BUSINESSJun 24 · 12:00 UTCCANARY MEDIAMaria Gallucci

Norwegian startup raises $6M to fix this sneaky source of energy waste

A Norwegian startup has raised $6 million to address energy waste caused by electric heating cables used in service vessels and drilling rigs, which often operate at full capacity unnecessarily. Mikal Løvik, who worked in Norway’s offshore oil and gas industry, identified this issue.

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Mentioned

Mikal LøvikpersonNorwegian startuporganizationelectric heating cablestopicservice vesselstopicdrilling rigstopicNorwayplaceoffshore oil and gas industrytopic

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