Eteck
Eteck is the Netherlands' largest sustainable collective heating and cooling operator, serving 110,000+ connections across 350+ projects. It designs, owns, and operates WKO and aquathermie infrastructure under 30-year concessions for developers, housing corporations, VvEs, and municipalities.
- Company typePrivate
- Founded2000
- HeadquartersWaddinxveen, Netherlands
- Headcount—
- GTM typeB2B
- OfferingServices
What Eteck does
Eteck Energie Bedrijven B.V. is the Netherlands' largest operator of sustainable collective heating and cooling systems (SCHS), headquartered in Voorburg and founded around 2000 (with roots tracing to 1895). The company designs, finances, installs, owns, and operates decentralized heat and cold networks that supply central heating, cooling, and hot tap water to Dutch homes, apartment buildings, and commercial real estate. Its core technologies are open and closed Groundwater Heat Storage (WKO) systems — boreholes 100–160m deep that store summer heat for winter and winter cold for summer — combined with aquathermie (thermal energy from surface water (TEO), drinking water (TED), and wastewater (TEA)), hybrid air-water heat pump cascades for existing buildings, and residual-heat recovery from sources such as hospitals.
Eteck serves four primary segments: residential end-users (via physical heat network connections and the MijnEteck portal/app), project developers and housing corporations (newbuild and area development under 30-year concessions), housing corporations and VvEs (decarbonization of existing buildings), and municipalities (area development as a "sustainable area director"). It monetizes through a combination of fixed monthly network fees (covering infrastructure and maintenance), variable consumption charges per GJ of heat delivered, long-term project development and concession fees from developers and VvEs, and asset-management services. Eteck operates more than 350 projects and over 110,000 connections nationwide under the Dutch Warmtewet regulatory regime.
The company is privately held, majority-owned by global private equity firm Partners Group, and has historically grown through a combination of organic newbuild wins (e.g., De Glasfabriek Schiedam, Emmasingelkwadrant Eindhoven, The Grace Den Haag, Y-Towers Amsterdam) and opportunistic acquisition and recovery of malfunctioning heat networks from incumbents such as Eneco, Greenspread, NUON, and Vallei Wonen. In February 2026, Heiko Laubheimer succeeded Michiel van den Berg as CEO, alongside CFO Ton Louwers, with a stated ambition to scale Eteck to 1 million customers by 2050. The firm has no public revenue disclosure and operates in a regulated, capital-intensive infrastructure model with long sales cycles and 30-year concession lock-ins.
Eteck firmographics
Firmographics- Name
- Eteck
- Legal name
- Eteck Energie Bedrijven B.V.
- Website
- https://eteck.nl
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Short description
- Eteck is the Netherlands' largest sustainable collective heating and cooling operator, serving 110,000+ connections across 350+ projects. It designs, owns, and operates WKO and aquathermie infrastructure under 30-year concessions for developers, housing corporations, VvEs, and municipalities.
- Ownership category
- akta.pro rank
Eteck industry classification
Industry- Product category
- District Heating Services
- NAICS
- Steam and Air-Conditioning Supply (221330)
- SIC
- Steam & Air-Conditioning Supply (4961)
- akta.pro primary industry
- District Heating & Cooling Thermal Storage (Network-Integrated TES) (EUAFANAH)
- akta.pro secondary industries
- Geothermal Direct Use Heat Projects (District Heating, Greenhouses, Aquaculture, Industrial Heat) (EUAMAEAG), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF), Heat Pumps (Air/Water/Ground Source) (IMAHAKAF)
Keywords
Where Eteck is headquartered
LocationHeadquarters
- HQ city
- Waddinxveen
- HQ country
- Netherlands
- HQ region
- Europe
Offices2 records
Markets served
Eteck business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Heat and Cold Supply - Fixed Costs: Customers pay a fixed monthly fee for connection to the heat network, covering the cost of laying and maintaining the pipe infrastructure and equipment. Fixed costs apply to virtually all homes and businesses served by Eteck and are independent of consumption.
- Heat and Cold Supply - Variable Costs: Variable charges based on actual consumption of heat, cold, and/or hot tap water measured in GJ (gigajoules) or cubic meters. For homes with individual heat pumps or rental heat pumps, only fixed costs apply. Customers pay monthly via a deposit note and receive an annual settlement (jaarnota) based on actual reading via remote meter readout.
- Project Development and Long-Term Concession Fees: Eteck develops and invests in heat infrastructure for new real estate developments (newbuild and existing buildings) under long-term concessions (typically 30 years). Revenue includes one-time project contributions from developers or VvEs, plus ongoing exploitation fees. Eteck retains ownership of the installation throughout the concession period.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Fixed costs component - covers network infrastructure and maintenance |
| Usage-based | Annual | Variable costs component - based on actual heat/hot water consumption |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Eteck product offering
Product offeringCore offering
Eteck develops, installs, owns, and operates sustainable collective heating and cooling networks for residential, commercial, and hospitality buildings across the Netherlands under long-term (typically 30-year) concessions. Heat is produced from exclusively fossil-fuel-free local sources, primarily Warmte-Koudeopslag (WKO) groundwater heat storage and aquathermie (thermal energy from surface water, drinking water, and wastewater), augmented with hybrid and cascade heat pumps where needed. End customers receive hot tap water, space heating, and cooling delivered via physical networks and managed through the MijnEteck digital platform.
Product overview
Eteck is a Dutch sustainable heat energy supplier operating a platform-plus-services model. The core product is the MijnEteck digital platform, encompassing a web-based customer portal and mobile application that allows residential and business customers to manage their heat energy accounts, view consumption, and access support. Supporting the platform are service offerings including 24/7 Customer Care, asset management for heat systems, and Eteck Academy knowledge sessions. Eteck delivers heating and cooling using sustainable technologies including Warmte-koudeopslag (WKO) - heat-cold storage systems that store thermal energy in the ground, and Aquathermie - thermal energy extracted from surface water, drinking water, or wastewater. Services target housing corporations, VvEs (homeowners associations), developers, and end-use customers across the Netherlands.
Differentiator
Problem solved
Functional benefit
Products and services
- MijnEteck (Customer Portal) Online customer portal providing Eteck heat energy customers self-service access to consumption data, billing, payments, and account management.
- MijnEteck App Mobile application for iOS and Android giving Eteck customers 24/7 access to consumption, payment status, and personal account details on the go.
- Assetmanagement (Heat System Asset Management) Maintenance, monitoring, optimization, and 24-hour surveillance of Eteck-owned sustainable heat and cooling installations to ensure reliable delivery.
- Eteck Academy and WKO on Tour Knowledge sessions and on-site project tours educating municipalities, housing corporations, developers, and VvEs on technical, legal, financial, and service aspects of sustainable heat networks.
- Klantenservice / Customer Care 24/7 customer service department handling inquiries, complaints, billing, fault reporting, and onboarding for end users of Eteck's heat and cooling networks.
- Warmte-Koudeopslag (WKO) Heat Networks Open and closed groundwater heat and cold storage systems using boreholes 100-160m deep to balance seasonal heating and cooling demand for residential, commercial, and mixed-use projects.
- Aquathermie Heat Networks Thermal energy extraction from surface water (TEO), drinking water (TED), and wastewater (TEA) for fossil-fuel-free heating and cooling of buildings, often combined with WKO storage.
- Housing Corporation Decarbonization Service (Woningcorporaties) Full-lifecycle sustainable heating and cooling service for Dutch housing corporations covering new construction and decarbonization of existing apartment portfolios.
- VvE and Bewonerscoöperaties Service Collective decarbonization service for homeowner associations and resident cooperatives to make apartment buildings gas-free using WKO, heat pumps, and Eteck's own operation model.
Quantifiable outcome
- CO₂ reduction of 36,587 tonnes in 2020 (growing annually)
- +7 more outcomes
Companies that use Eteck
Customer profileNamed customers32 records
Segments6 records
Ideal customer profiles5 records
Eteck technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Eteck partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core and minor.
- Open DevelopmentcoreEteck received the award for the WKO system at the Prins Willem-Alexanderkazerne redevelopment in Gouda. Open Development is the project developer. The project covers 222 homes, ~2,000 m² commercial space, serving 242 housing equivalents from 2028. Eteck will operate the system from 1 January 2028.
- Bogro Snelrewaard / Bogro InstallatiescoreInstallation partner for the Prins Willem-Alexanderkazerne project. Bogro is responsible for the physical WKO installation alongside Eteck's own development team.
- Focus On ImpactcoreProject developer for Emmasingelkwadrant in Eindhoven. One of three developers (with Breevast and Foolen & Reijs Vastgoed) sharing one WKO system for three residential towers serving 1,300 homes. Eteck acts as the creative and operational partner.
- Union InvestmentcoreGerman real estate investment manager that acquired the Y-Towers project in Amsterdam-Noord. Eteck signed a realization and operation agreement for a sustainable WKO installation for the hotel (33 floors) and 174 apartments. 30-year concession from 2023.
- Vink BouwcoreConstruction partner for the Prins Willem-Alexanderkazerne project, working alongside Open Development and Eteck.
- BreevastcoreProject developer for Emmasingelkwadrant Eindhoven, partnering with Focus On Impact, Foolen & Reijs Vastgoed, and Eteck for the shared WKO system serving three towers and 1,300 homes.
- Foolen & Reijs VastgoedcoreProject developer for Emmasingelkwadrant Eindhoven, partnering with Focus On Impact, Breevast, and Eteck for the shared WKO system serving three towers and 1,300 homes.
- RoodenburgcoreInstallation partner for multiple Eteck projects including Y-Towers Amsterdam, Bethelpark Delft, and Waterfront Spijkenisse. Responsible for installing WKO systems and connecting to heat sources.
- EngiecoreInstallation partner for Y-Towers project, working alongside Roodenburg and Eteck on the WKO system and connection to Vattenfall's district heating network.
- EnecominorEteck took over exploitation of multiple projects from Eneco, including Hoog Dalem Gorinchem (2018) and Komforta Rhoon (2018), in a portfolio of 30 landelijke projecten. Eteck originally built the Hoog Dalem system for Eneco in 2009.
- Gemeente GoirlecoreMunicipality of Goirle signed the concession agreement in 2004 with (originally) Eneco for the sustainable neighborhood De Boschkens-Oost. Eteck took over the exploitation from Eneco in 2018. The project won the award for most sustainable heat network at the National Heating Congress 2019.
- KropmancoreInstallation and maintenance contractor for Eteck projects including Repelwei Barendrecht recovery and De Beljaart Dongen recovery. Performs major component replacements and system improvements.
- Kersten Techniek (Kersten Energietechniek)coreInstallation partner for the Kennedyflat decarbonization project in Egmond aan Zee. Responsible for cascade air-water heat pump installation and heat distribution system replacement alongside Eteck.
- Energy BridgecoreEteck and Energy Bridge formed a joint venture called Corporatiewarmte to provide sustainable heat solutions to housing corporations. This venture delivers hybrid heat pump systems for existing buildings.
- Sité WoondienstencoreHousing corporation that partnered with Eteck's Corporatiewarmte joint venture for the Erdbrinkplein decarbonization project in Doetinchem, achieving 68% natural gas reduction and 34% CO₂ reduction.
- GreenvisminorGreenvis awarded the Boschkens heat network in Goirle as the most sustainable heat network of 2019 at the National Heating Congress, in the category 'innovative small networks'.
- VOF Dijkzone (Dura Vermeer, VORM, Ballast Nedam)coreJoint venture of three developers (Dura Vermeer, VORM, Ballast Nedam) for the Waterfront Spijkenisse project. Eteck signed a cooperation agreement covering all six residential towers (~730 homes). Dura Vermeer is developing the first two towers (Baltimore and Boston).
- Tjaden (bronboorder)coreBorehole contractor for Waterfront Spijkenisse WKO project, drilling the doublet wells for the shared ground heat storage system.
- Blauwhoed and Dudok Real EstatecoreProject developers for De Glasfabriek in Schiedam - a historic factory redevelopment. Eteck won the tender to serve 1,000 housing equivalents with one WKO central system. Announced at Provada real estate fair.
Scale indicators18 records
Recent moves6 records
Expansion highlights6 records
Eteck competitors and assessment
Company assessmentBroad incumbents
- Veolia Nederland:
- RWE Generation NL: RWE is a major European utility with Dutch generation and heating interests, including biomass and gas-fired heat. As a large incumbent, it competes for large-area heat concessions and decarbonization tenders.
- ENGIE Nederland: ENGIE is a global energy and multi-technical services group with a Dutch subsidiary that operates heating, cooling, and building services. ENGIE has been a channel partner of Eteck on Y-Towers and competes in integrated heat/cold delivery to commercial real estate.
Regional players
- Warmtebedrijf Rotterdam: Municipal district heating utility in Rotterdam supplying heat from the Rotterdam Waste-to-Energy plant. While Rotterdam-focused and using a different primary heat source, it competes with Eteck for area development concessions in the Randstad.
- HVC (heating and waste): HVC is a Dutch waste and energy company owned by municipalities that also supplies sustainable heat (e.g., from waste incineration) to Dutch districts. It is a potential competitor for municipal heat concessions in regions outside Eteck's core footprint.
Emerging players
- Cofco (and other Dutch geothermal developers): Cofco is a Dutch cooperative focused on geothermal energy for greenhouses and other applications. While primarily greenhouse-focused, it represents the wider Dutch geothermal ecosystem that Eteck operates within, including shared expertise on doublet drilling and WKO.
- Paques (and other Dutch aquathermie players): Paques and other Dutch cleantech firms are developing aquathermie and water-energy technologies. While they focus on technology rather than full service heat delivery, they represent adjacent players in the same Dutch thermal-energy ecosystem.
Direct peers
- Vattenfall Warmte (Netherlands): Vattenfall operates large-scale district heating in Amsterdam (and other Dutch cities) and competes for heat network concessions. Eteck partnered with Vattenfall on the Y-Towers project, indicating overlap in serving large Amsterdam real estate developments.
- Eneco: Eneco is one of the largest Dutch energy companies and operates a significant portfolio of district heating and cooling networks, including WKO systems. Eteck has actively taken over underperforming Eneco heat projects, making Eneco its most direct comparable and former owner-operator of similar assets.
Others
- Stedin (heat network arm): Stedin is primarily a Dutch electricity grid operator but is increasingly involved in heating infrastructure coordination. It is an indirect ecosystem participant rather than direct heat supplier, but interacts with Eteck on meter assets and grid integration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Eteck social profiles
Digital presenceEteck financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eteck leadership team
Management profileNumber of profiles
Profiles4 records
Eteck funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eteck 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 Eteck
What does Eteck do?
Eteck develops, installs, owns, and operates sustainable collective heating and cooling networks for residential, commercial, and hospitality buildings across the Netherlands under long-term (typically 30-year) concessions. Heat is produced from exclusively fossil-fuel-free local sources, primarily Warmte-Koudeopslag (WKO) groundwater heat storage and aquathermie (thermal energy from surface water, drinking water, and wastewater), augmented with hybrid and cascade heat pumps where needed. End customers receive hot tap water, space heating, and cooling delivered via physical networks and managed through the MijnEteck digital platform.
Is Eteck a public or private company?
Eteck is a private company. It is classified as private equity controlled and is currently operating.
When was Eteck founded?
Eteck was founded in 2000.
Where is Eteck based?
Eteck is headquartered in Waddinxveen, Netherlands, in the Europe region.
How does Eteck make money?
Three revenue lines are on record. Heat and Cold Supply - Fixed Costs are the primary driver. The others are heat and Cold Supply - Variable Costs and project Development and Long-Term Concession Fees.
Who are Eteck's main competitors?
Broad incumbents on record are Veolia Nederland, RWE Generation NL and ENGIE Nederland. Regional players are Warmtebedrijf Rotterdam and HVC (heating and waste). Emerging players are Cofco (and other Dutch geothermal developers) and Paques (and other Dutch aquathermie players). Direct peers are Vattenfall Warmte (Netherlands) and Eneco. Stedin (heat network arm) is listed as an others.
Does Eteck have an API?
No public API is recorded for Eteck.
What industry is Eteck in?
Eteck's product category is District Heating Services. Its primary akta.pro industry code is EUAFANAH, District Heating & Cooling Thermal Storage (Network-Integrated TES), with a secondary code of EUAMAEAG, Geothermal Direct Use Heat Projects (District Heating, Greenhouses, Aquaculture, Industrial Heat). Its NAICS code is 221330 and its SIC code is 4961.