EQON
Summary active Updated Jun 29, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
EQON is a Norwegian climate technology company based in Stavanger that develops a patented dimming solution and cloud-based software layer for industrial heating cables 12. EQON replaces traditional on/off heating cable management with intelligent, real-time power regulation, delivering the precise amount of heat required at any moment and cutting energy consumption and CO₂ emissions by up to 80 percent 123. Applications include process heating for food and chemical production, frost protection on ships, rigs and offshore assets, railway points heating, and other resistive heating loads 12. In a pilot in Olavskleivå for the municipality of Stavanger, the company reported an 84% annual electricity reduction 13.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-24 | Seed | $6M | Azolla Ventures, Wilstar Innovate | Climentum Capital, Gain Venture Capital 123 |
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
“Our technology addresses several of the major challenges in the global energy transition: infrastructure constraints, limited energy supply, and inefficiencies in energy use.” — Mikal Løvik, CEO, EQON, in the company’s June 24, 2026 announcement 1
Sources
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GlobeNewswire, “EQON Closes $6M Seed Round to Globally Scale Industrial Heating Cable Technology,” June 24, 2026. Accessed June 2026. https://www.globenewswire.com/news-release/2026/06/24/3316755/0/en/eqon-closes-6m-seed-round-to-globally-scale-industrial-heating-cable-technology.html↩↩↩↩↩↩
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FinSMEs, “Eqon Raises $6M in Seed Funding,” June 2026. Accessed June 2026. https://www.finsmes.com/2026/06/eqon-raises-6m-in-seed-funding.html↩↩↩↩
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Canary Media, “Norwegian startup raises $6M to fix this sneaky source of industrial emissions,” June 2026. Accessed June 2026. https://www.canarymedia.com/articles/energy-efficiency/eqon-heating-cable-industrial-decarbonization-funding↩↩↩