Thy-Mors Energi
Thy-Mors Energi is a Danish consumer-owned cooperative operating regulated electricity distribution, open-access fiber broadband, renewable energy production, and national grid-connection services for 44,000 member-owners across Thy and Mors.
- Company typePrivate
- Founded1899
- HeadquartersNykøbing Mors, Denmark
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Thy-Mors Energi does
Thy-Mors Energi a.m.b.a. is a Danish consumer-owned cooperative (andelsselskab med begrænset ansvar) serving approximately 44,000 member-customers (andelshavere) across Thy and Mors in northwestern Denmark. Founded in 1899 and headquartered in Thisted, the company operates four core infrastructure business areas through wholly-owned subsidiaries: regulated electricity distribution via Netselskabet Elværk A/S, open-access fiber broadband via Thy-Mors Energi Fibernet A/S, renewable energy production (wind, solar, biogas) via Thy-Mors Energi Produktion A/S, and national grid-connection engineering services for renewable developers via ENERGRID A/S. It also co-owns go'energi A/S, a transparent electricity-trading company.
The electricity grid delivers 99.999% supply reliability (≈5 minutes average outage per year in 2023) and is being prepared for higher load driven by heat pumps and electric vehicles. The fiber network was completed to 100% address coverage in 2021 and turned its first profit without extraordinary items in 2023; it operates as an OpenNet open-access platform hosting multiple independent ISPs (Norlys, TDC Erhverv, Telenor, Yousee, Altibox, among others), with free connection available to all andelshavere. The renewable production arm is building a multi-site pipeline (e.g., Moutrup 79 GWh wind farm, Søndenom 87 GWh wind project, Spolum energy landscape, Ballerum and Rosvang combined parks) alongside biogas projects Biogas Thy and Biogas Mors, under a formal ownership policy ensuring 100% local member ownership. The group holds ISO 27001 information-security certification and employs 51-100 people.
Revenue is generated primarily through regulated DSO network tariffs, recurring fiber/ISP wholesale fees, subscription-based electricity supply via go'energi, project-based ENERGRID engineering and connection fees, and power sales from renewable generation; the cooperative reinvests profits locally rather than distributing external dividends. Customers are structurally captive (every meter owner is automatically a member), supplemented by community programs (240,000 DKK/yr sponsorship, 100,000 DKK/yr green fund, free 5th-grade energy education) and a 90-member representative council governing the cooperative. Reported annual profit was 63 million DKK (2023), 63.9 million DKK (2024) and 46.9 million DKK (2025), with capex of 87 million DKK in 2025 and 1.2 billion DKK earmarked for the electricity grid over the next decade.
Thy-Mors Energi firmographics
Firmographics- Name
- Thy-Mors Energi
- Legal name
- Thy-Mors Energi a.m.b.a.
- Website
- https://thymors.dk
- Company type
- Private
- Founded year
- 1899
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Thy-Mors Energi is a Danish consumer-owned cooperative operating regulated electricity distribution, open-access fiber broadband, renewable energy production, and national grid-connection services for 44,000 member-owners across Thy and Mors.
- Ownership category
- akta.pro rank
Thy-Mors Energi industry classification
Industry- Product category
- Consumer-Owned Electric Utility and Fiber Network Cooperative
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)
- SIC
- Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- DER Dispatch, Aggregation & Virtual Power Plant (VPP) Integration (EUADALAI)
- akta.pro secondary industries
- Interconnection, Permitting & Grid Services for DERs (EUAMAJAH), Advanced Metering Infrastructure (AMI) Deployment & Managed Services (EUAEANAA), Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD)
Keywords
Where Thy-Mors Energi is headquartered
LocationHeadquarters
- HQ city
- Nykøbing Mors
- HQ country
- Denmark
- HQ region
- Europe
Offices3 records
Markets served
Thy-Mors Energi business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain
Revenue model
- Electricity Grid Operations (Netselskabet Elværk): Revenue is generated through regulated network tariffs charged to all consumers connected to the electricity grid in Thy and Mors. The grid is owned by the cooperative and operated through Netselskabet Elværk A/S. Network tariffs fund ongoing investment in grid capacity and digitalization. Revenue is not explicitly broken out but represents a regulated, recurring revenue stream based on electricity consumption and grid connection fees.
- Fiber Network Operations (Thy-Mors Energi Fibernet A/S): Thy-Mors Energi Fibernet A/S generates revenue through fiber connection fees and ongoing ISP partnerships via the OpenNet platform. After years of heavy investment, the fiber company turned its first-ever profit without extraordinary items in 2023. All andelshavere can receive free fiber connection (the infrastructure connection is provided at no cost to the customer).
- Electricity Trading (go'energi A/S): Thy-Mors Energi is co-owner of go'energi A/S, a transparent electricity trading company offering consumers electricity contracts without hidden fees. Revenue flows from electricity supply contracts to end consumers.
- Grid Connection Services (ENERGRID A/S): ENERGRID A/S generates revenue by engineering and connecting renewable energy production facilities (wind, solar, heat pumps, electric boilers) at high-voltage level across Denmark. The company operates nationally and serves as a preferred partner for developers of renewable energy projects. Revenue is project-based and earned through connection and engineering service fees.
- Renewable Energy Production (Thy-Mors Energi Produktion A/S): Thy-Mors Energi Produktion A/S develops and invests in renewable energy production assets (wind, solar, biogas) either independently or in partnership with developers. Revenue is generated through energy production (power sales) and through co-investment returns accruing to the cooperative's 44,000 andelshavere. The company aims to ensure local ownership of renewable energy value in Thy and Mors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free fiber connection for all andelshavere |
| Subscription | Monthly | Electricity supply through go'energi A/S (transparent pricing, no hidden fees) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Thy-Mors Energi product offering
Product offeringCore offering
Thy-Mors Energi is a consumer-owned cooperative that delivers electricity distribution, fiber broadband connectivity, renewable energy production, and grid connection engineering services to its 44,000 member-owners in the Thy and Mors regions of Denmark. Through subsidiaries Netselskabet Elværk A/S (electricity grid with 99.999% reliability), Thy-Mors Energi Fibernet A/S (100% fiber coverage), Thy-Mors Energi Produktion A/S (wind, solar, biogas investments), and ENERGRID A/S (national high-voltage grid connections for renewable developers), the company combines regulated utility operations with local renewable energy development and community sponsorship programs.
Product overview
Thy-Mors Energi is a cooperative (andelsselskab) with approximately 44,000 members operating four core infrastructure business areas: green energy production (through Thy-Mors Energi Produktion A/S), electricity supply/grid management (through Netselskabet Elværk A/S), fiber broadband network (through Thy-Mors Energi Fibernet A/S), and national grid connection services for renewable energy (through ENERGRID A/S). The company also offers community programs including free school education on energy for 5th graders, and two sponsorship funds for local clubs and associations. The group is involved in multiple renewable energy development projects including wind, solar, and biogas across Thy and Mors.
Differentiator
Problem solved
Functional benefit
Products and services
- Grøn energiproduktion (Green Energy Production) Investments in renewable energy projects (wind turbines, solar cells, biogas) in Thy and Mors, enabling local ownership stakes in the green transition for the 44,000 cooperative members.
- Elforsyning (Electricity Distribution) Electricity grid distribution and management operated through Netselskabet Elværk A/S, providing 99.999% supply reliability to all connected properties in the Thy and Mors supply area, with digitalization for monitoring, fault detection, and grid balancing.
- Fibernet (Fiber Broadband Network) Fiber network infrastructure with 100% coverage of all addresses in Thy and Mors, providing free connection to all 44,000 andelshavere and enabling ISP choice via the OpenNet platform. Ranked Denmark's best-covered municipality area.
- Nettilslutning (Grid Connection Services) Engineering and connection of renewable energy production facilities (wind, solar, biogas, heat pumps, electric boilers) at high voltage across Denmark, operated by ENERGRID A/S for renewable energy project developers with over 40 years of grid connection experience.
- go'energi Electricity Supply Electricity supply products marketed to consumers with transparent pricing and no hidden fees, offered via go'energi A/S (co-owned by Thy-Mors Energi). Available to residents and businesses in Thy and Mors and beyond.
Quantifiable outcome
- 99.999% supply reliability (5 minutes average outage per year for electricity customers in 2023)
- +5 more outcomes
Companies that use Thy-Mors Energi
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Thy-Mors Energi technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Thy-Mors Energi partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and major.
- go'energi A/ScoreThy-Mors Energi is a co-owner of go'energi A/S, a transparent electricity trading company offering consumer electricity contracts without hidden fees in Denmark. The partnership enables the cooperative to offer electricity supply to its andelshavere through a trusted, transparent provider. go'energi also co-sponsors Morsø FC alongside Thy-Mors Energi.
- OpenNetcore
- NetNørdenminor
- European Energymajor
- Copenhagen Energymajor
- Rosvangmajor
- Morsø Wind A/Smajor
- Det Nationale Testcenter for Store Vindmøller (Besøgscenter Østerild)minor
- Spar Nordcore
- DNV (Det Norske Veritas)minor
- Tænketanken Demokratisk Erhvervminor
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
Thy-Mors Energi competitors and assessment
Company assessmentDirect peers
- Andel (formerly SEAS-NVE): Danish consumer-owned energy cooperative operating electricity distribution and renewable energy production on Zealand. Closest direct peer in terms of cooperative ownership model combined with regulated DSO and renewable generation, though serving a different geography.
- Trefor: Danish multi-utility serving the Kolding/Little Belt area with electricity distribution, fiber, and water services under a municipal/cooperative-style ownership. Comparable vertically integrated utility operating a regional DSO plus fiber network.
- N1 (Netselskabet N1): Danish regulated DSO serving Northern Jutland — a regional neighbor of Thy-Mors Energi's service territory. Direct peer in regulated electricity distribution operations and grid modernization investments.
- Cerius (Radius): Danish electricity distribution company (DSO) operating in western Copenhagen and Zealand, comparable in regulated grid operations. Direct peer for Thy-Mors Energi's Netselskabet Elværk business.
- EWII Energi: Danish energy and fiber utility operating in the Triangle Area (Kolding, Vejle, Fredericia) with similar combined electricity grid, fiber broadband, and energy trading operations. Directly comparable multi-vertical utility model and one of the ISP partners on Thy-Mors Energi's OpenNet platform.
- Fibia: Denmark's largest fiber network operator, owned by Andel and NRGi, with extensive open-access fiber infrastructure. Direct peer for Thy-Mors Energi Fibernet's OpenNet platform business model and fiber infrastructure operations.
Others
- Waoo: Danish fiber ISP consortium offering services over multiple Danish fiber networks including Fibia. Indirectly comparable to Thy-Mors Energi's OpenNet ISP partner model — the wholesale customer side of the fiber infrastructure business.
- Energi Danmark: Danish energy trading and supply company comparable to Thy-Mors Energi's go'energi A/S subsidiary. Relevant as an electricity supply/purchasing cooperative but does not own distribution infrastructure.
Regional players
- Verdo: Danish energy company in Herning/Central Jutland region operating electricity distribution, district heating, and fiber. Comparable regional utility model combining grid, heat, and broadband, but serving a different geography.
Broad incumbents
- Norlys: Denmark's largest energy and telecom cooperative serving over 750,000 members across Jutland and Funen. Directly comparable cooperative model combining electricity grid, fiber, and telecom services, but at national scale — making it a relevant larger analog to Thy-Mors Energi's vertically integrated cooperative structure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Thy-Mors Energi social profiles
Digital presenceThy-Mors Energi compliance and trust
Trust signalCompliance1 record
Thy-Mors Energi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thy-Mors Energi leadership team
Management profileNumber of profiles
Profiles8 records
Thy-Mors Energi subsidiaries and ownership
Company hierarchySubsidiaries4 records
Thy-Mors Energi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thy-Mors Energi 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 Thy-Mors Energi
What does Thy-Mors Energi do?
Thy-Mors Energi is a consumer-owned cooperative that delivers electricity distribution, fiber broadband connectivity, renewable energy production, and grid connection engineering services to its 44,000 member-owners in the Thy and Mors regions of Denmark. Through subsidiaries Netselskabet Elværk A/S (electricity grid with 99.999% reliability), Thy-Mors Energi Fibernet A/S (100% fiber coverage), Thy-Mors Energi Produktion A/S (wind, solar, biogas investments), and ENERGRID A/S (national high-voltage grid connections for renewable developers), the company combines regulated utility operations with local renewable energy development and community sponsorship programs.
Is Thy-Mors Energi a public or private company?
Thy-Mors Energi is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Thy-Mors Energi founded?
Thy-Mors Energi was founded in 1899. It employs 51 to 100 people.
Where is Thy-Mors Energi based?
Thy-Mors Energi is headquartered in Nykøbing Mors, Denmark, in the Europe region.
How does Thy-Mors Energi make money?
Five revenue lines are on record. Electricity Grid Operations (Netselskabet Elværk) is the primary driver. The others are fiber Network Operations (Thy-Mors Energi Fibernet A/S), electricity Trading (go'energi A/S), grid Connection Services (ENERGRID A/S) and renewable Energy Production (Thy-Mors Energi Produktion A/S).
Who are Thy-Mors Energi's main competitors?
Direct peers on record are Andel (formerly SEAS-NVE), Trefor, N1 (Netselskabet N1), Cerius (Radius), EWII Energi and Fibia. Others are Waoo and Energi Danmark. Verdo is listed as a regional player. Norlys is listed as a broad incumbent.
Does Thy-Mors Energi have an API?
No public API is recorded for Thy-Mors Energi.
What industry is Thy-Mors Energi in?
Thy-Mors Energi's product category is Consumer-Owned Electric Utility and Fiber Network Cooperative. Its primary akta.pro industry code is EUADALAI, DER Dispatch, Aggregation & Virtual Power Plant (VPP) Integration, with a secondary code of EUAMAJAH, Interconnection, Permitting & Grid Services for DERs. Its NAICS code is 2211 and its SIC code is 4900.