GreenStat AS Attracts New Strategic Investors; AVGGroup Sarl

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By Daniel Webster, dWeb.News

AV Group Sarl

Jul 22, 2021, 19 :24 ET

OSLO, Norway and LUXEMBOURG. July 22, 2021 /PRNewswire/ – GreenStat AS (“GreenStat”) is a Norwegian green power producer. AVG Group Sarl (AVG) has made an undisclosed investment in GreenStat AS. They have formed a strategic partnership to increase GreenStat’s reach in the US and global markets. AVG will also be providing priority deal flow for renewable energy projects.

AVG Investment Into Clean Hydrogen

GreenStat is part of a wide transition in Norway from the oil and natural gas industry to a hub for renewable energy. Names like StatKraft and previously StatOil were used by the state to meet the nation’s energy needs and export. GreenStat is now determined to be the leader in renewable energy in Norway and the rest of the world. Their investments in Hydrogen infrastructure and Hydrogen technology are the main focus. GreenStat received an investment from Aker Solutions earlier this year. Aker Solutions is a former Norwegian oil and gas development company. Aker is now focusing on hydrogen innovation. Karl Andersen (CEO of AVG) says that AVG is happy to be part of the GreenStat Family, which will help expand the latest hydrogen technology into the US and Asian markets.

About GreenStat
About Greenstat AS GREENSTAT is a company founded by Christian Michelsen (now NORCE) in 2015. The company’s goal is to be a leader in the transition from fossil energy to zero emission. The company’s main focus areas include Green Hydrogen, Local Energy, and Insight (decision support and analytics). GREENSTAT aims at developing a diverse portfolio of projects and subsidiary companies in renewable energy and technology. AVG Group SarlAVG manages both the Nordic ESG Fund SCSp and the Impact Fund SCSp (the Fund). The strategy is to invest into energy transition technology (Climate Solutions), from fossil fuels to renewable alternatives. AVG invests in local companies and then scales them up globally. The team has offices in New York, Oslo, and Luxembourg and offers a global approach to ESG/Impact investing. SOURCE AV Group Sarl

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