Neoenergia

What Neoenergia does

Neoenergia S.A. is a Brazilian integrated electricity utility operating across generation, transmission, distribution, and commercialization. It is approximately 98% owned by Spain's Iberdrola and is being taken private via an ongoing OPA tender offer (B3: NEOE3, OTC: NRGIY). The company serves more than 17 million end-customers and reaches roughly 45 million people across five ANEEL-granted distribution concessions: Neoenergia Coelba (Bahia), Neoenergia Cosern (Rio Grande do Norte), Neoenergia Elektro (São Paulo and Mato Grosso do Sul), Neoenergia Pernambuco (concession extended to 2060), and Neoenergia Bras\u00edlia (Federal District). Neoenergia additionally operates Neoenergia Transmiss\u00e3o and Neoenergia Comercializadora, and holds generation assets in solar, wind, and hydro (715.5 MW of renewables financed via a 2022 EIB facility). Total assets stand at approximately R$120 billion (~€20.4 billion), with a regulatory asset base (BRR) of R$45.6 billion as of Q1 2026.

The technology stack combines smart-grid infrastructure, renewable generation, and IoT-enabled grid management. Elektro's self-healing network equipment automatically isolates faults and restores power to roughly 2 million customers without field intervention; connectivity is delivered across private LTE, public LTE, and satellite (NTN-IoT). Flagship demonstration projects include the Noronha Verde 22 MWp floating/ground-mount solar plus 49 MWh battery storage hybrid in Fernando de Noronha (R$350M investment, full commissioning by end of 2026) and the first floating PV plant on Xaréu reservoir (622 kWp, 1,083 MWh/yr). Green hydrogen, electric mobility (Eletropostos charging network and Frota Eletrificada fleet service), and digital metering round out the technical portfolio.

Revenue is primarily generated via regulated distribution tariffs (reviewed by ANEEL and supported by Tarifa Social for low-income customers), complemented by B2B commercialization through the Mercado Livre de Energia portal, renewable energy certificates, and long-term PPAs. Neoenergia Transmiss\u00e3o contributes roughly R$1 billion of Permitted Annual Revenue annually. Generation revenue is being actively rotated (e.g., 75% divestment of Dardanelos hydro to EDF Brasil for R$2.2B). The go-to-market is a hybrid of regulated B2C field-service operations (five subsidiaries, customer service centers, apps, WhatsApp) and enterprise B2B sales through dedicated account managers and the free-market portal.

Name

Neoenergia

Legal name

Neoenergia

Website

https://neoenergia.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Neoenergia is a Brazilian integrated electricity utility and Iberdrola subsidiary operating regulated distribution, generation, transmission, and commercialization, serving 17 million customers across five states and ~45 million people with smart-grid infrastructure, renewable generation, and free-market energy services.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

DERMS & Microgrid Control Software (EMS/SCADA/DERMS) (EUAMAJAG)

akta.pro secondary industries

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), EV Charging as DER (Managed Charging, V2G/V2B) (EUAMAJAL), Campus/Institutional Microgrids (Universities, Hospitals, Military) (EUACALAD)

Keywords

• Electricity distribution services
• Power generation utilities
• Renewable energy infrastructure
• Smart grid technology
• Electricity commercialization services

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Electricity Distribution: Core regulated revenue stream from electricity distribution through five subsidiaries (Coelba, Cosern, Elektro, Pernambuco, Brasília). Revenue driven by tariff reviews, distribution market growth, and expansion of the regulated asset base. The Base de Remuneração Regulatória (BRR) reached R$45.6 billion.
2. Power Generation: Revenue from owned generation assets including solar, wind, and hydroelectric plants. Includes sale of generation assets as part of asset rotation strategy (e.g., Dardanelos hydroelectric sale to EDF Brasil).
3. Electricity Transmission: Transmission operations generating approximately R$1 billion annually in RAP (Permitted Annual Revenue). Neoenergia Transmissao is one of Brazil's largest electricity transmission companies managing substantial transmission line networks.
4. Energy Commercialization: Commercialization of electricity to free energy market customers, offering solutions for Mercado Livre de Energia. Provides energy management services, renewable energy certificates, and long-term PPA contracts for commercial and industrial clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Neoenergia is a regulated Brazilian electricity utility that delivers power generation (solar, wind, hydro), transmission, and distribution services through five ANEEL-granted concession areas serving approximately 17 million customers across Bahia, Rio Grande do Norte, São Paulo/MS, Pernambuco, and the Federal District. The company also commercializes electricity to free-market (Mercado Livre) commercial and industrial clients and offers ancillary solutions such as green hydrogen pilots, renewable energy certificates, long-term PPAs, EV charging infrastructure, and energy management services. As the Brazilian subsidiary of Spain's Iberdrola, Neoenergia operates Brazil's largest electricity distribution group and is investing approximately R$50 billion through 2030 to modernize grids and expand renewable capacity.

Product overview

Neoenergia is a Brazilian electricity utility operating across generation, transmission, distribution, and commercialization segments. The company offers a comprehensive portfolio through its five distribution subsidiaries (Neoenergia Coelba in Bahia, Neoenergia Pernambuco, Neoenergia Elektro in São Paulo/Mato Grosso do Sul, Neoenergia Cosern in Rio Grande do Norte, and Neoenergia Brasília) and commercial services. Core offerings include the Mercado Livre de Energia for the free energy market, Soluções Verdes for sustainability, and Hidrogênio Verde for green hydrogen. Strategic projects include the Noronha Verde solar-storage initiative and smart grid infrastructure with automated fault management. The company also provides consumer services including credit facilities, insurance partnerships, and EV charging infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Noronha Verde: Solar-storage project in Fernando de Noronha archipelago aimed at decarbonizing the island's electricity generation, with 22 MWp capacity and 49 MWh battery storage
• Programa Mais por Noronha
• Instituto Neoenergia
• Escola de Eletricistas

Products and services

• Mercado Livre de Energia (Free Energy Market) Free energy market service enabling Brazilian commercial and industrial clients to contract electricity supply directly in the liberalized energy market (Mercado Livre), with Neoenergia Commercializadora serving as the qualified supplier partner offering energy management services, renewable energy certificates, and long-term PPA contracts.
• Soluções Verdes (Green Solutions) Portfolio of green solutions for businesses supporting energy transition and carbon-neutrality goals, including sustainability consulting, renewable energy integration, and emissions reduction strategies tailored to commercial and industrial clients across multiple sectors.
• Hidrogênio Verde (Green Hydrogen) Green hydrogen solutions including pilot projects in Brazil focused on producing green hydrogen for downstream applications such as green ammonia, green steel, and green methanol — designed to support industrial decarbonization for hard-to-abate sectors.
• Noronha Verde Solar-Storage Generation Project Solar-storage hybrid generation project located in the Fernando de Noronha archipelago comprising 22 MWp of solar capacity paired with a 49 MWh battery energy storage system, designed to eliminate fossil fuel use for electricity generation on the island and anchor Neoenergia's broader Programa Mais por Noronha sustainability program.
• Empréstimo Crefaz Consumer credit service offering installment-based loans repaid through the customer's Neoenergia electricity bill, providing residential customers across the five concession areas with accessible financing tied to their utility relationship.
• Frota Eletrificada (Electrified Fleet) Comprehensive electric vehicle fleet solution for businesses, covering home EV charging, commercial and industrial-grade charging infrastructure, and accompanying sustainable energy supply to support corporate fleet electrification initiatives.
• Certificados de Energia Renovável (Renewable Energy Certificates) Issuance and sale of renewable energy certificates (I-RECs) enabling businesses to verify, certify, and claim clean energy consumption in support of their Scope 2 emissions reductions and ESG reporting requirements.
• Gestão de Energia (Energy Management) B2B energy management service helping commercial and industrial customers optimize electricity consumption, reduce operating costs, and improve sustainability performance through dedicated energy audits, monitoring, and optimization programs.
• Eletropostos (EV Charging Network) Network of publicly accessible electric vehicle charging stations deployed across Brazil, including 12 charging points within the Fernando de Noronha archipelago as part of the company's sustainable mobility and Programa Mais por Noronha decarbonization initiative.
• Contratos de Longo Prazo (Long-term PPA Contracts) Long-term Power Purchase Agreements (PPAs) providing commercial and industrial customers with stable, fixed-term electricity supply contracts through Neoenergia Comercializadora, often paired with renewable energy certificates to support sustainability targets.

Quantifiable outcome

• Annual net income of R$5 billion in 2025, 38% YoY increase (historic high)
• +4 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Government of Brazil (Ministry of Mines and Energy)coreOthers · 23 June 2026Partnership with Brazilian government for distribution concession renewals (30 years for Coelba, Cosern, Elektro, and until 2060 for Pernambuco). Government partnership also for Noronha Verde project involving Ministry of Mines and Energy and Pernambuco state government.
• HondaminorStrategic or Co-development Partner · 28 November 2025Neoenergia and Honda partnered to promote green mobility in Brazil, collaborating on electric vehicle infrastructure and sustainable transportation solutions.
• EDF BrasilcoreStrategic or Co-development Partner · 24 November 2025Neoenergia sold 75% stake in Dardanelos hydroelectric plant (261MW) to EDF Brasil Hidro Participações for R$2.2 billion (enterprise value R$2.5 billion). EDF Brasil Holding holds 75% with right to acquire remaining 25% within 2.5 years. Transaction is part of Neoenergia's asset rotation strategy, subject to CADE and ANEEL regulatory approvals.
• ANATELminorOthersRegulatory partnership for spectrum and telecommunications infrastructure supporting private LTE network deployments for smart grid operations.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Equatorial Energia: Brazilian multi-distribution utility holding several electricity distribution concessions. Comparable as a direct competitor to Neoenergia in the regulated Brazilian distribution segment, including direct overlap in Northeast Brazil where Equatorial has publicly targeted Neoenergia's territories.
• CPFL Energia: Major Brazilian electricity distribution, generation, and commercialization group owned by State Grid of China. Comparable as a fellow multi-state distributor in Brazil with similar generation, transmission, and commercialization portfolio, and similar reliance on ANEEL regulation.
• Enel Brasil (Enel Green Power Brasil): Brazilian subsidiary of Italy's Enel, operating electricity distribution, generation (renewables), and commercialization. Comparable as a direct competitor with overlapping distribution concessions, renewable generation portfolio, and B2B free energy market offerings.
• EDP Energias do Brasil: Brazilian subsidiary of Portugal's EDP, operating electricity distribution and generation in São Paulo, Espírito Santo, and other states. Comparable as a fellow Iberian-parented Brazilian utility with similar smart-grid ambitions, renewable generation portfolio, and B2B commercialization.
• CEMIG: Minas Gerais state-owned integrated electric utility with distribution, generation, and transmission. Comparable as a Brazilian multi-state distribution utility with regulated revenues, generation portfolio, and similar ANEEL-driven business model.
• AES Brasil: Brazilian subsidiary of AES Corporation with renewable generation (wind, solar, hydro) and distribution (via AES Sul). Comparable as a Brazil-focused renewable IPP with B2B commercialization and similar Iberdrola/AES-style parent backing.
• Light S.A. Brazilian integrated electric utility serving Rio de Janeiro and surrounding areas with distribution, generation, and transmission. Comparable as a regulated Brazilian distributor with similar ANEEL exposure and B2B free energy market activities.

Broad incumbents

• Engie Brasil: Largest private-sector power generator in Brazil, with growing distribution and transmission assets. Comparable as a peer in Brazilian electricity generation, transmission commercialization, and energy transition; broader portfolio but overlapping renewable generation and B2B energy solutions.
• Eletrobras: Brazil's largest state-owned electricity group, dominant in generation and transmission with significant distribution subsidiaries. Comparable as the dominant incumbent in Brazilian electricity, with overlapping generation, transmission, and partial distribution; broader mandate but similar regulatory dynamics.

Others

• Iberdrola (parent): Spanish global renewable energy and grid utility and controlling shareholder of Neoenergia. Comparable as the parent providing capital, technology, and global best practices, with overlapping smart-grid, renewable generation, and distribution business model across geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/neoenergiabr
• YouTubeyoutube.com/channel/UCevlRLr5YmH6kHC5qMgcEwA
• Facebookfacebook.com/neoenergia
• LinkedInlinkedin.com/company/neoenergia
• Instagraminstagram.com/neoenergia_oficial
• TikToktiktok.com/@neoenergia

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neoenergia