THEMA Consulting

What THEMA Consulting does

THEMA Consulting Group AS is a Norwegian-headquartered consulting firm founded in 2010, specializing in market analysis and advisory services for the energy and transport sectors, with a particular focus on the energy transition. The firm combines a deep understanding of market dynamics with proprietary quantitative models — including the Power Market Model, Green Values (EU ETS and Guarantees of Origin), Network Revenue Model, BESS Evaluation, Hydrogen Outlook, and Technology Outlook — and a subscription-based THEMA Web Portal that delivers data visualizations, market outlooks, and downloadable forecasts. Its product portfolio extends to a library of recurring publications (quarterly Power Market Insights, biannual Technology Outlook, seasonal Power Market Outlooks, the annual Electricity Retail Market Report with Itera, and the quarterly Renewable Finance Insights) plus five service lines: Strategy Consulting, Transactions, Organizational Development, Market Analysis, and Policy and Regulations.

THEMA generates revenue from three streams: project-based professional consulting fees, recurring subscriptions to market reports and models, and web-portal subscriptions. Its go-to-market is sales-led, anchored on multi-year competitive framework agreements with government bodies (Norwegian Ministry of Energy — won three times and ranked #1, Svenska kraftnät, NVE, Energikommisjonen) and direct mandates from energy enterprises such as Ørsted and renewable-energy NGOs such as Energi2050. The firm operates from headquarters in Oslo (Nedre Vollgate 9 / Øvre Vollgate 6) and a regional office in Berlin (Albrechtstr. 22), serving clients across the Nordic region, Germany, South-Eastern Europe, and the Balkans. The company is privately held with no disclosed external ownership, no venture or private-equity backing, and no public revenue disclosure; its roughly 55-60 professionals are organized around five partners plus functional heads.

Name

THEMA Consulting

Legal name

THEMA Consulting Group AS

Website

https://thema.no

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

THEMA Consulting is a Norway-based boutique consultancy providing quantitative energy-market modeling, policy advisory, and analytical products for government bodies, TSOs, grid companies, and energy enterprises across the Nordics and broader Europe.

Ownership category

akta.pro rank

Product category

Energy Market Consulting

NAICS

Management Consulting Services (54161), Management, Scientific, and Technical Consulting Services (5416), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Services-Engineering Services (8711), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Strategy & IT Advisory (BPAEAAAA)

Keywords

• Energy market consulting
• Power market analysis
• Energy transition advisory
• Renewable energy research
• Energy policy consulting

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Consulting Services: Expert advisory services on energy sector issues including strategy consulting, transactions, organizational development, market analysis, and policy/regulatory advice
2. Market Reports and Models: Sale of market reports, power market models, and analytical publications including quarterly Power Market Insights, Technology Outlook, and specialized sector reports
3. THEMA Web Portal Subscription: Subscription-based access to web portal providing data analysis, visualizations, and downloadable forecasts and market outlook data

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

THEMA Consulting provides advisory and analytical services to clients in the energy and transport sectors, combining deep market knowledge with proprietary quantitative models. Its core deliverables include strategy consulting, transactions advisory, market analysis, policy/regulatory advice, and a subscription-based web portal publishing recurring power market reports, technology outlooks, and sector-specific analyses.

Product overview

THEMA Consulting offers a portfolio of consulting services and analytical products for the energy and transport sectors. Its core offering consists of a web-based platform (THEMA Web Portal) through which clients access regularly updated market reports, power price forecasts, and underlying data. Supporting this platform are quantitative models including a Power Market Model, Network Revenue Model, and BESS Evaluation tools. THEMA publishes a range of reports including seasonal Power Market Outlooks, quarterly Power Market Insights, the biannual Technology Outlook, Green Values (EU ETS and Guarantees of Origin analysis), Electricity Retail Market Report, Renewable Finance Insights, Reserve Market Outlook, and Hydrogen Outlook. In addition to these analytical products, THEMA offers consulting services covering Strategy Consulting, Transactions, Organizational Development, Market Analysis, and Policy and Regulations, delivered across sectors including power market, gas market, guarantees of origin, quota markets and climate policy, transport, hydrogen value chain, and district heating.

Differentiator

Problem solved

Functional benefit

Brands

• THEMA Nettportal: Web portal providing access to market reports, power market outlooks, and data analysis tools
• THEMA Web Portal

Products and services

• Strategy Consulting Advisory service covering strategic planning, strategy processes, and organizational strategy execution support for energy sector clients.
• Transactions Advisory

Quantifiable outcome

• Analysis contributed to North Sea countries energy summit joint declaration potentially saving Europe EUR 48 billion
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Vind AIcoreTechnology or Integration · 1 January 2024Europe-wide partnership integrating THEMA's market data with Vind AI's wind development platform to support wind developers in planning and designing financially viable projects faster using digital tools.
• Nash RenewablescoreStrategic or Co-development Partner · 1 January 2024Collaboration combining state-of-the-art renewable modeling with THEMA's recognized market analysis to provide decision support for renewable investments.
• IteracoreStrategic or Co-development PartnerJoint publication of Market Report Electricity (Markedsrapport Strøm), now in its fifth edition, covering Nordic electricity retail markets.
• AtmenminorGTM or Marketing PartnerJoint webinar on green hydrogen market evolution, certification, PPAs and practical certification insights under RED II DA rules.
• dena (German Energy Agency)minorGTM or Marketing PartnerTHEMA joined dena's 'Marktoffensive Erneuerbare Energien' initiative supporting green power procurement advice for German electricity users.
• Strategisk Nettforum (SNF)coreStrategic or Co-development PartnerTHEMA leads this forum where major Norwegian grid companies are committed to common principles for calculating land use from grid infrastructure.
• NorconsultcoreImplementation/ SI/ Consulting PartnerAs subcontractor under THEMA's framework agreement with Norwegian Ministry of Energy, providing complementary technical expertise.
• Norsk HydrogenforumminorGTM or Marketing PartnerTHEMA membership provides access to hydrogen market development tracking and delivers more relevant analyses for the sector.
• Smart Energy Network Norge (SEN)minorGTM or Marketing PartnerTHEMA has been a sponsor since 2017, participating in annual study trips including to Silicon Valley for energy industry networking.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/THEMA_CG
• Facebookfacebook.com/THEMA-Consulting-Group-242911736207787
• LinkedInlinkedin.com/company/thema-consulting-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 THEMA Consulting