The energy transition is creating one of the most significant investment opportunities of our time. On Eqvor you can invest in unlisted Swedish energy companies in solar power, nuclear power, hydrogen, battery technology and wave power, before they reach the stock exchange.
- 7 Swedish energy companies available on Eqvor today
- Exposure to solar power, nuclear power, hydrogen, battery technology and wave power
- Nuclear power companies with reactor construction under way in Sweden
- Europe's leading venture in green steel and green hydrogen
- Unlisted shares, traded via Eqvor's digital platform
What are energy shares?
Energy shares are shares in companies whose operations are linked to production, storage, distribution or technology development in the energy sector. This can mean renewable energy such as solar, wind and wave power, nuclear power in the form of new SMR reactors, battery technology for energy storage, or hydrogen as a fuel and process material in industry.
Sweden is at the forefront of the energy transition, with several world-leading companies that have not yet reached the stock exchange. Unlisted energy shares give investors the opportunity to take part in this transition at an early stage, with the potential for significant growth in value if the companies succeed in scaling up their operations.
Unlisted energy companies on Eqvor
Below you will find the energy companies currently available for trading on Eqvor. Click on a company to see current information, the share price and how to place an order.
Develops lead-cooled small modular reactors (SMR), with construction of the SEALER test reactor in Oskarshamn under way. Founded in 2013 as a spin-off from KTH. Backed by Sam Altman's Oklo.
View the shareBuilding Europe's largest plant for green steel using fossil-free hydrogen in Boden. Reduces CO2 emissions by up to 95 per cent compared with conventional steel production. Founded in 2020, Stockholm.
View the shareDevelops sodium-ion batteries based on patented Prussian White technology for energy storage, defence and vehicles. Named to the Global Cleantech 100 2026. Founded in 2017, Uppsala.
View the shareSweden's largest solar energy company, with complete solutions for solar panels, energy storage and charging infrastructure for households, businesses and solar parks. Operates in several European countries. Founded in 2014, Stockholm.
View the shareDevelops and manufactures Powerfoyle, a thin and flexible solar cell material that converts all forms of light into energy. Applications in consumer electronics, industry and defence. Founded in 2009, Stockholm.
View the shareDevelops wave energy converters for large-scale electricity production from ocean waves using patented WaveSpring technology. Part of the EU's 30 MEUR project POWER-Farm. Founded in 2012, Stockholm.
View the shareDevelops and installs heat pumps for European households, with vertically integrated operations from manufacturing to installation. Operates in several European countries. Founded in 2022, Stockholm.
View the shareWhy invest in energy shares?
The energy transition is driving massive investment flows globally. Climate targets, rising electricity prices and geopolitical forces have made renewable energy, nuclear power and energy storage strategic priorities for both states and private investors. Companies that succeed in scaling up efficient and competitive solutions have the potential to become very large.
Sweden has a unique position in energy technology, with cutting-edge research and a strong ecosystem of energy companies. Many of these are still in the unlisted phase, which gives investors access to the companies before they may be listed on a regulated market.
Risks to be aware of
Energy companies in early phases are often capital-intensive, with long lead times from research to commercial scale. Regulatory processes, permitting and technical challenges can delay timetables significantly. Unlisted shares have lower liquidity than listed alternatives. Always carry out your own analysis and make sure that energy shares suit your risk level and time horizon.
Frequently asked questions about energy shares
What does it mean to invest in nuclear power shares?
Nuclear power shares are shares in companies that develop or operate nuclear power plants, including next-generation small modular reactors (SMR). SMR companies such as Blykalla are at an early stage where capital is used to develop reactor concepts, build test reactors and secure permits, with the aim of delivering fossil-free baseload power over time. This means a long time horizon and high technical risk, but also great potential if the technology is commercialised.
What characterises hydrogen shares and green hydrogen?
Hydrogen shares are shares in companies that produce, use or enable hydrogen as an energy carrier or industrial process material. Green hydrogen, produced with renewable electricity, is seen as a key component in the decarbonisation of heavy industry. Stegra is a clear example, where hydrogen is used to replace coal and coke in steel production, reducing CO2 emissions by up to 95 per cent.
How do I buy energy shares on Eqvor?
Create an account on Eqvor, choose the energy company you want to invest in and place an order via the platform. Eqvor matches buyers and sellers in the unlisted market. Depending on whether or not the company is connected to Euroclear, the shares are either delivered to your custody account or entered directly in the company's share register.
Company information based on public data and Eqvor's platform data, April 2026.
