Aktieselskabet Tyssefaldene

What Aktieselskabet Tyssefaldene does

Aktieselskabet Tyssefaldene (AS T) is a privately held Norwegian hydropower company founded on 20 April 1906 in Tyssedal by industrialist Sam Eyde. It is jointly owned by Statkraft Energi AS (60.17%) and INEOS Tyssedal AS (39.83%), and its principal activity is the resale of electricity generated at the Tysso II hydroelectric power station—two 110 MW Pelton turbines with a 735m head, ~350 km² catchment area on the Hardangervidda plateau, 537.5 Mm³ of storage, and average annual production of ~1,150 GWh—to its two owners under long-term, concession-based contracts, with smaller concession-power deliveries to Ullensvang municipality and Vestland county.

Operationally, the company is a holding shell: it has no employees, is led by a contracted daily manager (Jan Alne) reporting to an owner-nominated board, and leases Tysso II from Statkraft under a parliamentary-terms agreement that runs through 2030 (per the company website) / 2031. Statkraft provides all daily operations, maintenance, and administrative services and remotely controls Tysso II from its Sauda operations center. AS Tyssefaldene's secondary activity is property management of real estate in Tyssedal, including the Riksantikvaren-protected Tysso I power station, which has been restored over seven years at a cost of approximately NOK 100 million and now functions as a museum/cultural venue (Vestnorsk Industristadmuseum).

The company monetizes power primarily through long-term offtake contracts with its two industrial owners and concession-power arrangements with municipal/county authorities; pricing is not publicly disclosed. Revenue is not reported in public filings. Historical milestones include the 1906–1918 build-out of the original 100 MW Tysso I station (decommissioned 1989), Tysso II construction in 1964–1967, the 2001 lease and restructuring deal with Statkraft, and the 2015 sale of the Håvardsvatn small hydro plant back to Statkraft. Recent strategic posture is one of asset rationalization and heritage stewardship rather than capacity expansion.

Name

Aktieselskabet Tyssefaldene

Legal name

Aktieselskabet Tyssefaldene

Website

https://tyssefaldene.no

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

11–50 employees

Short description

Aktieselskabet Tyssefaldene is a Norwegian hydropower holding company, majority-owned by Statkraft (60.17%) and co-owned by INEOS Tyssedal (39.83%), that resells electricity from the leased 220 MW Tysso II power station to its owners and provides concession power to local government under long-term contracts.

Ownership category

akta.pro rank

Product category

Hydroelectric Power Generation

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Small/Mini/Micro Hydroelectric Generation (EUACAEAD)

akta.pro secondary industries

Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Hydroelectric power generation
• Concession power supply
• Water resource management
• Power utility services
• Heritage property management

Headquarters

HQ city

Tyssedal

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure

Revenue model

1. Power Sales from Tysso II: Revenue generated from the sale of electricity produced by the leased Tysso II power plant. Power is delivered to owners SEAS and INEOS T based on long-term contracts in accordance with concessions. Also provides concession power to Ullensvang municipality and Vestland county.
2. Property Operations: Revenue from operating and managing properties owned by the company, primarily located in Tyssedal, including protected facilities such as Tysse 1 power station.

Go-to-market motion1 record

Distribution channels2 records

Core offering

Aktieselskabet Tyssefaldene operates hydroelectric power assets built on the waterfalls from the Hardangervidda plateau near Tyssedal, Norway. Its primary activity is reselling electricity produced by the leased Tysso II power station (two 110 MW Pelton turbines, ~1150 GWh annual production) to its co-owners Statkraft Energi AS and INEOS Tyssedal AS under long-term concession contracts, and supplying concession power to Ullensvang municipality and Vestland county. It also manages its property holdings in Tyssedal, including the heritage-listed Tysso I power station.

Product overview

Aktieselskabet Tyssefaldene operates a portfolio of hydroelectric power generation assets and related services. The company's primary active asset is Tysso II Kraftstasjon (a 220 MW Pelton turbine power station with ~1150 GWh annual production), which is leased from Statkraft Energi AS through 2031. The company also holds the protected heritage power station Tysso I (now a museum/cultural venue), and historically operated Skjeggedal (converted to pumping station) and Mågeli power stations. Core services include electricity distribution to co-owners INEOS Tyssedal and Statkraft under long-term contracts, plus property management of company-owned facilities in Tyssedal.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 1150 GWh annual production capacity
• +1 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Statkraft Energi AScoreStrategic or Co-development Partner · 1 January 2001Statkraft Energi AS is the majority owner (60.17%) of AS Tyssefaldene. The company leases Tysso II from Statkraft until 31.12.2031 and Statkraft provides daily operations, maintenance of Tysso II, and administrative services. Statkraft's operations center in Sauda remotely controls Tysso II.
• INEOS Tyssedal AScoreStrategic or Co-development Partner · 20 April 1906INEOS Tyssedal AS is a co-owner (39.83%) of AS Tyssefaldene and primary power customer receiving electricity under long-term contract. The relationship dates to the company's founding in 1906.

Scale indicators4 records

Recent moves10 records

Expansion highlights3 records

Market position

Weaknesses5 records

Competitive moat3 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aktieselskabet-tyssefaldene

Compliance1 record

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 →

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