Enery
Enery is a Vienna-based independent renewable energy producer that develops, finances, and operates utility-scale solar and battery storage projects across 11 Central and Eastern European countries, supplying long-term green PPAs to industrial off-takers, utilities, and energy traders.
- Company typePrivate
- Founded2020
- HeadquartersVienna, Austria
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Enery does
Enery Development GmbH is a Vienna-headquartered independent power producer that develops, constructs, finances, and operates utility-scale solar photovoltaic parks and battery energy storage systems across Central and Eastern Europe, with current operations in 11 countries (Austria, Romania, Bulgaria, Czechia, Slovakia, Slovenia, Poland, Estonia, Latvia, Lithuania) and a development pipeline of 8-10 GW. The company sells the resulting electricity primarily through long-term Corporate Green Power Purchase Agreements (PPAs) of 10-20 year tenors to energy-intensive industrial customers (Lenzing AG, Teva Pharmaceuticals, Nokian Tyres) and utilities (Energie Steiermark), while also operating Virtual PPAs with energy traders (Vitol) and joint-venturing large projects with strategic anchors such as OMV Petrom for the Gabare 400 MW solar-plus-storage project in Bulgaria. Its operating base is approximately 566 MW with 213 MW under construction, producing 766 GWh annually for over 265,000 households and avoiding 625,069 tonnes of CO2 per year, anchored by flagship hybrid installations including the 761 MWp solar plus 1 GWh BESS Ogrezeni project in Romania and the 150 MW / 600 MWh Nova Zagora BESS in Bulgaria.
The technology stack combines third-party tier-1 hardware — Sungrow PowerTitan 2.0 liquid-cooled battery storage, LONGi Hi-MO 9 modules with HPBC 2.0 architecture, single-axis tracking — with Enery's own Portfolio Optimization (EPO) service that uses an AI-based trading algorithm for multi-market dispatch across day-ahead, intraday, and balancing markets (FCR/aFRR/mFRR). The company's go-to-market is direct enterprise sales for PPAs, supported by co-development partnerships, JVs with major energy companies, and an emerging channel partnership with telecommunications operator A1 for battery storage optimization in Austria. Project financing is the principal capital mechanism, with more than €710 million in non-recourse project debt closed across the Ogrezeni and CEE portfolio facilities in early 2026 alone, alongside an M&A history of portfolio acquisitions (Energy 21 Czech Republic 2021, Slovak EIP portfolio 2025) and a founding co-shareholder structure that includes RP Global and the Three Seas Initiative Investment Fund (3SIIF).
Enery firmographics
Firmographics- Name
- Enery
- Legal name
- Enery Development GmbH
- Website
- https://enery.energy
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Enery is a Vienna-based independent renewable energy producer that develops, finances, and operates utility-scale solar and battery storage projects across 11 Central and Eastern European countries, supplying long-term green PPAs to industrial off-takers, utilities, and energy traders.
- Ownership category
- akta.pro rank
Enery industry classification
Industry- Product category
- Independent Power Production (Renewable Energy)
- akta.pro primary industry
- Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)
- akta.pro secondary industry
- BESS O&M and Lifecycle Services (Warranty, Spares, Monitoring) (EUAEAEAM)
Keywords
Where Enery is headquartered
LocationHeadquarters
- HQ city
- Vienna
- HQ country
- Austria
- HQ region
- Europe
Offices11 records
Markets served
Enery business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Corporate Green PPAs: Long-term Power Purchase Agreements with industrial companies and utilities for supply of renewable electricity, typically 10-20 year contracts providing stable revenue streams.
- Project Development and Asset Ownership: Development, construction and operation of renewable energy projects (solar PV, wind, battery storage) generating revenue through electricity sales and capacity payments.
- Battery Storage Optimization Services: Portfolio optimization and market optimization services for battery energy storage systems, managing multi-market participation including day-ahead, intraday, and balancing markets (FCR, aFRR, mFRR).
- Virtual Power Purchase Agreements: Arrangements where Enery operates battery storage under VPPA structures with energy traders like Vitol.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Enery product offering
Product offeringCore offering
Enery is an independent power producer that develops, builds, owns and operates utility-scale solar photovoltaic (PV) power plants and battery energy storage systems (BESS) across Central and Eastern Europe, selling the generated electricity to industrial companies, utilities and governments through long-term Corporate Green Power Purchase Agreements (PPAs) typically spanning 10-20 years. The company also operates an AI-based Portfolio Optimization (EPO) service that maximizes revenue for BESS assets across day-ahead, intraday, and balancing (FCR/aFRR/mFRR) markets.
Product overview
Enery is an independent power producer (IPP) focused on acquiring, developing, constructing, and operating renewable energy assets across Central and Eastern Europe. The company operates a diversified portfolio including solar PV parks (such as the Ogrezeni hybrid project, Titu Solar Park, and Gabare project), battery energy storage systems (including the Nova Zagora BESS), and provides services including Power Purchase Agreements (PPAs), Portfolio Optimization through AI-based trading models, and Industry Partnership programs. Enery currently operates projects in Romania, Bulgaria, Austria, Czech Republic, Slovakia, Slovenia, Estonia, Latvia, Lithuania, and Poland, with a development pipeline of nearly 10 GW.
Differentiator
Problem solved
Functional benefit
Products and services
- Corporate Green Power Purchase Agreement (PPA) Long-term (typically 10-20 year) Power Purchase Agreements supplying renewable electricity from Enery's solar PV and BESS plants to industrial off-takers, utilities and governments, providing stable pricing for buyers and recurring revenue for Enery. Examples include a 20-year PPA with Lenzing AG (6 GWh/yr from a 5.5 MW solar park in Austria), a 15-year VPPA with Teva Pharmaceuticals (~200 GWh/yr from Knizhovnik, Bulgaria), and a 10-year PPA with OMV Petrom within the Gabare JV.
- Portfolio Optimization (EPO) - Battery Storage Market Optimization Service AI-based market optimization service for renewable generation and battery storage assets, enabling multi-market participation including day-ahead trading, intraday trading, and balancing energy capacity markets (FCR, aFRR, mFRR). Operated in partnership with A1 in Austria and manages over 2.2 GWh of third-party storage capacities, expected to reach 3 GWh by end of 2026.
- Industry Partnership Program Co-development program for organizations seeking to build their own renewable energy systems (e.g., on-site solar), supporting customers in reaching energy, financial and sustainability goals while reducing operating costs and meeting ESG requirements.
- Ogrezeni Hybrid Solar-Plus-Storage Project Hybrid renewable energy project in Giurgiu County, Romania combining 761 MWp photovoltaic generation with over 1 GWh of battery energy storage, supported by €460 million in syndicated green project financing. One of Europe's largest hybrid renewable installations, expected to power approximately 684,000 households annually. Main EPC contractor is ENEVO Group; construction began January 2026 with scheduled 2027 energization.
- Nova Zagora Battery Energy Storage System 150 MW / 600 MWh battery energy storage system in Nova Zagora, Bulgaria, one of the largest in Southeast Europe, using Sungrow's PowerTitan 2.0 liquid-cooled ESS technology. Commissioned by Sungrow and EPC partner Sunotec under Enery's ownership, financed partly through Bulgaria's RESTORE program.
- Titu Solar Park 54 MW solar power plant in Dambovita County, Romania featuring over 88,000 solar modules with single-axis tracking technology and producing approximately 80 GWh of renewable electricity annually. Inaugurated as Enery's first fully developed, built and operated solar power plant in Romania; supplies electricity used by Nokian Tyres among others.
- Gabare Solar Project 400 MW photovoltaic project in northwestern Bulgaria developed through a 50:50 joint venture with OMV Petrom, including potential battery storage integration up to 600 MWh. OMV Petrom has signed a 10-year PPA for 50% of the output; expected investment of approximately €200 million, FID targeted for end of 2025 and commercial operation in 2027.
Quantifiable outcome
- 766 GWh clean electricity produced annually, enough for over 1 million households
- +4 more outcomes
Companies that use Enery
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Enery technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
Enery partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, minor and flagship.
- LONGicoreTechnology supplier for 534 MW solar project in Romania, providing Hi-MO 9 back-contact modules with up to 24.8% efficiency using HPBC 2.0 architecture.
- A1coreStrategic partnership for market-optimized operation of battery storage systems in Austria. A1 provides technical connection, asset bundling, and balancing market access; Enery provides commercial optimization via AI-based trading algorithms.
- VitolcoreSwiss-Dutch energy trader operating virtual power purchase agreement with Enery's 150 MW battery in Nova Zagora, Bulgaria. Enables market optimization and revenue diversification.
- ENEVO GroupcoreMain EPC contractor for Ogrezeni hybrid project (761 MW solar, 1 GWh BESS) in Giurgiu County, Romania. Construction began January 2026, scheduled for 2027 energization.
- Schneider ElectricminorAdvised Teva Pharmaceuticals on 15-year VPPA with Enery for Knizhovnik solar-plus-storage project in Bulgaria. Schneider supported Teva's renewable energy procurement strategy.
- OMV Petromflagship50:50 joint venture for 400 MW solar project with up to 600 MWh BESS in Gabare, Bulgaria. OMV Petrom signs 10-year PPA for 50% of output. Investment of approximately €200 million expected FID end 2025, commercial operation 2027.
- SungrowcoreTechnology provider for battery energy storage systems using PowerTitan 2.0 liquid-cooled ESS technology. Partnership includes up to 800 MWh storage capacity targeting, with 3 GWh expected by end 2026.
- SunoteccoreEPC partner for battery storage projects in Bulgaria, commissioning 150 MW/600 MWh BESS in Nova Zagora. First milestone under broader storage collaboration targeting up to 800 MWh.
- Energie SteiermarkcorePartnership for PV park development in Austria, including 5.5 MW project in Frauental for Lenzing AG. Energie Steiermark and Enery cooperating on green energy projects for Austrian industry.
- RP GlobalcoreCo-founder of Enery alongside Richard König and Lukas Nemec. RP Global brings extensive experience in renewable energy project development across CEE.
Scale indicators14 records
Recent moves8 records
Expansion highlights6 records
Enery competitors and assessment
Company assessmentDirect peers
- European Energy: Danish renewable energy developer with significant operations across CEE and Southern Europe developing solar, wind and e-fuels. Comparable to Enery as a project developer/owner in CEE markets pursuing large-scale solar-plus-storage builds.
- PNE AG: German-listed wind and solar project developer expanding into battery storage and hydrogen across Europe. Comparable to Enery as a European mid-cap renewable developer with project pipeline scale measured in gigawatts.
- Encavis: Hamburg-based solar and wind IPP (acquired by KKR) operating a multi-gigawatt portfolio across Europe. Comparable to Enery as a pure-play renewables yieldco generating contracted cash flows from solar and wind assets.
- Sonnedix: Privately held global solar independent power producer with a multi-gigawatt operating portfolio across Europe, the Americas and APAC. Directly comparable to Enery as a pure-play solar IPP pursuing long-term PPAs with industrial off-takers.
- BayWa r.e. Munich-based renewable energy project developer, EPC and IPP active across Europe with solar, wind and storage projects. Comparable to Enery's end-to-end project development, construction and operation model with pan-European footprint.
Broad incumbents
- RWE AG: German incumbent utility with a large European renewables portfolio and offshore wind development. Comparable to Enery as a renewable energy owner/operator in European markets but operating at significantly greater scale and with broader portfolio.
- EDP Renováveis (EDPR): Lisbon-headquartered global renewable IPP and one of the largest wind/solar operators worldwide. Comparable to Enery's IPP model but operating at multi-GW scale across multiple geographies including Europe.
- ČEZ Group: Czech incumbent energy group with significant renewable generation across CEE, including Czechia, Romania and other Enery markets. Comparable as a regional renewable operator but with broader nuclear and conventional generation portfolio.
Regional players
- PPC Renewables: Renewable energy arm of Greek public power corporation with operating assets in Southeast Europe and the Balkans. Comparable to Enery's Bulgarian and Romanian operations but primarily serving Greek and SE European markets.
- Energetický a průmyslový holding (EPH): Czech privately held energy group with significant conventional and renewable assets across CEE. Comparable as a CEE-focused energy operator with renewable generation but operating a much broader portfolio than Enery's pure-play focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Enery social profiles
Digital presenceEnery financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enery leadership team
Management profileNumber of profiles
Profiles8 records
Enery subsidiaries and ownership
Company hierarchySubsidiaries3 records
Enery funding detail
Funding detailFunding overview
Funding rounds4 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enery M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enery
What does Enery do?
Enery is an independent power producer that develops, builds, owns and operates utility-scale solar photovoltaic (PV) power plants and battery energy storage systems (BESS) across Central and Eastern Europe, selling the generated electricity to industrial companies, utilities and governments through long-term Corporate Green Power Purchase Agreements (PPAs) typically spanning 10-20 years. The company also operates an AI-based Portfolio Optimization (EPO) service that maximizes revenue for BESS assets across day-ahead, intraday, and balancing (FCR/aFRR/mFRR) markets.
Is Enery a public or private company?
Enery is a private company. It is classified as venture growth investor backed and is currently operating.
When was Enery founded?
Enery was founded in 2020. It employs 251 to 500 people.
Where is Enery based?
Enery is headquartered in Vienna, Austria, in the Europe region.
How does Enery make money?
Four revenue lines are on record. Corporate Green PPAs are the primary driver. The others are project Development and Asset Ownership, battery Storage Optimization Services and virtual Power Purchase Agreements.
Who are Enery's main competitors?
Direct peers on record are European Energy, PNE AG, Encavis, Sonnedix and BayWa r.e.. Broad incumbents are RWE AG, EDP Renováveis (EDPR) and ČEZ Group. Regional players are PPC Renewables and Energetický a průmyslový holding (EPH).
Does Enery have an API?
No public API is recorded for Enery.
What industry is Enery in?
Enery's product category is Independent Power Production (Renewable Energy). Its primary akta.pro industry code is EUAEAMAB, Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal), with a secondary code of EUAEAEAM, BESS O&M and Lifecycle Services (Warranty, Spares, Monitoring).