Nord-osterdal Kraftlag Sa

What Nord-osterdal Kraftlag Sa does

Nord-Østerdal Kraftlag SA (NØK) is a Norwegian cooperative (andelslag) founded in 1944 and headquartered in Tynset that owns and operates integrated energy and infrastructure assets across the Nord-Østerdal region. The company is built around three regulated/physical pillars: electricity distribution (via Klive AS, which holds an NVE area concession for the Nord-Østerdal grid), renewable power production (126 GWh of NØK's share of hydropower across NØK Andelsverk AS and Østerdalen Kraftproduksjon AS, plus the 5 MWp Måna solar plant in Alvdal and additional pipeline projects through NØK Fornybar AS and Innlandet Fornybar AS), and district heating (NØK Biovarme AS, running five biomass boiler plants fired by wood chips and pellets in Tynset, Tolga, and Vingelen). It extends this infrastructure stack with fiber broadband (Nord-Østerdal Fiber AS, reaching 95% coverage of its supply area), EV fast charging, and a small commercial real-estate management arm (NØK Eiendom AS, serving SIVA Fjellregionen Eiendom AS, in which it holds a 25% stake).

The cooperative serves roughly 4,000 member-owners who are also customers, alongside residential households, cabin owners, local SMBs, and industrial clients across nine municipalities including Tynset, Alvdal, Folldal, Os, Rendalen, Stor-Elvdal, and Tolga. Revenue mechanics are subscription/recurring across grid tariffs (NVE-regulated), heating subscriptions, and fiber subscriptions, supplemented by investment income via Storfossen AS (a majority-owned investment vehicle with TrønderEnergi). Electricity retail was spun out into Kraftriket AS in 2020, and content services on the fiber network are delivered through Eidsiva Digital, with Eidsiva Bredbånd as a downstream broadband customer of the physical fiber. Member value capture is direct: shareholders pay 500 NOK for 10 shares and receive annual purchase dividends tied to consumption volume (e.g., a customer using 20,000 kWh per year received approximately 2,000 NOK in dividends). The company distributes 20M NOK in dividends to members in 2023 (rising from 10M NOK the prior year) and 8M NOK in 2024, while consolidated profit reached 97M NOK in 2022.

The operating model reflects a hybrid of regulated monopoly cash flows (grid) and competitive renewables, governed by cooperative ownership rather than external shareholders. The 2019 corporate restructuring created legally separated subsidiaries for grid (NØK Nett AS, later rebranded Klive AS), power sales, and fiber to comply with Norwegian functional separation rules, while NØK Fornybar AS (2023) and Storfossen AS (2026) extend the platform into renewable development and cross-regional energy investment, signaling a deliberate broadening of the addressable market beyond the historical Nord-Østerdal concession area.

Name

Nord-osterdal Kraftlag Sa

Legal name

Nord-Østerdal Kraftlag SA

Website

https://nok.no

Company type

Private

Founded year

1944

Operating status

Operating

Short description

Nord-Østerdal Kraftlag SA is a Norwegian cooperative that owns and operates electricity distribution, hydropower, district heating, and fiber broadband infrastructure across nine municipalities in the Nord-Østerdal region, serving approximately 4,000 member-owners who are also customers.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111), Steam and Air-Conditioning Supply (221330)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

akta.pro secondary industries

Community Microgrids & Shared Distributed Generation (EUACALAC), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

Keywords

• Electricity distribution
• Renewable power generation
• District heating services
• Fiber broadband networks
• Energy cooperative

Headquarters

HQ city

Tynset

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Distribution (Network): Revenue from electricity distribution through Klive AS (previously NØK Nett AS). Regulated network business under NVE oversight.
2. Power Production: Revenue from hydropower, solar power, and potential wind power production through subsidiaries NØK Andelsverk AS, Østerdalen Kraftproduksjon AS, NØK Fornybar AS, and Innlandet Fornybar AS.
3. District Heating (Biovarme): Revenue from district heating services in Tynset, Tolga, and Vingelen through NØK Biovarme AS. Heat produced from wood chips and pellets.
4. Fiber Infrastructure: Revenue from fiber network infrastructure managed through Nord-Østerdal Fiber AS, with content services through Eidsiva Digital.
5. Real Estate Services: Revenue from property management through NØK Eiendom AS, primarily serving SIVA Fjellregionen Eiendom AS.
6. Investment Returns: Revenue from investment portfolio through NØK Invest/Storfossen AS, including ownership in Kraftriket, EnergiPluss, and other companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Nord-Østerdal Kraftlag SA (NØK) is a member-owned energy cooperative founded in 1944 and headquartered in Tynset, Norway. The company distributes electricity to residential and commercial customers across the Nord-Østerdal region, generates renewable power through hydroelectric and solar installations, supplies district heating, and operates a fiber broadband network. It also manages real estate through its subsidiary NØK Eiendom and oversees investment activities via Storfossen AS.

Product overview

Nord-Østerdal Kraftlag SA is an energy cooperative offering a comprehensive portfolio of energy and infrastructure services. The core offerings include electricity distribution through subsidiary Klive AS, hydroelectric power production (126 GWh NØK share), district heating from biomass, fiber/broadband infrastructure (95% coverage), solar power development via NØK Fornybar AS, and real estate management. The company also provides EV charging infrastructure, investment services through Storfossen AS, and solar panel installation partnerships. Electricity retail is offered through Kraftriket AS partnership. The cooperative structure allows member-owners to share in profits through dividend distributions.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution (Klive AS)
• Hydroelectric Power Production
• Solar Power (Måna AS / NØK Fornybar)
• District Heating (Biovarme AS)
• Fiber Broadband (K-Net)
• Real Estate Services (NØK Eiendom AS)
• Cooperative Membership Shares

Quantifiable outcome

• 400% return on share investment in one year for customers with 20,000 kWh annual consumption
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and major.

• TrønderEnergicoreStrategic or Co-development Partner · 20 January 2026Strategic partnership strengthened through establishment of Storfossen AS investment company. NØK is majority owner while TrønderEnergi brings industrial expertise. The company builds on existing NØK Invest operations and focuses on energy transition and infrastructure development in Innlandet and Trøndelag regions.
• Innlandet Fornybar AScoreStrategic or Co-development Partner · 25 August 2023Joint venture with Gudbrandsdal Energi Holding AS and AS Eidefoss to develop solar power in Innlandet county. NØK contributes through NØK Fornybar. The company consolidates solar power projects from all three partners and aims to take significant role in Norway's goal of 8 TWh solar power by 2030. Local ownership is maintained.
• Gudbrandsdal Energi Holding AScoreStrategic or Co-development PartnerCo-owner of Innlandet Fornybar AS joint venture for solar power development. Combines solar power initiatives from Gudbrandsdal region with NØK's Nord-Østerdal operations.
• AS EidefosscoreStrategic or Co-development PartnerCo-owner of Innlandet Fornybar AS joint venture for solar power development. Combines solar power initiatives from Innlandet county with NØK's operations.
• Eidsiva DigitalmajorTechnology or IntegrationCollaboration on fiber content services. NØK and Eidsiva Digital work together to build high-quality fiber networks for the future. Eidsiva provides content services while NØK builds and maintains the physical fiber infrastructure.
• Kraftriket ASmajorChannel Partner/ Reseller/ DistributorNØK's electricity sales business merged into Kraftriket AS, which is owned by multiple small and medium energy companies. Kraftriket handles power sales for NØK customers with local staff and presence. NØK maintains network ownership.
• EnergiPluss ASmajorStrategic or Co-development PartnerNØK Invest has ownership in EnergiPluss AS, which provides solar cell solutions and electrical installation services. The company achieved 20 MNOK revenue in 2021 with strong growth expected. Part of Østa Elektro group.
• SIVA Fjellregionen Eiendom ASmajorStrategic or Co-development PartnerNØK holds 25% ownership in SIVA Fjellregionen Eiendom AS, which owns 9 commercial properties in the region. NØK Energi Eiendom provides property management and caretaker services for these buildings.
• Eidsiva Bredbånd ASmajorChannel Partner/ Reseller/ DistributorNØK has ownership in Eidsiva Bredbånd AS. Eidsiva Broadband delivers broadband services to residential and business markets, renting fiber network from Nord-Østerdal Fiber AS.
• Kraftverkene i Orkla DA (KVO)coreStrategic or Co-development PartnerJoint venture for hydropower production in Orkla river system. NØK Andelsverk AS holds 4.4% ownership, equivalent to 55 GWh production. Other owners include Trondheim Energi Kraft (48.6%), TrønderEnergi Kraft (35%), and Eidsiva Vannkraft (12%). TrønderEnergi Kraft is operator.
• Østerdalen Kraftproduksjon AScoreStrategic or Co-development PartnerJoint venture owned by Elverum Energi (67%) and NØK (33%). Owns hydropower plants at Skjefstadfoss (new and old) in Elverum, Einunna in Folldal, and Sølna in Alvdal with combined annual production of 216 GWh. NØK's share is 71 GWh.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Eviny (formerly BKK): Large western Norwegian energy group with hydropower, grid, district heating, telecom, and EV charging. Comparable multi-line utility-plus-connectivity stack with regional monopoly characteristics.
• Lyse Energi: Large Norwegian regional energy company based in Stavanger with power production, grid, telecom (Altibox), and district heating. Comparable multi-line utility-plus-connectivity model at significantly larger scale.
• Hafslund Eco: Norway's largest district heating and grid operator. Comparable primarily through the district heating (Biovarme) line and large-scale grid operations, but far larger and operates nationally.
• Agder Energi: Major southern Norwegian utility with hydropower, grid, district heating, and telecom services. Comparable diversified regional energy model, though at substantially larger scale.

Direct peers

• TrønderEnergi: Norwegian regional energy group operating hydropower, wind, and district heating across Trøndelag. Directly comparable as NØK's strategic partner in Storfossen AS and operator of Kraftverkene i Orkla DA — same multi-technology utility model at larger regional scale.
• AS Eidefoss: Innlandet-based energy company and JV partner with NØK in Innlandet Fornybar AS. Comparable regional utility profile with multi-line energy services in overlapping Innlandet territory.
• Elverum Energi: Norwegian municipal utility holding 67% of Østerdalen Kraftproduksjon AS (NØK's hydropower JV). Comparable as a regional utility with hydropower, grid, and district heating in eastern Norway.
• Eidsiva Energi: Major Innlandet-based energy group providing grid, power production, fiber, and district heating. Direct peer as NØK's fiber content partner via Eidsiva Digital and co-owner of Eidsiva Bredbånd; overlapping service portfolio across Innlandet county.
• Gudbrandsdal Energi Holding AS: Innlandet-based regional utility and JV partner with NØK in Innlandet Fornybar AS for solar development. Comparable as a cooperative/regional utility pursuing renewable expansion in the same geographic region.

Regional players

• Skagerak Energi: Norwegian regional energy company with hydropower, grid, and telecom services. Comparable business model as a diversified regional utility with infrastructure-adjacent businesses, though operating in a different region (Telemark/Vestfold).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/nordosterdalkraftlagsa

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 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 Nord-osterdal Kraftlag Sa