Hafslund Eco
- Company typePrivate
- Founded1890
- HeadquartersOslo, Norway
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
Hafslund Eco firmographics
Firmographics- Name
- Hafslund Eco
- Legal name
- Hafslund AS
- Website
- https://hafslundeco.no
- Company type
- Private
- Founded year
- 1890
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Hafslund Eco industry classification
Industry- Product category
- Renewable Energy Utility
- NAICS
- Hydroelectric Power Generation (221111), Steam and Air-Conditioning Supply (221330)
- SIC
- Cogeneration Services & Small Power Producers (4991), Steam & Air-Conditioning Supply (4961)
- akta.pro primary industry
- District Energy Biomass Plants (Heating Networks) (EUAAAGAB)
- akta.pro secondary industries
- Waste-to-Energy (WtE) Combustion Facilities (BPALACAD), Biomass CHP & Cogeneration Plants (Industrial & Utility) (EUAAAGAA), Onsite Low-Carbon Heat & CHP (Electrified CHP, Fuel Cells, Renewable CHP) (EUABAJAI)
Keywords
Where Hafslund Eco is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Hafslund Eco business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Electricity Production and Sales: Generation and sale of renewable electricity from hydroelectric, wind, and solar power plants. Produces 18.4 TWh renewable energy annually, equivalent to consumption of 1.2 million homes.
- District Heating: Production and delivery of district heating via 70km pipeline network under Oslo, producing 1.8 TWh in 2025. Revenue from heating services to residential and commercial customers.
- District Cooling: Cooling services for buildings and facilities in urban areas
- Waste Combustion Services: Waste-to-energy combustion processing municipal waste and generating heating energy
- Energy Consulting and Smart Solutions: Advisory services and smart energy solutions for customers
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Hafslund Eco product offering
Product offeringCore offering
Hafslund Eco is a vertically integrated renewable energy utility that generates electricity from hydroelectric, wind, and solar sources and distributes thermal energy via district heating, district cooling, and waste-to-energy combustion to residential, commercial, and industrial customers in the Oslo region of Norway. The company operates 83 hydroelectric plants producing 18.4 TWh of renewable energy annually and a 70 km district heating pipeline under Oslo delivering 1.8 TWh of heating.
Product overview
Hafslund Eco is a unified renewable energy platform offering a diverse portfolio of power generation products including hydroelectric (83 power plants), wind power, and solar power, alongside essential utility infrastructure services such as district heating (1.8 TWh, 70 km of pipes under Oslo), district cooling, and waste-to-energy combustion. The company also provides consulting services and smart energy solutions. As Norway's second largest power producer, 100% of their production is renewable, with total renewable production of 18.4 TWh (2025).
Differentiator
Problem solved
Functional benefit
Products and services
- Vannkraft (Hydroelectric Power) Generation of hydroelectric power across 83 plants in Norway; Hafslund is Norway's second largest power producer with operations dating to the late 1800s. Sold into the Norwegian electricity market for residential, commercial, and industrial consumers.
- Vindkraft (Wind Power) Wind power generation as part of Hafslund's renewable energy portfolio. Sells renewable electricity into the Norwegian market.
- Solkraft (Solar Power) Solar power generation as part of Hafslund's renewable energy portfolio. Sells renewable electricity into the Norwegian market.
- Fjernvarme (District Heating) Production and delivery of district heating through a 70 km underground pipeline network under Oslo, producing 1.8 TWh in 2025. Sold as a heating service to residential and commercial customers in the Oslo region.
- Fjernkjøling (District Cooling) District cooling services for climate control of buildings and facilities in urban areas. Sold as a cooling service to commercial and residential customers.
- Avfallsforbrenning (Waste Combustion) Waste-to-energy combustion services that process municipal waste and convert it into usable heating energy. Sold as a managed service contributing to Oslo's waste management and heat supply.
- Rådgivning (Consulting) Energy consulting services drawing on Hafslund's expertise in renewable energy and power production. Sold to commercial and industrial customers.
- Smarte energiløsninger (Smart Energy Solutions) Smart energy solutions using technology for optimized energy management and distribution. Sold to commercial and industrial customers seeking energy efficiency and management capabilities.
Quantifiable outcome
- 18.4 TWh renewable production annually
- +3 more outcomes
Companies that use Hafslund Eco
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Hafslund Eco technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Hafslund Eco partnerships and signals
Strategic signalScale indicators10 records
Recent moves5 records
Expansion highlights5 records
Hafslund Eco competitors and assessment
Company assessmentBroad incumbents
- RWE: German integrated utility with major renewable generation (especially offshore wind) and European district heating exposure. Comparable in its renewable-led transition strategy and integrated utility structure.
- Ørsted: Danish-listed global leader in offshore wind and renewable energy. Comparable as a large European renewable energy platform pursuing the same transition-driven growth thesis Hafslund articulates around renewables.
- Equinor: Norwegian state-major expanding aggressively into renewables (wind, solar) and operating in the same Norwegian regulatory and power market. Relevant as a much larger competitor pursuing the same growth segments Hafslund targets.
- Fortum: Finnish-listed Nordic utility with significant hydro generation, district heating, and waste-to-energy operations. Comparable vertically integrated utility model across the Nordics, though with broader geographic and segment exposure than Hafslund.
- Vattenfall: Swedish state-owned utility operating large-scale hydro generation and district heating across the Nordics and Northern Europe. Comparable in state-ownership structure, generation mix, and integrated utility model.
- E.ON: Large European integrated utility with regulated networks, renewable generation, and district energy assets. Comparable business model at much larger scale and broader geographic footprint.
Direct peers
- Statkraft: Norway's largest power producer and state-owned. Operates a comparable hydro-led renewable generation portfolio across the Nordics, making it the most direct functional and structural peer to Hafslund.
- Celsio: Oslo's other major district heating operator (formerly Fortum Oslo Varme), running waste-to-energy and district heating infrastructure directly under Oslo — the closest direct competitor to Hafslund's heating and WtE business.
Regional players
- Agder Energi: Norwegian regional energy group with hydro generation and district heating. Comparable as a Norwegian municipal-owned utility with vertically integrated power production and local district energy operations.
- Skagerak Energi: Norwegian regional energy company with hydro generation and grid operations, owned by Statkraft and municipal shareholders. Operates within a similar Norwegian regulatory framework with overlapping product lines (power, heat).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hafslund Eco social profiles
Digital presenceHafslund Eco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hafslund Eco leadership team
Management profileNumber of profiles
Hafslund Eco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hafslund Eco M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hafslund Eco
What does Hafslund Eco do?
Hafslund Eco is a vertically integrated renewable energy utility that generates electricity from hydroelectric, wind, and solar sources and distributes thermal energy via district heating, district cooling, and waste-to-energy combustion to residential, commercial, and industrial customers in the Oslo region of Norway. The company operates 83 hydroelectric plants producing 18.4 TWh of renewable energy annually and a 70 km district heating pipeline under Oslo delivering 1.8 TWh of heating.
Is Hafslund Eco a public or private company?
Hafslund Eco is a private company. It is classified as state government owned and is currently operating.
When was Hafslund Eco founded?
Hafslund Eco was founded in 1890. It employs 501 to 1,000 people.
Where is Hafslund Eco based?
Hafslund Eco is headquartered in Oslo, Norway, in the Europe region.
How does Hafslund Eco make money?
Five revenue lines are on record. Electricity Production and Sales are the primary driver. The others are district Heating, district Cooling, waste Combustion Services and energy Consulting and Smart Solutions.
Who are Hafslund Eco's main competitors?
Broad incumbents on record are RWE, Ørsted, Equinor, Fortum, Vattenfall and E.ON. Direct peers are Statkraft and Celsio. Regional players are Agder Energi and Skagerak Energi.
Does Hafslund Eco have an API?
No public API is recorded for Hafslund Eco.
What industry is Hafslund Eco in?
Hafslund Eco's product category is Renewable Energy Utility. Its primary akta.pro industry code is EUAAAGAB, District Energy Biomass Plants (Heating Networks), with a secondary code of BPALACAD, Waste-to-Energy (WtE) Combustion Facilities. Its NAICS code is 221111 and its SIC code is 4991.