May 2026
đź“Ł VC round data is live. Check it out!
Largest ClimateTech Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
TOMRA, Scatec, Borregaard, Bonheur and Cambi.
 | Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe (excluding Northern Europe), followed by Northern Europe, America, Asia, and Oceania. | $11 | -32% | $3B | $4B | 2.5x | 12.2x | ||
| Scatec ASA is a renewable energy solutions provider, developing, building, investing in, and operating renewable energy plants across different continents. The company's operating segments are Power Production (PP), Development and Construction, and Corporate. A majority of its revenue is generated from the Power Production segment, which manages the group’s power-producing assets and derives its revenue from the production and sale of solar, wind, and hydro-generated electricity, mainly based on long-term Power Purchase Agreements or feed-in tariffs. Geographically, it derives maximum revenue from South Africa, followed by Botswana, Tunisia, Netherlands, and other regions. | $11 | +25% | $2B | $5B | 8.5x | 9.9x | ||
| Borregaard ASA makes and sells biochemicals and biomaterials designed to replace oil-based products, It has three operating segments; BioSolutions segment develops, produces and sells biopolymers and bio vanillin from lignin used in Industries such as agrochemicals, batteries, industrial binders and construction. Bio vanillin is supplied to flavour and fragrance companies, as well as to the food and beverage industry, Biomaterials segment develops, produces and sells speciality cellulose mainly for use as a raw material in the production of cellulose ethers, cellulose acetate and other speciality products. It also includes cellulose fibrils for industrial applications, and the Fine Chemicals segment consists of fine chemical intermediates for contrast agents and bioethanol. | $16 | -19% | $2B | $2B | 2.2x | 9.4x | ||
| Bonheur ASA was initially a Norwegian shipping company. Currently, the company is engaged in several businesses. It provides services through four segments: Other Investments, Renewable Energy, Cruise, and Wind Services. The renewable energy segment is involved in developing, constructing, and operating wind farms in Scotland, Norway, Sweden, Ireland, Italy, and the USA. The wind Service segment is engaged in logistics and services within the offshore wind industry. Cruise owns and operates four cruise ships and provides a diverse range of cruises, The other investments segment has investments within media, real estate, bonds, and shares. | $28 | +16% | $1B | $1B | 0.9x | 2.8x | ||
| Cambi ASA is a provider of thermal hydrolysis, anaerobic digestion, and biogas solutions for sewage sludge and organic waste management. The services of the company include Engineering Design, Installation, Sample Testing, Commissioning, and Digester Ramp-Up among others. It operates through two business segments: The Technology segment comprises the research, development, sale, manufacturing, and delivery of THP plants and ancillary equipment to customers. The Solutions segment comprises all services to the growing installed base of Cambi THP plants, including upgrades, capacity expansions, maintenance, and operations, previously found in the Cambi Group segment as the Services subsegment. | $2 | +17% | $370M | $353M | 3.1x | 16.3x | ||
| Integrated Wind Solutions ASA is an integrated provider of offshore wind services by integrating construction and Commissioning service operation vessels (CSOVs) with engineering products and manpower services in a wind farm’s installation, commissioning, and operations phase. | $7 | +45% | $266M | $430M | 3.5x | 10.8x | ||
| Capsol Technologies ASA is a carbon capture technology provider to accelerate the transition to a carbon-negative future. Its technology combines inherent heat recovery and generation in a standalone unit based on a safe solvent. Capsol’s technology is licensed either directly to customers or through industrial partners globally across key segments, including cement, biomass, energy-from-waste, and gas turbines. It has only one reporting and operating segment, which is the carbon capture solution technology. Geographically, the company generates a majority of its revenue from Europe and also has a presence in the United States and other regions. | $1 | -47% | $40M | $42M | 5.5x | (7.8x) | ||
| Desert Control AS is a climate technology company specializing in reclaiming degraded soil and turning desert sand into fertile soil. It also specializes in climate-smart AgTech solutions to combat desertification, soil degradation, and water scarcity. The patented product LNC (Liquid Natural Clay) is a liquid clay compound that enables sand and degraded soil to retain water and nutrients. | $0 | -71% | $18M | $17M | 71.5x | (3.1x) | ||
| Ocean GeoLoop AS is a green tech company aiming to use nature's own way of solving challenges in a circular way. The company develops, pilots, and commercializes multifunctional environmental technologies, including point source carbon capture. It is based on long-term systematic research and method development, connected in a holistic concept with the objective of solving the greatest challenges of the time; a combined climate, environment, and resource crisis. | $0 | -89% | $9M | $6M | 0.2x | (1.9x) | ||
| Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR) and Storage Practice. | $0 | -95% | $9M | ($194M) | (298.7x) | (199.1x) | ||
| Median | $4 | -26% | $318M | $391M | 2.8x | 6.1x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.