Empowering 10 million households to embrace a fossil free future
Tibber at a glance
Tibber’s purpose is to empower ten million households to embrace a fossil free future. This is made possible through its app that provides consumers with real-time analytics on energy usage, and can be paired with a large variety of smart home devices. These devices empower customers to reduce energy consumption at home and to shift their consumption to cheaper hours when the electricity mix is more renewable, and the power grid is less constrained. Further, Tibber’s volume of controllable energy load has increased.
- Year acquired
- 2022
- Revenue
- EUR 65m
- Location
- Norway
- Employees
- 324
- Website
- https://tibber.com
- Investment theme
- Energy Transition
- Contact
- christian.melby@summaequity.com
- SDG alignemnt
7, 9, 13
What are the challenges Tibber addresses
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1.6TW
of EU renewable electricity projects in grid connection queues
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+22ppt
increase in share of EU renewable energy sources required to reach 2030 target
How does Tibber help?
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Reality today
Europe’s energy transition faces a critical challenge: misaligned energy consumption. Overloading grids and hindering renewable integration leads to blackouts, higher prices, and fossil fuel dependency. Smart, flexible energy use is essential to optimize existing resources and secure a sustainable future.
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Tibber approach
Tibber offers smart solutions and technology to provide full control of the consumer’s electricity consumption. This empowers users to optimize grid load by shifting their energy use to times when renewable sources are more available and energy prices are lower.
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Aspirational future
Smart technology seamlessly optimizes energy consumption for households, minimizing peak demand and overall usage. This intelligent efficiency, powered by abundant renewable energy, ensures a stable grid, strengthens energy security, and provides affordable, sustainable energy for every home.
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Who is impacted?
Customers across Europe directly benefit from solutions enabling more effective and flexible electricity consumption. This also supports a greener grid, reduces societal dependence on fossil fuels, and contributes to a more sustainable energy system.
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Contribution
Tibber pioneers solutions for sustainable electricity consumption and contributes to drive change in how electricity is consumed in the markets in which it operates.
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Risks to impact
Renewable energy deployment speed, grid limitations, consumer adoption rates, market regulations, and technological reliability are out of Tibber’s control and can affect grid optimization and availability of renewable sources .