Eviny

What Eviny does

Eviny is a Norwegian vertically integrated renewable energy and electrification company founded in 1910, headquartered in Bergen. It produces approximately 9 TWh of electricity annually from 39 hydropower plants and 666 MW of installed wind capacity (12.8 TWh including co-owned assets), accounting for roughly 5% of Norway's total electricity production. The company serves 562,500 residential customers, 272,000 network customers through its regulated BKK subsidiary, 580,000 EV charging customers across Norway, Sweden, Denmark and Germany, and 1,050 district-heating buildings in Bergen and Førde via 200+ km of heating pipes. Through its Plug subsidiary, Eviny also operates Europe's leading shore-power business for cruise ships and offshore vessels, and provides battery solutions enabling emission-free construction sites.

Eviny's underlying technology stack spans renewable generation assets (hydropower and onshore wind), a regulated electricity distribution grid (BKK), a fast-charging network of approximately 2,800 points supported by the Bilkraft mobile app (with ~1 million unique users and the largest EV charging user base in Norway), district-heating infrastructure leveraging waste heat, and proprietary maritime shore-power systems. The company applies AI/ML for power-market bidding optimization and is investing in improved weather forecasting (via the Skyfora investment) to enhance production planning across its asset base.

Eviny's business model combines regulated, recurring network revenue (BKK distribution tariffs) with merchant power generation sold via spot markets and long-term PPAs (notably a 2026 agreement with Hydro), usage-based revenue from EV fast charging (75 million NOK EBITDA in 2025), subscription-style district heating, and direct enterprise sales of electrification hardware (batteries for construction, shore-power for ports and vessels). In 2025, Eviny reported an underlying result of 1,741 million NOK, contributed 5.2 billion NOK to society via taxes, fees and dividends, and is executing a 10 billion NOK '100 på 10' capital plan aimed at doubling the value created over its prior 100 years within the next decade.

Name

Eviny

Legal name

Eviny

Website

https://eviny.no

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Eviny is a Norwegian vertically integrated renewable energy and electrification company producing ~9 TWh annually from hydropower and wind, serving 562,500 households, 272,000 grid customers via BKK, and 580,000 EV charging users across Scandinavia.

Ownership category

akta.pro rank

Product category

Renewable Energy Utility

NAICS

Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF)

akta.pro secondary industries

EV Retrofit & Electrification Conversions (Fleet/Commercial) (TLAKAMAK), EV Charging Operations & Parking-Lot Electrification Management (BPABAKAK)

Keywords

• Hydropower generation
• Wind power generation
• EV fast charging
• District heating
• Electricity distribution

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Hydropower and Wind Power Generation: Eviny generates electricity through 39 hydropower plants and several wind farms. The company produces approximately 9 TWh annually (including co-owned production reaching 12.8 TWh), representing about 5% of Norway's total electricity production. Power is sold through various mechanisms including spot market, long-term power purchase agreements, and flexibility services.
2. Electricity Distribution (Network Services): Through subsidiary BKK, Eviny operates electricity distribution networks serving 272,000 network customers. BKK plans to invest 11 billion NOK over the coming years to double network capacity. Network revenues are regulated by Norwegian energy authorities.
3. EV Fast Charging: Eviny operates fast charging stations for electric vehicles across Scandinavia. The company generated 75 million NOK EBITDA from fast charging in 2025, with approximately 2,800 charging points and 1 million app users. Eviny Hurtiglading and Mer (Statkraft subsidiary) announced merger in 2026 to create Nordic market leader.
4. District Heating: Eviny delivers district heating to approximately 1,050 buildings in Bergen and Førde through over 200 kilometers of heating pipes. The system utilized 300 GWh of energy in 2022. District heating leverages excess heat that would otherwise be wasted.
5. Electrification Solutions: Eviny provides battery solutions for construction sites, shore power connections for vessels, and invests in startups contributing to zero-emission society. In 2023, the company delivered 54.1 GWh of renewable energy through electrification efforts and saved 35,399 tonnes of emissions.
6. Telecommunications (Previously Owned - Enivest): Eviny previously owned 55.8% of Enivest, a fiber telecommunications company with approximately 28,000 customers. Enivest was sold to Telenor in June 2026 for 2.5 billion NOK.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels7 records

Core offering

Eviny is a Norwegian renewable energy company that generates electricity from 39 hydropower plants and wind farms, distributes power through its regulated BKK grid network serving 272,000 customers, operates one of Scandinavia's largest EV fast charging networks (approximately 2,800 charging points and ~1 million Bilkraft app users), provides district heating via Eviny Termo, and delivers electrification solutions including shore power (Plug) and battery solutions for construction sites.

Differentiator

Problem solved

Functional benefit

Brands

• Eviny Hurtiglading: Fast charging infrastructure for electric vehicles operating in Norway, Sweden, Denmark and Germany
• Eviny Fornybar
• Eviny Termo
• Eviny Ventures
• Bilkraft
• Plug
• BKK

Products and services

• Hydropower Electricity Generation Generation of renewable electricity from 39 hydropower plants across Western Norway with total installed capacity of 1,981 MW and average annual production of 7.7 TWh. Power is sold via spot market, long-term PPAs, and flexibility services to wholesale and retail customers.
• Wind Power Generation Generation of electricity from on-shore wind farms including Guleslettene, Tellenes, and Bjerkreimsklyngen with combined installed capacity of 666 MW and annual production of approximately 2.3 TWh.
• Electricity Distribution Network Services (BKK) Regulated electricity grid distribution to 272,000 network customers in Western Norway through subsidiary BKK, with planned investment of 11 billion NOK to double network capacity.
• EV Fast Charging (Eviny Hurtiglading) Fast and ultra-fast EV charging network with approximately 2,800 charging points across Norway, Sweden, Denmark, and Germany, served by the Bilkraft app with approximately 1 million unique users. Generated 75 million NOK EBITDA in 2025.
• District Heating (Eviny Termo) District heating delivered to approximately 1,050 buildings in Bergen and Førde through 200+ km of pipe infrastructure, utilizing 300 GWh of excess heat energy in 2022 that would otherwise be wasted.
• Shore Power Solutions (Plug) Shore power (landstrøm) connections for cruise ships and offshore vessels, allowing vessels to draw electricity from the grid instead of running diesel generators while in port.
• Battery Solutions for Construction Sites Battery technology delivered to construction sites as a fossil-free alternative to diesel generators, enabling emission-free construction operations.

Quantifiable outcome

• 5% of Norway's total electricity production from renewable sources
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• StatkraftcoreStrategic or Co-development Partner · 9 July 2026Eviny and Statkraft announced merger of their EV fast charging subsidiaries - Eviny Hurtiglading and Mer (Statkraft-owned) - to create Nordic market leader. Combined entity will be called Eviny Elektrifisering with Eviny owning 57% and Statkraft 43%. Creates company with operations in Norway, Sweden, Denmark, and Germany with over 1 million registered customers.
• TelenorminorOthers · 10 June 2026Eviny sold its 55.8% stake in Enivest telecommunications company to Telenor for 2.5 billion NOK. Enivest operated fiber network with approximately 28,000 customers and 34% stake in Årdalsnett (3,000 customers). Transaction pending regulatory approval.
• LuxcaraminorOthers · 28 April 2026Eviny purchased Bjerkreimsklyngen wind farms from German infrastructure investor Luxcara. Transaction included three wind parks (Eikeland-Steinsland/Bjerkreim, Gravdal, and Skinansfjellet) with 301 MW installed capacity and annual production of approximately 1 TWh. Pending regulatory approval.
• Northshore (NorSea Group)minorStrategic or Co-development Partner · 14 November 2025Eviny's Plug subsidiary partnered with Northshore to build two battery-electric PSV vessels and charging infrastructure at Polarbase in Hammerfest. Enova granted 253 million NOK in support for the project. Plug provides charging infrastructure while Northshore operates vessels.
• Guleslettene and Tellenes Wind FarmsminorOthers · 16 January 2024Eviny purchased Guleslettene wind farm in Bremanger and Kinn municipalities, and Tellenes wind farm. These were Eviny's first wind power acquisitions, increasing long-term ownership in renewable energy by nearly 20%.
• SFE (Sogn og Fjordane Energi)coreStrategic or Co-development PartnerSFE and Eviny jointly owned Enivest (Eviny 55.8%, SFE 40.3%). Both companies also exploring potential future ownership structure for SFE. Eviny and SFE previously explored merger possibilities for regional energy consolidation.
• 17 Municipalities and Local Power CooperativescoreOthersEviny is jointly owned by Statkraft, 17 municipalities in Western Norway, and two local power cooperatives. These public owners receive dividends and benefit from regional energy development and infrastructure investment.
• Brann (Sports Club)coreGTM or Marketing PartnerMajor sponsorship of Brann football club including jersey sponsorship for men's team and stadium advertising for women's team. Two-year partnership agreement. Eviny also sponsors local sports clubs through Eviny Sponsorat program and provides sports equipment to youth organizations.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Statkraft: Norwegian state-owned renewable energy major and Eviny's anchor owner/strategic partner. Both operate large hydropower fleets in Norway, sell into Nordic power markets, and are now co-owners of Eviny Elektrifisering (Statkraft 43%), making them directly comparable in generation mix, market exposure, and electrification strategy.
• Lyse Energi: Norwegian integrated regional energy company combining hydropower generation, electricity distribution, telecom, and district heating across Southern and Western Norway. Closely comparable to Eviny in business mix (multi-utility with renewable focus) and Norwegian regional utility structure.
• Hafslund: Norwegian utility group with major hydropower and electricity distribution operations centered on the Oslo region. Comparable as a vertically integrated Norwegian renewable utility with regulated network business and significant generation capacity.
• Agder Energi: Norwegian regional utility with hydropower generation, grid operations, and electrification businesses in Southern Norway. Comparable in scale, ownership structure (Statkraft stake), and integrated utility model with renewable focus.
• Skagerak Energi: Norwegian regional utility majority-owned by Statkraft with hydropower generation and grid operations in Eastern Norway/Vestfold-Telemark. Comparable in business model and Statkraft ownership linkage, though smaller and more regionally focused.

Broad incumbents

• Vattenfall: Swedish state-owned utility with major hydropower, nuclear, wind, heat, and EV charging operations across the Nordics and Northern Europe. Comparable in scale, generation mix, electrification strategy, and Nordic power market exposure, but operates as a much larger pan-European incumbent.
• Fortum: Finnish state-owned utility with hydropower, nuclear, and district heating across the Nordics and Baltic region. Comparable in renewable generation portfolio and Nordic market presence, with overlapping electrification and district heating businesses.
• Ørsted: Danish global leader in offshore wind and renewable energy. Comparable as a Northern European renewable major pursuing wind expansion and electrification, though Eviny is hydropower-heavy while Ørsted is predominantly offshore wind.
• Iberdrola (through Aviva / Nordic operations): Global renewables major with growing Nordic presence, particularly in offshore wind and grid. Comparable in renewable expansion strategy and ESG positioning, though much larger and globally diversified versus Eviny's Norwegian focus.

Emerging players

• Plug (Eviny subsidiary) peer: Cavotec: European shore power and electrification specialist serving ports and maritime customers. Comparable niche focus on shore power solutions for cruise and commercial vessels, though smaller and focused on hardware rather than integrated service like Plug.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/eviny.konsern
• LinkedInlinkedin.com/company/eviny
• Instagraminstagram.com/eviny.no

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eviny