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Ensurge Micropower
Development and manufacturing of solid-state lithium batteries (SSLB)
About Ensurge Micropower
Ensurge Micropower ASA is a Norwegian publicly traded company specializing in the development and manufacturing of solid-state lithium batteries (SSLB). The firm’s journey began in 2005 as Thin Film Electronics ASA, building on printable memory technology that originated as early as 1994 within Opticom ASA. A significant strategic pivot occurred in January 2020, when the company shifted its focus to solid-state microbatteries, a move followed by its renaming to Ensurge Micropower in 2021. The company maintains corporate headquarters in Oslo, Norway, with its global headquarters, R&D, and manufacturing operations centered in San Jose, California.
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The company is led by CEO Shauna McIntyre, appointed in September 2025, who brings extensive leadership experience from the energy and technology sectors, including roles at Northvolt, Google, and Honeywell. She succeeded Lars Eikeland, who now serves as CFO, providing crucial continuity in financial management. Mr. Eikeland has over three decades of leadership experience in multinational corporations like ABB and Rolls-Royce. Former CEO Kevin Barber, who led the company from 2018 through its strategic shift in 2020, has a background in technology investment and finance.
Ensurge's business model centers on designing, developing, and producing rechargeable microbatteries for an expanding market that includes hearables, medical wearables, IoT sensors, and sports and fitness devices. The company is targeting a market gap for batteries in the 1 to 100 milliampere-hour (mAh) range, an area underserved by larger manufacturers focused on the electric vehicle market. Revenue generation is anticipated from direct sales of these microbatteries and a long-term strategy that includes licensing its intellectual property to high-volume manufacturing partners. This dual approach involves producing high-value, customized batteries in-house while outsourcing large-scale production to minimize capital expenditure.
The core product is an ultrathin, flexible, anode-less solid-state lithium microbattery. A key manufacturing distinction is the use of a roll-to-roll process on a 10µm stainless steel substrate, which differs from competitors' ceramic or silicon substrates and is designed for high-volume scalability. These batteries are engineered to be fundamentally safer than conventional lithium-ion batteries by eliminating flammable liquid electrolytes. They offer benefits such as higher energy density, faster charging (80% in 8 minutes), customizable form factors, and the ability to be assembled using standard Surface Mount Technology (SMT) processes. Recent milestones include resolving encapsulation and energy leakage issues, achieving a 90% stacking yield, and delivering 11-layer batteries with a volumetric energy density of 200 Wh/L, with a roadmap to 750 Wh/L in future 43-layer versions.
At a glance
- Status
- Operational
- Founded
- 2005
- Headquarters
- San Jose, United States
- Listing
- IPO 2015
- Employees
- 62
- Open positions
- None listed
- Dealroom signal
- 45.5/100
- Sub-industry
- Energy Storage
- Sector
- Energy, Retail, Appliances, Packaging and Containers, Battery, Solid-State Battery, Hard Tech, Horizon Europe
- Technology
- Hardware, Deep Tech, IoT InternetOfThings
- Business model
- Manufacturing
- Client focus
- b2b, b2c
Latest news
Press, funding announcements and product moves mentioning Ensurge Micropower.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO CONVERTIBLE✓Other financing | Jul 2026 | $2.4M | — | Undisclosed | ↗ |
| POST IPO EQUITY✓Other financing | Nov 2025 | $0 | — | Corning | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Ensurge Micropower is 1.4K monthly website visits, down 30% over the last three months. Ensurge Micropower's team declined 1.6% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later3 investors entered at this stage
Invesco- KSKetil Skorstad
Corning
Other known investors1 additional known investor
Middelborg
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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