Hans Olav Kvalvaag

Hans Olav Kvalvaag is the CEO of Release by Scatec, a company that offers flexible leasing solutions for pre-assembled solar PV and battery equipment.12 Here are some key details about his background and role:

Professional Experience

• Kvalvaag joined Scatec in June 2015 as VP of Business Development responsible for the Americas.1
• He became CEO of Release by Scatec in June 2022.2
• Prior to his current role, he served as SVP New Ventures at Scatec Solar from June 2017 to August 2022.2

Background and Education

• He is a lawyer by training, having graduated from the University of Oslo in 2000.1
• Before joining Scatec, Kvalvaag worked as:
  • A consultant at McKinsey
  • A lawyer at Selmer
  • Various management positions at Norsk Hydro and Ard Group1

Role at Release

As CEO, Kvalvaag has been instrumental in:

• Developing Release's business concept of offering flexible, clean, and reliable power solutions to private and public companies.2
• Targeting mining operations, utilities, and humanitarian hubs across emerging markets.2
• Overseeing projects in countries such as South Africa, Mexico, Cameroon, South Sudan, Chad, Namibia, and Norway.2

Recent Achievements

Under Kvalvaag's leadership, Release has:

• Raised $102 million in funding from Climate Fund Managers in July 2023 to accelerate growth ambitions.3
• Extended solar plants in Cameroon by 28.6 MW solar and 19.2 MWh battery storage in June 2024.4

Hans Olav Kvalvaag's diverse experience in law, corporate finance, and general management, combined with his focus on renewable energy, has positioned him well to lead Release by Scatec in its mission to provide innovative solar and battery solutions in emerging markets.