Næstved Fjernvarme A.M.B.A

What Næstved Fjernvarme A.M.B.A does

Næstved Fjernvarme A.m.b.A. is a customer-owned cooperative (Andelsselskab med begrænset ansvar) district heating utility headquartered at Maglemølle 62, Næstved, Denmark (CVR: 69995713), founded in January 1965 with operations beginning October 5, 1965. The company distributes heat via a closed-loop pipeline network from five central production plants (Åderupvej, Kanalvej, Ny Holsted, Ejlersvej, H.C. Andersensvej) plus the Næstved Sygehus hospital boiler central and associated pump stations and heat exchanger stations. Individual customer premises are served by district heating units (fjernvarmeenheder), with new units designed for 30+ year operational lifespans and pipelines engineered for a minimum 60-year service life. The company operates under the Danish "hvile-i-sig-selv" non-profit principle, with revenue covering costs only and any surpluses retained to reduce customer heat prices.

The business generates revenue through three primary streams: (1) district heating supply itself, billed as a hybrid of variable consumption charge (per kWh drawn), fixed annual contribution based on BBR square footage, and fixed meter rental, with quarterly billing in February, April, July, and October; (2) three-tier service subscriptions for the in-premise unit — Model A full-service (~250 DKK/month, NFV owns and maintains), Model B customer-installed rental (~150 DKK/month), and Model C customer-owned; and (3) flexible connection payments, either a one-time 84,110 DKK fee for properties under 300 m² or 20-year installment plans (Grønt Omstillingsbidrag) with the obligation registered against the property. Approximately 87% of current heat is sourced from municipal waste incineration via AffaldPlus, with a strategic plan to reach 99.5% renewable energy by 2028 and CO2-neutral operations by end of 2029.

The company serves residential property owners as its primary segment, with field-based direct sales (information meetings, household-distributed materials, community ambassador corps) targeting 4,900 properties in designated expansion areas between 2024 and 2028 under a 900 million DKK total investment program supported by 66 million DKK in state subsidies. Marketing relies on a multi-channel mix including an ambassador corps of named local volunteers, the E|Forsyning self-service portal and mobile app (iOS/Android), Betalingsservice direct-debit enrollment, e-Boks digital mailbox integration, and energy-advice content. The company holds KommuneKredit Green Certificates, with green loans representing 55% of total loans as of year-end 2025/26, and discloses an environmental performance of 4.3 g CO2 per kWh — 88% below a natural gas boiler.

Name

Næstved Fjernvarme A.M.B.A

Legal name

Næstved Fjernvarme A.m.b.A.

Website

https://naestvedfjernvarme.dk

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Næstved Fjernvarme A.m.b.A. is a customer-owned cooperative district heating utility in Næstved, Denmark, supplying heat primarily from municipal waste incineration to residential and commercial properties. It is executing a 2024-2028 expansion to connect 4,900 additional properties and reach 99.5% renewable energy by 2028.

Ownership category

akta.pro rank

Headquarters

HQ city

Næstved

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Variable Consumption Charge: A variable price per unit of heat consumed (kWh), determined by the volume of hot water drawn through the customer's meter. This is the primary ongoing revenue driver and varies with seasonal demand.
2. Fixed Annual Contribution: A fixed annual fee calculated based on the property's square footage (from BBR registry). Combined with the variable charge and meter rental to form the expected annual heat price. The non-profit model means revenues must only cover costs.
3. Connection Fee (Tilslutningsbidrag): One-time connection fee for new customers in existing areas, currently 84,110 kr. for properties under 300 m². In new expansion areas (2024-2028), customers can pay upfront or spread the cost over 20 years via 'Green Transition Contribution' (Grønt Omstillingsbidrag).
4. Service Subscription Revenue: Monthly subscription fees from three service models: Model A (Varmemesterordning) at approximately 250 kr./month for full-service ownership and maintenance; Model B (Leje) at approximately 150 kr./month for customer-installed equipment; and a maintenance agreement at 125 kr./month for gas boiler coverage during the pre-connection waiting period.
5. Meter Rental: Fixed annual meter rental charge included as one of three components of the heat price (alongside variable consumption and fixed contribution). Remote reading (fjernaflæsning) is used for all customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Næstved Fjernvarme A.M.B.A. is a customer-owned non-profit cooperative that supplies district heating (hot water circulated through a closed-loop pipe network) to residential and commercial properties in Næstved, Denmark. Heat is sourced primarily from waste incineration at the AffaldPlus plant (approximately 87%) with new renewable capacity (straw boilers, electric boilers, heat storage) under construction. Revenue is generated via variable consumption charges (per kWh), fixed annual contributions based on property square footage, meter rental, and one-time connection fees, with revenues required only to cover costs under the non-profit hvile-i-sig-selv principle.

Product overview

Næstved Fjernvarme A.M.B.A is a non-profit district heating cooperative supplying heating to residential and commercial properties in Næstved, Denmark. The core offering is district heating sourced primarily from waste-to-energy (approximately 87%), with a strategic plan to reach 99.5% renewable energy by 2028. The product portfolio centers on district heating delivery with three connection payment models (lump-sum, green transition contribution with/without down payment), three district heating unit service models (Model A full-service rental, Model B customer-installed rental, Model C customer-owned), and a gas boiler maintenance agreement for customers awaiting connection. Complementary offerings include an efficiency incentive tariff (Motivationstarif) that rewards lower return temperatures, the E|Forsyning customer portal for consumption tracking, and an ambassador program for community engagement. The company is currently undergoing a major 5-year expansion project (2024-2028) to connect 4,900 additional properties, requiring new production capacity including two 26 MW straw boilers, one 30 MW electric boiler, and storage tanks.

Differentiator

Problem solved

Functional benefit

Brands

• E|Forsyning: Electronic customer portal for tracking heat consumption, viewing annual statements, and managing documents.

Products and services

• Fjernvarme (District Heating Supply) District heating supply sourced primarily from waste-to-energy (approximately 87% from AffaldPlus), with target of 99.5% renewable energy by 2028. Operates under non-profit 'hvile-i-sig-selv' principle where revenue covers costs only. Delivered to residential and commercial properties in Næstved via a closed-loop pipe network.
• Fjernvarmeanlæg på Abonnement Model A (Full-Service Subscription) Full-service district heating unit rental at approximately 250 kr/month. The company owns, delivers, installs, services, maintains, and replaces the unit at end of life. Includes weather compensation, domestic hot water heat exchanger, and all repairs and parts. Out-of-hours service call fee of 3,125 kr applies if issue is attributable to customer's own installation.
• Fjernvarmeanlæg på Abonnement Model B (Customer-Installed Rental) District heating unit rental at approximately 150 kr/month. The company purchases the unit and handles service and maintenance. Customer arranges installation through an authorized plumber. When the unit is worn out, the customer's plumber collects a replacement.
• Vedligeholdelsesaftale for Gasfyr (Gas Boiler Maintenance Agreement)

Quantifiable outcome

• CO2 emissions of 4.3 g per kWh — 88% lower than a natural gas boiler
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Dansk Fjernvarmes Handelsselskab A.M.B.A.minorStrategic or Co-development Partner · 1 January 2025Dansk Fjernvarmes Handelsselskab A.M.B.A. provides advisory services to Næstved Fjernvarme. The contract scope is under 250,000 kr. annually, disclosed per regulatory requirements for agreements with interested-affiliated companies. The company also adheres to codes of conduct published by the industry association Dansk Fjernvarme.
• AffaldPluscoreStrategic or Co-development PartnerAffaldPlus is a municipal waste management company owned by Faxe, Næstved, Ringsted, Slagelse, Sorø, and Vordingborg municipalities. It operates the waste-to-energy plant that provides the majority of Næstved Fjernvarme's heat supply (approximately 87%). Heat is generated from incineration of non-recyclable waste. The partnership dates to 1979 when Næstved municipality decided to join the joint municipal waste-to-energy facility FASAN (later AffaldPlus), which was inaugurated in 1982 and began supplying surplus heat to Næstved Varmeværk in 1983.
• Poul Sejr Nielsen A/S (VVS firm)minorImplementation/ SI/ Consulting PartnerPoul Sejr Nielsen A/S is an authorized plumbing and heating contractor that performs installation work for Næstved Fjernvarme's Model A service subscriptions. The company handles the physical installation of district heating units for customers, while NFV retains ownership and service responsibility.
• JHH (Entrepreneur/Contractor)minorImplementation/ SI/ Consulting PartnerJHH is the civil works contractor performing main pipeline and connection installation for the district heating network expansion in new areas. Residents experiencing access issues, road closures, or other construction-related matters in expansion areas are directed to contact JHH directly. The company operates a phone hotline during working hours and an emergency line for urgent issues.
• Lyngkilde (Project Management / Construction Supervisor)minorImplementation/ SI/ Consulting PartnerLyngkilde serves as the project management and construction supervision firm overseeing the district heating expansion project (2024-2028). Responsible for overall project coordination and acts as the escalation contact for residents with questions about the overall project. Contact: Christina Brandt, project manager.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Kolding Fjernvarme: Danish district heating cooperative in Kolding with a comparable residential customer base and renewable heat-transition mandate. Similar non-profit customer-owned governance model.
• HOFOR: Largest district heating utility in Denmark, serving Copenhagen and surrounding municipalities. Directly comparable as a municipally-affiliated non-profit heat utility distributing hot water via closed-loop networks to residential and commercial customers.
• Amager Resource Center (ARC): Copenhagen-based waste-to-energy operator that integrates CHP with district heating distribution. Closely comparable heat-supply model to Næstved Fjernvarme's reliance on AffaldPlus for the majority of its heat input.
• Aalborg Forsyning: Multi-utility company in Aalborg providing district heating, water, and waste services. Comparable municipal non-profit utility model with similar residential district-heating customer base and gas-phase-out exposure.
• Viborg Varme: Mid-sized Danish district heating utility serving Viborg municipality. Comparable in scale and customer type, with similar regulatory exposure to the national gas-phase-out mandate.
• Din Forsyning: Multi-utility cooperative on the west coast of Denmark (Esbjerg area) providing district heating among other services. Comparable in serving a single municipality with a customer-owned cooperative model and renewable transition plans.
• Vestforbrænding: Waste-to-energy operator serving Greater Copenhagen that supplies heat to multiple district heating networks. Comparable business model as a heat-offtake from waste incineration integrated with district heating distribution.
• Sønderborg Fjernvarme: District heating utility in Sønderborg with comparable scale and renewable heat-transition profile. Similar non-profit cooperative structure serving residential customers in a designated district-heating area.
• Odense Fjernvarme: District heating cooperative in Odense serving a comparable residential customer base with combined heat and power integration. Similar non-profit cooperative ownership structure and expansion model.
• Vejle Fjernvarme: Danish district heating utility of comparable scale to Næstved Fjernvarme. Directly comparable as a regional cooperative delivering residential district heating with renewable fuel-mix transition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/n%C3%A6stved-fjernvarme-a.m.b.a

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Næstved Fjernvarme A.M.B.A