{"id":2154,"date":"2020-02-20T14:17:38","date_gmt":"2020-02-20T14:17:38","guid":{"rendered":"https:\/\/n2applied.com\/?p=2154"},"modified":"2021-11-25T12:55:14","modified_gmt":"2021-11-25T12:55:14","slug":"press-release-n2-applied-raises-nok-74-million-for-next-phase-expansion","status":"publish","type":"post","link":"https:\/\/n2applied.com\/2020\/02\/20\/press-release-n2-applied-raises-nok-74-million-for-next-phase-expansion\/","title":{"rendered":"Press release &#8211; N2 Applied raises NOK 74 million for next phase expansion"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>N2 Applied, the Norwegian technology company developing sustainable solutions for food production, has completed a fundraising of NOK 74.4 million from new and existing investors. New shareholders include NorgesGruppen and Joh. Johannson, &#8211; biggest grocery chain in Norway, who have committed a combined sum of over NOK 30 million. Additionally, the company has received further investment from existing shareholders, including Rasmussengruppen, Holta Invest and Blue River Invest.<\/p>\n<p>N2 Applied\u2019s 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.<\/p>\n<p>Grete S\u00f8nsteby, founder and CEO of N2 Applied, states: <em>\u201cOur 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\u2019s 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.\u201d <\/em><\/p>\n<p>N2 Applied\u2019s 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.<\/p>\n<p>N2 Applied\u2019s technology results in increased nitrogen levels in livestock manure, fewer ammonia and greenhouse emissions, and the removal of manure 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.<\/p>\n<p>Ingrid Solberg Gundersen, Head of Communications, states, <em>\u201cNorgesGruppen has invested in N2 Applied as we believe the company holds an interesting technology with a major potential for Norwegian farmers to make food production less resource demanding and more environmentally friendly. Our aim is to contribute to more sustainable agriculture and this solution enables farmers to produce environmentally friendly fertiliser locally by using livestock manure, air and renewable energy.\u201d<\/em><\/p>\n<p>For additional information please contact<\/p>\n<p>K\u00e5re Gunnar Fl\u00f8ystad, +47\u00a0951 80\u00a0221, kare.gunnar.floystad@n2.no<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":2155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[16,5],"tags":[],"class_list":["post-2154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investor","category-latest-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Press release - N2 Applied raises NOK 74 million for next phase expansion - N2 Applied<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/n2applied.com\/2020\/02\/20\/press-release-n2-applied-raises-nok-74-million-for-next-phase-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press release - N2 Applied raises NOK 74 million for next phase expansion - N2 Applied\" \/>\n<meta property=\"og:url\" content=\"https:\/\/n2applied.com\/2020\/02\/20\/press-release-n2-applied-raises-nok-74-million-for-next-phase-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"N2 Applied\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/N2Applied\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-20T14:17:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-25T12:55:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/n2applied.com\/wp-content\/uploads\/2020\/02\/LYS337790_ND_2019_002-e1582208212946.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1985\" \/>\n\t<meta property=\"og:image:height\" content=\"1060\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iris Skjolde\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@n2applied\" \/>\n<meta name=\"twitter:site\" content=\"@n2applied\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iris Skjolde\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/n2applied.com\/2020\/02\/20\/press-release-n2-applied-raises-nok-74-million-for-next-phase-expansion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/n2applied.com\/2020\/02\/20\/press-release-n2-applied-raises-nok-74-million-for-next-phase-expansion\/\"},\"author\":{\"name\":\"Iris Skjolde\",\"@id\":\"https:\/\/n2applied.com\/#\/schema\/person\/cd0b552073ff2f5603daf40a5cf1e031\"},\"headline\":\"Press release &#8211; 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