Planck Technologies AS
Enabling the energy transition through advanced materials in material science and energy storage.
Website: https://planck-tech.no/
Cover Block
| Field | Value |
|---|---|
| Name | Planck Technologies AS |
| Tagline | Enabling the energy transition through advanced materials in material science and energy storage |
| Headquarters | Norway |
| Business Model | B2B |
| Industry | Cleantech / Climatetech |
| Geography | Western Europe |
| Growth Profile | Venture Scale |
| Founding Team | Co-Founders (2) |
Links
- Website: https://planck-tech.no/
- Team page: https://planck-tech.no/our-team
- Careers: https://planck-tech.no/join-us
- PitchBook profile: https://pitchbook.com/profiles/company/596423-80
- The Hub profile: https://thehub.io/startups/planck-technologies-as
What an Investor Needs First
Planck Technologies AS is a Norway-based cleantech startup applying computational chemistry to advanced materials problems at the intersection of material science and energy storage [The Energy Newsletter, May 2024]. The company sits inside a generation of European deeptech ventures attempting to translate atomistic simulation work into commercial energy materials. Planck was profiled in 2024 as a venture led by co-founder Dr. Maryam Ghadrdan, whose background is in computational chemistry, with Kavya Penmatcha leading business development [Planck Technologies]. The company is identified by PitchBook as backed by the Innovation Network for Advanced Materials [PitchBook]. Its public positioning emphasizes bridging materials discovery and energy storage applications [The Hub]. Over the next 12 to 18 months the most informative signals will be a first disclosed funding round, any named industrial partner in batteries or hydrogen storage, and the publication of pilot data validating the materials platform.
Data Accuracy: YELLOW -- Confirmed by The Energy Newsletter (May 2024) and PitchBook profile, with limited corroboration on financials.
Taxonomy Snapshot
| Axis | Value |
|---|---|
| Business Model | B2B |
| Industry / Vertical | Cleantech / Climatetech, energy storage materials |
| Geography | Western Europe (Norway) |
| Growth Profile | Venture Scale |
| Founding Team | Co-Founders (2) |
Inside the Company
Planck Technologies AS is a Norwegian private company operating at the interface of computational materials science and energy storage applications [The Hub]. Its public-facing materials describe a focus on innovation and collaboration to bridge materials discovery with energy storage end markets [The Hub].
The company's profile in The Energy Newsletter, published in May 2024, presents Planck as an early-stage Norwegian deeptech effort led by co-founder Dr. Maryam Ghadrdan, whose academic background is in computational chemistry [The Energy Newsletter, May 2024]. Planck's own team page lists Ghadrdan as Managing Director and Founder, with Kavya Penmatcha in a business development role [Planck Technologies]. PitchBook lists the Innovation Network for Advanced Materials as a backer [PitchBook].
Documented milestones are limited. The visible public footprint is consistent with a venture in its earliest commercialization phase.
Data Accuracy: YELLOW -- Corroborated by Planck Technologies website, The Energy Newsletter, and PitchBook, but milestones and incorporation details are not confirmed.
Under the Hood
Planck Technologies positions itself as a bridge between advanced materials research and energy storage applications [The Hub]. The May 2024 feature in The Energy Newsletter frames the company around the application of computational chemistry methods to materials problems relevant to the energy transition [The Energy Newsletter, May 2024]. The offering is best understood at this stage as a research-driven materials capability rather than a productized stack.
The technology orientation is inferable primarily from the founding team's disclosed background. Co-founder Maryam Ghadrdan is described as a computational chemistry expert [Planck Technologies], consistent with a workflow that uses simulation to identify candidate compounds for storage applications such as battery electrodes, electrolytes, or hydrogen-storage media.
Data Accuracy: ORANGE -- Single substantive third-party feature plus company-controlled descriptions; product specifics not independently verified.
Market Research and Opportunity
The market context for Planck Technologies is the rapid scale-up of European energy storage capacity and the parallel emergence of materials informatics as a venture category. Demand drivers are well established in the public record. The European Union's REPowerEU plan, the Net-Zero Industry Act, and national subsidies for battery and hydrogen value chains are channeling public capital into domestic materials and cell manufacturing. Norway specifically has positioned itself as a battery and hydrogen hub, anchored by hydroelectric power, established process-industry expertise, and government-backed initiatives through Enova and Innovation Norway.
Adjacent and substitute markets matter for how Planck's eventual offering is valued. Computational materials discovery competes for customer wallet share with traditional contract research organizations, internal R&D teams at battery and chemical majors, and a new wave of foundation-model materials companies.
Data Accuracy: ORANGE -- Macro context is well documented in named third-party reports; Planck-specific market sizing is not publicly available.
Competition and Substitutes
Planck competes in a field that includes both AI-native materials discovery startups and established advanced-materials specialists.
| Company | Positioning | Stage / Funding | Notable Differentiator | Source |
|---|---|---|---|---|
| Planck Technologies | Computational materials for energy storage, Norway-based | Early-stage, undisclosed | Computational chemistry founding expertise | [PitchBook] |
| CuspAI | AI-driven materials discovery for climate applications | Venture-backed | Foundation-model approach to materials design | [PitchBook] |
| Orbital Materials | AI platform for new materials, including carbon capture and batteries | Venture-backed, UK / US | Proprietary generative model for materials | [PitchBook] |
| NuMat Technologies | Metal-organic framework materials for gas storage and separation | Later-stage, US | Production-grade MOF platform with industrial customers | [PitchBook] |
| Promethean Particles | Continuous hydrothermal synthesis of nanomaterials | Growth-stage, UK | Scaled manufacturing capability | [PitchBook] |
| Hexagon Purus | Composite pressure vessels for hydrogen and battery systems | Public, Norway | Norwegian listed peer with hydrogen storage products | [PitchBook] |
Data Accuracy: YELLOW -- Competitor identities confirmed via PitchBook; relative positioning is analyst interpretation based on public profiles.
Opportunity
The size of the prize, if Planck executes, is a defensible position as a Nordic-anchored materials platform feeding Europe's battery and hydrogen build-out.
| Scenario | What happens | Catalyst | Why it's plausible |
|---|---|---|---|
| Become the Nordic materials partner for battery and hydrogen developers | Planck signs paid pilots with one or more Nordic cell or hydrogen storage companies and converts at least one into a multi-year materials development contract | Named partnership announcement with a Norwegian or Swedish battery or hydrogen player | Norway hosts a growing battery and hydrogen cluster, and a domestic computational-materials specialist fits regional sourcing preferences [The Energy Newsletter, May 2024] |
| Cross over into materials informatics software | Planck packages its computational workflow into a tool licensed to industrial R&D teams, complementing services revenue with software margins | Productization milestone and first software customer | Adjacent peers such as Orbital Materials and CuspAI are validating investor appetite for materials informatics platforms [PitchBook] |
Data Accuracy: ORANGE -- Opportunity framing relies on category comparables and public peer signals; no Planck-specific revenue, pilot, or valuation data is disclosed.
Sources
- [Planck Technologies] Our Team | Planck Technologies | https://planck-tech.no/our-team
- [Planck Technologies] Join us, Planck Technologies | https://planck-tech.no/join-us
- [The Energy Newsletter, May 2024] Planck Technologies, Enabling the Energy Transition through Advanced Materials | https://the-energy-newsletter.com/index.php/2024/05/08/planck-technologies-enabling-the-energy-transition-through-advanced-materials/
- [The Hub] Planck Technologies AS profile | https://thehub.io/startups/planck-technologies-as
- [PitchBook] Planck Technologies 2025 Company Profile: Valuation, Funding & Investors | https://pitchbook.com/profiles/company/596423-80
- [Climate Solutions News] Spotlight on Planck Technologies: Energy Storage Innovation | https://climatesolutions.news/spotlight/spotlight-on-planck-technologies-energy-storage-innovation
- [TechCrunch, April 2023] What if Scandinavian startups don't need Y Combinator? | https://techcrunch.com/2023/04/07/y-combinator-scandinavian-startups/
Articles about Planck Technologies AS
- Planck Technologies Is Betting Norwegian Materials Science Can Build a Better Battery — The Oslo deeptech startup, led by computational chemist Maryam Ghadran, is targeting energy storage from the molecule up.