Andel
Andel is a Danish cooperative energy and fibernet conglomerate serving 2.8 million members and customers through regulated electricity distribution (40% of Denmark), retail energy supply, Denmark's largest EV charging network, fiber broadband, and energy trading across the Nordics.
- Company typePrivate
- Founded1915
- HeadquartersSvinninge, Denmark
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Andel does
Andel is a Danish cooperative energy and fibernet conglomerate founded in 1912 and headquartered in Svinninge, Denmark. It is owned by approximately 2.8 million cooperative members and operates through a holding structure (Andel Holding A/S) with a representative assembly as its highest governance body. Through its subsidiaries Cerius and Radius Elnet, Andel acts as a regulated electricity distribution system operator in eastern Denmark, supplying 40 percent of national electricity to 1.4 million grid customers across a 44,000 km network maintained at 99.99 percent uptime by Nexel. Andel Energi serves 1.2 million private and business customers with electricity, gas and energy advisory; Clever operates Denmark's largest EV charging network with over 34,000 charge points; Fibia provides fiber broadband to 600,000+ households; Energi Danmark (63.6 percent owned) trades electricity across the Nordics and Germany; and Watts delivers a consumer energy assistant app with 750,000 downloads.
The group's technology stack spans regulated grid infrastructure, digital consumer platforms (Andel Energi app with 1M+ downloads and 300,000+ MAUs; Watts app with 570,000 active users), and emerging technology bets including the GridScale hot rock energy storage system developed with Stiesdal Storage Technologies at Rødby. It also holds a 5 percent stake in Ørsted, co-owns offshore wind tenders with Copenhagen Infrastructure Partners (Hesselø and Kriegers Flak II, at least 1.8 GW combined), and operates renewable assets including the Rødsand 2 offshore wind farm and Tryggevælde Solar Park. AI and data capabilities are limited to price forecasting, consumption analytics and self-service features in its consumer apps rather than proprietary models.
Andel's revenue model is a hybrid of regulated grid tariffs (subscription/recurring), commodity-based electricity and gas retail (subscription/recurring), transaction-based EV charging and energy trading, and fiber broadband subscriptions. Pricing varies from time-of-use hourly residential electricity (averaging 53 øre/kWh in 2024) to usage-based EV charging, fixed-price business electricity contracts, and DKK 249/month home charging box subscriptions through Clever. FY2025 revenue was DKK 103.9 billion (up from DKK 83.5 billion in 2024) with EBITDA of DKK 3.1 billion and investment of DKK 8.1 billion, supporting a publicly stated DKK 90 billion green transition investment program through 2035.
Andel firmographics
Firmographics- Name
- Andel
- Legal name
- Andel Holding A/S
- Website
- https://andel.dk
- Company type
- Private
- Founded year
- 1915
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Andel is a Danish cooperative energy and fibernet conglomerate serving 2.8 million members and customers through regulated electricity distribution (40% of Denmark), retail energy supply, Denmark's largest EV charging network, fiber broadband, and energy trading across the Nordics.
- Ownership category
- akta.pro rank
Andel industry classification
Industry- Product category
- Electricity and Energy Distribution
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Electric, Gas & Sanitary Services (4900), Electric Services (4911)
- akta.pro primary industry
- Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)
- akta.pro secondary industries
- Charging Network Operators & CPOs Offering Smart Charging/V2G (EUAFAMAD), Balancing & Ancillary Services Optimization / Automated Bidding (Algo Trading) (EUAGAKAJ), Customer Energy Engagement (In-Home Displays, Portals, Usage Insights) (EUADAFAH), Ancillary Services Aggregation & Bidding Optimization (DER/VPP participation) (EUAFALAJ)
Keywords
Where Andel is headquartered
LocationHeadquarters
- HQ city
- Svinninge
- HQ country
- Denmark
- HQ region
- Europe
Offices5 records
Markets served
Andel business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Energy Sales (Electricity and Gas): Andel Energi sells electricity and gas to over 1.2 million private and business customers in Denmark. Revenue is generated through energy supply contracts with pricing that may be time-variable (hourly prices) or fixed for defined periods.
- Electricity Grid Distribution: Through subsidiaries Cerius and Radius Elnet, Andel operates and maintains electricity distribution networks serving eastern Denmark, covering 40% of electricity supplied in Denmark and 1.4 million grid customers.
- EV Charging Network: Clever operates Denmark's largest EV charging network with over 34,000 charging points. Revenue comes from charging sessions, home charging box sales/installations, and subscriptions.
- Fiber Broadband: Through Fibia, Andel provides fiber broadband to 600,000+ households passed with fiber network. Offers consumer choice of internet service providers including Waoo.
- Energy Trading: Energi Danmark (63.6% owned) operates in physical and financial electricity trading, carbon emissions trading, gas trading, wind energy, and portfolio management, serving corporate customers across Nordic countries and Germany.
- Renewable Energy Production: Energy production through Rødsand 2 Offshore Wind Farm, Tryggevælde Solar Park, and ownership stake in Ørsted (5%). Revenue from electricity generation and potential capital gains.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Clever Ladeboks home charging solution |
| Usage-based | Pay-as-you-go | Clever Ladebrik public charging solution |
| Usage-based | Monthly | Residential electricity pricing |
| Subscription | Monthly | Andel Energi Business App |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
Andel product offering
Product offeringCore offering
Andel is a Danish cooperative energy and fibernet group that sells electricity and gas to over 1.2 million private and business customers through Andel Energi, operates 44,000 km of electricity grid serving 1.4 million customers via Cerius and Radius Elnet, runs Denmark's largest EV charging network with 34,000+ charge points through Clever, and delivers fiber broadband to 600,000+ households via Fibia. The company also engages in renewable energy production (offshore wind, solar) and corporate energy trading across the Nordics and Germany through Energi Danmark, all under a cooperative ownership model serving approximately 2.8 million customer relationships.
Product overview
Andel is Denmark's leading energy and fibre-optic group operating as a cooperative society with subsidiaries. The portfolio consists of multiple distinct brands: Andel Energi (core retail energy for 1.2M+ customers), Watts (digital energy assistant app), Clever (EV charging network with 34,000+ charge points), Nexel (grid operations for 44,000 km of electricity grid), Fibia (fibre network for 600,000 households), Andel Lumen (street lighting), and Energi Danmark (energy trading across Nordic countries and Germany). The company also holds a 5% stake in Ørsted and has invested in GridScale hot rock energy storage technology with Stiesdal Storage Technologies. Digital offerings include the Andel Energi consumer app and Andel Energi Erhverv business app, both providing consumption tracking and price forecasting. A major fusion of Andel Energi, Clever and Watts was announced to create Denmark's largest integrated energy company combining electricity agreements, heat pumps, household batteries, charging solutions and intelligent energy management.
Differentiator
Problem solved
Functional benefit
Brands
- Clever: Denmark's largest EV charging network with over 34,000 charge points
- Watts
- GridScale
- Andel Energi
- Andel Lumen
- Mind Energy
Products and services
- Andel Energi Electricity and Gas Supply
Quantifiable outcome
- 40% of Denmark's electricity supplied through Andel grid companies
- +4 more outcomes
Companies that use Andel
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles6 records
Andel technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability3 records
Feature4 records
Andel partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor, flagship and core.
- SIF GruppenminorSIF Gruppen, one of Denmark's oldest installation companies, acquired Andel Lumen's business for installation of charging stations. Andel Lumen is phasing out its public lighting business.
- Copenhagen Infrastructure Partners (CIP)flagshipStrategic partnership to form consortium for two offshore wind farm tenders: Hesselø Offshore Wind Farm in Kattegat and Kriegers Flak II in the Baltic Sea. Combined capacity of minimum 1.8 GW to power equivalent of 2 million homes. CIP brings expertise in development, construction, and operation of offshore wind farms. Andel invests DKK 90 billion in green transition through 2035.
- Stiesdal Storage TechnologiescorePartnership to develop GridScale hot rock energy storage technology. Uses crushed stones in insulated steel tanks to store electricity from renewables. Facility being built at Rødby, Lolland with proximity to Rødby Varmeværk district heating plant. Technology demonstrated through Danish innovation projects at DTU Risø. Storage can reach ~600°C and retain heat for many days.
- ClevercoreDanish EV charging company acquired by Andel. Clever operates Denmark's largest EV charging network with 34,000+ charging points. Co-founded by Casper Kirketerp-Moller in 2012. Phased out middle management starting in 2019 and completed transition to flat structure in 2025. Andel agreed to maintain Clever's self-managed organizational structure.
- Roskilde FestivalminorEnergy partnership creating solutions that make it easier to celebrate with consideration for the environment. Part of Andel's community engagement and brand building among younger demographics.
- BogforumminorThree-year partnership launching new climate stage for conversations about climate, nature, and green transition. Aligns with Andel's mission to support the green transition and community engagement.
- ParkenminorSponsorship partnership providing visibility and brand association with major Danish sports venue.
- Impagt Invest SjællandminorPartnership supporting impact investment initiatives in the Zealand region.
- Rødby VarmeværkminorDistrict heating plant neighboring the GridScale hot rock energy storage facility at Rødby. Potential synergy for heat recovery from storage operations.
Scale indicators16 records
Recent moves7 records
Expansion highlights6 records
Andel competitors and assessment
Company assessmentDirect peers
- SEAS-NVE: Danish cooperative energy company similar to Andel, providing electricity distribution, retail supply, fiber broadband, and EV charging to customers across Zealand and southern Denmark. Closely comparable cooperative utility model, Danish-only footprint, and vertically integrated infrastructure portfolio.
- NRGi: Danish cooperative utility operating in eastern Jutland, providing electricity grid, retail energy, and broadband services. Partner in Energi Danmark (NRGi owns 36.4%) and directly comparable as a member-owned Danish DSO facing the same regulatory and electrification dynamics.
- ChargePoint: US-headquartered EV charging network operator and software provider. Comparable to Clever (Andel's subsidiary) as a charging network operator with both public charging points and home/workplace charging solutions, though operating at much larger geographic scale across North America and Europe.
- Allego: European EV charging network operator with pan-European charging infrastructure including Denmark. Comparable to Clever as a European-focused CPO with public charging points, smart charging technology, and home charging solutions serving similar customer segments.
Broad incumbents
- Ørsted: Denmark's largest energy company and global offshore wind leader. Andel holds a 5% stake in Ørsted, making it both a major financial partner and the dominant Danish energy incumbent whose offshore wind build-out overlaps with Andel's own renewable ambitions through the CIP consortium.
- E.ON: German-headquartered European utility major with extensive distribution networks, retail supply, and energy services across multiple countries. Comparable as a large incumbent utility undergoing similar green transition, digitalization, and EV charging build-out initiatives.
- Enel: Italian-headquartered global utility with electricity distribution, renewable generation, retail supply, and EV charging infrastructure across Europe and the Americas. Comparable vertically integrated utility with similar digital customer engagement and electrification roadmap.
Regional players
- Vattenfall: Swedish state-owned utility operating across the Nordics including Denmark, with electricity distribution, retail supply, and renewable generation. Comparable vertically integrated utility with similar regulatory exposure, customer mix, and renewable transition focus.
- Statkraft: Norwegian state-owned renewable energy generator and major European power market participant. Comparable as a Nordic state-backed utility with significant renewable generation assets and trading operations across European energy markets.
- Fortum: Finnish state-owned utility operating across the Nordics and Baltic region with electricity generation, distribution, retail supply, and EV charging initiatives. Comparable Nordic utility with similar diversified energy services model and exposure to the same electrification trends.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Andel social profiles
Digital presenceAndel compliance and trust
Trust signalCompliance7 records
Andel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Andel leadership team
Management profileNumber of profiles
Profiles14 records
Andel subsidiaries and ownership
Company hierarchySubsidiaries10 records
Andel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Andel M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Andel
What does Andel do?
Andel is a Danish cooperative energy and fibernet group that sells electricity and gas to over 1.2 million private and business customers through Andel Energi, operates 44,000 km of electricity grid serving 1.4 million customers via Cerius and Radius Elnet, runs Denmark's largest EV charging network with 34,000+ charge points through Clever, and delivers fiber broadband to 600,000+ households via Fibia. The company also engages in renewable energy production (offshore wind, solar) and corporate energy trading across the Nordics and Germany through Energi Danmark, all under a cooperative ownership model serving approximately 2.8 million customer relationships.
Is Andel a public or private company?
Andel is a private company. It is classified as management employee owned and is currently operating.
When was Andel founded?
Andel was founded in 1915. It employs 501 to 1,000 people.
Where is Andel based?
Andel is headquartered in Svinninge, Denmark, in the Europe region.
How does Andel make money?
Six revenue lines are on record. Energy Sales (Electricity and Gas) is the primary driver. The others are electricity Grid Distribution, EV Charging Network, fiber Broadband, energy Trading and renewable Energy Production.
Who are Andel's main competitors?
Direct peers on record are SEAS-NVE, NRGi, ChargePoint and Allego. Broad incumbents are Ørsted, E.ON and Enel. Regional players are Vattenfall, Statkraft and Fortum.
Does Andel have an API?
No public API is recorded for Andel.
What industry is Andel in?
Andel's product category is Electricity and Energy Distribution. Its primary akta.pro industry code is EUADABAI, Electric Distribution System Owners (Wires-Only Companies), with a secondary code of EUAFAMAD, Charging Network Operators & CPOs Offering Smart Charging/V2G. Its NAICS code is 2211 and its SIC code is 4900.