VENI Energy Group

What VENI Energy Group does

VENI Energy Group is a privately held European energy services company founded in 1995 and headquartered in Drammen, Norway. The company provides three integrated service lines to business customers: Energy Sourcing (electricity procurement securing lower and more predictable costs), Energy Audit (energy tax revision with refunds for incorrectly paid taxes \u2014 historically close to a billion NOK recovered for clients), and Metering (energy allocation and billing for commercial buildings, serving 400+ properties and 10,000+ tenants). The Group operates in six countries (Norway, Sweden, Finland, Denmark, Germany, and Spain) through local subsidiaries including Eneas, VENI Metering, Nordel Energi, VENI Energia, GU, Novaluz Energia, and Energi Team, with 500+ employees across 9 locations managing approximately 20 TWh of combined annual energy consumption for over 45,000 customers.

The business model is primarily B2B enterprise field sales with dedicated account management for large customers and SMB coverage via specialized service teams. Revenue streams blend recurring energy sourcing commissions, professional services fees for energy audit/refund work, and subscription-based metering management services. The group has executed a sustained M&A-led geographic expansion since private equity firm Norvestor became majority owner in 2016, including deals in Finland/Sweden (2017), Finland (2021), Germany and Spain (2024), and Denmark (2026), combined with internal consolidation of Finnish operations into VENI Energia Oy in 2025. The company differentiates through scale-driven procurement advantages, a 30-year track record, documented fossil-free energy since 2014, and over 100 employee-owners holding more than 25% of the Group.

Name

VENI Energy Group

Legal name

VENI Energy Group AS

Website

https://venienergy.com

Company type

Private

Founded year

1995

Operating status

Operating

Short description

VENI Energy Group is a privately held, Norway-based European energy services provider delivering electricity procurement, energy tax audit, and metering/billing services to over 45,000 business customers across six countries, managing approximately 20 TWh of energy annually.

Ownership category

akta.pro rank

Product category

Energy Management Services

NAICS

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

SIC

Electric & Other Services Combined (4931), Electric Services (4911)

akta.pro primary industry

Retail Energy Brokerage (Residential & SMB Switching) (EUAGAEAA)

akta.pro secondary industries

Retail Billing, Customer Care & CIS/BSS Operations (for Residential/SMB) (EUAGABAK), Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI)

Keywords

• Energy procurement services
• Energy tax auditing
• Energy metering solutions
• Commercial energy management
• Renewable energy sourcing

Headquarters

HQ city

Drammen

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Sourcing Services: Electricity procurement services securing lower and more predictable energy costs for business customers. The company sources energy for over 45,000 customers with combined annual consumption of over 20 billion kWh.
2. Energy Audit Services: Expert services in energy taxes - revising energy bills against current regulations and securing refunds when customers have overpaid. The service has helped recover close to a billion NOK in incorrectly paid energy taxes and levies.
3. Metering Management: VENI Metering provides services for metering, allocation, and billing of energy consumption in commercial buildings, serving property managers and allocating/billing for more than 10,000 tenants.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

VENI Energy Group provides B2B energy services across three core lines: Energy Sourcing (electricity procurement and trading strategy to secure lower, more predictable energy costs), Energy Audit (revision of energy tax bills and recovery of overpaid energy taxes), and Metering (metering, allocation, invoicing, and reporting of energy consumption in multi-tenant commercial buildings). The group serves over 45,000 customers with combined annual energy consumption of more than 20 TWh across six European countries.

Product overview

VENI Energy Group is a B2B energy services provider offering a portfolio of three core service lines: Energy Sourcing (electricity procurement), Energy Audit (energy tax revision and refunds), and Metering Management (energy allocation and billing for commercial buildings). The company operates through multiple subsidiaries and acquired brands across six European countries, including Eneas Services (NO/SE/FI), VENI Metering, Nordel Energi, VENI Energia, GU Germany, Novaluz Energia Spain, and Energi Team Denmark. Founded in 1995, the company has grown to serve over 45,000 customers managing approximately 20 TWh of annual energy consumption.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Sourcing Electricity procurement service for business customers that uses market analysis, trading strategies, and dedicated account management to secure lower and more predictable energy costs over time.
• Energy Audit Expert service that reviews energy tax bills against current regulations, ensures minimum energy tax cost, and secures refunds from suppliers when businesses have been overcharged.
• VENI Metering Service for metering, allocation, invoicing, and reporting of energy consumption in commercial buildings, enabling property managers to bill more than 10,000 tenants accurately and support ESG reporting.

Quantifiable outcome

• 20 TWh of combined annual energy consumption handled for customers
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Energi Team ApScoreStrategic or Co-development Partner · 3 March 2026VENI Energy Group acquired Energi Team ApS, Denmark's largest energy intermediary. This acquisition expands operations from five to six countries and strengthens VENI's leading position in the European energy management market. Energi Team brings approximately 8 TWh of annual energy mediation.
• Position GreencoreOthersPosition Green performs annual external audits of VENI Energy Group's ESG work (Environmental, Social & Governance), providing independent verification of sustainability practices.
• UNICEFminorOthersVENI Energy Group contributes yearly to UNICEF as part of the company's sustainability and social responsibility initiatives.
• Médecins Sans Frontières (Leger Uten Grenser)minorOthersVENI Energy Group contributes yearly to Médecins Sans Frontières (Doctors Without Borders) as part of the company's charitable giving program.
• Leleka Foundation UkraineminorOthersVENI Energy Group contributes yearly to Leleka Foundation Ukraine supporting humanitarian efforts in Ukraine.
• ECOenergiacoreOthersVENI Energy Group contributes yearly to ECOenergia's work with sustainability. VENI Energia operates as a licensed seller of EKOenergia, an energy label managed by environmental organizations.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Inspired Energy: UK-listed specialist B2B energy procurement and management broker. Closely comparable model: corporate energy buyers, expert procurement, energy management, and advisory — competing directly for European mid-market energy customers.
• SmartestEnergy: UK-based B2B renewable energy intermediary and PPA provider serving corporate, commercial, and industrial customers. Highly comparable to VENI's documented fossil-free supply value proposition and corporate customer focus.
• GETEC Group: German B2B energy services platform serving industrial and commercial customers with energy supply, efficiency, and decarbonization solutions. Direct comparable in the DACH market VENI entered via the GU acquisition.
• ista SE: German-headquartered provider of submetering, energy data management, and consumption-based billing for European real estate. Highly comparable to VENI Metering's services for multi-tenant commercial buildings (400+ buildings / 10,000+ tenants).
• Minol-ZENNER Group: Germany-based metering and energy services group for residential and commercial real estate. Closely mirrors VENI Metering's submetering, allocation, and billing offering, with overlapping target customers in multi-tenant properties.

Broad incumbents

• Statkraft: Norwegian state-owned renewable energy major and Europe's largest generator of hydropower. Increasingly offers B2B PPA and energy management services — a large incumbent sitting in VENI's Nordic home market.
• Fortum: Finnish state-linked energy major with operations across the Nordics, Poland, and the Baltics. Provides energy supply and advisory to Nordic enterprise customers that overlap with VENI's SMB and mid-market segments.
• Vattenfall: Swedish state-owned energy major providing electricity, heating, and B2B energy services across Northern Europe. Competes in the same Nordic corporate/SMB accounts VENI services with Eneas/Nordel Energi.
• E.ON Energy Solutions: Division of E.ON SE providing energy supply, efficiency, and decentralized energy solutions to commercial and industrial customers across Europe, including in Germany (where VENI operates via GU).

Emerging players

• Tibber: Norwegian-origin digital energy retailer expanding across Europe with consumption-based pricing and smart-home integrations. An emerging Nordic competitor with overlapping geography, though primarily consumer-led; VENI serves the B2B side it does not deeply address.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/veni-energy-group

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries10 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 VENI Energy Group