Stepwise

What Stepwise does

Stepwise AS is a Norwegian software company that operates a cloud-based SaaS emissions management platform purpose-built for the offshore energy sector. Founded in 4Q 2021 and headquartered in Stavanger with a regional office in Oslo, the company targets offshore oil and gas operators, drilling contractors, and OEMs, helping them plan, monitor, and report Scope 1, 2, and 3 emissions from drilling and well-construction activities. The platform integrates hundreds of operational data sources through an Integrations Hub that supports 100+ industry-specific protocols and systems — including iQx P1, Keystone OPEN, Kabal, Kongsberg K-IMS, Oliasoft, Peloton, Halliburton Landmark, and Azure — providing configurable dashboards, wellbore and rig comparison tools, and audit-ready carbon calculations aligned to ISO 14064, ISO 50001, NSTA, TCFD, GHG Protocol, GRI, SASB, and CSRD frameworks. Stepwise bundles this with embedded Subject Matter Expert (SME) advisory services, positioning the offering as a hybrid platform-plus-expert model rather than pure software.

The product surface includes the Stepwise Emissions Platform as the core SaaS, the Stepwise SmartSaver crew-engagement module, and the Expert SME Advisory service, with planned modules for Offshore Production (FPSO), Onshore/Land-Based Drilling, Offshore Wind, and an Edge solution currently in development. Stepwise generates revenue through enterprise SaaS subscriptions on multi-year contracts, with sales delivered via direct enterprise field sales combined with channel partnerships — notably well managers Elemental and Exceed. The go-to-market motion typically begins with a pilot on a single rig and expands to fleet deployment after successful trials. The company is ISO/IEC 27001:2022 certified and raised NOK 35 million in June 2024 through new equity, a convertible loan, and a Nordic bank credit line to fund expansion into offshore wind, fixed platforms, and land-based drilling.

Name

Stepwise

Legal name

Stepwise AS

Website

https://stepwise.no

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Stepwise is a Norwegian SaaS company that provides a cloud-based emissions management platform for offshore energy operators and drilling contractors, integrating hundreds of operational data sources with embedded SME advisory to reduce fuel use and Scope 1/2/3 emissions.

Ownership category

akta.pro rank

Product category

Emissions Management Software

NAICS

Computer Systems Design Services (541512), Environmental Consulting Services (54162)

SIC

Oil & Gas Field Services, Nec (1389), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Climate Target-Setting, Transition Planning & Performance Management Platforms (EUABAEAF)

akta.pro secondary industry

Industry/Vertical Cloud Platforms (e.g., Gov/Healthcare/Financial Cloud Regions) (HDABAAAL)

Keywords

• Emissions management software
• Offshore energy SaaS
• Carbon footprint tracking
• Well construction monitoring
• ESG reporting platform

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscription: Cloud-based software-as-a-service platform providing emissions management and monitoring services to energy sector operators. Delivered through subscription model with dedicated SME advisory support included in service delivery. Pricing appears to be enterprise quote-based.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Stepwise provides a cloud-based SaaS emissions management platform for offshore energy operators and drilling contractors, enabling planning, monitoring, reporting, and reduction of Scope 1, 2, and 3 emissions across offshore well construction campaigns. The platform is bundled with embedded Subject Matter Expert (SME) advisory services and integrates with 100+ industry-standard data sources through a flexible Integrations Hub.

Product overview

Stepwise is an expert-led SaaS emissions management platform for the offshore energy sector, built as a modular platform-plus-services architecture. The core product is the Stepwise Emissions Platform, which integrates with a flexible Integrations Hub to connect operational data from planning, execution, and reporting tools. The platform is complemented by the Stepwise SmartSaver crew-engagement ERI tool and an Expert SME Advisory service. Adjacent modules in development include Offshore Production (FPSO), Onshore/Land-Based Drilling, Offshore Wind, and Stepwise Edge — all targeting expansion beyond the core offshore well construction segment.

Differentiator

Problem solved

Functional benefit

Products and services

• Stepwise Emissions Platform Cloud-based SaaS platform for planning, monitoring, reporting, and reducing emissions across offshore well construction and drilling campaigns. Integrates end-to-end processes from baseline creation through continuous improvement, with configurable dashboards, wellbore and rig comparison tools, drilling performance KPIs, and Scope 1, 2, and 3 tracking. Designed to deliver 10-15% fuel savings within 12 months for offshore energy operators and drilling contractors.
• Stepwise SmartSaver Crew-led Emissions Reduction Initiative (ERI) embedded within the Stepwise platform that turns everyday offshore crew observations into actionable efficiency measures. Uses focused prompts, briefs, and structured idea-capture methods to capture savings opportunities between shifts, complementing the operational data platform with behavioral engagement and fuel consumption reduction.
• Stepwise Integrations Hub Flexible data integration and automation module that connects the Stepwise platform with clients' existing digital ecosystems. Supports industry-standard protocols (iQx P1, Keystone OPEN, Kabal) and connects with 100+ integrations across well planning, execution, and reporting phases, enabling automated Scope 1, 2, and 3 data flows without straining internal client resources.
• Stepwise Expert SME Advisory Guided Subject Matter Expert (SME) advisory service bundled with the SaaS platform, providing clients with dedicated domain expertise in energy management. SMEs support baseline creation, energy management planning, data integration, and continuous improvement reviews throughout the engagement for offshore energy operators and contractors.

Quantifiable outcome

• 10-15% fuel savings within 12 months
• +4 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability3 records

Feature8 records

Partnerships

17 partnerships are on record, tiered core and minor.

• DNOcoreStrategic or Co-development Partner · 28 January 2025Collaboration to deploy Stepwise Emission web application during drilling of Falstaff well 2/6-7 S on Norwegian Continental Shelf. Enhances drilling efficiency and emission reporting.
• ShellcoreStrategic or Co-development Partner · 20 January 2025Collaboration to support efficiency improvements and emissions reductions during key decommissioning campaigns on Norwegian Continental Shelf.
• ExceedcoreChannel Partner/ Reseller/ Distributor · 16 January 2025Channel partnership with well management company to extend market reach and provide emissions management services to broader operator base.
• ElementalcoreChannel Partner/ Reseller/ Distributor · 16 January 2025Channel partnership with well management company for collaborative distribution of Stepwise emissions management platform.
• Serica EnergycoreStrategic or Co-development Partner · 7 September 2023Pioneer well operations emissions reduction project in UK North Sea. Pilot project to demonstrate emissions management capabilities.
• Scana ASAminorStrategic or Co-development Partner · 29 August 2023Strategic partnership investment by Scana ASA to support Stepwise's mission in addressing climate change through emissions reduction.
• HMH (HardwareMalene Hansen)coreTechnology or Integration · 15 June 2023Collaboration agreement to propel energy efficiency in the offshore sector through integrated solutions and data sharing.
• Horizon56coreTechnology or Integration · 28 April 2023Collaboration agreement to help accelerate the offshore oil and gas sector to reduce its environmental footprint through integrated emissions management.
• KeystonecoreTechnology or Integration · 27 April 2023Strategic partnership providing seamless approach to emission management within Drilling Operation Procedures. Integration supports well planning and execution phases.
• SekalcoreTechnology or Integration · 27 April 2023Strategic alliance partnership for enhanced emission management and operational efficiency in drilling operations.
• NEMScoreTechnology or Integration · 7 February 2023Strategic partnership with market leader in environmental compliancy solutions within oil and gas sector. Supports comprehensive emissions reporting and compliance.
• Diamond OffshorecoreTechnology or Integration · 6 February 2023Collaboration to reduce emissions and improve energy efficiency across Diamond Offshore drilling fleet. Includes advisory and application access contract.
• DNVcoreTechnology or Integration · 1 January 2022Alliance expanded in 2022 to include DNV, providing additional credibility and integration capabilities for emissions management solutions.
• OliasoftcoreTechnology or Integration · 1 January 2022Alliance partner for well planning and calculations integration, supporting comprehensive emissions tracking from planning through execution.
• PelotoncoreTechnology or Integration · 1 January 2022Alliance partner for well lifecycle management integration supporting emissions tracking across operations.
• Kongsberg MaritimecoreTechnology or Integration · 24 February 2021Strategic alliance agreement to drive energy reduction efficiencies in offshore industries. Kongsberg Maritime is a leading maritime technology provider. Integration enables automatic retrieval of Scope 1 asset data from Kongsberg K-IMS.
• Halliburton LandmarkcoreTechnology or IntegrationIntegration partnership for well planning software connectivity, enabling seamless data exchange for emissions calculations.

Scale indicators6 records

Recent moves13 records

Expansion highlights7 records

Broad incumbents

• Sphera: Sphera is a long-established EHS, sustainability, and operational risk software platform serving industrial operators including energy and process industries. It overlaps with Stepwise in emissions management and ESG reporting but serves a much broader EHS portfolio across many verticals, not specializing in offshore drilling.
• Wolters Kluwer (Enablon): Wolters Kluwer's Enablon is an enterprise EHS and sustainability platform with emissions tracking, carbon accounting, and regulatory reporting capabilities. It competes for the same emissions management wallet as Stepwise but is positioned as a generalist platform rather than an offshore-drilling specialist.
• Intelex Technologies: Intelex provides EHS and quality management SaaS used by energy and industrial operators, with modules covering emissions, energy, and compliance. Comparable to Stepwise on the ESG reporting and compliance axis but lacks Stepwise's drilling-specific workflow and integrations.
• DNV: DNV is a major classification and advisory society for maritime and energy, with explicit carbon advisory, emissions data, and verification services for offshore and shipping. DNV is also a Stepwise alliance partner, but its broader portfolio (assurance, advisory, software) overlaps meaningfully with Stepwise's emissions reporting value proposition.
• Kongsberg Digital: Kongsberg Digital provides digital twin and vessel performance platforms for offshore and maritime customers, including emissions-related functionality tied to K-IMS. As both a Stepwise partner and a potential competitor, it offers overlapping capabilities within the same Norwegian offshore ecosystem.

Direct peers

• Persefoni: Persefoni is an enterprise carbon accounting and climate management SaaS platform used by corporates for Scope 1/2/3 measurement, target-setting, and disclosure. It is directly comparable as a cloud carbon management platform, though it serves a broader set of industries rather than specializing in offshore drilling.
• Watershed: Watershed is an enterprise climate platform that combines carbon accounting, emissions analytics, and disclosure reporting for large companies. Comparable to Stepwise on the SaaS-based emissions measurement and reporting core, though Watershed targets a wider corporate audience rather than offshore drilling operators.
• Sweep: Sweep is a carbon management SaaS platform for businesses to measure, reduce, and report emissions, with strong workflow and target-setting functionality. It overlaps directly with Stepwise on climate performance management but addresses multi-sector enterprise buyers rather than offshore drilling specifically.
• Optera: Optera provides a SaaS platform for carbon accounting, target setting, and emissions reduction planning for enterprises. Comparable to Stepwise's emissions management and continuous-improvement motion, but positioned as a cross-industry solution rather than a deep offshore energy platform.

Others

• Rystad Energy: Rystad Energy is a leading energy research and consulting firm covering upstream oil & gas, renewables, and the energy transition, including emissions analytics. It is not a direct SaaS competitor to Stepwise but represents the type of data-driven advisory services that Stepwise's platform-plus-SME model partially substitutes for.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/stepwise-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stepwise