What NEAS ASA does

NEAS ASA, legally NEAS AS (Org. nr. 925 504 033), is a private Norwegian multi-utility group headquartered at Campus Kristiansund and founded in 1990, operating as a 'lokal totalleverandør' (local total supplier) across the Mid-Norge (NO3) price area. The company serves residential, SMB, enterprise, municipal, and housing cooperative customers in Nordmøre, Oppdal/Rennebu, and Røros with an integrated portfolio spanning electricity retail, fiber broadband (up to 750 Mbps symmetric), TV and streaming (via Telia Play), mobile (via Telia), EV charging solutions (Easee hardware plus the proprietary NEAS Ladeplattform), IT security (Trygg Bedrift: Trygg Sky, Trygg Server, Trygg Surfing), electrical contracting and automation (NEAS Elektro), and small-scale hydropower administration (Småkraft).

The technology stack rests on a fiber-to-the-home network plus an open fiber wholesale layer (mørkfiber/bølgelengde/kapasitet with VLAN exchange partnerships), the proprietary Neas Sanntid real-time electricity monitoring device (HAN-port connected, locally 3D-printed housing, WiFi-linked into the Min Side portal and mobile app), and self-service customer portals (Min Side for consumers, Min Side Bedrift for multi-location enterprises). Electricity contracts are diversified across spot variants, fixed-term (6-month to 3-year), Norgespris government product, and KBBL-member preferential tiers, with bundled offers (Fullt Hus, Full Flex) tying together telecom, internet, and energy.

Revenue is generated through subscription recurring fees across electricity, broadband, TV, mobile, and IT security; usage-based electricity markups on spot and variable contracts; one-time EV charger installation fees (NOK 15,490 promotional pricing with interest-free installment on electricity bill); and project-based electro/IT/automation contracts (e.g., Nordic Halibut's ~100 km cabling land-based aquaculture facility). The group operates through four affiliated entities (NEAS AS, NEAS Energi Telekom AS, NEAS Elektro AS, NEAS IT AS), with ISO 14001 certification and UN Global Compact membership anchoring its ESG positioning, and distribution via three regional contact centers plus direct enterprise field sales.

Name

NEAS ASA

Legal name

NEAS AS

Website

https://neas.no

Company type

Private

Founded year

1990

Operating status

Operating

Short description

NEAS ASA is a Norwegian private multi-utility group headquartered in Kristiansund that supplies electricity, fiber broadband, TV, mobile, IT security, EV charging, and electrical services to residential, SMB, municipal, and enterprise customers across Mid-Norge (NO3).

Ownership category

akta.pro rank

Product category

Utilities and Telecommunications Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Telephone Interconnect Systems (7385)

akta.pro primary industry

Network-as-a-Service (NaaS) & On-Demand Connectivity (HDABALAE)

akta.pro secondary industry

Virtualized Security & SASE for Telco Networks (vFW, vDDoS, vSEC, Secure Edge) (HDAIAIAK)

Keywords

• Electricity retail supply
• Fiber broadband services
• Electrical installation services
• EV charging solutions
• IT security services

Headquarters

HQ city

Kristiansund

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Sales (Strøm): NEAS sells electricity to residential and business customers through various contract types including spot price contracts (Neas Spot), fixed-price contracts (Neas Fast), and standard variable contracts (Neas Basis). Revenue is generated through electricity consumption (usage-based per kWh), fixed monthly fees, and margin markups on spot prices. The company also offers Norgespris (fixed annual price) as an alternative to electricity support schemes.
2. Broadband and Internet Services: NEAS delivers fiber-based internet (up to 750 Mbps symmetric) to residential and business customers. Revenue is generated through monthly subscription fees with various speed tiers. Internet is bundled with TV and mobile services or sold standalone.
3. TV and Streaming Services: NEAS resells Telia Play (TV platform) including base packages (40+ channels), optional point-based channel packs (valgmeny), and streaming service subscriptions (Netflix, HBO Max, Viaplay, etc.). Revenue comes from base subscription fees plus optional channel/streaming add-ons.
4. Mobile Services: NEAS resells mobile subscriptions from Telia with customer discounts for existing NEAS customers. Revenue is generated through monthly mobile subscription fees.
5. Electro, IT and Automation Services: NEAS provides electrical installation, IT infrastructure, automation systems, and security solutions to businesses and housing cooperatives. This includes project design, execution, and maintenance for electrical systems, data centers (Trygg Server), cybersecurity (Trygg Sky, Trygg Surfing), and building management systems. Revenue is generated through project fees and ongoing service contracts.
6. EV Charger Sales and Installation: NEAS sells and installs home and workplace EV charging stations (Easee ladebokser) including complete installation services. Offers a promotional price for residential customers and workplace charging solutions for businesses through the NEAS Ladeplattform.
7. Wholesale Fiber / Dark Fiber: NEAS practices 'åpent fibernett' (open fiber network) offering dark fiber, wavelength, and capacity services to potential wholesale providers, and exchanges VLAN with regional and national partners. Revenue is generated through wholesale capacity agreements.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

NEAS is a local total supplier in Mid-Norway (NO3) selling electricity contracts, fiber broadband, TV and streaming through Telia Play, mobile subscriptions, EV charging solutions, the Neas Sanntid real-time energy monitoring device, the Trygg Bedrift IT security package, and electrical installation and automation services to residential and business customers. It serves households, businesses, housing cooperatives and municipalities across Nordmøre, Oppdal/Rennebu and Røros through local contact centers and self-service digital channels.

Product overview

NEAS ASA is a local total supplier offering an integrated portfolio of energy, telecommunications, and electrical services primarily in Mid-Norway (NO3). The offering consists of electricity contracts (Spot variants with different pricing structures, Fixed contracts, Norgespris fixed-price product, and Strømstøtte subsidy management), internet services (fiber up to 750 Mbps), TV and streaming (Telia Play with Telia Play Box), mobile (via Telia partnership), EV charging (Easee chargers with Ladeplattform for businesses), real-time electricity monitoring (Neas Sanntid), and business IT security (Trygg Bedrift with Trygg Sky, Trygg Server, Trygg Surfing). Additional services include electrical installation and automation, small-scale hydropower management, and customer portals (Min Side for individuals, Min Side Bedrift for businesses). Products are offered individually or in bundles like Fullt Hus and Full Flex for housing cooperatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Contracts (Strøm) Residential and business electricity supply contracts for the NO3 Mid-Norway price area, offered across spot (Neas Spot), fixed-term (Neas Fast 6 mnd / 1 år / 3 år), variable (Neas Basis), local renewable origin-guaranteed (Neas Spot Lokal Fornybar), Oppdal/Rennebu fiber-bundle (Neas Spot Fullt Opp), solar plusskunde and KBBL-member (Neas Spot Fordel, Neas Basis Fordel) variants, plus fixed-price Norgespris management and Strømstøtte subsidy automation.
• Fiber Internet Fiber-optic broadband with speeds up to 750 Mbps symmetric and unlimited data capacity, delivered over NEAS's open fiber network to residential and business customers in the Mid-Norway region.
• TV and Streaming (Telia Play) TV and streaming service offered in partnership with Telia, providing a base package of 40+ channels, 60 points for additional channels or streaming services (Netflix, HBO Max, Viaplay, etc.) and access to the Telia Play Box 4K device.
• Mobile Subscriptions Mobile phone subscriptions resold from Telia with preferential pricing and customer discounts for existing NEAS electricity, internet and TV customers.
• Neas Elbillader (Residential EV Charger) End-to-end home EV charger offering built around the Easee smart charging box with complete NEAS Elektro installation, a July campaign price of kr 15,490 inkl. mva and an interest-free installment option from kr 430.27 per month on the customer's electricity bill.
• NEAS Ladeplattform (Business EV Charging Platform) Business charging management platform enabling fleet, employee private-vehicle and public guest charging through a single backend with sustainability reporting on CO2 savings and customizable per-kWh pricing for guest charging.
• Neas Sanntid Proprietary real-time electricity monitoring device that connects to the HAN-port on the customer's electricity meter (operated by Mellom in Nordmøre and Tensio in Trøndelag) and streams live consumption data via WiFi to the Neas App and Min Side portal, with locally 3D-printed housing and LED status indicators.
• Trygg Bedrift (Business IT Security Package) Combined business IT security package delivering Microsoft 365 security with device management, threat protection and Zero Trust access control via Trygg Sky, secure local data center hosting via Trygg Server, and real-time web filtering via Trygg Surfing from Telia.
• Elektro Services Electrical installation, automation and building management services delivered by NEAS Elektro AS for residential and business customers, including new construction, renovations, electrical safety inspections, industrial automation and Boligmappa documentation.
• Småkraft Small-scale hydropower management and administration services for power producers, offered as a dedicated business line under NEAS Bedrift.
• Energioptimalisering Smart energy-saving systems for business customers to optimize consumption and costs, integrated with the Min Side Bedrift portal and electricity contract portfolio.
• Min Side Bedrift Comprehensive self-service business customer portal for multi-location enterprise customers providing real-time electricity consumption tracking, spot price monitoring, grid cost analysis, invoice archive, support case management and user access roles with sustainability reporting.

Quantifiable outcome

• For Sameiet Skifer Signatur, NEAS advisory on electricity support schemes resulted in approximately 100,000 kr in savings on shared heating costs.
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered strategic, minor and core.

• UN Global CompactstrategicStrategic or Co-development Partner · 1 January 2021NEAS is a member and sponsor of UN Global Compact, the UN organization for sustainable business. The partnership commits NEAS to sustainable development principles locally and globally. Under this partnership, NEAS helped establish the UN Global Compact regional office for Møre og Romsdal in Kristiansund, alongside Kristiansund Kommune, SpareBank 1 Nordmøre, and KNN.
• SpareBank 1 NordmøreminorGTM or Marketing Partner · 1 January 2021SpareBank 1 Nordmøre is a co-sponsor of multiple NEAS community events including Nordic Light Barnefestival, Plask Badedag, and other neighborhood activities. The partnership provides joint visibility and community engagement across the Nordmøre region.
• TeliacoreChannel Partner/ Reseller/ DistributorNEAS resells Telia Play TV platform and Telia mobile services to its customer base. Telia Play provides access to channels (NRK, TV 2, TVNorge), a base package of 40+ channels with 60 optional points for customization, and streaming service integration (Netflix, HBO Max, Viaplay, etc.). NEAS also distributes Telia mobile subscriptions with customer discounts. The partnership enables NEAS to offer comprehensive TV and mobile services without building its own infrastructure.
• Mellom (Nordmøre network operator)coreOthersMellom is the network operator (netteier) for the Nordmøre area. NEAS collaborates with Mellum for HAN-port opening procedures — customers with NEAS electricity contracts must open their HAN-port through Mellom's website. The HAN-port (Home-Area-Network) on electricity meters is managed by the network operator, enabling Neas Sanntid real-time monitoring.
• Tensio (Trøndelag network operator)coreOthersTensio is the network operator (netteier) for the Trøndelag area where NEAS serves customers in Oppdal and Røros. NEAS works with Tensio for HAN-port opening for its Neas Sanntid monitoring product, enabling customers to access real-time electricity data via the Tensio portal.
• KBBL (Kristiansund Boligbyggelag)coreChannel Partner/ Reseller/ DistributorKBBL is a housing cooperative (borettslag) association that enables NEAS to reach multiple housing cooperatives with collective broadband and TV offers. NEAS Spot Fordel and Neas Basis Fordel (KBBL-avtale) are exclusive products for KBBL members with preferential pricing on electricity markups.
• Smøla kommuneminorStrategic or Co-development PartnerNEAS collaborated with Smøla municipality to install EV charging infrastructure at Veidholmen, including power grid upgrades (new transformer, 230V to 400V). The project demonstrates public-private cooperation to expand charging infrastructure in remote island communities.
• Elektronor SandblostminorImplementation/ SI/ Consulting PartnerElektronor Sandblost served as the local electrical contractor for the Veidholmen EV charging project, working with NEAS and Smøla municipality to build the charging infrastructure. The partnership exemplifies NEAS's use of local subcontractors for project execution.
• Oppdal NæringsforeningminorGTM or Marketing PartnerNEAS co-organizes breakfast meetings and events with Oppdal Næringsforening to engage local businesses, present fiber infrastructure investments, and build enterprise customer relationships.
• AlpincominorGTM or Marketing PartnerAlpinco is a key local partner in the Oppdal region developing year-round tourism destinations. NEAS collaborates with Alpinco on regional development initiatives including fiber infrastructure and sponsorships of events enabling film production (Trollegget) in the Oppdal region.
• OppdalsbankenminorGTM or Marketing PartnerOppdalsbanken collaborated with NEAS, Alpinco, and the municipality on the Trollegget film production project and other regional development initiatives in the Oppdal area.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Tibber: Norwegian digital electricity retailer focused on smart consumption, real-time pricing, and app-based customer experience. Competes in NEAS's electricity retail space with a differentiated smart-energy/app proposition that overlaps Neas Sanntid.
• Otovo: Norwegian residential solar and battery provider serving homeowners across Norway. Adjacent competitor for household energy customers and a potential channel partner given NEAS's Plusskunde solar product.

Direct peers

• Eviny (formerly BKK): Western Norway's largest regional energy group providing electricity, fiber broadband, EV charging, and district heating in Vestland. Operates a similarly diversified utility-and-connectivity model to NEAS, just at much larger scale.
• Agder Energi: Regional utility serving southern Norway (Agder) with electricity generation/retail, fiber broadband, and district heating. Similar multi-service utility footprint and integrated business model to NEAS.
• Skagerak Energi: Regional Norwegian energy and fiber utility serving Telemark and Vestfold with electricity retail, grid operations, and broadband (Skagerak Fiber). Comparable to NEAS in operating an integrated electricity + fiber offering within a defined Norwegian geography.
• Istad Kraft: Møre og Romsdal-based energy and fiber utility serving the same Nordmøre/Romsdal region as NEAS. The closest geographic direct peer, also offering electricity retail, fiber broadband, and EV charging to households and businesses.
• Lyse Energi: Norwegian regional multi-utility headquartered in Stavanger providing electricity, fiber broadband (Altibox), telecom, and digital services across Rogaland. Closely comparable business model to NEAS: integrated electricity retailer, regional fiber ISP, and TV/telecom reseller serving a defined Norwegian region.
• TrønderEnergi: Regional utility serving Trøndelag (where NEAS also has customers in Oppdal/Rennebu and Røros) with electricity production, retail, and fiber infrastructure. Direct overlap in geography and product mix.

Broad incumbents

• Telia Norge: Major Norwegian mobile and broadband operator and NEAS's primary TV/mobile wholesale partner. Competes in the same connectivity categories as NEAS at national scale and already owns electricity retailer Fjordkraft.
• Telenor: Norway's incumbent national telecom operator providing mobile, fiber broadband, and TV. Competes broadly with NEAS's telecom and broadband lines while operating at vastly larger national scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/neas-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 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 NEAS ASA