Heimdall Power

Norway - Oslo

• 17/07/2024
• Series B
• $25,000,000

Heimdall Power offers a comprehensive solution to support real-time, data-driven decision-making for the operations and planning of high-voltage power lines. We develop intelligent multi-vector sensors, known as Neurons, that measure a wide range of parameters—such as conductor temperature, current, angle, and vibrations—on overhead power lines. These insights are presented through a user-friendly web-based software solution.

Our advanced models help identify available capacity, allowing for the deferral of large grid investment costs and the maximization of renewable energy integration from intermittent sources like wind and solar. Our software generates relevant power line forecasts, minimizes the risk of blackouts, and enhances the effectiveness of maintenance efforts. Users can access live insights, receive tailored alarms, and generate customized reports.

With better control and real-time data, Heimdall Power enables the safe optimization of energy distribution, ensuring a more reliable and efficient power grid.

Related People

Jørgen FestervollFounder

Norway - Oslo, Oslo

Heimdall Power is dedicated to enabling the ongoing, global energy transition on our way to net zero! By providing safe, reliable and affordable grid capacity monitoring at scale, we enable utilities around the world to handle congestions, load growth and new interconnections, quickly and safely!

I joined Heimdall Power as a member of the board in March of 2021, became Chairman of the Board in Dec 2022, and took over as CEO in February 2023, leading the company's strategy, growth, and operations. Prior to that, I was the VP of Renewable Opportunities at Saga Pure, the first and only listed investment company at Oslo Stock Exchange dedicated to sustainability investments, where I led the deal sourcing, due diligence, and portfolio management of several innovative companies in the green energy space. I also have a strong background in SaaS, having worked for three years at the Swedish SaaS company Wide Narrow, growing their business internationally. I hold an M.Sc in Business Administration (Siviløkonom) from NHH Norwegian School of Economics, and I am a Certified Energy Manager (CEM) and an IPOready graduate.

LinkedIn https://www.linkedin.com/in/j%C3%B8rgen-festervoll/