News
Lyse and Forus Energi signs MoU with Aker Carbon Capture to Explore CCS Opportunities in Southwest Norway
Lyse and Forus Energigjenvinning (FE) har signed a Memorandum of Understanding (MoU) with Aker Carbon Capture to explore ways to support the development of a full-scale carbon capture and storage facility in the Stavanger/Sandnes region in southwestern Norway. The collaboration follows the recent launch of the “Longship” full-scale CCS project by the Norwegian government.
Hydro-Lyse hydropower transaction completed
Hydro and Lyse announced in October 2020 a plan to merge part of their respective hydropower production in southern Norway into a joint hydropower company. The transaction was completed on December 31.
Marine survey operations now underway
NO-UK Com AS and Altibox Carrier are pleased to announce that the marine survey for the NO-UK submarine fibre cable between Newcastle and Stavanger is now underway.
Installation contract awarded for Skagenfiber West
Altibox Carrier has awarded the subsea installation contract for the Skagenfiber West cable between Larvik and Hirtshals to the Norwegian company Cecon Contracting.
Construction launch of submarine fibre cable
Altibox Carrier and Xtera have started construction of a new repeater-based cable system between Norway and UK.
Lyse group builds european fibre ring cross the North Sea.
Through its wholly-owned subsidiary Altibox, the Lyse group will establish a European fibre ring that will strengthen Norway as a datacentre nation. Operator Altibox and its partners in a consortium will build a new 700 km fibre cable between Norway and the UK.
Lyse achieves half-year result of NOK 541 million
The Lyse group recorded a result of NOK 541 million during the first six months of 2019 compared with NOK 474 during the first half of last year.
Successful Start For Replication in Sabadell
Replication is one of the important benefits within the Horizon 2020-programme which Triangulum and Lyse is a part of. Last month this actually happened when Lyses video conference service to end users was tested in Sabadell.
Lyse with a net profit of NOK 1,1 billion in 2018
Lyse-group had in 2018 a profit after tax of NOK 1,1 billion. The underlying operating profit amounts to NOK 3,1 billion which is an improvement of NOK 1,2 billion compared to 2017. The results reflect a record-high hydropower production and solid operational performance in all business segments.
Financial information
Tangible fixed assets by business area
Figures in NOK millions
Hydropower production 4579GWh
Measured efficiency transfer93,5%
EBITDA telecom1449MNOK
Figures from 2019. For supplementary information see the official financial statements
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