Name

Oslofjord Varme

Legal name

Oslofjord Varme AS

Website

https://oslofjordvarme.no

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

District Heating and Cooling Utilities

NAICS

Steam and Air-Conditioning Supply (221330)

SIC

Cogeneration Services & Small Power Producers (4991), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

District Heating & Cooling Thermal Storage (Network-Integrated TES) (EUAFANAH)

akta.pro secondary industries

Heat Pumps (Air/Water/Ground Source) (IMAHAKAF), Chillers, Boilers & Central Plant Operations (BPABACAG), District Energy Biomass Plants (Heating Networks) (EUAAAGAB)

Keywords

• District heating services
• District cooling services
• Renewable heat pumps
• Wastewater heat recovery
• Seawater energy utility

Headquarters

HQ city

Sandvika

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. District Heating Sales: Recurring revenue from selling heating to connected residential, commercial, and public buildings through underground pipe network. Customers include housing cooperatives (sameier), businesses, and municipalities. Pricing follows tariff model with spot price component linked to NordPool electricity prices.
2. District Cooling Sales: Revenue from selling cooling to customers in network areas. Uses the cold side of heat pump systems. When cooling demand exceeds heating demand, wastewater and seawater serve as heat sinks.
3. Construction Heating Services: Revenue from providing emission-free construction heating and drying to construction sites. This includes temporary heating solutions during building construction until permanent connections are established.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Oslofjord Varme develops, owns, and operates district heating and district cooling networks delivering renewable thermal energy from seawater, wastewater, groundwater, and industrial waste heat via large-scale heat pumps. Customers — including residential housing cooperatives, commercial property owners, and municipalities — are physically connected through underground pipe networks and receive space heating, domestic hot water, cooling, snow melting, and emission-free construction heating without owning their own heating equipment.

Differentiator

Problem solved

Functional benefit

Products and services

• Fjernvarme (District Heating) Recurring district heating service delivered through underground pipe networks to residential, commercial, and municipal buildings. Used for radiator, floor, and ventilation heating and for domestic hot water production. Approximately 95% of heating is produced with heat pumps using seawater, wastewater, or groundwater. Customers receive maintenance-free heating without owning their own heat pumps.
• Fjernkjøling (District Cooling) Recurring district cooling service delivered through the same pipe network, utilizing the cold side of the heat pump systems. When cooling demand exceeds heating demand, wastewater and seawater serve as heat sinks. Customers avoid the need to operate and maintain their own chillers or manage waste heat.
• Byggvarme og byggtørk (Construction Heating and Drying) Temporary emission-free heating and drying solutions for building construction sites, delivered via portable customer stations before permanent connections are in place. Designed to meet the Norwegian fossil-free building site requirement (mandatory from January 2022) and to reduce CO2 emissions during the construction phase.
• Ferdig varme – lokal energisentral (Ready Heat / Local Energy Centre) Turnkey local energy centre product offering, providing ready-to-use heating infrastructure for smaller buildings or sites that connect to the district heating network.
• Snøsmelting (Snow Melting) District heating-based snow and ice melting service for driveways, ramps, and outdoor surfaces, supplied through the same underground pipe network. Bekkestua expansion target includes 25,000 m² of road heating.

Quantifiable outcome

• 95% renewable heat production via heat pumps
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core.

• Å EnergicoreStrategic or Co-development Partner · 1 July 2026Å Energi sold their ownership stake in Drammen Fjernvarme to Oslofjord Varme, making Drammen Fjernvarme wholly owned by Oslofjord Varme. Transaction pending NVE and competition authority approval expected Q3 2026.
• SmartCity BærumcoreStrategic or Co-development Partner · 15 December 2015Partnership between Bærum municipality and businesses aimed at reducing energy use and greenhouse gas emissions through joint projects and collaboration. Oslofjord Varme became member in November 2015. Vision is 'Lønnsomt samspill for en grønnere fremtid' (Profitable collaboration for a greener future).
• Gardermoen Campus UtviklingcoreStrategic or Co-development Partner · 23 November 2015Partnership with Gardermoen Campus Utvikling (backed by Hemfosa samfunnsbygg AS and Aspelin Ramm) to establish energy plant at Gardermoen Campus. Energy plant uses groundwater heat pumps and CO2 heat pumps for domestic hot water. ENOVA supported the project with approximately 3.4 MNOK.
• ENOVAcoreOthersENOVA supported Gardermoen Campus project with approximately 3.4 MNOK for energy systems. Also supported LHL hospital project with approximately 30 MNOK for achieving near-zero-energy building standard.
• AlcoacoreStrategic or Co-development PartnerAlcoa aluminum plant in Mosjøen provides waste heat from casting operations. Oslofjord Varme extracts heat through heat exchangers on the roof of the aluminum plant. This forms the basis for Mosjøen Fjernvarme district heating system.
• VEAScoreOthersVEAS tunnel system carries sewage wastewater. Oslofjord Varme extracts heat from this wastewater in the VEAS tunnel for Sandvika district heating network. Approximately 94% of Sandvika heating comes from this wastewater heat recovery.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Lyse Energi: Regional Norwegian energy group operating district heating, electricity distribution, and telecom in southwestern Norway. Comparable as a Norwegian multi-utility with district heating operations, though focused on a different region.
• Eidsiva Energi: Norwegian regional utility with district heating operations in the Innlandet/Hedmark area. Comparable as a Norwegian district heating utility with renewable and waste-heat sources, serving a different geographic region.
• Skagerak Energi: Norwegian utility owned by Statkraft and municipalities in the Vestfold/Telemark region, with district heating operations. Comparable as a Norwegian regional utility with DH services using renewable sources.
• Aneo (Akershus Energi): Norwegian utility supplying district heating and electricity in the Akershus/greater Oslo area. Comparable as a regional DH provider using heat pumps and renewable sources, serving similar commercial and residential customers near Oslofjord Varme's footprint.

Broad incumbents

• ENGIE Solutions (district heating): Global energy services group with district heating and cooling operations across Europe. Comparable as a large-scale DH provider with heat-pump and waste-heat recovery experience, including Scandinavian operations.
• Dalkia (EDF group): Major French district heating and cooling operator within the EDF group, serving thousands of networks across Europe. Comparable as a large European DH/Cooling utility with heat-pump expertise and waste-heat recovery projects.
• Vattenfall Heat (Sweden/Northern Europe): Large European incumbent operating district heating networks across Sweden, Finland, Germany, the Netherlands, and the UK. Comparable as a major DH operator with renewable-heat and heat-pump capabilities, though much broader in scale and geography.

Others

• Danfoss Heat Pumps: Global manufacturer and supplier of heat-pump technology used in district heating and large-scale thermal systems. Comparable as an enabling technology provider whose heat-pump components underpin Oslofjord Varme's core production systems.

Direct peers

• Statkraft Varme: Norwegian district heating operator owned by Statkraft, supplying heat to residential and commercial customers using renewable and waste-heat sources. Directly comparable as a Norwegian DH utility with renewable heat production and concession-based operations.
• Fortum Oslo Varme (Hafslund): Operates large-scale district heating and cooling in Oslo, Norway, including waste-to-energy heat production. Most directly comparable to Oslofjord Varme in geography, technology mix, and customer base, serving overlapping commercial and residential customers in the greater Oslo region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 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 Oslofjord Varme