What Elinett does

Elinett AS is a regulated electricity distribution grid company (nettselskap) headquartered in Molde, Norway, operating the distribution and regional electricity network across the municipalities of Aukra, Hustadvika, Gjemnes, and Molde in the Møre og Romsdal region. The company was established in 1997 (originally as Istad Nett AS, rebranded to Elinett AS in 2021 to comply with corporate separation requirements under Norwegian energy law) and is a wholly-owned subsidiary of Istad AS, which is in turn owned by Molde municipality (42.5%), Tussa Kraft (36%), KLP (13%), and Molde Municipal Pension Fund (8.5%). Elinett serves approximately 32,600–33,500 grid-connected customers, with a workforce of over 90 employees across customer service, network operations, network administration, project and network development, assembly, and electrical safety divisions.

Elinett's core technology consists of the physical high-voltage and low-voltage electricity distribution network, an Advanced Metering System (AMS) for smart metering, and a centralized operational control center (distribusjonssentral) for 24/7 grid monitoring. The company is ISO 9001 and ISO 14001:2015 certified, and has been awarded a KTI customer satisfaction score of 69 points — 13 points above the Norwegian electricity distribution industry average. Revenue is generated entirely through regulated network fees (nettleie) composed of fixed and variable consumption-based components, including peak capacity tariffs for high-usage customers, with rates subject to NVE income cap oversight. Customer segments include residential households (primary), commercial and industrial customers (e.g., Salmon Evolution, Troll Housing), agricultural customers, and holiday property owners. Beyond core distribution, Elinett offers grid connection services, outage management with 24/7 emergency response, HAN-port smart meter access, EV charging guidance, educational Energy-TV content, and tree clearing advisory near power lines.

Name

Elinett

Legal name

Elinett AS

Website

https://elinett.no

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Elinett AS is a Norwegian regulated electricity distribution grid operator serving approximately 32,600–33,500 residential, commercial, and industrial customers across the Møre og Romsdal region, generating revenue through NVE-regulated network fees.

Ownership category

akta.pro rank

Product category

Electricity Distribution (Regulated Power Grid Utility)

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

Keywords

• Electricity distribution services
• Power grid operations
• Regulated utility services
• Smart metering infrastructure
• Network connection services

Headquarters

HQ city

Molde

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Network Fee Revenue (Nettleie): Elinett generates revenue through regulated network fees (nettleie) charged to all electricity consumers connected to its distribution grid. Fees consist of a fixed component and a variable consumption-based component. As a regulated monopoly under the Norwegian Energy Directorate (NVE), revenue is subject to regulatory income caps. Peak capacity-based fees are also applied.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Elinett AS operates and maintains the regulated electricity distribution and regional power grid serving approximately 32,600–33,500 customers across the municipalities of Aukra, Hustadvika, Gjemnes, and Molde in Møre og Romsdal, Norway. The company provides safe and stable power delivery through high-voltage and low-voltage networks, smart metering (AMS), 24/7 outage management, network connection services, and a customer self-service portal, functioning as a regulated nettselskap under Norwegian Energy Directorate (NVE) oversight.

Product overview

Elinett operates as a regional electricity grid company (nettselskap) within the Istad Group, managing the distribution and regional power network across the municipalities of Aukra, Hustadvika, Gjemnes, and Molde in Norway. The company's core product is its electricity distribution network service, which ensures safe and stable power delivery to approximately 33,000 customers. Supporting this are the Customer Portal (Kundeportalen) for digital service requests, Power Outage Management with 24/7 emergency response, HAN-Port smart meter access services, Grid Development Planning for infrastructure expansion, and Network Connection Services for new installations. Additional offerings include Energy-TV educational content and advisory services for tree clearing near power lines. The company also provides electric vehicle charging guidance. Elinett operates under regulatory supervision as a monopoly company with strict neutrality requirements in the Norwegian electricity market, utilizing the national Elhub system for market processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution Network Core regulated electricity distribution service operating and maintaining the high-voltage and low-voltage power distribution network across the licensed Møre og Romsdal concession territory for residential, commercial, industrial, and agricultural customers.
• Network Connection Services Services for connecting new installations to the power grid, including connection assessments, construction power, voltage connection of new installations, and disconnection of existing facilities. Targeted at households, developers, and businesses requiring new or modified grid connections.
• Power Outage Management 24/7 emergency response service for power outages and faults, including a live outage map showing ongoing disruptions to power and district heating supply, with compensation processing for extended outages exceeding 12 hours (500 kr per outage event plus 40 kr per additional hour beyond 12 hours per connection point).
• Grid Development Planning (Kraftsystemutredning) Elinett serves as the grid investigator for its own network and as grid development coordinator for the Romsdal and Nordmøre coordination area, conducting network studies and planning infrastructure expansion for the green transition.
• Customer Portal (Kundeportalen) A web-based self-service portal enabling customers to submit and track requests for grid connections, ongoing projects, construction power, voltage quality issues, material retrieval, and fault reporting. Supports role-based access for both private individuals and businesses.

Quantifiable outcome

• Customer satisfaction KTI score of 69 points — 13 points above the Norwegian electricity distribution industry average

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Istad AScoreOthersIstad AS is the parent company that owns 100% of Elinett AS. Elinett operates as a wholly-owned subsidiary within the Istad group, receiving corporate governance, strategic direction, and potentially shared services (HR, finance, IT) from the parent. The Istad group also includes Istad Kraft AS.
• Istad Kraft AScoreStrategic or Co-development PartnerIstad Kraft AS is a related company within the same Istad corporate group as Elinett. While Elinett operates the electricity distribution grid, Istad Kraft likely operates in electricity production (hydropower) or supply, creating a vertical integration within the corporate group.
• Elmat ASminorOthersElinett holds a 5.882% ownership stake in Elmat AS, which operates as a purchasing association (innkjøpssamarbeid) for electricity grid companies. The membership enables collective procurement of equipment, materials, and services at more favorable terms through volume-based purchasing power.
• Ren ASminorOthersElinett holds a 2.564% ownership stake in Ren AS, an industry company (bransjeselskap) within the Norwegian electricity sector. Ren AS likely provides industry-wide services, standards, or collaborative initiatives for grid operators.
• Ren sjøkabelberedskap ASminorStrategic or Co-development PartnerRen sjøkabelberedskap AS is a sameie (co-ownership arrangement) focused on submarine cable preparedness and emergency response for subsea power cable infrastructure. Given Møre og Romsdal's extensive coastal and island geography, this partnership is critical for maintaining resilience of submarine grid connections.
• Kredittsikring ASminorOthersKredittsikring AS provides debt collection services to Elinett. As a utility company, Elinett may engage Kredittsikring for managing unpaid electricity bills and receivables from customers who default on network fee payments.
• Møre og Romsdal BondelagminorGTM or Marketing PartnerElinett collaborates with Møre og Romsdal Bondelag (the county branch of the Norwegian Farmers' Union) on information sharing regarding tree felling safety near power lines. This partnership educates agricultural customers and the broader community about the dangers of tree felling in proximity to electricity infrastructure.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Elvia: Elvia is the largest electricity distribution grid operator in Norway, formed from the merger of Hafslund Nett and Glitre Energi Nett. It is a direct peer to Elinett as a regulated DSO under NVE oversight, with comparable revenue model (nettleie), similar regulatory framework, and identical end-customer service categories.
• BKK Nett: BKK Nett is the regulated electricity distribution company serving the Bergen and surrounding areas in Vestland county, Norway. It is a direct peer to Elinett as a regional monopoly DSO with NVE-regulated network fees, similar customer mix (residential, commercial, industrial), and comparable capital-intensive infrastructure operations.
• Agder Energi Nett: Agder Energi Nett is the regulated DSO within Agder Energi, serving southern Norway. It is a direct peer to Elinett as a similarly structured regional monopoly DSO with regulated network fees, AMS smart metering deployment, and comparable enterprise/residential customer base.
• Skagerak Nett: Skagerak Nett is the regulated electricity distribution company in the Grenland area, owned by Statkraft. It is a direct peer to Elinett given identical regulatory model, similar customer scale, and shared industry initiatives including Elbits, Ren and Elmat ownership stakes that Elinett also holds.
• Lede: Lede is a Norwegian regulated DSO serving the Grenland region (Telemark and Vestfold counties), spun out from Statkraft. It is a direct peer to Elinett as a similarly-sized regional monopoly nettselskap operating under NVE income-cap regulation with the same customer-facing product set (distribution, AMS, outage management).
• Tensio: Tensio is the regulated electricity distribution company serving the Trøndelag region in central Norway. It is a direct peer to Elinett as a regional monopoly DSO with NVE-regulated revenue, similar AMS infrastructure, and an analogous project development organization for grid expansion.
• Lyse Elnett: Lyse Elnett is the electricity distribution arm of the Lyse Group, serving the Stavanger/Rogaland region. It is a direct peer to Elinett as a regulated Norwegian DSO, owned by municipal energy stakeholders, with comparable industrial load profile tied to regional economic activity.
• Eidsiva Energi Nett: Eidsiva Energi Nett is the regulated DSO serving the Innlandet county region in Norway. It is a direct peer to Elinett as a similarly sized regional nettselskap with NVE oversight, comparable customer base, and the same digital service portfolio including AMS and customer portal.
• TrønderEnergi Nett: TrønderEnergi Nett is the regulated electricity distribution company within the TrønderEnergi group serving parts of Trøndelag. It is a direct peer to Elinett as a regional DSO with analogous regulatory framework, customer segments, and infrastructure ownership profile.

Others

• Embriq: Embriq is a Norwegian technology provider specializing in smart metering (AMS) data collection and management for the utility sector, and is already a service provider to Elinett. It is an ecosystem participant/technology supplier rather than a direct competitor, but operates within the same Norwegian distribution-utility value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elinett

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Elinett