Elmera Group

What Elmera Group does

Elmera Group AS is a publicly listed Norwegian energy company headquartered in Bergen (Folke Bernadottesvei 38, 5147 Fyllingsdalen, org.nr 920 153 577) that provides electricity supply, billing and rating services, and electricity-related technology solutions to consumers, businesses, and wholesale market participants across Norway, Sweden, and Finland. The company operates through two wholly-owned core subsidiaries: Elmera IT, which delivers IT services and electricity-related technology solutions, and Elmera Energy (Elmera Kraftforvaltning), which handles power management and electricity trading. In FY2025, Elmera reported approximately NOK 12 billion in revenue, sold roughly 20 TWh of electricity, and served approximately 1 million customers across its three Nordic markets.

The business model combines commodity electricity supply with subscription-style recurring revenue from billing and rating services and technology solutions, sold via direct sales channels for both consumer and enterprise buyers and through wholesale trading desks. The company is segmented horizontally across Consumers, Businesses, and the Wholesale Market, and is publicly traded with investor relations, a stock at 45.90 NOK (as of 7/17/2026), quarterly and annual reporting, and an active corporate governance and ESG disclosure program (including the Klimanjaro initiative, Transparency Act, Equal Opportunities Report, and Supplier Code of Conduct). Elmera also engages in Norwegian energy policy debates through public hearings and editorial contributions on topics including fixed-price retail contracts and solar/battery incentives, indicating active regulatory positioning. There are no disclosed AI/ML, patents, named anchor customers, or specific product pricing in the source material.

Name

Elmera Group

Legal name

Elmera Group

Website

https://investor.elmeragroup.no

Company type

Public

Operating status

Operating

Headcount range

101–250 employees

Short description

Elmera Group is a publicly listed Norwegian energy company that supplies electricity, billing & rating services, and electricity-related technology solutions to approximately 1 million consumers, businesses, and wholesale market participants across Norway, Sweden, and Finland.

Ownership category

akta.pro rank

Product category

Retail Electricity Supply

NAICS

Electric Power Transmission, Control, and Distribution (22112)

akta.pro primary industry

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

Keywords

• Retail electricity supply
• Billing and rating services
• Power management services
• Wholesale electricity trading
• Energy technology solutions

Headquarters

HQ city

Bergen, Vestland

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Sales: Sale of electricity to consumers, businesses, and the wholesale market. The company serves approximately 1 million customers across Norway, Sweden, and Finland, selling approximately 20 TWh in volume.
2. Billing & Rating Services: Billing and rating technology solutions provided to customers for electricity management
3. Technology Solutions: Electricity related technology solutions sold to businesses and wholesale market

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Elmera Group supplies electricity to consumers, businesses, and wholesale market participants across Norway, Sweden, and Finland. In parallel, it provides billing & rating services and electricity-related technology solutions through its Elmera IT division, and power management and trading services through Elmera Energy (Elmera Kraftforvaltning). The combined offering serves approximately 1 million customers and processes around 20 TWh of electricity volume annually.

Product overview

Elmera Group operates as a unified platform providing electricity, billing & rating services, and electricity-related technology solutions. The company is organized into two main operational divisions: Elmera IT (technology solutions) and Elmera Energy/Elmera Kraftforvaltning (power management and trading). Together, these offerings serve approximately 1 million customers across Norway, Sweden, and Finland, handling around 20 TWh of electricity volume sold annually with revenue of approximately NOK 12 billion in 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Electricity Supply (Consumers)
• Business Electricity Supply
• Wholesale Electricity Trading
• Billing & Rating Services
• Electricity-Related Technology Solutions

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Eviny: Western Norway regional energy company (formerly BKK) supplying electricity and energy services to consumers and businesses, headquartered in Bergen like Elmera. Comparable regional retail supplier and energy services provider competing in overlapping Norwegian customer segments.
• Agder Energi: Vertically integrated regional Norwegian energy company with generation, distribution, and retail electricity supply to households and businesses. Comparable regional peer in Norwegian electricity retail, with owned generation as a key difference.
• Skagerak Energi: Regional Norwegian utility group providing electricity retail, grid, and fiber services in the Grenland and Vestfold region. Comparable mid-size Norwegian electricity retailer and energy services provider competing with Elmera in adjacent Norwegian markets.

Broad incumbents

• Fortum: Major Finnish state-linked Nordic energy company with electricity generation, retail supply, and district heating across Finland, Sweden, and Norway. Directly comparable to Elmera's multi-country Nordic electricity supply and trading business, but at much larger scale and with owned generation.
• Hafslund: Large Norwegian energy group active in electricity distribution, retail supply, and power-intensive services. Overlaps directly with Elmera's Norwegian retail supply and billing activities, with a much larger regulated wires business.
• Statkraft: Norwegian state-owned renewable energy generator and market participant with significant Nordic electricity trading operations. Comparable through its wholesale market activities and Nordic market access, though vertically integrated into hydro generation unlike Elmera.
• Vattenfall: Swedish state-owned energy company supplying electricity and heat to retail, business, and wholesale customers across the Nordics and Northern Europe. Comparable as a broad Nordic retail electricity and B2B supplier, with substantially larger scale and owned generation.

Direct peers

• Tibber: Norwegian-founded tech-forward electricity retailer operating in Norway, Sweden, Finland, Germany, and the Netherlands with app-based billing and consumption insights. Closest direct peer to Elmera's technology-enabled retail supply model, competing head-to-head in the same three Nordic markets.
• Fjordkraft: Norwegian electricity retailer (now part of Telia Norway) serving consumers and businesses across Norway. Direct competitor to Elmera's Norwegian consumer and SMB electricity supply business with comparable scale and customer profile.
• Entelios: Nordic B2B-focused energy supplier and power management provider serving commercial and industrial customers across Norway, Sweden, Denmark, and Finland. Highly comparable to Elmera's B2B electricity supply and power management offerings (Elmera Energy/Elmera Kraftforvaltning).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elmera-group

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 Elmera Group