NUG
Relief map of Scandinavia with Sweden highlighted, above a calm Nordic lake landscape

Nordic Utility Group

Building the Nordic utility platform of tomorrow.

A Nordic platform for local energy companies. Our core market is Sweden.

We partner with local utilities and municipalities to build stronger businesses, invest for the long term and keep local ownership at the heart of essential infrastructure.

Our visionPartner with us

We invest in critical infrastructuretogether with local municipalities

  • Electricity Networks

    Building and modernising resilient distribution grids.

  • District Heating

    Reliable, efficient heat for local communities.

  • Fiber Networks

    Essential digital infrastructure for connected communities.

  • Energy Solutions

    Supporting the transition and resilience of local energy systems.

  • Local Partnerships

    Building long-term partnerships around local utility businesses.

A small Nordic town at dusk in winter, with warm lights in the windows and street lighting along a quiet snow-covered street

Why it matters

Energy systems are changing, and the required capabilities are more efficiently built in partnership than alone.

Electrification, new generation capacity, digitalisation and climate adaptation are placing substantial new demands on local infrastructure. Meeting them requires long-term capital, specialist capabilities and sustained commitment — resources that a partnership between local owners and an industrial platform is well positioned to provide.

Public partnership

Local strength. Shared ownership.

Local utility companies perform best when local ownership, local knowledge and long-term commitment remain at the centre of the business.

NUG intends to partner with municipalities and public owners in structures that allow them to retain meaningful ownership and influence, while giving the utility access to additional capital, expertise and resources.

The municipality contributes local presence, public mandate and detailed knowledge of the community. NUG contributes long-term capital, specialist capabilities and the capacity to support the business through its next phase of development.

Local public partner

  • Local presence and community connection
  • Public mandate and long-term responsibility
  • Meaningful retained ownership and influence
  • Knowledge of the local market and stakeholders

NUG contributes

  • Long-term capital for expansion and reinvestment
  • Specialist capabilities across regulation, procurement and legal matters
  • Strategic and operational support, including operational excellence and business development
  • Broader utility expertise, benchmarking and best practices
  • Sustainable value creation and capacity for long-term distributions to the municipality

Greater scale without loss of local ownership.

NUG's partnership model enables municipalities to remain meaningful owners while gaining access to greater scale, investment capacity and industrial capabilities.

Explore

A platform in formation.