- The Brief
- Our Solution
- Our Challenges
What made the Order Group team fly to Oslo to meet in person and discuss the new project every two weeks? In other words, what was so exciting about Kyotopia? Learn about the history, course, and results of the project in the renewable energy industry, which has been evolving over the last few years.
KYOTO is a start-up from Norway whose founder, during his stay in Kenya, had the opportunity to work on solutions for obtaining solar energy. It was then that he got really hooked on it. He dreamt of redesigning the way people plan and build new settlements. At the heart of this vision was the CSP (Concentrated Solar Panel) plant, a self-sufficient source around which you can build the residential, industrial, and service district.
When he got back to Norway, the concept had already been ready in his head. So he decided to follow his gut and establish a start-up that provides RES infrastructure. Over time, the start-up's focus evolved towards energy in general, with a focus on decarbonizing the market as well as energy storage and trade. Today, the Kyoto Group deals with developing solutions to store and manage the abundant energy from RES and applies it to make the world a greener place.
Kyotopia - the concept and success story in a nutshell
The initial idea was to produce cheap and efficient solar power plants. In order to be able to start the production and the regular operation of a start-up in general, funds were needed. So the Kyotopia project was at first aimed at creating an MVP to test the idea and attract investors.
During the design of the MVP, the original concept changed - ultimately the goal was to create an energy storage system. But most importantly, it worked! Based on the created prototype, the project got funding and went public on the EURONEXT market. Equity from four private placements (Q2 2021) equaled... NOK 183.3 million.
But let's now tell you about the whole path to this success.