Statoil Energy Ventures (SEV) has earmarked up to NKr1.7bn ($200m) to spend over four to seven years to back technologies in offshore and onshore wind, solar, energy storage, transport, energy efficiency and smart grids.
It will be "one of the world’s largest corporate venture funds dedicated to renewable energy", says Irene Rummelhoff, Statoil’s executive vice-president for New Energy Solutions.
"The transition to a low-carbon society creates business opportunities, and Statoil aims to drive profitable growth within this space."
SEV
