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NorSun logo — Our mission is to be a leading manufacturer of silicon ingot...

NorSun

Our mission is to be a leading manufacturer of silicon ingots and wafers for premium solar cells

Founded 2005 Norway Norway 79 employees Private Equity Total: $1.38B Energy, Manufacturing +1

General Information

Company Name NorSun
Founded Year 2005
Location Norway Norway
Founders / Decision Makers
Team member Team member
Employees 79
Industries Energy, Manufacturing, Renewable Energy
Funding Stage Private Equity
Social

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About NorSun

NorSun is a Norwegian solar energy company that specializes in the manufacturing and marketing of high performance mono-crystalline silicon ingots and wafers for the global solar energy industry. With a founding year of 2005, NorSun is dedicated to producing high efficiency n-type wafers and ensuring sustainable production with low CO2 emissions. The company operates a modern production facility in Årdal, western Norway, powered by low-cost renewable hydropower, resulting in very low emissions from production. NorSun's slogan, "Our mission is to be a leading manufacturer of silicon ingots and wafers for premium solar cells," encapsulates their core objective. Their recent kr90.00M Private Equity Round investment on 11 August 2023 has attracted noteworthy investors such as Statkraft Ventures, Scatec Innovation, Nysnø, Årdal Energi, and ABN AMRO Fund. As an established supplier to tier-one cell manufacturers, NorSun's detailed and aggressive technology development and cost roadmap ensures a competitive price model. Their focus on sustainable production and high-performance products positions them as a promising player in the Energy, Manufacturing, and Renewable Energy sectors.

Business keywords: solar energy manufacturing, mono-crystalline silicon, ingots and wafers production, high efficiency n-type wafers, sustainable production, low CO2 emissions, renewable hydropower, technology development, competitive pricing, quality manufacturing, innovation in solar energy, high efficiency solar cells, economies of scale, technological advances, affordable solar energy conversion

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round kr90.00M 5
Statkraft Ventures Scatec Innovation
Statkraft Ventures, Scatec Innovation +3
11 Aug 2023
Debt Financing kr650.00M 2
DNB Nordea
DNB, Nordea
10 Mar 2009
Private Equity Round kr500.00M 3
Scatec AS, Norsk Hydro ASA +1
10 Mar 2009
Venture Round $8.45M 1
Itochu
Itochu
16 Dec 2006
Venture Round $23.00M 1
Norsk Hydro ASA
09 Nov 2006
Private Equity Round $105.79M 3
Itochu
Itochu, Norsk Hydro ASA +1
07 Nov 2006

NorSun Alternatives & Competitors

View All Alternatives
NorSun vs
Norwegian Crystals
Norwegian Crystals Norway

Norwegian Crystals manufactures industry-leading, certified Ultra Low Carbon Footprint monocrystalli...

Venture round
14 employees
Manufacturing, Renewable Energy
Compare NorSun vs Norwegian Crystals
NorSun vs
Astronergy Solar
Astronergy Solar China

Solar Together, For A Greener World

Series C
363 employees
Energy, Industrial
Compare NorSun vs Astronergy Solar
NorSun vs
AIKO Energy
AIKO Energy Germany

Leading humanity into the carben-free era

Venture round
320 employees
Energy, Manufacturing
Also compare with: NorSun vs Absolicon Solar Collector AB Absolicon Solar Collector AB View all alternatives

FAQ About NorSun

Our mission is to be a leading manufacturer of silicon ingots and wafers for premium solar cells
NorSun was founded in 2005.
NorSun is headquartered in Norway.
NorSun operates in Energy, Manufacturing and Renewable Energy. Its work centres on solar energy manufacturing, mono-crystalline silicon, ingots and wafers production and high efficiency n-type wafers.
NorSun has approximately 79 employees.
NorSun has completed 6 funding rounds, raising a total of $1.38B. The latest funding stage is Private Equity.
Top alternatives and competitors to NorSun include Norwegian Crystals, Astronergy Solar, AIKO Energy, MiaSolé, Absolicon Solar Collector AB. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
NorSun and Norwegian Crystals are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for NorSun, https://bouncewatch.com/company/norsun, updated 3 March 2025. When citing, please name BounceWatch and link this page.

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