# Nord/LB

> Nord/LB is a VC fund in Hanover backing Energy and Renewable Energy. See 37 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Hanover, Germany
- Total investments: 37
- Last investment: Jun 2026
- Lead investor: 35%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/nordlb/?originalSubdomain=de
- X (Twitter): https://twitter.com/nord_lb
- Website: https://www.nordlb.com/
- Facebook: https://www.facebook.com/NORDLB/

Nord/LB is a commercial bank that provides financial services to individuals, businesses and government agencies.

## Contacts

5 contacts available for Nord/LB. Shizune tracks 2 team members at Nord/LB. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/nord-lb-1fee?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 14 | 38% |
| Renewable Energy | 14 | 38% |
| Solar | 5 | 14% |
| Financial Services | 3 | 8% |
| Finance | 2 | 5% |

41 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 26 | 70% |
| Post-IPO Debt | 2 | 5% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 11 | 30% |
| United Kingdom | 7 | 19% |
| Germany | 3 | 8% |
| Lithuania | 2 | 5% |
| Israel | 1 | 3% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Nicolai Dillow | Managing Director | 1 | — |
| Sondra Martinez | Head of Project Finance-Origination | 1 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Clenera | Clenera is a privately-held renewable energy company acquires, develops, builds and manages utility-scale solar farms and energy storage facilities. Clēnera provides reliable, affordable energy systems and helps its utility partners become clean energy leaders in their communities. | $2.6B | Debt Financing | Jun 25, 2026 |  |
| OX2 | OX2 offers renewable energy solutions. They operate in solar energy, on-shore and offshore wind farms, energy storage, and technical and business management solutions. They also work on projects involving energy storage and hydrogen. |  | Debt Financing | Jun 01, 2026 |  |
| AtlasEdge | AtlasEdge is an edge data center business with a mission to create the leading-edge platform, delivering seamless, localized and ultra-low latency digital infrastructure to customers. They provide a wide range of direct connectivity options to enable connectivity within their datacenters. All cabling is installed and managed by AtlasEdge and itsengineering team to ensure speed of installation and guaranteed quality and management. | $1.4B | Debt Financing | May 28, 2026 |  |
| Sunraycer | Sunraycer offers clean energy solutions and capital for renewable energy projects. | $901M | Debt Financing | May 14, 2026 |  |
| Pulse Clean Energy | Pulse Clean Energy builds and operates power stations. We deliver power into the UK’s network when it is most needed. | $70.9M | Debt Financing | Apr 28, 2026 |  |
| NTR plc | With almost 40 years of experience in investing in and managing infrastructure assets, NTR now applies that expertise on behalf of investors who wish to avail of the attractive, reliable cash flows that quality sustainable infrastructure assets can provide.Their immediate term focus is to complete their third investment cycle in onshore windprojects, adding circa 250-300MW to the projects already built and operated by the group over two previous investment cycles. In addition, they are actively seeking solar projects in certain European countries. | $67.2M | Debt Financing | Apr 16, 2026 |  |
| GridStor | GridStor is a rapidly growing developer, owner, and operator of battery energy storage systems. | $120M | Debt Financing | Mar 09, 2026 |  |
| Koiviston Auto | Koiviston Auto Group is the largest bus operating company in Finland, celebrating its 90th anniversary this year. The Group’s turnover is EUR 169 million, it employs 2100 people and operates with 1000 buses. The bus companies Helsingin Bussiliikenne, Jyväskylän Liikenne, Koiviston Auto, Koskilinjat, Kuopion Liikenne, Porvoon Liikenne and SatakunnanLiikenne operate a nationwide network across Finland from Helsinki to the northern Ivalo and Kilpisjärvi, serving 6.8 million passengers every month. The major part of the Group’s turnover comes from tendered local bus transport contracts. | $354.7M | Debt Financing | Feb 23, 2026 |  |
| Sun Investment Group | Sun Investment Group is a development and investment management company focused on the solar energy industry. | $38.3M | Debt Financing | Feb 18, 2026 |  |
| Terra-Gen | Terra-Gen was established in August 2007, led by an experienced executive management team averaging over 25 years of relevant industry experience. The team has contracted or re-contracted over 10,000 MW of power generation facilities and has developed or acquired over $25 billion in assets over their careers. | $383.3M | Debt Financing | Dec 02, 2025 |  |

10 of 37 investments shown.

## Co-investors
- [MUFG Bank](https://shizune.co/investors/profile/mufg-bank) — VC Fund, 10 deals together
- [ABN AMRO Bank](https://shizune.co/investors/profile/abn-amro-bank) — VC Fund, 5 deals together
- [Credit Agricole CIB](https://shizune.co/investors/profile/credit-agricole-cib) — VC Fund, 5 deals together
- Natixis Corporate & Investment Banking — VC Fund, 5 deals together
- [NatWest](https://shizune.co/investors/profile/natwest-4984) — VC Fund, 4 deals together
- [Rabobank](https://shizune.co/investors/profile/rabobank) — VC Fund, 4 deals together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Nord/LB invest in?

Nord/LB invests primarily in Energy, Renewable Energy and Solar startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 37 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Nord/LB?

Public channels for Nord/LB include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Nord/LB?

The team at Nord/LB includes Nicolai Dillow (Managing Director) and Sondra Martinez (Head of Project Finance-Origination). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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