ABG Sundal Collier acted as financial advisor to ZEG Power in connection with the NOK 200 million Series B financing lead by Schlumberger

On 23 September 2022, ZEG Power announced the successful completion of a private placement raising gross proceeds of NOK 200 million. The Series B round was lead by Schlumberger’s New Energy business and complemented by existing owners, private investors and employees.
The capital raise is a significant validation of the ground-breaking ZEG ICC^TM technology for clean hydrogen production from hydrocarbon gas and a solid step towards global expansion and scale.
The lead investor in the round, Schlumberger, joins existing key investors including IFE Invest, Stratel, AP Ventures, Nysnø Klimainvesteringer, SPARX Mirai, StartupLab Founders Fund, Nordea Asset Management and Danske Invest.