The Statoil Energy Ventures team, focusing on growth-phase investments in renewable energy, will operate alongside Statoil’s existing venture entity, Statoil Technology Invest (STI), which focuses on early-phase investments in upstream oil and gas.
Over a period of more than 10 years, STI have diligently screened and invested in start-ups, helped implement their technology in our fields, and successfully exited them – thereby making attractive financial returns for Statoil.
- USD 135 million invested (since 2000)
- 2.5X returns (since 2000)
- Exit of the year 2015 – Norwegian Venture Capital Association (for RESMAN)