Skagerak Energi is a Norwegian

utility company A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and r ...

. The company's main focus is production and distribution of

electrical power Electric power is the rate of transfer of electrical energy within a electric circuit, circuit. Its SI unit is the watt, the general unit of power (physics), power, defined as one joule per second. Standard prefixes apply to watts as with oth ...

and other energy, in addition to business areas related to this. The group has about 600 employees, and an annual power production of 5 TWh, about 176,000 grid customers, and an annual revenue of

NOK Nok is a village in Jaba, Nigeria, Jaba Local Government Area of Kaduna State, Nigeria. The village is an archeological site. Archaeology The discovery of terracotta figurines at this location caused its name to be used for the Nok culture, ...

2 billion. Skagerak does not sell electricity to

end-user In product development, an end user (sometimes end-user) is a person who ultimately uses or is intended to ultimately use a product. The end user stands in contrast to users who support or maintain the product, such as sysops, system administrato ...

s, but is a co-owner in the end-user power company Fjordkraft. Skagerak Energi is a part of Statkraft Group, and is owned 66.62% by Statkraft Regional Holding, and 33.38% by the towns in the

Grenland Grenland is a traditional district in Telemark county, in the south-east of Norway. "Grenland" has referred to varying locations throughout history. In modern times, Grenland refers to the areas of the municipalities of Skien, Porsgrunn, Bamble, ...

region in Norway. It operates 17 wholly owned and 28 partially hydroelectric power plants. Skagerak Energi is a major sponsor of the first-division Norwegian football team Odd Grenland.

History

The company was founded on 1 January 2001 as a

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

between Skiensfjordens kommunale kraftselskap (SKK) and Vestfold Kraft. The latter had been purchasing all the power grid companies throughout

Vestfold Vestfold () is a county and a current electoral district in Norway. Located on the western shore of the Oslofjord, it borders Buskerud and Telemark counties. The county administration is located in Tønsberg, Norway's oldest city, and the larg ...

in 1999 and 2000 while had bought Telekraft in 1999. Statkraft bought 34% of both companies in 2000 and later all but the municipalities in Grenland have sold their ownership in Skagerak to Statkraft.

References

{{Authority control Electric power companies of Norway Companies based in Porsgrunn Energy companies established in 2001 Statkraft