VENI Energy Group
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.
- Company typePrivate
- Founded1995
- HeadquartersDrammen, Norway
- Headcount—
- GTM typeB2B
- OfferingServices
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.
VENI Energy Group firmographics
Firmographics- 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
VENI Energy Group industry classification
Industry- 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
Where VENI Energy Group is headquartered
LocationHeadquarters
- HQ city
- Drammen
- HQ country
- Norway
- HQ region
- Europe
Offices8 records
Markets served
VENI Energy Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- 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.
- 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.
- 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
VENI Energy Group product offering
Product offeringCore 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
Companies that use VENI Energy Group
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles5 records
VENI Energy Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
VENI Energy Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Energi Team ApScoreVENI 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 GreencorePosition Green performs annual external audits of VENI Energy Group's ESG work (Environmental, Social & Governance), providing independent verification of sustainability practices.
- UNICEFminorVENI Energy Group contributes yearly to UNICEF as part of the company's sustainability and social responsibility initiatives.
- Médecins Sans Frontières (Leger Uten Grenser)minorVENI Energy Group contributes yearly to Médecins Sans Frontières (Doctors Without Borders) as part of the company's charitable giving program.
- Leleka Foundation UkraineminorVENI Energy Group contributes yearly to Leleka Foundation Ukraine supporting humanitarian efforts in Ukraine.
- ECOenergiacoreVENI 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
VENI Energy Group competitors and assessment
Company assessmentDirect 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
VENI Energy Group social profiles
Digital presenceVENI Energy Group compliance and trust
Trust signalCompliance7 records
VENI Energy Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
VENI Energy Group leadership team
Management profileNumber of profiles
Profiles18 records
VENI Energy Group subsidiaries and ownership
Company hierarchySubsidiaries10 records
VENI Energy Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VENI Energy Group 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 VENI Energy Group
What does VENI Energy Group do?
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.
Is VENI Energy Group a public or private company?
VENI Energy Group is a private company. It is classified as private equity controlled and is currently operating.
When was VENI Energy Group founded?
VENI Energy Group was founded in 1995.
Where is VENI Energy Group based?
VENI Energy Group is headquartered in Drammen, Norway, in the Europe region.
How does VENI Energy Group make money?
Three revenue lines are on record. Energy Sourcing Services are the primary driver. The others are energy Audit Services and metering Management.
Who are VENI Energy Group's main competitors?
Direct peers on record are Inspired Energy, SmartestEnergy, GETEC Group, ista SE and Minol-ZENNER Group. Broad incumbents are Statkraft, Fortum, Vattenfall and E.ON Energy Solutions. Tibber is listed as an emerging player.
Does VENI Energy Group have an API?
No public API is recorded for VENI Energy Group.
What industry is VENI Energy Group in?
VENI Energy Group's product category is Energy Management Services. Its primary akta.pro industry code is EUAGAEAA, Retail Energy Brokerage (Residential & SMB Switching), with a secondary code of EUAGABAK, Retail Billing, Customer Care & CIS/BSS Operations (for Residential/SMB). Its NAICS code is 2211 and its SIC code is 4931.