The Lundin Foundation and Katapult are pleased to announce the selection of 8 tech entrepreneurs working to advance zero and low carbon solutions at scale through the launch of The Climate Accelerator Program.
The program is part of the Foundation’s support of Lundin Energy’s investments into the transition to a low carbon economy. These startups will immediately gain access to an investment, a tailor-made program, extensive mentorship, a partnership network, and become part of Katapult’s growing portfolio of climate tech companies.
Katapult is a global investment and accelerator vehicle-based in Oslo, Norway that aims to fast-track solutions to global problems. Over the last 4 years, they have evaluated more than 12.500 startups and invested in and accelerated 90 startups from 32 different countries through the verticals Katapult Accelerator (general impact tech) and Katapult Ocean (ocean tech).
As a key part of Lundin Energy’s decarbonization strategy and commitment to carbon neutrality by 2025, with the support of the Lundin Foundation, in 2021 Katapult launched a new vertical called Katapult Climate which aims to become the leading force for start-ups and investors addressing climate challenges.
THE 8 CLIMATE TECH STARTUPS IN THE FIRST KATAPULT CLIMATE ACCELERATOR PROGRAM:
- Connected Energy (UK): Remote monitoring and control meters collect real-time data from biogas digesters and solar PV assets.
- Frame (Denmark): A digital platform that integrates project management and building design with certification systems widely used to certify sustainable buildings.
- Hyperion Robotics (Finland): A 3D printing technology that produces large-scale reinforced concrete elements with recycled materials.
- NXT Grid (Netherlands): Profitable, clean mini-grids, everywhere, by everyone. Onboarding investments, buying solar equipment and renting it to local developers.
- Recylink (Chile): A software platform for the management of industrial waste; allowing companies and institutions to manage all the associated suppliers/transport operators/recycling plants/landfills.
- Sally-R (Sweden): A technology provider for commercial building energy optimization with 2 products: ‘ADA’ (cloud optimization service) and ‘EUNICE’ (carbon capture).
- Wattnow (Tunisia): Offers IoT solutions by combining hardware and software for companies to optimize their energy consumption and reduce their costs and carbon footprints.
- Wegaw (Switzerland): Clean energy trading optimization through remote sensing satellite and data analytics.
The Foundation receives an annual financial contribution from Lundin Energy to make impact investments that support high potential, early-stage businesses that advance zero and low-carbon innovations at scale.
The Lundin Foundation is an experienced impact investor with over a 10-year track record of investing in the renewable energy sector —that has supported programs and start-up businesses all over the world with funds totalling NOK 600 million. The Lundin Foundation is proud to support the next generation of climate tech start-ups through the Climate Accelerator Program.
