Nysnø invests in companies that provide profitable and smart solutions to the challenges of climate change. This stimulates the development of sustainable businesses and technologies.

A New Landscape

The only way we can halt climate change is by reducing greenhouse gas emissions. Nysnø’s contribution is to make profitable investments in new, climate friendly technology.

Our name symbolises our aspiration to bring aboard new and fresh perspectives; ones that may help create a new landscape. To us, that means reducing the rise in global temperatures, in line with UN’s goals while creating economic profit and contributing to value creation.

Nysnø is a Norwegian sovereign wealth fund geared toward climate investments, and is administered by the Norwegian Ministry of Trade, Industry and Fisheries.

The Road to Zero

We are facing ambitious goals. By 2030, Norway aims to cut its greenhouse gas emissions by at least 40 per cent, compared to the emission levels of 1990. By 2050, emissions must be cut to the levels that they no longer contribute to harmful global warming. At that point, we may call ourselves a low emission society.

To reach this goal, we need measures that not only solve the challenges of climate change, but also ensure value creation. This is where Nysnø enters the scene! A changing world provides many investment and business opportunities. We will search out companies with the smartest solutions, and help them get their products to market more rapidly.

We will co-invest with others who wish to contribute to sustainable investments; investments that are not only profitable, but that move us toward a greener future. Together we can play our part in the effort to build a clean, sustainable and carbon-neutral world by 2050.

Our Board

Nysnø has a well-composed Board of Directors, with many years of experience from finance and from climate friendly technology.

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Siri Kalvig


Siri M. Kalvig holds a Master of Science in Meteorology and has a PhD in offshore wind technology. Prior to her position in Nysnø, Siri headed the research network for clean energy at the University of Stavanger. She has founded several businesses and is actively engaged in finance and start-up companies within environmental technology. Siri began her career as a weather presenter at TV2. Together with TV2 she then established what went on to become the leading global provider of weather intelligence, StormGeo.

Eivind Egeland Olsen

Chief Investment Officer (CIO)

Eivind Egeland Olsen previously held the position as head of corporate finance for SR-Bank Markets. Eivind has extensive financial and investment experience from his time as partner in ABG Sundal Collier, Jefferies & Company’s Cleantech team and The Royal Bank of Scotland in London. Eivind holds a Master of Science in Finance and Economics from the Norwegian School of Economics (NHH) and Warwick Business School (WBS).

Frances Eaton

Chief Legal and Compliance Officer (CLCO)

Frances Eaton is a lawyer and holds a law degree from the University of Bergen. Frances has over 10 years' experience from asset management from her time as head of business support and compliance and as business developer for SKAGEN Funds. She was CEO of Nansen Capital Partners and has experience from the law firm Schjødt and at Total E&P Norway.

Bjørn Munthe

Chief Financial Officer (CFO)

Bjørn Munthe previously held the position as CFO at the Stavanger University Hospital. Bjørn has a Master of Science in Management and Leadership and has extensive experience from major organisations. Prior to this he was vice president and CFO at Ahlsell. Bjørn further worked with finance and investments in SSB Securities AS, later Wunderlicht Securities.

Lars Hvam

Investment Manager

Lars Hvam joined Nysnø in 2019. He has extensive financial and transaction experience from SR-Bank Markets, Swedbank and Fondsfinans, in addition to consulting experience from Econ Pöyry. Lars holds a Master of Science in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU), with specialization in finance.

Jean-Baptiste Curien

Investment Manager

Jean-Baptiste Curien has 15 years of experience within the renewable and cleantech industries. Prior to joining Nysnø, Jean-Baptiste worked with both start-ups and large corporations such as for Ernst & Young and for Total, first in Paris and later in Stavanger. He holds a degree in engineering from École Polytechnique and École Nationale des Ponts & Chaussées in France.