Deals Counterparts

Otovo USA

company 1 Deal 1 Partner

Otovo is a leading European residential solar energy company operating an online marketplace that connects homeowners with local solar installers. The company focuses on making solar energy accessible and affordable through a digital platform, offering both subscriptions and outright purchases. In the USA, Otovo operates through its subsidiary EnergySage, providing a similar marketplace service for residential solar and related home energy solutions.

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Founded 2016
Renewable Energy CompanyDeveloperOperator

Strategic Overview

  • Focuses on a digital-first, online marketplace model to simplify the residential solar installation process.
  • Strong emphasis on the residential market segment, offering both direct sales and subscription models.
  • Expansion strategy includes both organic growth in existing European markets and strategic acquisitions (like EnergySage) for new market entry, particularly in the USA.
  • Aims to make solar energy more accessible and affordable for homeowners through competitive pricing and flexible financing options.

Deal Activity from Public Sources

Otovo acquires US solar marketplace EnergySage to expand into the US market
Acquisition Solar PV USA February 2022 with EnergySage

Investment Focus

Technologies
Solar1
Geography
US1

Key People

Andreas Thorsheim
CEO
Petter Ulset
CFO

Track Record

200
MW Total
20000
Deals Completed
8
Years Active

Detailed Analysis

Technologies
Solar PVBattery StorageEV Charging
Sectors
Energy TransitionUtilities
Geographies
USA (1 deal)NorwaySwedenFinlandFranceGermanyItalySpainPolandAustria
Deal Stage
GreenfieldOperating

Subsidiaries

EnergySage (USA)
Track Otovo USA