Montel parts with ISN

Nov 12, 2020 | Green Power Hub

Montel has participated in the start-up of ISN AS, particularly in product development, marketing and sales of memberships to our marketplace for green power-related products, initially Elcerts and Guarantees of Origin.

The service “Green Power Hub” was launched in August 2019 and has since experienced incremental growth in terms of users and traded volumes.

Due to strategic disagreements between the owners of ISN, Montel has opted to sell its minority stake in the project. However, the Green Power Hub service will still be available via Montel’s online service. Montel wishes ISN and the development team behind the service all the best and good luck with the project.

Seed company Sarsia has bought Montel’s shares in ISN and will contribute to the continued development of the service.

– We look forward to cooperating with Montel also in the future, even if they are no longer stakeholders in the company. We would also like to thank Montel for a very productive cooperation so far, says Jon Trygve Berg, chairman of the board in ISN AS.

He adds that changes to the ownership structure will not affect members of the Green Power Hub.