NOT Transient Explorer (NTE) is a new instrument for the Nordic Optical Telescope (NOT). It can be used either in a spectroscopic mode covering from 3200 Å to 2.2 micrometers in one observation, or as a dual band imager with one observation in visible bands (U-I) and one in infrared (I-K). The project was started with funding from the Carlsberg foundation. The current projected date for the first light at the telescope is in 2021.