Renewable energy jobs at Otovo

Otovo’s platform has facilitated thousands of residential solar installations across Europe, with approximately 1,200 installations completed in Q4 2024 alone, generating NOK 163 million in revenue during that quarter (source: euronext.com). The company tracks its performance through metrics such as installed units, revenue generated, and contracted subscription revenue, which stood at NOK 930 million by the end of 2024 (source: euronext.com). Otovo’s marketplace model enables it to operate across multiple countries without owning installation fleets, positioning it as a software-driven originator of residential solar assets (source: investor.otovo.com).

In 2024, Otovo executed a major restructuring program that reduced its workforce by approximately 200 positions and lowered payroll costs by 40% year over year, concentrating about 40% of its full-time employees in its Madrid hub (source: euronext.com). The company targeted cost savings of NOK 200–225 million through this program and reported FY 2024 EBITDA of minus NOK 317 million (source: mfn.se). By mid-2025, Otovo continued focusing on its core marketplace model with steady revenue streams and a leaner organizational structure (source: euronext.com).

Otovo offers roles primarily in commercial, engineering/product development, operations, finance, and corporate functions that support its digital marketplace and installer network. The company has shifted a significant portion of its workforce to Madrid, where nearly a third of employees were based by mid-2024, while maintaining Oslo as its corporate headquarters (source: euronext.com). Otovo’s culture is described as highly efficiency-focused, emphasizing cost reduction, organizational simplification, and operational concentration in key locations (source: euronext.com). The company also offers employee share purchase programs and management equity participation through share options, aligning employee incentives with company performance (source: euronext.com).