Replaces your traditional power company

Tibber at a glance

Tibber replaces traditional utilities with a digital energy deal and technology for smarter consumption of energy. Tibber’s vision is to make sustainable energy consumption simple and affordable for all households, and their mission is to reduce the residential energy consumption for European households by 20 %. This is made possible through their app that provides consumers with real-time analytics into energy usage, and that can be paired with a large variety of smart home devices to reduce energy consumption at home.

Year acquired





EUR 41 m





Investment themes

Tech-Enabled Transformation

Key developments in 2022

Tibber has been rated the second most sustainable brand in Norway. The company has introduced product circularity with 100% of Tibber Pulse devices and conducted Life Cycle Assessment for additional Tibber hardware. Tibber was furthermore voted as Tech Company of the year during Tech Awards Sweden in March 2023.

The challenges we face

Global energy production is currently responsible for 87% of global greenhouse gas emissions, and decarbonizing it is a crucial step towards global net zero commitments. While electricity is only a part of the global energy mix, consuming clean electricity is ever more important as the other main emission drivers, namely transport and heating, are significantly harder to decarbonize. Thus, renewable electricity provision and electrification of the energy system are key pillars in de-carbonizing our economy. To efficiently electrify the energy system and manage increasing volatility in supply, we need to change the way we consume electricity. We need smart solutions and technology that give us full control of our electricity consumption and allows us to manage where and how much electricity is consumed to smoothen the grid load.


increase of coal-generated electricity in Europe in 2021


reduction in energy consumption needed to reach EU targets

How does Tibber help?

Reality today

GHG intensity of EU power generation is increasing due to continued use of fossil fuels as a source of energy.

Tibber approach

Tibber offers smart solutions and technology to provide full control of the consumer’s electricity consumption, allowing consumers to manage where and how much electricity is consumed, ultimately smoothing the grid load.

Aspirational future

Affordable and sustainable energy consumption for all European households.

Who is impacted?

~400k customers in Norway, Sweden, the Netherlands and Germany are impacted directly by access to more effective and sustainable electricity consumption.

What are the impact considerations?


Without Tibber, a significant amount of consumers would not have access to renewable energy, nor the tools available to reduce their energy consumption.


Given that Tibber is an electricity retailer, it cannot directly address the production of renewable energy and is relying on other parties for that. This brings a risk of Tibber not being able to deliver on its promise to provide its customers with clean energy.

SDG alignments

SDG 13