AVG Group has invested in GreenStat to help the firm expand its hydrogen presence in the United States and around the world.
GreenStat, located in Norway, aspires to be a part of the country’s overall shift away from oil and gas and toward renewable energy.
The company now wants to position itself as a renewable energy market leader in Norway and beyond.
The majority of GreenStat’s attention has been on investments in hydrogen infrastructure and technologies to achieve Norway’s collective aim.
GreenStat received funding from Aker Solutions, a former Norwegian oil and gas development company, earlier this year.