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Glint Solar - The Underlying Factors Behind The Start-Up's Growth

Kachel, Jacob Bjelke
Bachelor thesis
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URI
https://hdl.handle.net/11250/3002950
Date
2022
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  • NTNU Handelshøyskolen [1154]
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Abstract
 
 
This thesis investigates the case of the Norwegian start-up Glint Solar. The start-up was founded in March 2020 by Even Kvelland, Harald Olderheim, and John Modin. Glint Solar operates in the solar industry, which is a fast-growing market. One of the bottlenecks for solar companies in conjunction with building solar parks is finding the best location for the solar farm. The best position could be where the best margins are or where the solar panels can be the most effective based on solar strength, incline, proximity to power grids, local restrictions, landlords-information, etc. Today, solar companies spend time-consuming and ineffective research to map where it’s best to establish solar farms. Glint Solar helps the solar companies with this issue, offering a software product with many data points related to all necessary factors to think about in conjunction with finding the best location to build a solar farm, thus simplifying the process for the solar companies.

The study explores the dimensions behind the growth of Glint Solar. The goal has been to investigate how Glint Solar has achieved its growth. Thus, Glint Solar’s timing in the market, the team, the product and differentiators, the business model, networks, funding, and motivational factors, have been reviewed. The data collection method chosen is interviews with the co-founders of Glint Solar. Eventually, there is a conclusion where the main findings are summarized and highlighted.
 
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NTNU

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