E3 Modelling
- Company typePublic
- Founded2013
- HeadquartersAthens, Greece
- Headcount11–50
- GTM typeB2B
- OfferingServices
E3 Modelling firmographics
Firmographics- Name
- E3 Modelling
- Legal name
- Ricardo plc
- Website
- https://e3modelling.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
E3 Modelling industry classification
Industry- Product category
- Energy and Economic Modelling Consulting
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- ESG Strategy & Materiality Assessment (EUAHAJAA)
- akta.pro secondary industry
- Sustainable Finance & ESG Ratings/Benchmarking Support (EUAHAJAH)
Keywords
Where E3 Modelling is headquartered
LocationHeadquarters
- HQ city
- Athens
- HQ country
- Greece
- HQ region
- Europe
Markets served
E3 Modelling business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Professional Services and Advisory: Engagement-based consulting services providing policy analysis, strategy development, model-based assessments, and research project management. Revenue generated through project fees for energy and economic modelling advisory engagements with governments, international institutions, and private sector clients.
- Digital Products Subscription: Subscription-based access to digital insights products including the Electricity Market Outlook providing robust insights and projections. Recurring subscription model for market intelligence.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom professional services engagements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
E3 Modelling product offering
Product offeringCore offering
E3 Modelling is a consulting agency that develops and maintains large-scale energy, economy, and transport models. It delivers model-based policy analysis, energy market analysis, decarbonisation planning, and investment assessment using three proprietary models (PRIMES, GEM-E3, Prometheus) for governments, international financial institutions, energy utilities, and private sector clients.
Product overview
E3 Modelling (part of Ricardo) offers a portfolio of specialised energy and economic modelling tools and advisory services. The core products consist of three major integrated models: the PRIMES Model (sectoral supply and demand modelling for transport, buildings, biomass, electricity/heat, and gas), the GEM-E3 Model (macroeconomic general equilibrium model for economy-energy-environment interactions), and the Prometheus Model (global energy markets model using stochastic methods). These are complemented by the SPARK optimization tool for decarbonisation pathway planning, the Electricity Market Outlook subscription service, and Sustainable Fuels and Chemicals Advisory. The models work together to provide policy analysis, market analysis, investment assessment, and model development support to governments, financial institutions, and private companies.
Differentiator
Problem solved
Functional benefit
Products and services
- PRIMES Model Large-scale sectoral supply and demand energy system model providing detailed projections of energy demand, supply, prices and investment across the entire energy system and related emissions, covering transport, buildings, biomass supply, electricity and heat, and gas supply across Europe, Asia and Middle-East.
- GEM-E3 Model General equilibrium model simulating the interaction between economic activity, energy use, and environmental impacts, generating projections for economic indicators including national accounts, employment by sector, trade balances, public finances, household consumption, energy use and supply, and emissions.
- Prometheus Model Global energy model using probability-based (stochastic) methods to explore energy system evolution under uncertainty, simulating the global energy system across 10 world regions with yearly projections up to 2050, covering energy demand across sectors, power generation from approximately 25 technologies, and detailed oil, gas, and coal supply analysis.
- SPARK Tool Optimization tool that calculates the optimal investment pathways required to achieve decarbonisation targets of ports, airports, cities, green corridors or industrial hubs.
- Electricity Market Outlook Subscription-based service providing robust insights and projections for electricity markets.
- Sustainable Fuels and Chemicals Advisory Advisory service supporting clients in the integration of policy, strategy and technology for sustainable fuels.
Companies that use E3 Modelling
Customer profileSegments4 records
Ideal customer profiles4 records
E3 Modelling technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature3 records
E3 Modelling partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights6 records
E3 Modelling competitors and assessment
Company assessmentDirect peers
- Enerdata: European energy market intelligence and research firm providing global energy statistics, forecasts and country-level energy balances. Comparable as a niche advisory/research provider serving energy and policy decision-makers with quantitative datasets and projections similar to the EMO subscription.
- Wood Mackenzie: Leading energy, chemicals and natural-resources research and consultancy with subscription-based market intelligence. Comparable in combining proprietary energy modeling, market outlook subscriptions, and bespoke advisory for governments and energy companies.
- AFRY (formerly Pöyry): Nordic-headquartered engineering and management consultancy with a sizable European energy and climate advisory practice. Comparable across model-based power market studies, energy transition advisory, and IFI/government mandate delivery.
- ICF International: Global consulting firm with a strong energy and climate practice serving governments, utilities, and multilaterals with economic and policy modeling. Closely comparable to E3 Modelling in serving public-sector and financial clients with model-based climate/energy analysis.
- Cambridge Econometrics: Economic modeling consultancy developing macro-econometric and general equilibrium models (E3ME, MDM) for climate, energy and policy analysis. Directly comparable in applying computable general equilibrium and macro-energy modeling to public-sector and international clients.
Broad incumbents
- S&P Global Commodity Insights: Major subscription-based energy and commodities research and analytics provider covering power markets, oil & gas supply, and transition scenarios. Comparable in scenario/stochastic forecasting of global energy markets and serving financial and policy clients.
- BloombergNEF: Global energy transition research house producing scenario-based forecasts and subscription outlooks across power, transport, fuels and industry. Overlaps with E3 Modelling in long-horizon energy forecasts and serving financial institutions, but at much larger scale and broader coverage.
- KPMG Energy & Natural Resources advisory: Big Four advisory practice covering energy transition strategy, climate policy and decarbonization planning for governments and corporates. Comparable in providing model-backed policy advisory for energy transition, though within a much broader consulting portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
E3 Modelling social profiles
Digital presenceE3 Modelling financial estimates
Financial estimateRevenue estimate
Valuation estimate
E3 Modelling leadership team
Management profileNumber of profiles
Profiles4 records
E3 Modelling funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
E3 Modelling 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 E3 Modelling
What does E3 Modelling do?
E3 Modelling is a consulting agency that develops and maintains large-scale energy, economy, and transport models. It delivers model-based policy analysis, energy market analysis, decarbonisation planning, and investment assessment using three proprietary models (PRIMES, GEM-E3, Prometheus) for governments, international financial institutions, energy utilities, and private sector clients.
Is E3 Modelling a public or private company?
E3 Modelling is a public company. It is classified as corporate owned and is currently operating.
When was E3 Modelling founded?
E3 Modelling was founded in 2013. It employs 11 to 50 people.
Where is E3 Modelling based?
E3 Modelling is headquartered in Athens, Greece, in the Europe region.
How does E3 Modelling make money?
Two revenue lines are on record. Professional Services and Advisory is the primary driver. The others are digital Products Subscription.
Who are E3 Modelling's main competitors?
Direct peers on record are Enerdata, Wood Mackenzie, AFRY (formerly Pöyry), ICF International and Cambridge Econometrics. Broad incumbents are S&P Global Commodity Insights, BloombergNEF and KPMG Energy & Natural Resources advisory.
Does E3 Modelling have an API?
No public API is recorded for E3 Modelling.
What industry is E3 Modelling in?
E3 Modelling's product category is Energy and Economic Modelling Consulting. Its primary akta.pro industry code is EUAHAJAA, ESG Strategy & Materiality Assessment, with a secondary code of EUAHAJAH, Sustainable Finance & ESG Ratings/Benchmarking Support. Its SIC code is 8742.