About Scatec
Scatec is a company based in Oslo (Norway) founded in 2007. Scatec has raised $82.4 million across 3 funding rounds from investors including Equinor, Norad and Climate Fund Managers. The company has 778 employees. Scatec offers products and services including Solar Power Plants, Wind Power Plants, Hydro Power Plants, and Energy Storage Solutions. Scatec operates in a competitive market with competitors including Statkraft, Norsk Renewables, Solgrid, Eidsiva Energi and NVE, among others.
- Headquarter Oslo, Norway
- Employees 778
- Stage Public
- SectorsEnergy & Utilities
- Website scatec.com
- Social LinkedIn
- Total Equity Funding$82.4M (USD)
in 3 rounds
- Latest Funding Round$102M (USD), Post-IPO
Oct 2023
- InvestorsEquinor
& 2 more
- Employee Count778
Products & Services of Scatec
Scatec offers a comprehensive portfolio of products and services, including Solar Power Plants, Wind Power Plants, Hydro Power Plants, and Energy Storage Solutions.
Develops and operates solar energy facilities for clean power
Manages wind energy projects for sustainable electricity
Builds and operates hydro facilities for reliable energy
Provides storage systems to support renewable power integration
Funding Insights of Scatec
Scatec has successfully raised a total of $82.4M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $102 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $82.4M
- Total Rounds 3
- Last Round Post-IPO — $102M
- First Round $82.4M
(Dec 2018)
- Investors Count 3
All 3 funding rounds of Scatec with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $102M | Post-IPO | – | – | |
| Aug 2022 | $8.76M | Grant | – | – | |
| Dec 2018 | $82.4M | Series C | – | – |
3 investors in total: 3 institutional.
Investors in Scatec
Scatec has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Equinor, Norad and Climate Fund Managers.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Climate finance solutions are provided for emerging markets globally. | – | climatefundmanagers.com | The Hague, Netherlands | |
Higher education and research for development are provided by Norad. | 1968 | norad.no | Oslo, Norway | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway |
Investor details for Scatec
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Scatec
77 people are tracked at Scatec (27 in leadership, 50 in team); the tracked headcount is 778.
| Name | Role | Group |
|---|---|---|
Terje Pilskog | CEO | Leadership |
Maurits Jager | Head Of Project Finance & Investments | Leadership |
Henrik Lund | VP Business Development (interim) | Leadership |
Karianne Kristiansen | Executive Vice President People & Organization | Leadership |
Andreas Austrell | Vice President Of Investor Relations | Leadership |
Iyad Assaf | CFO - Jordan Business Unit / Senior Assets Manager | Leadership |
Pål Strøm | Executive Vice President | Leadership |
David Puigdemont | Senior Vice President Finance & Asset Management | Leadership |
Ole Gran | Senior Vice President Finance | Leadership |
Arne Bratlie | Vice President IT Operations & Cyber Security | Leadership |
Siobhan Minnaar | Executive Vice President & General Counsel At Scatec ASA | Leadership |
Cheryl Geldenhuys | Vice President | Leadership |
Meera Bhatia | Senior Vice President | External Affairs And Communications | Leadership |
Øystein Bratgjerd | Senior Vice President Group Accounting & Tax | Leadership |
Hans Jakob Hegge | Chief Financial Officer | Leadership |
Alexander Levi | VP Global Compliance Officer | Leadership |
Raquel Araujo | VP Marketing, Communications And Engagement | Leadership |
Dagher Khater | CFO & VP Of Finance And Asset Management - MENA Region | Leadership |
Elnalene Cornelius | VP Legal | Leadership |
Kine Johanne Årdal | Chief Digital And Information Officer (cdio) | Leadership |
57 more people are available in the full profile.
Complete people profiles for Scatec
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Scatec
4 dated milestones of Scatec across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Scatec is founded.
- Funding First funding round of $82.4M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $102.0M.
Competitors of Scatec
Scatec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Statkraft, Norsk Renewables, Solgrid, Eidsiva Energi and NVE, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| statkraft.com | 1895 | Oslo, Norway | – | – | Renewable energy production services are provided by Statkraft. | |
| norskrenewables.com | 2017 | Stavanger, Norway | $6.35M | 15 | Solar energy projects are developed, financed, and operated in Norway. | |
| solgrid.no | 2020 | Fetsund, Norway | – | 5 | Solar and wind energy projects are developed in Norway. | |
| eidsivaenergi.no | 2000 | Hamar, Norway | – | 1,231 | Solar panels and related products are installed by the company. | |
| nve.no | 1921 | Oslo, Norway | – | – | Government agency overseeing water resources, energy production, and natural hazard management in Norway. | |
| energeia.no | 2010 | Oslo, Norway | – | 6 | Developer of solar energy projects | |
| akershusenergi.no | 1922 | Ranasfoss, Norway | – | – | Solar and wind energy projects are developed in Norway. | |
| scatecinnovation.no | 1987 | Oslo, Norway | – | 9 | Develops and implements technologies in renewable energy and advanced materials. |
Detailed competitors of Scatec
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Scatec
The website of Scatec (scatec.com) receives about 21.4K visits a month.
- Monthly visits21.4K
▼ 35.6% vs previous month
Websites whose visitors overlap most with Scatec. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zenobe.com | 100% | 18.1K | #1,510,565 | View details | |
| gastopowerjournal.com | 94% | – | #8,904,837 | View details | |
| ammoniaenergy.org | 91% | – | #504,538 | View details | |
| recurrentenergy.com | 88% | 20.2K | #1,422,561 | View details | |
tls-containers.com | tls-containers.com | 85% | – | #1,238,987 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Scatec
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 20 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Scatec
Complete news archive for Scatec
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Scatec
10 companies that operate in the same segment as Scatec (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Scatec
Scatec was founded in 2007 and raised its 1st funding round 11 years after it was founded.
Scatec is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Terje Pilskog is the current CEO of Scatec.
Scatec is a funded company, having raised a total of $82.4M across 3 funding rounds to date. The company's 1st funding round was a Series C of $82.4M, raised on Dec 2018.
Scatec has 778 employees.
Scatec was founded in 2007 and is headquartered in Oslo, Norway. Renewable energy projects focused on solar and wind power are developed and operated by the company across various international locations. Services include project development, financing, construction, and long-term operations in the clean energy sector. Leadership is provided by CEO Terje Pilskog, with emphasis placed on sustainable energy solutions for utility-scale applications.
Scatec's top competitors include Statkraft, Solgrid and Eidsiva Energi.
Scatec offers Solar Power Plants, Wind Power Plants, Hydro Power Plants, and Energy Storage Solutions.
Scatec has 3 investors. Key investors include Equinor, Norad, and Climate Fund Managers.