Secures significant amounts to further develop green fertilizer and thermal energy storage

Kyoto Group’s Heatcube, a thermal energy storage (TES) solution. Credit: Kyoto Group

Our portfolio companies, N2 Applied and Kyoto Group, raise 100 MNOK and 60 MNOK in funding. Going forward, the two companies, will further develop their green solutions to expand commercial use and upscale their activities.

Global green solutions

N2 Applied aims to fundamentally improve global food production by increasing yield and reducing emissions. Kyoto Group aims to capture and manage the abundant energy from variable renewable sources such as solar and wind power and apply it to reduce the CO2 footprint for industrial thermal loads.

An active ownerhip

Kongsberg Innovation has had an active ownership in the two startup companies since 2016 and 2017. Kyoto Group was listed on the Norwegian stock exchange in 2021. Earlier this month the company announced a joint technology development partnership with Alfa Laval. N2 Applied recently secured a partnership with GEA a globally leading supplier of systems and solutions within agriculture.

N2 Applied will now further develop its fertilizer technology and expand its commercial use. Read more about N2 Applied here.

Kyoto Group will now further develop their solution, continue market expansion, and upscaling activities. Read more about Kyoto Group here.