Hafslund
Hafslund is a Norwegian energy utility headquartered in Oslo that generates renewable hydroelectric power and develops large-scale hydropower infrastructure — including the Hemsil 3 plant — supplying electricity to Norway's national energy grid.
- Company typePrivate
- Founded1898
- HeadquartersOslo, Norway
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Hafslund does
Hafslund is a Norwegian energy company headquartered in Oslo, founded in 1898. Its stated business spans renewable power generation, district heating, district cooling, and carbon capture services for energy and infrastructure users. The detailed source evidence available focuses specifically on its hydroelectric utility operations, including active development of the Hemsil 3 hydroelectric power plant in Norway's Hallingdal region — a major greenfield hydropower project involving 20 km of tunnel construction and projected to add 100–110 GWh of annual renewable electricity production upon completion in 2029.
The company's underlying technology centers on large-scale hydroelectric power generation infrastructure: hydropower dams, turbines, and associated civil engineering works including tunnel construction and water management systems. Hafslund has also deployed zero-emission electric construction equipment — specifically Volvo A30 Electric articulated haul trucks operated by contractor LNS — marking what sources describe as a world-first use of electric haulers in tunnel construction environments. This positions Hafslund as an early adopter of electrified construction technology in sensitive or enclosed work sites.
On the commercial side, Hafslund operates a project-development and infrastructure-contracting model. Its primary customer is the Norwegian energy grid, to which it supplies wholesale renewable electricity from its hydropower assets. Revenue is generated from electricity generation and sale to the grid; the company also derives economic value from long-cycle infrastructure project execution. Pricing and revenue figures are not publicly disclosed. The firm employs 501–1,000 people and operates only in Norway, with the Hafslund Kraft brand name associated with its power operations.
Hafslund firmographics
Firmographics- Name
- Hafslund
- Legal name
- Hafslund
- Website
- https://hafslundnett.no
- Company type
- Private
- Founded year
- 1898
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Hafslund is a Norwegian energy utility headquartered in Oslo that generates renewable hydroelectric power and develops large-scale hydropower infrastructure — including the Hemsil 3 plant — supplying electricity to Norway's national energy grid.
- Ownership category
- akta.pro rank
Hafslund industry classification
Industry- Product category
- Renewable Energy Generation (Hydroelectric)
- NAICS
- Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Bulk Power Transmission and Control (221121)
- SIC
- Cogeneration Services & Small Power Producers (4991), Electric Services (4911), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE)
- akta.pro secondary industries
- Hydropower Modernization, Refurbishment & Uprates (Re-powering, Efficiency Upgrades) (EUAMADAF), Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage) (IMAFADAD), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
Keywords
Where Hafslund is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Hafslund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D
Revenue model
- Hydroelectric Power Generation and Distribution: Hafslund generates electricity through hydroelectric power plants and distributes it to the Norwegian energy grid. The company operates renewable energy facilities that produce electricity for sale to consumers and industrial customers.
Go-to-market motion1 record
Hafslund product offering
Product offeringCore offering
Hafslund generates renewable electricity through hydroelectric power plants and distributes it to the Norwegian national energy grid for utilities and industrial customers. The company is also developing major hydroelectric infrastructure projects such as the Hemsil 3 power plant in Norway's Hallingdal region, expected to deliver over 100 GWh annually upon completion in 2029, alongside providing district heating, district cooling, and carbon capture services to energy and infrastructure users.
Differentiator
Problem solved
Functional benefit
Products and services
- Hafslund Kraft (Hydroelectric Power Generation) Generation and supply of renewable hydroelectric electricity from Hafslund's hydropower plants to the Norwegian national grid and industrial energy users, operating under the Hafslund Kraft brand.
- Hemsil 3 Hydroelectric Power Plant A new large-scale hydroelectric power facility in Norway's Hallingdal region that will expand Hafslund's renewable electricity output by over 100 GWh annually upon completion, built with zero-emission electric haul truck tunnel construction.
- District Heating Services Provision of district heating to energy and infrastructure users, supplied via Hafslund's heating network operations as part of its broader utility service portfolio.
- District Cooling Services Provision of district cooling services to energy and infrastructure users as part of Hafslund's utility service offering.
- Carbon Capture Services Carbon capture services delivered to energy and infrastructure users as part of Hafslund's decarbonization service portfolio.
Quantifiable outcome
- 100-110 GWh annual renewable electricity production increase from Hemsil 3 project
- +2 more outcomes
Companies that use Hafslund
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Hafslund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Hafslund partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Volvo Construction EquipmentcoreVolvo CE delivered the first-ever A30 Electric articulated haul trucks to Norwegian contractor LNS for use at the Hafslund Hemsil 3 hydropower project. The zero-emission equipment is being used for tunnel construction, marking a world-first deployment of electric haulers in tunnel construction environments.
- Leonhard Nilsen & Sønner AS (LNS)coreLNS is the Norwegian contractor operating Volvo A30 Electric articulated haulers at the Hafslund Hemsil 3 hydroelectric power plant project. Seven units have been delivered for tunnel construction work at the Hallingdal region site.
Scale indicators4 records
Recent moves4 records
Expansion highlights3 records
Hafslund competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Hafslund social profiles
Digital presenceHafslund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hafslund leadership team
Management profileNumber of profiles
Hafslund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hafslund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hafslund
What does Hafslund do?
Hafslund generates renewable electricity through hydroelectric power plants and distributes it to the Norwegian national energy grid for utilities and industrial customers. The company is also developing major hydroelectric infrastructure projects such as the Hemsil 3 power plant in Norway's Hallingdal region, expected to deliver over 100 GWh annually upon completion in 2029, alongside providing district heating, district cooling, and carbon capture services to energy and infrastructure users.
When was Hafslund founded?
Hafslund was founded in 1898. It employs 501 to 1,000 people.
Where is Hafslund based?
Hafslund is headquartered in Oslo, Norway, in the Europe region.
How does Hafslund make money?
One revenue line is on record: hydroelectric Power Generation and Distribution.
Does Hafslund have an API?
No public API is recorded for Hafslund.
What industry is Hafslund in?
Hafslund's product category is Renewable Energy Generation (Hydroelectric). Its primary akta.pro industry code is EUACAEAE, Hydropower Plant Development & Permitting (Greenfield/Brownfield), with a secondary code of EUAMADAF, Hydropower Modernization, Refurbishment & Uprates (Re-powering, Efficiency Upgrades). Its NAICS code is 221111 and its SIC code is 4991.