N2 Applied raises £6m investment to propel UK market entry

N2 Applied, the Norwegian technology company developing sustainable solutions for food production, has completed a fundraising round of £6m from new and existing investors. New shareholders include NorgesGruppen and Joh. Johannson, – biggest grocery chain in Norway. Additionally, the company has received further investment from existing shareholders, including Rasmussengruppen, Holta Invest and Blue River Invest.

N2 Applied’s solution enables farmers and those working across agriculture to produce their own environment-friendly fertiliser by using livestock manure or digestate, air and renewable energy.

Grete Sønsteby, founder and CEO of N2 Applied, states: “Our solution will contribute to increased food production, with lower emissions and without expanding land use. We are now entering a pilot phase and are installing units at farms in several of our markets to prove the attractiveness of N2’s platform. The calibre of the investors demonstrates the commercial potential of N2 Applied and the need to provide sustainable agriculture with reduced emissions and improved food production.”

N2 Applied’s solution enables its users to recycle, keeping the nutrients in the farm-cycle and converting them to an efficient fertiliser. The solution contributes to lower emissions, increased resource efficiency and reduces the need for fossil based chemical fertiliser. The installation of machines on site will subsequently use air and renewable energy to process livestock manure and other biological waste.

N2 Applied’s technology results in increased nitrogen levels in digestate, fewer ammonia and greenhouse emissions, and the removal of odour. The local production of environment-friendly nitrogen fertiliser provides a higher yield for the farmer and can be spread with the same equipment as currently used.

The recent round of funding will enable the company to progress further with installations in key markets such as the UK bioeconomy, farming and anaerobic digestion markets.

For additional information please contact

Chris Puttick , chris.puttick@n2.no

Press release – N2 Applied raises NOK 74 million for next phase expansion