En+
En+ Group is a Russian vertically integrated producer of low-carbon primary aluminum and renewable electricity, operating 15.2 GW of hydropower and 4.3 GW of thermal generation alongside 11 aluminum smelters (~4.2 Mt/year) through subsidiaries RUSAL, EuroSibEnergo and Irkutskenergo, and serving global industrial buyers and Russian regional utilities.
- Company typePublic
- Founded2002
- HeadquartersMoscow, Russia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What En+ does
En+ Group IPJSC (MOEX: ENPG, formerly LSE: ENPL until November 2024) is a Russian-domiciled, publicly listed holding company that operates as a vertically integrated producer of low-carbon primary aluminum and renewable electricity, founded in 2002 with approximately 95,000 employees across more than 60 enterprises on five continents. The Group is organized into two segments: a Metals segment, operated mainly through wholly-owned subsidiary RUSAL, encompassing 11 aluminum smelters with combined capacity of approximately 4.2 million tonnes per year, alumina refining at Aughinish Alumina in Ireland (Europe's largest refinery), bauxite mining, and the proprietary ALLOW low-carbon aluminum brand; and a Power segment, operated through LLC EuroSibEnergo and majority-owned Irkutskenergo, encompassing five large hydroelectric plants on the Angara and Yenisei cascades totaling 15.2 GW of installed capacity (including three among the world's 20 largest HPPs), 15 thermal power plants (4.3 GW), 1 GW of prospective wind capacity, and coal mining operations across four Russian regions with combined reserves of 1.3 billion tonnes and annual production of 17.4 million tonnes.
The business model is built around a structural cost and carbon advantage: captive Siberian hydropower feeds directly into RUSAL's aluminum smelters, yielding an industry-low carbon footprint of approximately 2.5 tCO2e/tAl. Primary aluminum and alloys are sold globally through the London Metal Exchange, with traceability supported by the LMEpassport platform co-developed with RUSAL since 2019. The Power segment sells electricity, capacity, and heat to the Russian wholesale market, regional grids, and industrial offtakers under regulated tariff frameworks, and is Russia's first and leading issuer of International Renewable Energy Certificates (I-RECs). The Group monetizes its low-carbon positioning through ESG certifications (TÜV Austria HPP certification, ASI membership, CDP A- for RUSAL, CCXGF A- ESG rating), climate-advocacy leadership (UNFCCC COP26, BRICS Business Council, Race to Zero, WBCSD), and decarbonization commitments (net-zero by 2050, 35% reduction by 2030 versus 2018 baseline, SBTi-submitted pathway). Strategic priorities include the "New Energy" HPP modernization programme, the greenfield Moksky hydroelectric complex in Buryatia, commercialization of inert-anode smelting technology, the Multi-Lab educational platform across seven Russian cities, and digital transformation through 2027.
Revenue is generated across five primary streams — primary aluminum and alloy sales, alumina and bauxite sales, electricity generation and capacity sales, regulated heat supply, and coal sales — with the Metals segment the dominant contributor. FY2025 revenue was USD 17,703 million, up from USD 10,356 million in 2021. The Group is the parent of RUSAL (wholly owned since 2003), majority owner of Irkutskenergo (since 2006), and holds a 25%+1 share stake in Norilsk Nickel via RUSAL. Governance includes a substantial cohort of independent directors on the Audit and Risk, Compliance, Corporate Governance, Nominations, Remuneration, and HSE committees, and an ESG rating of A- from China Chengxin Green Finance Technology (February 2025).
En+ firmographics
Firmographics- Name
- En+
- Legal name
- IPJSC EN+ GROUP
- Website
- https://enplusgroup.com
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- En+ Group is a Russian vertically integrated producer of low-carbon primary aluminum and renewable electricity, operating 15.2 GW of hydropower and 4.3 GW of thermal generation alongside 11 aluminum smelters (~4.2 Mt/year) through subsidiaries RUSAL, EuroSibEnergo and Irkutskenergo, and serving global industrial buyers and Russian regional utilities.
- Ownership category
- akta.pro rank
En+ industry classification
Industry- Product category
- Primary Aluminium Manufacturing
- NAICS
- Alumina Refining and Primary Aluminum Production (331313), Other Aluminum Rolling, Drawing, and Extruding (331318)
- SIC
- Primary Production Of Aluminum (3334)
- akta.pro primary industry
- Primary Aluminum Smelting (IMAKACAC)
- akta.pro secondary industry
- Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO)
Keywords
Where En+ is headquartered
LocationHeadquarters
- HQ city
- Moscow
- HQ country
- Russia
- HQ region
- Europe
Markets served
En+ business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Primary aluminium and alloys sales: Sales of primary aluminium, alloys and value-added low-carbon aluminium (ALLOW brand) from 11 aluminium smelters globally to industrial customers; reported as primary revenue driver of the Metals segment.
- Alumina and bauxite sales: Sales of alumina (including from Aughinish Alumina in Ireland, Europe's largest refinery,) and bauxite produced by the Metals segment to third parties and internal smelters.
- Electricity generation and capacity sales: Sales of electricity from 5 hydropower plants (15.2 GW installed), 15 thermal power plants (4.3 GW installed) and 5.2 MW of renewables to the Russian wholesale market, regional grids, industrial offtakers and (via I-RECs) to corporate green-energy buyers.
- Heat supply: Heat supply to regional consumers from CHP portfolio (notably Teplovoy Luch thermal main in Irkutsk, the largest project in Russian thermal power in the last half-century), providing a regulated, recurring utility revenue stream.
- Coal sales: Coal mining across 8 sites in Irkutsk region, Krasnoyarsk and Zabaykalsky Krai and the Republic of Tyva, with combined reserves of 1.3 billion tonnes and annual production of 17.4 million tonnes; supplies own CHPs and is exported.
- Renewable energy certificates / I-RECs: Issuance and sale of International Renewable Energy Certificates (I-RECs) — En+'s New Energy modernization program and I-RECs Project were recognised as a UN Energy Compact in 2021; En+ was first Russian company registered and is undisputed leader in I-REC sales volume in Russia in 2023.
Go-to-market motion4 records
En+ product offering
Product offeringCore offering
En+ Group is a vertically integrated producer of primary aluminium, alloys, alumina, and bauxite (operated through subsidiary RUSAL across 11 smelters with ~4.2 Mt/year capacity and Aughinish alumina refinery in Ireland), paired with generation and sale of electricity, capacity, heat and coal from 15.2 GW of hydropower, 4.3 GW of thermal capacity, and coal mining assets in Siberia. The Group monetises the low-carbon intensity of its hydropower-fed smelters through the proprietary ALLOW brand, LMEpassport traceability, and International Renewable Energy Certificates, selling primarily to industrial buyers under long-term contracts and via the London Metal Exchange.
Product overview
En+ Group IPJSC is a Russian energy and metals holding company organised as a vertically integrated producer of low-carbon aluminium and renewable electricity, rather than a software platform. Its offering is structured around two core business segments — a Metals Segment (aluminium smelting, alumina refining, and the low-carbon ALLOW sub-brand, operated mainly through subsidiary RUSAL) and a Power Segment (hydropower, thermal generation, wind power development, and coal mining, operated through subsidiary EuroSibEnergo and other entities). Layered on top of these segments are a portfolio of technology, sustainability, and infrastructure initiatives, including the "New Energy" HPP modernisation programme, the Moksky hydroelectric complex project, inert anode aluminium smelting technology, the Multi-Lab educational centres, I-REC renewable energy certificates, green hydrogen and perovskite solar R&D, and the Group's Pathway to Net Zero programme. Corporate strategy emphasises synergy between clean hydropower and aluminium smelting, with ESG policies, partnerships (UNGC, WBCSD, ASI, CDP, IAI, LME, etc.), and externally certified low-carbon claims as core differentiators.
Differentiator
Problem solved
Functional benefit
Brands
- ALLOW: Proprietary low-carbon aluminium brand of RUSAL (En+ Group's wholly-owned subsidiary). ALLOW comes from smelters powered by more than 95% low-carbon energy, offering customers decarbonisation advantages.
Products and services
- ALLOW low-carbon aluminium brand Proprietary low-carbon aluminium brand produced by RUSAL (En+ Group's wholly-owned subsidiary) from smelters powered by more than 95% low-carbon hydropower. Marketed to industrial buyers seeking verifiable decarbonisation advantages for downstream products.
- Primary aluminium and alloys (Metals Segment) Primary aluminium, alloys and value-added aluminium produced from 11 RUSAL smelters with ~4.2 Mt/year capacity, supplied globally to industrial fabricators in automotive, packaging, construction and electrical sectors under long-term contracts and via the London Metal Exchange.
- Alumina and bauxite Alumina (including from Aughinish Alumina in Ireland, Europe's largest refinery) and bauxite produced by the Metals segment for internal smelter feedstock and for sale to third parties.
- Electricity generation and capacity (Power Segment) Electricity and capacity supplied from 5 hydropower plants (15.2 GW installed capacity, including Krasnoyarsk, Bratsk, Ust-Ilimsk, Irkutsk and Boguchany HPPs) and 15 thermal power plants (4.3 GW) to the Russian wholesale electricity market, regional grids and industrial offtakers under regulated and bilateral arrangements.
- Heat supply (CHPs) Heat supplied from the CHP portfolio (including the Teplovoy Luch thermal main in Irkutsk, the largest project in the Russian thermal power sector in the last half-century) to regional consumers as a regulated utility service.
- Coal Coal mined across 8 sites in the Irkutsk region, Krasnoyarsk Krai, Zabaykalsky Krai and Republic of Tyva, with combined reserves of 1.3 billion tonnes and annual production of 17.4 million tonnes; supplied to En+'s own CHPs and exported to third parties.
- Inert anode aluminium smelting technology Proprietary aluminium smelting technology replacing conventional carbon anodes with inert, non-consumable ceramics or alloys. Designed to deliver less than 0.01 tonnes of CO2-equivalent per tonne of aluminium and over 99% aluminium purity, providing a step-change decarbonisation lever for En+'s smelters.
- International Renewable Energy Certificates (I-RECs) International Renewable Energy Certificates issued against the low-carbon electricity generated by En+'s hydropower plants and sold to corporate buyers to substantiate renewable electricity usage in their sustainability reporting. En+ was the first Russian I-REC issuer (2020) and the Russian market leader by sales volume in 2023.
- Wind power development (Amur wind farm) Prospective 1 GW Amur wind farm being developed within the Power Segment to expand En+'s renewable generation portfolio beyond hydropower.
Companies that use En+
Customer profileIdeal customer profiles3 records
En+ technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
En+ partnerships and signals
Strategic signalRecent moves7 records
Expansion highlights7 records
En+ competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights6 records
Customer concentration
En+ social profiles
Digital presenceEn+ compliance and trust
Trust signalCompliance8 records
En+ financial estimates
Financial estimateRevenue estimate
Valuation estimate
En+ leadership team
Management profileNumber of profiles
Profiles1 record
En+ subsidiaries and ownership
Company hierarchySubsidiaries3 records
En+ funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
En+ M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about En+
What does En+ do?
En+ Group is a vertically integrated producer of primary aluminium, alloys, alumina, and bauxite (operated through subsidiary RUSAL across 11 smelters with ~4.2 Mt/year capacity and Aughinish alumina refinery in Ireland), paired with generation and sale of electricity, capacity, heat and coal from 15.2 GW of hydropower, 4.3 GW of thermal capacity, and coal mining assets in Siberia. The Group monetises the low-carbon intensity of its hydropower-fed smelters through the proprietary ALLOW brand, LMEpassport traceability, and International Renewable Energy Certificates, selling primarily to industrial buyers under long-term contracts and via the London Metal Exchange.
Is En+ a public or private company?
En+ is a public company. It is classified as public and is currently operating.
When was En+ founded?
En+ was founded in 2002. It employs 5,001 to 10,000 people.
Where is En+ based?
En+ is headquartered in Moscow, Russia, in the Europe region.
How does En+ make money?
Six revenue lines are on record. Primary aluminium and alloys sales are the primary driver. The others are alumina and bauxite sales, electricity generation and capacity sales, heat supply, coal sales and renewable energy certificates / I-RECs.
Does En+ have an API?
No public API is recorded for En+.
What industry is En+ in?
En+'s product category is Primary Aluminium Manufacturing. Its primary akta.pro industry code is IMAKACAC, Primary Aluminum Smelting, with a secondary code of IMAKACAO, Aluminum Project Development, Engineering & EPC (Smelters/Refineries). Its NAICS code is 331313 and its SIC code is 3334.