Lyse

What Lyse does

Lyse is a Norwegian energy and telecommunications group headquartered in Stavanger, owned by 15 municipalities in the Sør-Rogaland and Agder regions. Founded in 1900 around hydroelectric power from Lysefjorden, the company has evolved into a diversified utility and telecom operator with 1,001-5,000 employees serving residential consumers, businesses, housing cooperatives, and property developers. Its core offerings span electricity supply (spot price, fixed, youth, and cabin contracts), fiber broadband and TV services through the wholly-owned Altibox subsidiary, district heating and cooling via Lyse Neo (utilizing waste heat recovery and 8°C deep-water cooling from Gandsfjorden), natural gas and biogas distribution through Norway's largest gas network, EV charging under Lyse Lading, and outdoor lighting services. The Altibox fiber network reaches over 70% of Rogaland households, and Altibox Bedrift has held the title of Norway's most satisfied broadband customers for 12 consecutive years.

Lyse monetizes through recurring subscription revenue across electricity supply (monthly base fees plus consumption-based kWh charges), fiber broadband and TV bundles (919-1,419 kr for broadband, 1,389 kr+ for TV), district heating/cooling (base price plus consumption), gas distribution (monthly fee plus kWh plus market price), and subscription add-ons including Altibox Trygg digital security (149 kr/month) and the Min Bedrift Energi business energy management platform. Hardware revenue comes from EV chargers (Zaptec Go, amina S) and heat pumps sold on installment plans billed through electricity invoices. The company distributes via a multi-channel model: direct-to-consumer self-service through lyse.no and the Lyse-appen mobile app, customer service centers, dedicated business sales teams, housing cooperative specialists, and developer services for new construction projects.

In February 2022, Lyse acquired mobile operator Ice Group for approximately NOK 3.0 billion, extending its telecom footprint into mobile. In February 2026, Lyse (via ice) and Telia Norway announced a 50/50 joint venture to combine their mobile radio access networks, expected operational by Q2 2026. Strategic partnerships include Comcast Technology Solutions for next-generation cloud video (expanding to Denmark, April 2026) and Asp Data Center for district cooling and heat recovery (January 2026). 99.1% of Lyse's energy production comes from renewable sources, and the company traces 100+ years of continuous renewable energy operations.

Name

Lyse

Legal name

Lyse Marked AS

Website

https://lyse.no

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Lyse is a municipally-owned Norwegian energy and telecom group serving residential, business, and developer customers in Rogaland and Agder with electricity, fiber broadband, TV, district heating/cooling, gas, and EV charging services.

Ownership category

akta.pro rank

Product category

Integrated Energy and Telecommunications Utilities

NAICS

Utilities (22), Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Steam and Air-Conditioning Supply (221330)

SIC

Electric, Gas & Sanitary Services (4900), Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Distribution Grid Asset Management (MV/LV) (EUAEAMAD)

akta.pro secondary industry

Midstream Commercial Services (Capacity Marketing, Balancing & Scheduling) (EUAAACAL)

Keywords

• Electricity supply services
• Fiber broadband internet
• District heating cooling
• Renewable energy utilities
• EV charging infrastructure

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Supply: Lyse sells electricity to residential and business customers through various contract types including spot price, fixed price, and youth-targeted plans. Revenue comes from monthly fees plus consumption-based pricing per kWh plus markup.
2. Fiber Broadband and TV Services (Altibox): Altibox provides fiber internet and TV services with bundled streaming platforms. Revenue from monthly subscriptions ranging from 919-1419 kr for broadband and 1389 kr+ for TV packages with customizable channel packages.
3. EV Charging Products: Sale and financing of home EV chargers (Zaptec Go, amina S) with payment spread over 36 or 60 months through electricity bills.
4. District Heating and Cooling: Supply of district heating and cooling services to residential, commercial, and industrial customers. Pricing includes base price plus consumption charges.
5. Biogass and Natural Gas: Distribution of biogas and natural gas to industrial customers and vehicle fleet operators through Norway's largest gas network.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels7 records

Core offering

Lyse is an integrated Norwegian energy and telecommunications utility that supplies electricity, natural gas, biogas, district heating, district cooling, fiber broadband (Altibox), TV, and EV charging services to residential, business, and municipal customers in Norway. The company bundles multiple utility services on a single invoice through its owned infrastructure, including hydroelectric generation, fiber optic networks, and district energy systems, with municipal ownership returning profits to 15 owner municipalities in Sør-Rogaland and Agder.

Product overview

Lyse is a Norwegian energy and telecom group offering an integrated portfolio of products and services. The core offering combines electricity supply with high-speed fiber internet (Altibox) and TV services (Altibox TV), supplemented by EV charging solutions, smart home management tools (Altibox Hjem), and digital security services (Altibox Trygg, Nettvern). For business customers, Lyse provides the Min Bedrift Energi platform for energy management, plus fiber connectivity options including IP VPN and premium business packages. The company also operates in renewable energy infrastructure through district heating (Fjernvarme), district cooling (Fjernkjøling) using cold water from Gandsfjorden, and biogas production from organic waste. Additional offerings include natural gas for industrial applications, heat pumps, and outdoor lighting services (Lyse Agon, Lyse Lux). The Lyse-appen mobile application serves as a unified customer portal for consumption monitoring, billing, and price alerts across all services.

Differentiator

Problem solved

Functional benefit

Brands

• Altibox TV: Television and streaming services offered by Altibox
• Altibox Trygg
• Altibox Hjem
• Nettvern
• Lyse-appen
• Lyse Spotpris
• Lyse Ung
• Lyse Hytte
• Min Bedrift Energi
• Lyse Lading
• Lyse Spirer
• Altibox Fiberbredbånd
• Lyse Neo
• Altibox X

Products and services

• Lyse Strøm (Electricity Supply) Electricity supply services for residential and business customers in Norway offering spot price, fixed price, youth (18-34), and cabin/holiday home contract types billed monthly with consumption-based kWh pricing.
• Altibox Fiberbredbånd (Fiber Broadband) High-speed fiber optic internet service with speeds from 150 to 1000 Mbps for residential customers in Rogaland, Norway, delivered over Lyse's Altibox network.
• Altibox TV Television and streaming service combining live TV channels and streaming platforms with flexible point-based content selection and exclusive streaming service Altibox X.
• Elbillader (EV Charging Solutions) Electric vehicle home charging solutions offering Zaptec Go and amina S chargers with installation included and installment payment over 36 or 60 months through electricity bills.
• Fjernvarme (District Heating) District heating service utilizing waste heat from energy recovery plants to provide climate-neutral heating for residential and commercial buildings in Rogaland, billed monthly with base price plus consumption charges.
• Fjernkjøling (District Cooling) Cooling service using cold water from Gandsfjorden at 8°C to efficiently cool commercial buildings and data centers, achieving up to 40 kWh of cooling per 1 kWh of energy input.
• Biogass (Biogas Distribution) Renewable biogas produced from organic waste materials (household food waste, agricultural waste, sewage sludge) distributed through Norway's largest gas network for industrial and vehicle fleet customers.
• Naturgass (Natural Gas Supply) Natural gas supply for energy-intensive industrial applications requiring high temperatures and rapid heating of large spaces, with CO2 tax additional and monthly fixed plus consumption-based pricing.
• Altibox Trygg (Digital Security) Digital security package protecting against identity theft, fraud, and unsafe networks with VPN, password vault, and insurance coverage for online fraud on up to 10 devices.
• Varmepumpe (Heat Pump) Air-to-air heat pump solutions available for purchase with installment payments over the electricity bill for residential customers.
• Altibox Bedrift Premium (Business Fiber) Premium fiber broadband package for small, medium, and large businesses including high-speed internet, secure wireless connectivity, and professional digital security in one bundled offering.
• Altibox IP VPN Enterprise networking solution connecting multiple business locations in a single secure and flexible private network for internal traffic and external communications.
• Min Bedrift Energi (Business Energy Management) Business energy management platform providing real-time consumption monitoring, invoice tracking, and capacity optimization tools for business customers at 69 kr/month per measurement point.
• Lyse Agon (Outdoor Lighting and Electrical Services) Outdoor lighting and electrical services for businesses including installation and maintenance of exterior lighting systems.
• Lyse Lux (Municipal Street Lighting) Municipal outdoor lighting services including installation, maintenance, and fault reporting for public lighting infrastructure.

Quantifiable outcome

• 99.1% of energy production from renewable sources
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered major and core.

• Comcast Technology SolutionsmajorTechnology or Integration · 3 April 2026Comcast Technology Solutions was selected by Altibox to power its next-generation cloud video platform for subscribers in Norway and Denmark. The CTS Cloud Video Platform provides centralized video ingest, advanced metadata management, content protection, and commerce capabilities across set-top boxes, connected TVs, and mobile devices.
• Telia NorwaymajorStrategic or Co-development Partner · 2 February 2026Telia Norway and Lyse (owner of mobile operator ice) agreed to combine their mobile radio access networks (RANs) into a 50/50 jointly owned entity in Norway. The combined network is expected to be operational by Q2 2026 and will deliver substantial coverage improvements, particularly in rural areas. Both companies retain separate core networks and continue competing as independent players. Telia expects cost and CAPEX synergies.
• Asp Data CentercoreStrategic or Co-development Partner · 12 January 2026Norwegian data center firm Asp Data Center partnered with Lyse to integrate district cooling and heat recovery at its data center in Forus, near Stavanger. Lyse supplies up to 3MW of district cooling services while excess heat from the data center is supplied into Lyse's district heating network. Further phases planned between 2026 and 2033.
• Ice Group Scandinavia Holding AScoreStrategic or Co-development Partner · 18 February 2022Lyse AS acquired Ice Group Scandinavia Holding AS for approximately NOK 3.0 billion in cash. The transaction included acquisition of all shares of Ice Group entities and assets and was expected to close by end of March 2022. This acquisition brought mobile operator ice under Lyse's ownership.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Agder Energi: Regional Norwegian energy group operating across hydropower generation, grid, electricity supply, and telecom/fiber in the Agder region. Almost identical multi-utility-plus-telecom business model to Lyse and a direct regional counterpart.
• BKK (BKK AS): Norwegian regional energy group on Norway's west coast operating power production, distribution, electricity retail, and fiber/broadband. Same diversified energy-plus-telecom model as Lyse, owned by municipalities in Vestland.
• Skagerak Energi: Regional Norwegian energy group (owned by Statkraft and municipalities) operating electricity generation, distribution, and telecom/fiber in the Grenland/Vestfold region. Closely mirrors Lyse's structure: municipally influenced multi-utility with fiber broadband arm.
• Telia Norway: Major Norwegian mobile and fiber operator, and now Lyse's 50/50 RAN JV partner. Comparable to Ice in mobile and to Altibox in fiber, with overlapping Norwegian customer base and shared infrastructure economics.

Broad incumbents

• Telenor: Norway's incumbent telecom operator offering mobile, broadband, and TV at national scale. Direct competitor to Lyse's Ice mobile and Altibox fiber/TV businesses, and a benchmark for telecom scale and content bargaining power.
• Statkraft: Norwegian state-owned renewable energy producer and largest generator of hydropower in Europe. Comparable in renewable generation profile to Lyse's hydroelectric and district-heating assets but operates at vastly larger scale.
• Fortum: Nordic-headquartered integrated energy utility with generation, district heating/cooling, and consumer energy solutions across the Nordics. Comparable to Lyse's district heating/cooling and renewable-energy mix, but at significantly larger pan-Nordic scale.
• Hafslund: One of Norway's largest energy groups, operating across power generation, distribution, and retail electricity. Comparable to Lyse's integrated utility model but at significantly larger national scale, making it Lyse's most relevant broad incumbent across electricity supply and grid operations.

Regional players

• Eidsiva Energi: Regional energy and fiber group in Innlandet, Norway, providing electricity, district heating, and fiber/broadband. Highly comparable in service mix (electricity + fiber + district heating) but in a different geographic market.
• Trøndelag Kraft: Regional energy group in Trøndelag operating electricity generation, distribution, and retail. Comparable multi-utility structure to Lyse but serving a different Norwegian region, making it a regional peer rather than a direct competitor.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LyseAS
• Xx.com/LyseAS

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Lyse