Equinor Ventures

What Equinor Ventures does

Equinor Ventures is the corporate venture capital arm of Equinor ASA, Norway's state-majority-owned international energy major, and invests in early-phase energy technology companies to support Equinor's broader transition strategy. Its portfolio spans carbon capture (Captura), geothermal and critical-metals/lithium extraction (Arverne Group's Lithium de France), energy exchange infrastructure (ElectronX), and hydrogen equipment (H2SITE), positioning the vehicle as a strategic scout for the parent's oil, gas, power, and trading businesses.

Equinor ASA, founded in 1972 as the Norwegian state oil company and rebranded from Statoil to Equinor in 2018, combines a substantial oil and gas production base with a growing power business and one of the world's largest energy trading operations. The group is listed on Oslo Børs and the NYSE (ticker: EQNR), is headquartered in Stavanger, Norway, employs 10,000+ people, and trades more than two million barrels of crude and condensate daily, ranking as the world's third largest net seller of crude oil. Its technology footprint includes offshore oil and gas extraction, the Hywind floating offshore wind platform, carbon capture technologies, and energy trading across crude, petroleum products, methanol, natural gas, power, and emission allowances.

Commercially, Equinor generates revenue through upstream oil and gas production sold primarily B2B at market-based prices, large-scale global energy trading, pipeline and LNG exports of natural gas into Europe, and through Equinor Ventures' minority and lead investments in early-phase energy technology companies. Customers span global energy traders and distributors, large industrial energy consumers under long-term offtake and PPA arrangements, and power grids and utilities; the company is majority owned by the Norwegian State, which provides strategic alignment with national energy and climate policy.

Name

Equinor Ventures

Legal name

Equinor ASA

Website

https://equinor.com

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Equinor Ventures is the corporate venture capital arm of Equinor ASA, Norway's state-majority energy major, investing in early-phase energy technology companies across carbon capture, geothermal, lithium extraction, energy trading infrastructure, and hydrogen.

Ownership category

akta.pro rank

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production: Equinor produces and sells crude oil, natural gas, and condensate from its offshore operations primarily in Norway, the North Sea, and internationally.
2. Energy Trading: Equinor trades crude oils, petroleum products, methanol, natural gas, power and emission allowances all over the world. They rank as the world's third largest net seller of crude oil with more than two million barrels traded daily.
3. Ventures and Investments: Equinor Ventures invests in early-phase energy technology companies, including carbon capture, lithium extraction, geothermal, and energy exchange platforms. Participates in funding rounds as a financial investor.

Distribution channels2 records

Marketing channels5 records

Core offering

Equinor Ventures is the corporate venture capital arm of Equinor ASA that invests growth capital in early-phase energy technology companies. Its portfolio spans carbon capture (Captura), geothermal energy and critical metals extraction (Lithium de France/Arverne Group), energy trading infrastructure (ElectronX), and hydrogen equipment (H2SITE), supporting technologies that align with the energy transition.

Product overview

Equinor Ventures is a venture capital and corporate investment vehicle operated by Equinor ASA. It does not offer a unified product platform but rather provides growth capital and strategic investment to energy technology startups across carbon capture, geothermal energy, critical metals extraction, energy trading infrastructure, and hydrogen technologies. The portfolio companies represent distinct, independent product offerings rather than an integrated product suite.

Differentiator

Problem solved

Functional benefit

Products and services

• Equinor Ventures Investment Portfolio

Quantifiable outcome

• NOK 142 billion in value creation in Norway in 2025
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Groupe ADPminorStrategic or Co-development Partner · 25 March 2025Arverne Group completed drilling operations for Groupe ADP and Safran as part of their geothermal development activities in France.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Shell Ventures: Corporate venture arm of Shell plc, investing in early- and growth-stage energy, mobility, and decarbonization technologies. Directly comparable to Equinor Ventures as another oil-major CVC deploying strategic capital into carbon capture, hydrogen, and energy transition startups.
• BP Ventures: Corporate venture arm of BP, investing across electrification, mobility, carbon management, and bioenergy. Highly comparable strategic CVC model with similar thesis around energy transition optionality for an integrated oil major.
• Chevron Technology Ventures: Corporate venture and technology arm of Chevron, deploying capital into low-carbon, digital, and emerging energy technologies. Comparable as an oil-major CVC with similar focus on portfolio diversification into energy transition themes.
• Aramco Ventures: Venture arm of Saudi Aramco investing globally in upstream, downstream, and sustainability technologies. Comparable as a national oil company CVC with deep balance sheet, strategic investor profile, and focus on energy transition and advanced materials.
• TotalEnergies Ventures: Corporate venture and innovation arm of TotalEnergies, investing in renewables, mobility, and digital energy. Comparable integrated oil major CVC pursuing similar transition and digital themes to Equinor Ventures.
• Eni Next: Corporate venture capital arm of Eni, focused on clean energy, circular economy, and advanced mobility. Comparable European integrated energy major CVC with similar decarbonization and hard-to-abate sector focus.
• Saudi Aramco Energy Ventures: The venture capital subsidiary of Saudi Aramco, investing in growth-stage technology companies across the energy value chain. Directly comparable to Equinor Ventures as a national oil company CVC deploying capital into upstream, downstream, and sustainability technologies.

Broad incumbents

• Breakthrough Energy Ventures: Bill Gates–backed climate-focused venture fund investing across power, transportation, buildings, manufacturing, and agriculture. Comparable as a deep-pocketed investor in early-stage decarbonization technologies, though structured as a dedicated fund rather than a corporate CVC.

Emerging players

• Energy Impact Partners: Global venture firm investing in energy transition, decarbonization, and grid modernization startups with LP base that includes several utilities and energy majors. Comparable to Equinor Ventures in backing early-stage energy and climate tech, but with a broader LP-driven model.
• ENGIE New Ventures: Corporate venture arm of ENGIE, focused on startups in renewable energy, energy management, and decarbonization. Comparable as a European utility-major CVC operating with similar strategic transition themes, though anchored in a utility rather than oil and gas parent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/equinor
• Facebookfacebook.com/Equinor
• LinkedInlinkedin.com/company/equinor-ventures
• Instagraminstagram.com/equinor

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments57 records

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

Frequently asked questions about Equinor Ventures