Equinor ASA

Backs energy transition ventures in Norway with offshore technology development support.

Equinor ASA is Norway's state-majority-owned energy company, founded in 1972 as Statoil and rebranded in 2018. It is listed in Oslo and New York, employs about 24,600 people across more than 20 countries, and combines oil and gas with renewables and low-carbon solutions. Its 2025 operating profile includes 2,137 mboe/day of equity production and 3.67 TWh of renewable generation, which shows the scale of the industrial base behind its venture activity.

Its external funding route is corporate venture capital, not grants. Equinor Ventures makes minority equity investments, with follow-on capital possible, into early-phase and growth companies working in renewables, low-carbon solutions and related future business opportunities. The arm says its current portfolio is primarily in Europe and North America, but it is open globally, and its initial investment ticket varies with the phase and size of the opportunity.

The venture team also offers strategic support through pilots, technical access and commercial partnerships inside Equinor's value chain. Founders fit best when they can show a technology that can be tested, scaled and used in an industrial energy context. At first contact, the company asks for non-confidential high-level material, because this is an investor relationship rather than a non-dilutive funding call.