SWB

What SWB does

swb AG is a regional multi-utility company headquartered in Bremen, Germany, founded in 1854 and operating as a publicly listed Aktiengesellschaft (Hamburg Stock Exchange). The company supplies electricity, natural gas, drinking water, district heating, and telecommunications services to residential and business customers across Bremen, Bremerhaven, and surrounding municipalities (Stuhr, Weyhe, Thedinghausen). Operations are executed through more than ten wholly owned subsidiaries, including swb Vertrieb Bremen/Bremerhaven (retail sales), wesernetz Bremen/Bremerhaven (regulated grid operations), swb Erzeugung (generation), swb Entsorgung (waste disposal), swb Services, swb Beleuchtung (lighting and Smart City), and EWE TEL GmbH (telecommunications delivery under the swb brand).

The underlying technology stack combines conventional utility infrastructure with selected innovation projects: the HyReK hybrid control power plant (a block-type CHP unit coupled with lithium-ion battery storage and Power-to-Heat conversion), district heating networks that capture waste heat from generation, the Werderland Energy Node (380-kV and 110-kV substations co-developed with TenneT), residential solar PV (swb Solar komfort), bidirectional EV wallboxes (swb Wallbox komfort, ISO 15118-ready), a Home Energy Management System, and a fiber/DSL telecom network operated via EWE TEL. Recent expansion includes an 85MW/170MWh grid-scale BESS project with Be.storaged at Bremen's industrial port (commissioning targeted early 2028).

Revenue is generated primarily through consumption-based subscription tariffs across all utility streams, supplemented by one-time sales of solar PV systems, wallboxes, and BESS projects, and managed-services revenue from battery storage and grid-scale energy assets. Go-to-market combines physical customer centers, the mein swb online portal and mobile app, multi-language telephone support, a dedicated B2B sales team for commercial/industrial customers, and a trade partner network for installation services. Customer segments are split between mass-market residential (Privatkunden) and business/government (Geschäftskunden including municipal clients), with regulated grid operations and concession-area positioning providing structural revenue defensibility.

Name

SWB

Legal name

swb AG

Website

https://swb.de

Company type

Public

Founded year

1854

Operating status

Operating

Headcount range

101–250 employees

Short description

swb AG is a Bremen-based regional multi-utility providing electricity, natural gas, drinking water, district heating, and telecommunications services to residential, business, and municipal customers across Bremen, Bremerhaven, and surrounding municipalities in Germany.

Ownership category

akta.pro rank

Product category

Integrated Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation (22111), Utilities (22)

SIC

Electric, Gas & Sanitary Services (4900), Natural Gas Transmisison & Distribution (4923), Water Supply (4941), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Regulated Residential & SMB Retail Supply (Default/Standard Offer) (EUAGABAA)

akta.pro secondary industries

Retail Billing, Customer Care & CIS/BSS Operations (for Residential/SMB) (EUAGABAK), Resilience & Backup Power Solutions (Critical Facilities, Islanding) (EUAMAJAK), EV Charging as DER (Managed Charging, V2G/V2B) (EUAMAJAL), Microgrid Controllers, Energy Management & DER Orchestration (MGC, SCADA, Optimization) (EUAFAJAH), EV-Integrated Microgrids & Depot Charging Hubs (Fleet BTM, V2B/V2G-Ready Sites) (EUAFAJAG)

Keywords

• Regional utility services
• Electricity supply
• Natural gas distribution
• District heating network
• Telecommunications services

Headquarters

HQ city

Bremen

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Supply: Supply of electricity to residential and business customers in Bremen and Bremerhaven regions. Revenue is generated through consumption-based pricing with base fees and variable rates per kWh.
2. Natural Gas Supply: Supply of natural gas for heating and cooking to residential and commercial customers.
3. District Heating: Supply of heating energy through district heating networks utilizing waste heat from power generation.
4. Drinking Water Supply: Supply of drinking water to residential and business customers.
5. Telecommunications Services: Internet (fiber and DSL), mobile telephony, and television services operated through EWE TEL partnership.
6. Solar and E-Mobility Solutions: Sales and installation of photovoltaic systems (swb Solar Komfort), wallboxes, and charging infrastructure.
7. Battery Energy Storage Systems: Development and operation of large-scale battery energy storage systems for grid stabilization and renewable energy integration.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

swb AG is an integrated regional utility company based in Bremen, Germany, supplying electricity, natural gas, drinking water, and district heating to residential and business customers in Bremen, Bremerhaven, and surrounding municipalities. In addition to core utilities, the company offers telecommunications services (DSL, fiber internet, mobile, and TV through the EWE TEL partnership) and modern energy solutions including photovoltaic systems, wallboxes, e-mobility charging infrastructure, and the proprietary HyReK hybrid control power plant for grid stabilization.

Product overview

SWB is a multi-utility energy and telecommunications company based in Bremen, Germany, offering an integrated portfolio of energy, water, heating, and telecommunications services. The company operates a platform-plus-services model combining core utilities (electricity, natural gas, drinking water, district heating) with modern energy solutions (swb Solar komfort photovoltaic systems, swb Wallbox komfort EV charging stations, Home Energy Management Systems), telecommunications (fiber/DSL internet, mobile, TV), and digital customer service platforms (mein swb portal, service apps). The HyReK hybrid control power plant represents a flagship technology project combining battery storage with Power-to-Heat technology for grid stabilization. The company serves both residential and business customers in Bremen, Bremerhaven, and surrounding areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Strom (Electricity)
• Erdgas & Wärme (Natural Gas & Heating)
• Wasser (Water)
• Internet (Telecommunications)
• Mobilfunk (Mobile)

Quantifiable outcome

• Up to 15% savings on heating costs through hydraulic balancing
• +3 more outcomes

Named customers4 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

Integration2 records

AI capability2 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Be.storagedcoreStrategic or Co-development Partner · 6 May 2026Joint development partnership for an 85MW/170MWh battery energy storage system at a legacy power plant site in Bremen's industrial port, planned for commissioning in early 2028.
• EDF Power Solutions DeutschlandminorStrategic or Co-development Partner · 6 May 2026ArcelorMittal has contracted EDF Power Solutions Deutschland for a 25MW/50MWh BESS project in Bremen under a 10-year service agreement.
• StatkraftminorStrategic or Co-development Partner · 6 May 2026Partnership for optimizing and trading three hybrid solar-plus-storage projects totaling 12MW/24MWh of BESS capacity through 2031. Suncatcher developed these projects in partnership with Statkraft.
• DLR - Deutsches Zentrum für Luft- und Raumfahrt (Institute for Networked Energy Systems)coreStrategic or Co-development Partner · 1 January 2019Joint research partnership on the HyReK (Hybrid Control Power Plant) project, exploring how stable and efficient energy systems can be realized despite weather dependency and increasingly decentralized structures. The project combines research institution expertise with energy utility know-how for the energy transition.
• EWE TEL GmbHcoreChannel Partner/ Reseller/ DistributorEWE TEL operates telecommunications services (internet, mobile, TV) under the swb brand. They are responsible for service delivery and customer management for telecommunications products offered by swb. EWE TEL is based in Oldenburg and has its own management team.
• Animoca BrandsminorStrategic or Co-development PartnerSWB Holdings plans to partner with Animoca Brands on stablecoin development as part of their financial services platform launch through the SOUL WORLD BANK platform.
• TenneTcoreStrategic or Co-development PartnerJoint development of the Werderland Energy Node project, where TenneT (transmission network operator) is building a converter station and 380-kilovolt substation alongside swb's 110-kilovolt substation to create a modern grid infrastructure hub.
• wesernetz Bremen GmbHcoreOthersSubsidiary network company responsible for operating and expanding the electricity and gas distribution network in Bremen. Investing over one billion euros in grid expansion over ten years.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• EWE: EWE AG is a regional multi-utility in northwestern Germany (Oldenburg, Lower Saxony) offering electricity, gas, heat, water, and telecom to residential and business customers. It is a direct peer to SWB given overlapping product portfolio, comparable municipal/cooperative ownership DNA, and ownership of EWE TEL — the partner that already delivers SWB's telecom services.
• Stadtwerke München (SWM): SWM is one of Germany's largest municipal multi-utilities, serving Munich with electricity, district heating, cooling, water, and fiber telecom, plus large renewable generation. SWB and SWM share the integrated multi-utility model, municipal ownership roots, and district heating plus fiber infrastructure strategy, making SWM a strong scaling benchmark for SWB.
• Mainova: Mainova is the Frankfurt municipal multi-utility supplying electricity, gas, heat, water, and energy services to a major German metro area. Like SWB, it is an integrated regional Versorger with growing exposure to heat pumps, e-mobility, and renewable generation serving a defined metropolitan concession area.
• Stadtwerke Leipzig: Leipziger Stadtwerke is a large eastern-German municipal multi-utility providing electricity, gas, district heating, water, and telecom (including a fiber JV). It is a close structural peer to SWB in combining regulated utility supply with district heating expansion and digital customer platforms.
• Stadtwerke Düsseldorf: Stadtwerke Düsseldorf is a mid-sized German municipal multi-utility offering electricity, gas, district heating, water, and mobility services to its home city. It is a structural twin of SWB — public ownership, integrated supply portfolio, urban concession area, and a similar mix of regulated and new-energy business lines.

Broad incumbents

• EnBW: EnBW is one of Germany's four big integrated utilities, with generation, T&D, EV charging (EnBW mobility+), and municipal sales. It is a broad incumbent peer of SWB because it operates overlapping product categories (BESS, EV charging, district heating, retail supply) and competes for the same end customers, but at national scale rather than a single city.
• E.ON: E.ON is a major German/European distribution-network and retail-energy operator with national consumer brands, smart-home, and BESS offerings. It is a broad incumbent peer because it competes head-to-head with SWB for retail electricity/gas customers in Bremen and is also a network operator with similar regulated capex exposure at far larger scale.
• Vattenfall Wärme Berlin: Vattenfall's Berlin heat business is one of Europe's largest district heating operators and a major BESS/power-to-heat developer. It is a broad incumbent peer to SWB on the heat-transition, sector-coupling, and large-BESS dimension that SWB is now pursuing with HyReK and the 85MW/170MWh project.

Others

• TenneT: TenneT is the Dutch-German transmission system operator co-developing the Werderland Energy Node with SWB. It is a partner/ecosystem peer rather than a competitor, but is directly relevant as the counterparty that co-defines SWB's grid capex roadmap and large-scale storage interconnection in Bremen.

Regional players

• Entega: Entega is a regional utility serving the Darmstadt/Hesse region with electricity, gas, heat, water, fiber, and e-mobility. It is a regional peer to SWB in the integrated Stadtwerke model, especially in the combination of municipal green-power positioning, fiber rollout, and EV charging infrastructure.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC33fHJAlA6psjEYbEj9EyAA
• Facebookde-de.facebook.com/swb.online
• LinkedInde.linkedin.com/company/swb-ag
• Instagraminstagram.com/swb_online
• Xx.com/swb_online

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

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 SWB