How do green pioneers in Norway turn bold ideas into scalable solutions? From thermal energy storage to green hydrogen and data-driven circular services, many promising SMEs face a common hurdle: access to the right kind of financing.
During 2025, Nopef approved 52 new feasibility studies worth EUR 2.13 million.
During 2024, Nopef provided financing totalling EUR 2.2 million to 54 projects.
A high level of project activity and even distribution of projects across the Nordics characterised Nopef’s activities in 2023.
Recent customer survey underscores Nopef’s crucial contribution to advancing Nordic green initiatives worldwide and emphasises the lasting impact in fostering job creation, investments and sustainable practices.
In 2022, Nopef granted funding for 35 new projects worth EUR 1.3 million. The majority of the approved projects were related to circular economy and sustainable business models.
The first result of a new Nordic collaboration will be a delegation trip to Japan in March. Companies in the battery value chain are invited to join.
An increasing number of small and medium-sized companies with climate or environmental solutions are seeking growth on international markets. A feasibility study is an effective way to explore different options before deciding on larger investments or market entry.
The year 2019 of the Nordic Project Fund (Nopef) was characterised by a good project activity, especially during the second half of the year, and by a growing application activity among Nordic companies with operations related to renewable energy and other climate solutions. Read further in the Annual Review.