badenova AG and Co.KG

What badenova AG and Co.KG does

Badenova AG & Co. KG is a 100% municipally-owned regional energy and environmental services provider headquartered in Freiburg im Breisgau, founded on June 26, 2001, through the merger of six municipal utilities (including FEW Freiburg, BE Lörrach, MIBA Offenburg, and Stadtwerke Lahr). It serves residential customers, business customers, and municipalities across the Südbaden region of Germany with an integrated portfolio covering electricity (Ökostrom, including dynamic tariffs), natural gas and biogas, district heating, drinking water and wastewater services, and building-energy solutions such as photovoltaic systems, wallbox EV charging, heat pumps, and individualized renovation roadmaps. Operations are organized through wholly-owned subsidiaries including Badenova Netze (grid operations), Badenova Energie (sales), Badenova Erneuerbare (renewables), Badenova Wärmeplus (heating), Badenova Konzept (land development), and badenIT.

The company has progressively extended its offering from a traditional utility into a municipal decarbonization partner, most notably through the DELP (Digital Energy Planning) platform developed jointly with Smart Geomatics, in which Badenova holds a >60% stake. DELP uses digital-twin technology, GIS data, and automated algorithms to model building-level heat-pump and EV-charging potential, feed-in systems, and heating-transition probabilities for municipal infrastructure planning. Revenue is generated primarily through subscription/recurring utility supply (electricity, gas, heat, water), one-time fees on hardware installations (PV, wallbox, heating), professional services for municipal heat and climate consulting, and transaction-based land-development fees through Badenova Konzept. The municipal segment is structurally anchored: more than 100 cities, municipalities, and special-purpose associations from Südbaden are shareholders, alongside a 42% strategic stake held by Thüga AG. The business is regulated by the Bundesnetzagentur under §111b EnWG, with operations certified for 100% renewable electricity (TÜV Nord) and a stated target of 100% green heating by 2035.

Name

badenova AG and Co.KG

Legal name

Badenova AG & Co. KG

Website

https://badenova.de

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Badenova AG & Co. KG is a 100% municipally-owned regional energy and environmental services provider in Südbaden, Germany, delivering electricity, gas, district heating, water, building-energy solutions, and digital municipal energy planning to residential, commercial, and municipal customers.

Ownership category

akta.pro rank

Product category

Regional Energy and Environmental Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Steam & Air-Conditioning Supply (4961), Water Supply (4941), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Residential HVAC System Installation (Furnace/AC/Heat Pump) (HSAOAGAA)

akta.pro secondary industries

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI)

Keywords

• Regional energy supply
• Municipal utility services
• District heating solutions
• Renewable energy supply
• Water and wastewater services

Headquarters

HQ city

Freiburg

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Supply (Ökostrom): Sale of green electricity tariffs to residential and business customers, including dynamic electricity tariffs and basic supply services.
2. Gas Supply (Erdgas/Biogas): Sale of natural gas and bio-natural gas with flexible pricing or price guarantees to residential and business customers.
3. District Heating (Fernwärme): Supply of district heating solutions to residential and commercial properties, including planning and implementation services.
4. Water Supply: Drinking water supply and wastewater services primarily in Südbaden region.
5. Building Solutions (Photovoltaik, Wallbox, Heating): Sale and installation of photovoltaic systems, wallboxes for electric vehicles, and heating systems including heat pumps, with consulting on subsidies and renovation roadmaps.
6. Land Development (Baulanderschließung): Development and marketing of residential and commercial building plots through subsidiary Badenova Konzept.
7. Municipal Consulting Services: Energy consulting, climate protection consulting, and municipal heat planning for municipalities in the region.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

badenova AG & Co. KG supplies electricity (Ökostrom), natural gas and biogas, district heating, heat pump electricity, and drinking water to residential and business customers in the Südbaden region of Germany. Beyond commodity supply, the company installs photovoltaic systems, wallboxes (EV chargers), and heating systems, and offers digital energy planning (DELP) and municipal heat planning services for cities and municipalities.

Product overview

Badenova AG & Co. KG is a regional energy and environmental services provider headquartered in Freiburg im Breisgau, founded in 2001 through the merger of six municipal utilities in Südbaden. The company operates as a multi-product energy utility offering a comprehensive portfolio of energy and infrastructure services: core products include Ökostrom (green electricity with dynamic tariff options), natural gas/biogas, district heating and heat pump electricity, and water supply/wastewater services. The product suite extends to building and energy solutions including photovoltaic systems, wallbox EV charging stations, heating installations, and energy consulting with individualized renovation roadmaps. The company serves residential customers, business customers, and municipalities through its customer portal, and offers specialized municipal services including digital energy planning (DELP), municipal heat planning, and real estate development through its subsidiary Badenova Konzept. An Innovation Fund supports regional climate and water protection projects. The company is 100% municipally owned and positions itself as a driver of the energy and heat transition in southern Baden.

Differentiator

Problem solved

Functional benefit

Products and services

• Ökostrom (Green Electricity) Eco-certified electricity from 100% renewable energy sources, offered as a standard tariff to all private customers in the Südbaden supply area.
• Gas and Biogas Supply Natural gas supply with flexible options and biogas tariffs, available with or without price guarantee, to residential and business customers.
• District Heating (Fernwärme) District heating supply for residential and commercial buildings, providing efficient and sustainable warmth solutions.
• Water Supply and Wastewater Drinking water supply services for private customers and municipalities, plus wastewater management services for Freiburg.
• Photovoltaic Systems Installation Solar panel installation services for residential buildings, enabling customers to generate their own electricity from solar energy.
• Heating System Installation and Modernization Heating system installation and modernization services, including a comprehensive care package (Rundum-sorglos-Paket) for residential energy solutions.
• Dynamic Electricity Tariff Dynamic electricity tariff that adjusts prices based on market conditions, allowing customers to benefit from time-of-use pricing.
• Energy Consulting and Renovation Roadmap Energy advisory services including individualized renovation roadmaps to help customers improve energy efficiency, with consulting on subsidies.
• Digital Energy Planning (DELP) Digital energy planning service for municipalities that provides automated analysis of heat pump potentials, charging infrastructure, and building heating system transitions using algorithms and digital twin technology.
• Municipal Heat Planning Advisory services for municipalities regarding heat planning, including support from initial idea to approved subsidies, funding checks, application service, and project implementation.
• Land Development (Baulanderschließung) Real estate development subsidiary that manages housing and commercial construction projects for municipalities in the Südbaden region.

Quantifiable outcome

• 100% green electricity certified by TÜV Nord
• +2 more outcomes

Named customers3 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

Feature3 records

Partnerships

Three partnerships are on record, tiered core - shareholders, core - technology partner and service partner.

• Municipalities of Südbadencore - shareholdersStrategic or Co-development PartnerMore than 100 cities, municipalities, and special-purpose associations from Südbaden are shareholders of Badenova, representing 100% municipal ownership.
• Smart Geomaticscore - technology partnerStrategic or Co-development PartnerSmart Geomatics, based in Karlsruhe, specializes in innovative GIS services and has partnered with Badenova Netze to develop the DELP (Digital Energy Planning) system. Badenova holds over 60% stake in Smart Geomatics.
• Sunshine Energieservice partnerImplementation/ SI/ Consulting PartnerSunshine Energie is a service provider that conducts energy consultations on behalf of Badenova for customers who book consultations via Calendly.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• EnBW Energie Baden-Württemberg AG: Dominant integrated utility for the state of Baden-Württemberg, including generation, grid, and retail. Overlaps with Baden's territory but operates at much larger scale across the full state.
• E.ON SE: One of Europe's largest integrated utilities with operations across electricity, gas, and customer energy solutions including heat pumps and EV charging. Competes for municipal contracts and residential customers across Germany.
• RWE AG: Major German integrated utility with significant renewable generation and customer solutions business. Overlaps with Badenova in renewable development and energy supply, though at national scale.

Direct peers

• Pfalzwerke AG: Regional utility in the Pfalz region offering electricity, gas, and energy services with municipal shareholders. Comparable mid-sized municipal multi-utility model with similar regional structure.
• Mainova AG: Regional municipal utility for Frankfurt am Main offering electricity, gas, district heating, and water services. Closely comparable mid-sized municipal multi-utility with similar regulatory and ownership structure.
• Stadtwerke München: Large German municipal multi-utility serving Munich with electricity, district heating, gas, and water. Highly comparable integrated utility model with municipal ownership, though larger in scale and more urban.
• Stadtwerke Krefeld AG (SWK): Municipal utility serving Krefeld and surrounding region with electricity, gas, water, and district heating. Comparable integrated multi-utility model of similar scale to Badenova.
• EWE AG: Regional energy and telecommunications utility serving northwestern Germany with electricity, gas, and heating services. Comparable integrated utility but serving a different geography.
• N-ERGIE Aktiengesellschaft: Municipal utility serving Nuremberg and surrounding region with electricity, gas, district heating, and water. Comparable integrated municipal multi-utility with similar service portfolio and municipal ownership.

Others

• Thüga Aktiengesellschaft: Holding company for a network of municipal utilities across Germany; holds 42% of Badenova. Operates as both shareholder and partner in municipal energy sector, making it a stakeholder rather than direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCydF7lNcAOmgHGrocFiecZQ
• Facebookde-de.facebook.com/badenovaAG
• LinkedInde.linkedin.com/company/badenova-ag-&-co-kg
• Instagraminstagram.com/badenova_Official

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 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 badenova AG and Co.KG