Residential Solar Energy Marketplace
Otovo is a Norwegian solar energy company that offers homeowners customized pricing solutions for roof-mounted solar panels. The company has developed a unique marketplace platform with hundreds of installer companies that bid on projects using algorithms. This platform solution connects customers with installers quickly and efficiently, making it easy for private households to obtain locally sourced and renewable energy produced on their own roofs.
Otovo was founded in 2016, and within its first year, the company became the market leader in Norway for the sale of solar cells to private homes. Otovo has since become the leading marketplace for solar cells in Europe, having sold and completed over 30,000 solar energy projects across the continent.
Otovo has created a solution that enables accelerated growth for decentralized local solar power production in many countries. By shortening the link between private customers and installers, their marketplace platform streamlines the large-scale rollout of private solar panel systems, which in turn contributes to accelerating the shift towards more distributed solar energy and a sustainable economy.