Otovo completed the merger with Onvis for NOK445m.

Otovo, a Norwegian technology company, completed the merger with Onvis, an AI-native home-energy company, for NOK445m. “Today marks the beginning of a new chapter for Otovo as we complete this transformative combination and create the world’s first global home energy services company. More than 200,000 solar and home energy jobs have been lost over the past two years, leaving home and business owners with unprotected systems. Otovo is here to fill that gap with the industry’s first ‘rapid response’ service at a reasonable price. We see strong demand for our innovative services and anticipate growing our installed base of 45,000 homeowners to 250,000 active customers by 2028,” William J. Berger, Onvis CEO.