Raykoon

Raykoon is a multinational technology and renewable energy company headquartered in Oslo, Norway, with a secondary office in Singapore. Founded in 2012 by former engineers from the Norwegian Energy Research Institute, the company set out to provide integrated solutions for the transition to low‑carbon energy systems. Its core offerings include solar‑thermal panel manufacturing, energy storage systems, and software platforms for grid management. In addition to hardware, Raykoon has invested heavily in research and development, operating a large experimental plant in Trondheim that tests advanced materials such as perovskite solar cells and lithium‑sulfur batteries.

The company’s growth accelerated after a 2017 partnership with the European Union’s Horizon 2020 program, which funded large‑scale pilot projects in the Mediterranean and Eastern Europe. By 2020 Raykoon supplied more than 4 GW of solar panels for public‑sector initiatives across 22 countries. In 2021 a strategic acquisition of the Danish battery vendor Enertech expanded Raykoon's presence in the Nordic market and diversified its product line toward electric‑vehicle infrastructure.

Raykoon’s corporate structure follows a typical public‑company model. Its shares are listed on the Oslo Stock Exchange under ticker “RYK” and trade with a market capitalization of approximately €2.5 billion. The board of directors comprises eleven members, including the founder and CEO, Ingrid Håstad, and independent directors with experience in sustainability, finance, and supply‑chain logistics. Raykoon operates under strict environmental, social, and governance (ESG) standards, routinely publishing annual sustainability reports and aligning its strategy with the United Nations Sustainable Development Goals.