Ringerikskraft

What Ringerikskraft does

Ringerikskraft is a privately held Norwegian regional energy utility headquartered in Hønefoss, founded in 1912 with the commissioning of its first hydroelectric power plant in Åsa. The company generates renewable electricity through 9 wholly and partially owned river hydroelectric power plants (elvkraftverk) and operates a district heating (Varme) business serving residential and commercial customers in the Ringerike region of Eastern Norway. It describes itself as a 'hjørnesteinsbedrift' (cornerstone enterprise) with active local community engagement through sponsorship programs, and currently employs between 101 and 250 people.

The business model centers on producing renewable hydroelectric power and distributing heat through owned infrastructure in a single geographic market. Grid fee (nettleie), outage, and retail electricity supply questions are routed to an external partner site (foie.no), indicating Ringerikskraft's role is concentrated on power generation and heat distribution rather than end-customer electricity retail. Pricing and revenue figures are not publicly disclosed on the corporate website. The ownership structure is not explicitly stated, but the Norwegian organization number (Org.nr 976 957 628) and 'cornerstone enterprise' framing are consistent with municipal or regional ownership typical of Norwegian local power companies.

The technology stack is asset-heavy and infrastructure-based: river hydroelectric plants with turbines and grid interconnections, plus a district heating distribution network. The company is currently developing the Randselva kraftverk, a planned new hydroelectric plant on the Randselva river, indicating continued capital investment in expanding its generation portfolio. Communication and customer engagement are handled primarily through the corporate website, with sections covering operations, sustainability, careers, sponsorship, financial information, and press inquiries.

Name

Ringerikskraft

Legal name

Ringerikskraft

Website

https://ringeriks-kraft.no

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

101–250 employees

Short description

Ringerikskraft is a privately held Norwegian regional energy utility founded in 1912 that operates 9 hydroelectric power plants and provides district heating to residential and commercial customers in the Ringerike region of Eastern Norway.

Ownership category

akta.pro rank

Headquarters

HQ city

Hønefoss

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain

Distribution channels1 record

Marketing channels1 record

Core offering

Ringerikskraft generates renewable hydroelectric electricity through 9 wholly and partially owned river hydroelectric power plants in the Ringerike region of Norway, and provides district heating (Varme) services. The company produces and distributes locally generated renewable energy and heat to residential and commercial customers in its service area, operating its own grid infrastructure and producing power since 1912.

Product overview

Ringerikskraft operates as an integrated energy company focused on renewable hydroelectric power generation and district heating. The company manages 9 wholly and partially owned hydroelectric power plants and is developing the Randselva kraftverk project. Their portfolio consists of two core product lines: hydroelectric power (Vannkraft) for electricity generation and district heating (Varme) services. The company has delivered renewable energy since 1912, making it a long-established regional utility in the Ringerike area of Norway.

Differentiator

Problem solved

Functional benefit

Products and services

• Vannkraft (Hydroelectric Power) Hydroelectric power generation through 9 wholly and partially owned river hydroelectric power plants (elvkraftverk) in the Ringerike region. Provides renewable electricity from water resources for the local community and businesses.
• Varme (District Heating) District heating services delivered to residential and commercial customers in the Ringerike region, part of the renewable energy portfolio complementing hydroelectric power generation.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Skagerak Energi: Regional Norwegian utility operating hydroelectric generation and district heating assets in the Grenland/Vestfold area. Highly comparable in product mix, regional structure, and integrated electricity-plus-heat model.
• Agder Energi: Regional Norwegian energy company producing hydroelectric power and providing district heating across Southern Norway. Comparable scale, customer base, and vertically integrated structure.
• Lyse: Norwegian regional utility in the Stavanger region producing hydroelectric power and operating district heating and broadband. Comparable multi-utility regional model with similar geographic scope.
• BKK: Regional Norwegian utility operating hydroelectric generation and grid distribution in Western Norway. Comparable customer base, technology stack, and integrated electricity business.
• Glitre Energi: Norwegian regional utility in the Drammen area producing hydroelectric power and providing district heating. Closely comparable geographic scale and product mix to Ringerikskraft.
• Eidsiva Energi: Regional Norwegian utility in Innlandet producing hydroelectric power and operating district heating. Similar multi-product, single-region business model serving a defined Norwegian territory.
• Å Energi: Regional Norwegian utility in Vestfold and Telemark producing hydroelectric power and providing district heating. Comparable integrated offering and scale to Ringerikskraft.
• Helgeland Kraft: Regional Norwegian utility in Northern Norway producing hydroelectric power and providing grid and heating services. Comparable integrated regional utility structure and asset base.

Broad incumbents

• Hafslund: Large Norwegian utility operating hydroelectric and grid assets primarily in Eastern Norway. Overlaps geographically with Ringerikskraft and operates similar technology but at substantially larger scale.
• Statkraft: Norwegian state-owned utility and Europe's largest renewable energy generator. Operates large-scale hydroelectric assets across Norway, sharing the core hydropower technology but at vastly larger scale and broader portfolio scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ringerikskraft
• LinkedInlinkedin.com/company/ringerikskraft

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Ringerikskraft