power has secured €22.9 million in its latest Series B funding round, marking a significant milestone in the company’s mission to optimize power grids for utility companies globally. This funding round was co-led by renowned international energy giant ORLEN S.A., Nordic cleantech fund NRP Zero AS, and the Steinsvik Family Office. Furthermore, existing investors, including Investinor, Eviny, Hafslund, Lyse, and Sarsia Seed, also made additional investments.
Heimdall Power’s CEO, Jørgen Festervoll, expressed enthusiasm about the funding, stating that it would enable the company to continue investing in the development of their cutting-edge technology. With scalability as their top priority, Heimdall Power aims to further solidify its position as the unequivocal global leader in Grid-Enhancing Technologies.
The significance of Heimdall Power’s funding round extends beyond mere monetary support. By collaborating with ORLEN S.A., which boasts a vast network in the energy industry, Heimdall Power gains access to invaluable expertise and resources. The involvement of NRP Zero AS, a prominent cleantech fund, further highlights the growing interest in sustainable energy solutions. With their strong team and innovative technology, Heimdall Power is poised to revolutionize power grid optimization and drive the transition towards a more efficient and sustainable energy future.
This successful funding round not only validates Heimdall Power’s vision and capabilities but also serves as an affirmation of the growing importance of grid-enhancing technologies in the energy sector. As the need for smart grid solutions increases, Heimdall Power is well-positioned to lead the charge and shape the future of power grid optimization worldwide.