GEOTHERMAL ENERGY NORDIC AS

Operating

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Tilby energiløsninger for fornybar energi for forskjellige formål, herunder utvikling og kommersialisering av teknologi og produkter i tilknytning til dette, samt investering i andre selskaper og verdipapirer i samme eller tilknyttet bransje.

Tilby energiløsninger for fornybar energi, herunder utvikling og kommersialisering av teknologi og produkter tilknyttet dette. Deltakelse i andre selskaper og investering i verdipapirer.

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: TE
Thor Erik Musæus1960
Chairman of the board: BI
Bjørn Inge Tønnessen1960
Years since formation: 7 years; since Aug 22, 2019
Type: Limited company
VAT registered: Yes
Number of employees: 5

Ownership

Number of shares and share classes: 104,442; 1 share class
Total number of shareholders: 8; 3 companies, 5 persons

Financials

Total operating income 2024: 24,561,000; NOK
Annual total result 2024: -13,979,000; NOK
Total equity 2024: 3,790,000; NOK

Last update: Feb 21, 2026

Locations

Company address
Lilleakerveien 2C 0283 OSLO, Norge
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Postal address
c/o Bjørn Ståle Tennfjord Arnulf Øverlands vei 123 0763 OSLO, Norge
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Management

Management / administration

Name	Role	Shares
TE Thor Erik Musæus 1960	Managing Director/CEO	4.32 % indirectly

Board

Name	Role	Shares
PJ Pål Jarness 1964	Board Member	-
TV Tom Victor Nysted 1952	Board Member	-
BI Bjørn Inge Tønnessen 1960	Chairman	3.17 % indirectly

Others

Name	Role	Shares
T TELL NORGE AS	Auditor	-
E ECONPARTNER AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
BS Bjørn Ståle Tennfjord 1959	-	7.19 % directly
SB Sjur Bjarte Talstad 1962	-	7.17 % directly
TE Thor Erik Musæus 1960	Managing Director/CEO	4.32 % indirectly
BI Bjørn Inge Tønnessen 1960	Chairman	3.17 % indirectly
TT Thilo Theloy 1980	-	2.16 % directly
SM Simen Musæus 1988	-	1.33 % indirectly
MM Marie Musæus 1993	-	1.33 % indirectly
AM Astrid Musæus 1991	-	1.33 % indirectly

Last update: Feb 21, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
CG Cx Geothermal Ltd	Ordinary shares	65,275	62.5 %
A AMI AS	Ordinary shares	8,667	8.3 %
BS Bjørn Ståle Tennfjord 1959	Ordinary shares	7,511	7.19 %
SB Sjur Bjarte Talstad 1962	Ordinary shares	7,484	7.17 %
I& Interim & Ideas 21 Ab	Ordinary shares	5,908	5.66 %
G GEOTHERMAL ENERGY NORDIC AS	Ordinary shares	4,028	3.86 %
R RAMBERA INVEST AS	Ordinary shares	3,313	3.17 %
TT Thilo Theloy 1980	Ordinary shares	2,256	2.16 %

Shares owned by the GEOTHERMAL ENERGY NORDIC AS

Name	Share class	Total number of shares	Share
G GEOTHERMAL ENERGY NORDIC AS	Ordinary shares	4,028	3.86 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	24,561,000	8,724,000	3,182,000	2,391,000
Annual Total Result	-13,979,000	-11,554,000	-10,368,000	-6,131,000
Total assets	20,816,000	25,105,000	12,376,000	22,312,000
Total liabilities	17,026,000	7,335,000	2,052,000	1,620,000
Total equity	3,790,000	17,769,000	10,324,000	20,692,000

P&L

Year	2024	2023	2022	2021
Total operating income	24,561,000	8,724,000	3,182,000	2,391,000
Total operating costs	35,206,000	20,444,000	13,702,000	8,531,000
Operating result	-10,645,000	-11,720,000	-10,520,000	-6,140,000
Financial income/costs	-3,334,000	166,000	152,000	9,000
Profit before tax	-13,979,000	-11,554,000	-10,368,000	-6,131,000
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-13,979,000	-11,554,000	-10,368,000	-6,131,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	75,000	5,797,000	120,000	157,000
Total current assets	20,741,000	19,307,000	12,256,000	22,155,000
Total assets	20,816,000	25,105,000	12,376,000	22,312,000
Short term debt	17,026,000	7,335,000	2,052,000	1,620,000
Long term debt	0	0	0	0
Total liabilities	17,026,000	7,335,000	2,052,000	1,620,000
Contributed capital	3,790,000	17,769,000	10,324,000	26,838,000
Retained earnings	0	0	0	-6,146,000
Total equity	3,790,000	17,769,000	10,324,000	20,692,000
Total equity and liabilities	20,816,000	25,105,000	12,376,000	22,312,000

Classification

21st company classification

BETA

Scaleup

GEOTHERMAL ENERGY NORDIC AS923 240 748