Norway-based energy companies Hafslund and Eidsiva are combining their corporate venturing activities with the aim of increasing clean technology growth in the region.

Corporate venturing units Hafslund Venture and Eidsiva Vekst signed an agreement on 22nd December to merge their portfolios and investment activities, and will combine their future activities under Energy Future Invest (EFI), an additional existing corporate venturing fund owned by Eidsiva.

Hafslund Venture is operated by Norwegian power company Hafslund. Hafslund operates the power grid and district heating in Norways capital, Oslo, and the city of Oslo holds a majority stake in the business. Finland-based energy company Fortum owns a…