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 as of December 31, 2022. 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 as on 31 Dec, 2022
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$82.4 M (USD)
in 3 rounds
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Latest Funding Round
$102 M (USD), Post-IPO
Oct 27, 2023
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Investors
Equinor
& 2 more
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Employee Count
778
as on Dec 31, 2022
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 Total Funding
- Total Rounds 3
- Last Round Post-IPO — $102.0M
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First Round
First Round
(15 Dec 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Post-IPO - Scatec | Valuation |
investors |
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| Aug, 2022 | Amount | Grant - Scatec | Valuation |
investors |
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| Dec, 2018 | Amount | Series C - Scatec | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Climate finance solutions are provided for emerging markets globally.
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Founded Year | Domain | Location | |
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Higher education and research for development are provided by Norad.
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Founded Year | Domain | Location | |
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Scatec
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Scatec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Scatec Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy production services are provided by Statkraft.
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| domain | founded_year | HQ Location |
Solar energy projects are developed, financed, and operated in Norway.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed in Norway.
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| domain | founded_year | HQ Location |
Solar panels and related products are installed by the company.
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| domain | founded_year | HQ Location |
Government agency overseeing water resources, energy production, and natural hazard management in Norway.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Scatec
Frequently Asked Questions about Scatec
When was Scatec founded?
Scatec was founded in 2007 and raised its 1st funding round 11 years after it was founded.
Where is Scatec located?
Scatec is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Scatec?
Terje Pilskog is the current CEO of Scatec.
Is Scatec a funded company?
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 15, 2018.
How many employees does Scatec have?
As of Dec 31, 2022, the latest employee count at Scatec is 778.
What does Scatec do?
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.
Who are the top competitors of Scatec?
Scatec's top competitors include Statkraft, Solgrid and Eidsiva Energi.
What products or services does Scatec offer?
Scatec offers Solar Power Plants, Wind Power Plants, Hydro Power Plants, and Energy Storage Solutions.
Who are Scatec's investors?
Scatec has 3 investors. Key investors include Equinor, Norad, and Climate Fund Managers.