What Thy Forsyning does

Thy Forsyning A/S is a vertically integrated municipal utility company formed on January 1, 2024, through the merger of Affald Thy (waste management) and Thisted Vand A/S (water and wastewater). Wholly owned by Thisted Kommune (Thisted Municipality) and operating under Denmark's regulated 'hvile-i-sig-selv' (break-even) principle, the company provides drinking water, wastewater collection and treatment, and household/commercial waste management services across the municipality. The holding structure comprises six wholly-owned subsidiaries: Thy Drikkevand A/S (drinking water), Thy Spildevand A/S (wastewater collection, ~1,000 km of sewer network), Thy Renseanlæg A/S (five treatment plants), Thy Recycle ApS (waste collection and four recycling centers), Thy Industri Recycle ApS (hazardous waste from 400+ commercial customers, ~1,400 tons annually), and Thy Service ApS (support services). Thy Drikkevand A/S delivers approximately 70% of the municipality's drinking water, pumping directly from groundwater sources without treatment — a meaningful cost and quality advantage.

The company operates a B2C/B2B direct-to-consumer model through door-to-door collection using dual-compartment trucks, four physical recycling centers with 24-7 license plate scanning access, the Thy Recycle mobile app (iOS/Android), self-service portals, and on-demand bulky/garden waste pickup services (GenbrugsEkspressen and HaveEkspressen). Revenue is generated through subscription and usage-based tariffs for water consumption, wastewater drainage, and waste collection, plus commercial fees for hazardous waste handling. Educational outreach (Thy Genbrugsguider for schools, Kun 3 ting campaign) supports community engagement and recycling behavior change. The company achieved a 57.4% recycling rate in 2023, exceeding EU and Danish national targets, with stated objectives of 55% by 2025, 60% by 2030, and 65% by 2035. Workforce stands at 26 employees with approximately 34 additional hires planned for in-house waste collection starting November 1, 2027. Capital commitments exceed 1 billion DKK for complete sewer separation, a new water source by 2036, and ongoing infrastructure modernization.

Name

Thy Forsyning

Legal name

Thy Forsyning A/S

Website

https://thyforsyning.dk

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Thy Forsyning is a municipally-owned utility (Thisted Kommune, Denmark) providing integrated drinking water, wastewater, and waste management services across Thisted Municipality, operating under a non-profit break-even model with six operating subsidiaries.

Ownership category

akta.pro rank

Product category

Municipal Utility Services

NAICS

Water Supply and Irrigation Systems (221310), Sewage Treatment Facilities (22132), Waste Collection (5621), Hazardous Waste Treatment and Disposal (562211), Waste Management and Remediation Services (562)

SIC

Water Supply (4941), Refuse Systems (4953), Hazardous Waste Management (4955), Sanitary Services (4950)

akta.pro primary industry

Municipal Solid Waste Collection (Residential/Commercial) (IMAIAFAA)

akta.pro secondary industries

Public Works / In-House Municipal Collection Operations (EUAIAAAF), Household Hazardous Waste (HHW) Collection & Transfer (BPALABAF)

Keywords

• Municipal water supply
• Wastewater treatment services
• Household waste collection
• Recycling center operations
• Hazardous waste management

Headquarters

HQ city

Thisted

HQ country

Denmark

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Drinking Water Supply: Revenue from drinking water supply including water consumption fees, annual meter fees, state fees, and BNBO nitrate fees. The company operates under the 'hvile-i-sig-selv' (break-even) principle, meaning it cannot generate profit.
2. Wastewater Treatment: Revenue from wastewater/sewage treatment including water drainage fees and annual connection fees. Part of the municipal utility structure.
3. Waste Collection and Recycling: Revenue from waste collection services including environmental fees, food waste, paper/plastic/metal collection, glass/metal collection, and hazardous waste box fees. Covers operation of recycling centers and express collection services.
4. Thy Industri Recycle (Hazardous Waste): Collects approximately 1,400 tons of hazardous waste annually from over 400 customers in Thy and Mors. Operated as separate entity under Thy Forsyning.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Thy Forsyning A/S is a municipally-owned multi-utility providing three integrated service lines to all residents and businesses of Thisted Municipality, Denmark: drinking water supply (delivering ~70% of the municipality's water from groundwater sources), wastewater collection and treatment (across ~1,000 km of sewers and five treatment plants), and household/industrial waste collection and recycling (nine waste fractions, four recycling centers, bulky and garden waste express pickups, and ADR-certified hazardous waste handling for businesses).

Product overview

Thy Forsyning A/S is a multi-utility platform providing three core service lines — drinking water supply (Thy Drikkevand A/S), wastewater collection and treatment (Thy Spildevand A/S and Thy Renseanlæg A/S), and waste management (Thy Recycle). The company operates as a holding with several subsidiaries: Thy Drikkevand A/S supplies approximately 70% of drinking water in Thisted Municipality; Thy Spildevand A/S manages around 1,000 km of sewers; Thy Renseanlæg A/S operates five treatment plants. The waste division (Thy Recycle) handles household waste collection across nine fractions, operates four recycling centers (Thisted, Hanstholm, Hurup, Frøstrup), and provides on-demand services including GenbrugsEkspressen (bulky waste) and HaveEkspressen (garden waste). Additional offerings include Thy Industri Recycle for commercial hazardous waste, the Thy Recycle mobile app with a digital sorting guide (2,600+ waste types), and educational programs for children (Thy Genbrugsguider, Kun 3 ting).

Differentiator

Problem solved

Functional benefit

Brands

• Thy Genbrugsguider: A sensory and playful educational program for kindergartens and grades 0-3 in Thy, where children are trained as 'Genbrugsguider' (recycling guides) learning about waste sorting through hands-on activities and visits to the Thisted recycling center.
• Kun 3 ting
• GenbrugsEkspressen
• HaveEkspressen
• Genbrug Thy 24-7

Products and services

• Drinking Water Supply (Thy Drikkevand A/S) Subsidiary utility supplying drinking water to households and businesses in Thisted Municipality; delivers approximately 70% of municipal drinking water directly from groundwater sources without treatment, and serves as backup supplier for other local water utilities.
• Wastewater Collection (Thy Spildevand A/S) Wastewater collection and conveyance service across approximately 1,000 km of sewer pipes in Thisted Municipality, with around 80% separated into dedicated rainwater and foul water systems; remaining ~100 km of sewer separation work ongoing.
• Wastewater Treatment (Thy Renseanlæg A/S) Biological and chemical treatment of collected wastewater at five treatment plants in Thisted, Hanstholm, Tåbel, Vilsund, and Øsløs, protecting the Limfjord environment; undergoing air treatment upgrades and modernization at the Thisted plant.
• Household Waste Collection (Thy Recycle) Door-to-door collection of sorted household waste across nine fractions (food waste, residual waste, paper/cardboard, plastic/metal drink cartons, glass/metal, hazardous waste, etc.) using dual-compartment trucks that keep fractions separated during collection.
• GenbrugsEkspressen (Bulky Waste Pickup) On-demand doorstep collection of bulky waste (storskrald) such as furniture and large appliances, with weekly rotating coverage across different areas of Thisted Municipality; booked via the Thy Recycle app, self-service portal, or customer service.
• HaveEkspressen (Garden Waste Pickup) Monthly doorstep collection of garden waste (branches, leaves, plant material) for Thisted Municipality residents, booked via the Thy Recycle app, self-service portal, or phone.
• Thy Industri Recycle (Hazardous Waste Collection for Businesses) ADR-certified hazardous waste collection and handling service for businesses across Thy and Mors; offers direct pickup from business premises using company-operated fleet, accepting both large and small quantities of hazardous materials.
• Genbrug Thy 24-7 (24-7 Recycling Center Access) Round-the-clock unmanned access to the Thisted, Hanstholm, and Hurup recycling centers for registered residents via automatic license plate recognition scan, activated through MitID registration; available for passenger vehicles under 3,500 kg, with hazardous waste and compactor access restricted to staffed hours.

Quantifiable outcome

• Recycling rate of 57.4% achieved in 2023, exceeding EU and national targets of 55%
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Private Water Utilities in Thisted MunicipalitycoreStrategic or Co-development Partner · 19 January 2026Collaboration with private water utilities in the area for comprehensive and robust water supply solutions. Snedsted Vandværk transferred to Thy Forsyning effective January 1, 2026.
• K.E. Andersen & Søn A/SminorImplementation/ SI/ Consulting Partner · 31 March 2025Main contractor for renovation of Frøstrup Genbrugscenter, starting April 7, 2025 with construction work including tree removal for significant expansion of the site.
• Rambøll Danmark A/SminorImplementation/ SI/ Consulting Partner · 31 March 2025Engineering and consulting firm serving as advisor and construction manager for Frøstrup Genbrugscenter renovation project.
• Tømrerfirma M.C. Overgaard A/SminorImplementation/ SI/ Consulting Partner · 23 January 2025Main contractor for construction of new administrative building at Tigervej 8, Thisted. Building comprises 1,448 square meters on two floors housing administrative offices and drinking water facilities.
• Rødbro ArkitekterneminorImplementation/ SI/ Consulting Partner · 23 January 2025Architectural firm responsible for design of new administrative building at Tigervej 8.
• BRIX & KAMP A/SminorImplementation/ SI/ Consulting Partner · 23 January 2025Engineering firm serving as consultant for new administrative building project.
• Local Schools and KindergartensminorStrategic or Co-development Partner · 30 September 2024Co-development of Thy Genbrugsguider educational program with local institutions. Local schools and kindergartens participated in developing and testing the program content.
• Thisted KommunecoreStrategic or Co-development Partner · 2 April 2024Thy Forsyning is 100% owned by Thisted Municipality. Close collaboration on groundwater protection, infrastructure planning, and environmental initiatives including joint efforts for BNBO protection and nitrate protection.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Kredsløb: Waste management and district heating company owned by Aarhus Municipality. Directly comparable on the household waste collection, recycling center operations, and Danish municipal ownership side of Thy Forsyning's business.
• DIN Forsyning: Multi-utility formed from the merger of several southern Danish municipal utilities, offering water, wastewater, and waste services. Directly comparable as a Danish merged municipal utility serving multiple functions.
• Aarhus Vand: Water and wastewater utility in Aarhus Municipality. Comparable on the regulated water and wastewater operations under Danish municipal utility structure, though larger and with more urban density.
• VandCenter Syd: Water and wastewater utility serving Odense. Directly comparable on the water/wastewater side of Thy Forsyning's operations under a similar Danish municipal ownership structure.
• Aalborg Forsyning: Municipally owned multi-utility in Aalborg providing drinking water, wastewater, and waste management in northern Jutland. Closely comparable to Thy Forsyning in structure, service mix, and Danish municipal utility model.

Regional players

• Verdo: Multi-utility in Randers area offering water, heating, electricity, and fiber. Comparable in Danish municipal utility structure and broad service offering, though serving a different geography.
• TREFOR: Multi-utility serving the Kolding/Trekantsomraadet region with water, electricity, heating, and fiber. Relevant comparable for integrated Danish municipal utility model and customer-utility engagement approach.
• Energi Viborg: Multi-utility in Viborg Municipality providing energy and water services. Comparable on the Danish municipal utility model, though with a stronger energy orientation.
• Nordjysk Energi (formerly NV Net): Energy and utility company in northern Jutland. Relevant as a regional Danish utility peer in Thy Forsyning's geography, though focused primarily on energy rather than water/waste.

Broad incumbents

• Hofor: Large Copenhagen-area multi-utility providing water, wastewater, heating, and gas. While much larger, Hofor shares the Danish municipal utility model and integrated water/wastewater/waste portfolio, making it a relevant broader incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/thyforsyning
• LinkedInlinkedin.com/company/thy-forsyning

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 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 Thy Forsyning