We’re in the business of creating businesses…

Renewable energy

To be able to provide energy to a growing population in a sustainable way, it will have to be climate neutral. This will inevitably result in the reduction in fossil fuel consumption and electricity will increasingly become the preferred energy carrier.

In Scatec, we are looking into new ways to produce renewable and climate neutral energies, as well as enabling technologies, parts and components.

Advanced materials

A more sustainable future will require advanced materials. Lighter, stronger, and more durable materials produced in an energy efficient way with increased opportunity for re-cycling will be beneficial both to the environment and the consumers. Lighter and stronger materials will require less energy in all moving objects, more durable components will reduce repairs and necessary substitution. In total this will reduce energy consumption throughout the value chains.

Scatec is among others involved in novel titanium production technologies and advanced separation of rare earth elements.


Scatec Solar signed a Joint Development Agreement with Africa50 and Norfund, securing investment into the 100 MW Nova Scotia Power plant located in the Northern Nigerian state of Jigawa. Read more

The second phase of a five-year trial-operation of thorium based nuclear fuels is now under way in the Halden research reactor. Read more

News archive

Our portfolio of companies

Scatec contribute to innovation within the fields of renewable energy and advanced materials. We are paving the way for new ideas to be developed into new, sustainable businesses, to the benefit to both our society and our shareholders. Our present portfolio of companies range from start-ups to a listed company

Scatec Solar ASA is an integrated independent solar power producer, listed on the Oslo Stock Exchange. Go to site

NorSun produces single crystal silicon wafers used in the production of high efficiency solar cells.
Go to site

Norsk Titanium is using its game changing Direct Metal Deposition technology to produce complex, high quality Ti components.
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Thor Energy provides validated fuel designs and engineering services for thorium based nuclear fuels.
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REEtec develops businesses related to rare earth elements based on a new and unique separation technology.
Read more or Go to site

TEGma develops materials and technologies for thermoelectric modules converting waste heat to electricity.
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Keep-it Technologies reacts to time and temperature and shows accurate shelf life.
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Phase and ownership

Scatec’s strength lies within the development phase; to identify and efficiently develop and industrialize promising new technologies. In general, Scatec manages and finances early phase development on its own.

When the start-up company has reached the ”proof of concept” stage where the probability of success is regarded as high and the company is ready for large-scale industrialization, we look for external financing.  Normally, Scatec will seek other investors and industrial partners to (co-)lead the large-scale industrialization and commercialization phase.

Scatec is first of all a catalyst for new business ideas and an incubator for high-tech companies. Our small, corporate organization has all the competence needed to establish a company, including technology and business development, finance, legal, human resources, communications and office support.

This allows Scatec to provide our start-ups with a complete management team from the onset, carrying out the organizational and practical elements involved in the creation and operation of a new business, injecting power and structure into new ideas.

SCATEC’s VISION is to create value and to make the world a little cleaner. Our business idea is to develop and implement new technology to produce renewable energy and advanced materials.

Founded by Alf Bjørseth in 1987

In 1994, Dr. Bjørseth set up ScanWafer, a company within the global solar industry that specialized in the production of multi-crystalline silicon wafers. He later established a further three companies related to solar cell and module production, as well as a solar module installation company.

These companies were in 2000 merged into one holding company known as Renewable Energy Corporation (REC), of which Dr. Bjørseth served as President and CEO from the onset. REC was listed on the Oslo Stock Exchange in 2006 and was at the time one of the largest solar energy companies in the world.

When the IPO of REC was decided in 2005, Dr. Bjørseth retired as CEO in order to focus his time on developing new business ideas within his private company Scatec AS which he founded in 1989. These efforts have so far resulted in one more IPO, when  the integrated independent solar power producer, Scatec Solar ASA, was listed on the Oslo Exchange in 2014.

Board and Management

Alf Bjørseth
Founder and Chairman

Rita Antonsen
Administrative Assistant

Linda Helland
Legal Counsel

Ole Grimsrud
VP Research and Development

Jan Magnussen
VP Business Development

Jørgen Dale
VP Business Development

Øystein Asphjell
CEO Thor Energy

Sven Røst
VP Communications

General inquiries

Scatec AS

Tlf + 47 974 14 000
Fax +47 2255 7520

Office and post:
Karenslyst allé 9C
NO-0278 Oslo, Norway

Press inquiries

Sven Røst
Vice president Communications

+47 932 53 196