Fredrikstad Energi Explained

Fredrikstad Energi AS
Type:Private
Founder:City of Fredrikstad
Location:Fredrikstad, Norway
Key People:Eilert Henriksen (CEO)
Svein Johnny Høiden (Chairman)
Area Served:Fredrikstad
Industry:Power
Revenue: NOK 920 million (2006)
Operating Income:NOK 97 million (2006)
Net Income:NOK 8 million (2006)
Num Employees:129 (2019)
Parent:City of Fredrikstad (51%)
Fortum (49%)
Homepage:www.feas.no

Fredrikstad Energi, branded as FEAS is a Norwegian power company that operates in Fredrikstad and Hvaler. The company is owned by the Municipality of Fredrikstad (51%) and Fortum (49%).

The company has bought a number of privatized power grid operators and power distribution companies in Norway, including Energi 1, Røyken Energiverk and Askøy Energi, as well as the now integrated Hvaler kommunale elverk. FEAS also is the largest owner of the Norwegian football premiership team Fredrikstad F.K. with 24% ownership.