Føie

What Føie does

Føie AS is a Norwegian regulated electricity distribution grid operator (nettselskap) holding a sole-distributor concession across the Hallingdal, Hole, Ringerike, and Nore areas in the Buskerud region. The company owns and operates approximately 8,270 kilometers of power lines and cables and 3,843 substations, delivering electricity to roughly 61,000 customers with a reported supply reliability of 99.99% (99.97% year-to-date 2025 including the storm Amy disruption). Core products are nettleie (regulated grid fees administered under RME's income framework), strømtilknytning (power connection services processed via the Tilko system for connections above 1 MW), and supporting schemes including the Plusskunde program for solar plus-customers up to 100 kW, Delt produksjon for shared production, the Norgespris 50 øre/kWh fixed-rate product for households, and HAN-port access to real-time smart meter consumption data.

Revenue is generated primarily through usage-based nettleie set annually by the RME regulator, with supplementary streams from one-time connection fees (anleggsbidrag) and the Norgespris subscription product. There is no traditional sales motion because customers are automatically connected upon physical connection; commercial effort is concentrated on installer enablement and customer service. Føie is owned by Vidju and Ringerikskraft and is pursuing a fusjon (merger) with other Ringerikskraft-aligned network companies to scale the Buskerud grid entity, while executing a multi-year capex program that includes a 30M NOK Hole subsea and HV cable project, an 18M NOK capacity-doubling transformer at Gol, and a 13M NOK flood-resilient replacement station at Nesbyen. The customer base is distributed across households, high-volume business customers above 100,000 kWh, plus-customers, and prosumers, with no named enterprise anchors and revenue concentration risk effectively limited to regulatory income-framework determinations.

Name

Føie

Legal name

Føie AS

Website

https://foie.no

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Føie is a regulated Norwegian electricity grid operator (nettselskap) holding a sole-distributor concession in Buskerud, delivering power to 61,000 customers across 8,270 km of grid and 3,843 substations with 99.99% reliability, owned by Vidju and Ringerikskraft.

Ownership category

akta.pro rank

Product category

Electricity Distribution

NAICS

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

SIC

Electric Services (4911)

akta.pro primary industry

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)

akta.pro secondary industries

Distribution Network O&M (MV/LV Lines, Switchgear, Transformers) (EUAEAGAE), Outage Management, Fault Detection & Restoration (OMS/FLISR Edge) (EUADAPAN), High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

Keywords

• Electricity grid distribution
• Regulated network operator
• Power connection services
• Smart meter infrastructure
• Grid fee services

Headquarters

HQ city

Hole

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Grid Fees (Nettleie): Føie operates as a regulated monopoly grid company. Revenue comes from grid fees (nettleie) which are approved annually by RME (Regulatoren for energi og nettselskaper). The company receives an income framework that must be distributed across customers based on actual consumption. Price adjustments are made when the company collects more or less than the framework (mer-/mindreinntekt). Grid fees apply to all customers connected to the network including households, businesses, plus customers, and prosumers.
2. Connection Fees (Anleggsbidrag): Fees charged to customers for new grid connections, upgrades, or capacity increases. For plus customers requiring overcurrent protection upgrades, an equipment contribution fee applies.
3. Norgespris Fixed Electricity Price: Optional fixed-price electricity product at 50 øre/kWh offered to households as an alternative to variable electricity prices. Customers can choose between Norgespris or the previous electricity support scheme.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Føie is a regulated monopoly electricity distribution grid operator (nettselskap) that delivers power to 61,000 customers across 8,270 km of lines and 3,843 substations in the Buskerud region of Norway. It provides grid services (nettleie), new power connections, plus-customer arrangements for solar producers, fixed-price Norgespris, smart meter data access, and cable detection services under the oversight of RME.

Product overview

Føie is a regulated electricity grid company operating as a single unified service platform providing electricity transmission and distribution across Hallingdal, Hole, and Ringerike in Norway. The core product is Nettleie (grid electricity services), supported by Strømtilknytning (power connection services) for new and existing customers. Additional service modules include Plusskundeordning for solar panel owners feeding excess power back to the grid, Delt produksjon for shared electricity production arrangements, Norgespris fixed-rate electricity pricing, HAN-port for smart meter data access, Kabelpåvisning for cable detection services, and a Dokumentbank for installer documentation. The company serves approximately 61,000 customers across 8,270 kilometers of lines and cables, maintaining 3,843 grid stations with 99.99% delivery reliability.

Differentiator

Problem solved

Functional benefit

Products and services

• Nettleie (Grid Electricity Services) Electricity transmission and distribution services to customers in the Hallingdal, Hole, and Ringerike areas, including managing the physical electricity grid, handling electricity delivery, and related customer billing. Grid fees are regulated by RME and applied based on actual consumption.
• Strømtilknytning (Power Connection Services) Services for connecting new and existing customers to the electricity grid, including larger connections over 1 MW using the Tilko system, smaller connections under 1 MW, construction power (byggestrøm), and technical requirements processing. Equipment contribution (anleggsbidrag) applies for upgrades.
• Plusskundeordning (Plus Customer Scheme) Program for electricity customers who produce their own power (e.g., solar panels) and feed excess electricity back to the grid. Customers can have production facilities up to 100 kW and sell surplus to their electricity supplier. Standard grid fees apply based on consumption.
• Delt produksjon (Shared Production) Arrangement allowing customers on the same property to share excess electricity production from facilities like solar panels among themselves.
• Norgespris (Norway Price Fixed-Rate) Fixed-price electricity arrangement where household customers lock in a rate of 50 øre/kWh (0.50 NOK per kWh) for the contract period, providing price stability compared to market rates. Customers can choose between Norgespris or the previous electricity support scheme.

Quantifiable outcome

• 5% reduction in grid fees from January 2026 balancing surplus revenue
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• GeomatikkcoreImplementation/ SI/ Consulting Partner · 1 April 2024Geomatikk took over responsibility for cable detection services for Føie in Hallingdal from April 1, 2024. All customers requiring cable detection in the Hallingdal area now order directly from Geomatikk instead of through Føie. This is a service delegation partnership where Geomatikk handles the operational task of cable location services.
• TilkocoreTechnology or IntegrationTilko is a system used by many Norwegian grid companies for managing power connection requests over 1 MW. Føie uses Tilko for larger power connections, allowing customers to track their connection request from start to completion. This is a standardized industry system for larger grid connection management.
• Ringerikskraft-konsernetcoreStrategic or Co-development PartnerFøie is part of the Ringerikskraft conglomerate and has published joint due diligence assessments under the Transparency Act (åpenhetsloven). The companies share responsibility for supply chain due diligence and social compliance.

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• BKK Nett AS: DSO serving Western Norway (Bergen, Vestland) with over 200,000 customers. Comparable as a Norwegian regulated distribution utility facing similar electrification capex and storm-resilience investment drivers.
• Lyse Nett AS: Distribution grid operator in the Stavanger/Sør-Rogaland region serving roughly 170,000 customers. Closely comparable as a municipally-owned Norwegian DSO operating in a similar regulated environment and rural/urban mixed service area.
• Ringerikskraft AS: Energy group and co-owner of Føie, with shared Buskerud operations, joint due diligence under the Transparency Act, and explicit planned merger with Føie. Highly relevant as a directly comparable Norwegian energy/grid entity.
• Elvia AS: Major Norwegian DSO formed from merger of Hafslund Eier and Eidsiva Nett, serving Innlandet and Akershus. Directly comparable as a regulated Norwegian distribution grid operator with similar RME oversight, residential/business customer mix, and electrification capex profile.
• Agder Energi Nett AS: Distribution grid operator on the southern Norwegian coast serving Agder county with roughly 200,000 customers. Directly comparable as a regulated DSO with similar RME income framework dynamics and ongoing grid modernization programs.
• Tensio AS: Distribution and grid operator in Trøndelag, Norway. Directly comparable as a regulated DSO facing similar NVE/RME oversight, storm exposure in forested terrain, and rural/urban customer mix.
• Skagerak Nett AS: Distribution system operator serving Vestfold and Telemark in Norway. Comparable as a regulated DSO with similar electrification capex, prosumer integration programs, and RME income framework exposure.
• Glitre Energi Nett AS: DSO serving the Drammen/Drammensregionen area in Buskerud, Norway — directly adjacent and overlapping region to Føie. Highly comparable as a regulated Norwegian DSO in the same county facing the same RME regulator and electrification trends.

Broad incumbents

• Statnett SF: Norway's transmission system operator (TSO) operating the high-voltage national grid. Comparable as the upstream counterpart to Føie's distribution grid; relevant for understanding the Norwegian grid value chain and Føie's interconnection economics.
• Hafslund Eco AS / Hafslund Nett: Norway's largest distribution system operator serving the Oslo/Akershus region with ~1.5 million customers. Direct comparison as the largest Norwegian DSO; illustrates the upper-bound on scale, customer mix, and rate-base metrics relevant to Føie.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubevimeo.com/787854434
• LinkedInlinkedin.com/company/foie

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Føie