What Cuerva does

Cuerva is a privately held, family-owned Spanish energy group founded in 1939, headquartered in Churriana de la Vega, Granada, with operations across five countries including Spain, Panama, and Peru. The company is vertically integrated across the electricity value chain: it generates renewable energy through hydroelectric plants (Bermejales, La Vega, Rules, Arquillos, Cubillas, and the Panama-based San Lorenzo), solar PV facilities (Hoyas Grandes I and II at 11.2 MW, Serrano at 4.5 MW), and wind farms (Alba de Tormes, MAMUT, Guadix Experimental, Antonio Valverde); distributes electricity through owned networks, substations, and licensed distribution companies acquired over the years; and retails electricity to end customers through CHC Energía (founded 2009). The company also operates in electric mobility infrastructure, Energy Management Systems, Virtual Power Plants, and energy community management via subsidiaries Vergy Community (2022) and Gridfy (2023), plus innovation lab Turning Tables (2016).

Cuerva's business model combines regulated distribution revenues (anchored by acquired licensed distributors and concessions in Granada province and internationally), merchant generation sales, and retail electricity supply, supplemented by emerging digital and energy-community services. Customer segments include industrial and commercial organizations seeking comprehensive energy transformation, end-use consumers and energy communities (including shared self-consumption and peer-to-peer trading models), and public-sector healthcare facilities undergoing decarbonization. Go-to-market is direct enterprise sales for industrial/commercial clients and direct retail channels for consumers, supported by content marketing (blog, newsletter, corporate dossier) and event participation. The group holds ISO 9001, 14001, 45001, and 50001 certifications and operates more than 120 energy infrastructures including 5.1 KGB of smart grid capacity, with reported 96 KMWH of renewable generation and 10 Kt CO₂ avoided.

Cuerva's expansion has been entirely organic and self-funded, with no external venture or private equity investment disclosed. Recent strategic moves (2020-2025) include connection to Spain's national transmission grid via the Íllora 220/132 KV substation (2020), entry into electric mobility and VPP (2021), the launch of Vergy Community (2022) and Gridfy (2023), completion of major renewable plants (Rules hydroelectric, Hoyas Grandes and Serrano PV) by 2025, and the introduction of a new Smart Solutions business division in 2025. The group maintains a family-controlled ownership structure with approximately 51-100 employees, consolidated under the 2010 holding company Grupo Empresarial Cuerva S.L.

Name

Cuerva

Legal name

Cuerva Energía S.L.

Website

https://cuervaenergia.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Generation and Distribution

NAICS

Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations) (EUAMACAF)

akta.pro secondary industries

Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK)

Keywords

• Renewable energy generation
• Electricity distribution
• Smart energy services
• Energy infrastructure maintenance
• Electricity retailing

Headquarters

HQ city

Granada

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels3 records

Core offering

Cuerva generates renewable electricity through hydroelectric, solar PV, and wind power plants; distributes electricity across >120 pieces of infrastructure and 5.1 KGB of smart grids in Granada province; delivers smart energy solutions and services that transform organizational energy management; and retails electricity to end users through its CHC Energía subsidiary. The company also operates energy community management via Vergy and grid digitalization services for distribution system operators via Gridfy.

Product overview

Cuerva is a Spanish energy company founded in 1939, offering an integrated portfolio of energy products and services. The core offering consists of Power Generation (renewable energy through solar PV, wind, and hydroelectric plants), Electrical Distribution (networks and substations), and Smart Solutions/Smart Services (energy management transformation). The company also operates Electricity Retailing through CHC Energía. Key subsidiaries include Turning Tables Laboratory (innovation), Gridfy (DSO digitalization), Vergy Community (energy communities), and various distribution companies (Hidroeléctrica San Buenaventura, Distribuidora Eléctrica Guadalfeo, Eléctrica San Gregorio, Distribuidora Eléctrica Bermejales). The company operates across Spain, Panama, and Peru with over 85 years of experience.

Differentiator

Problem solved

Functional benefit

Brands

• CHC Energía: Energy retail business activity founded in 2009.
• Vergy
• Gridfy
• Turning Tables
• Grupo Cuerva Panamá
• Grupo Cuerva Peru

Products and services

• Power Generation Renewable electricity generation through hydroelectric power plants (Bermejales, La Vega, Rules, Arquillos, Cubillas, San Lorenzo), solar PV plants (Camino de Ácula, Hoyas Grandes I and II 11.2 MW, Serrano 4.5 MW, and Metropolitan Solar parks), and wind farms (MAMUT, Alba de Tormes, Antonio Valverde, Guadix Experimental). Sold into regulated distribution and retail supply chains across Spain, Panama, and Peru.
• Electrical Distribution Electricity distribution services through networks and substations (including the Escúzar substation, Íllora 220/132 KV 1x160 MVA substation, and power lines such as Gabia Escúzar and Escúzar-Lachar) supplying renewable energy across Granada province and Alpujarra. Operates 120+ energy infrastructures and 5.1 KGB of smart grid infrastructure for intelligent distribution management.
• Smart Solutions Smart, adaptable energy management solutions that transform organizations' energy management, impacting efficiency, sustainability, and market competitiveness. The 2025 division formalizes an integrated offering for organizational energy transformation.
• Smart Services Energy services providing real impact, sustainable over time and aligned with business needs, extending beyond technical execution to address each customer's broader energy goals.
• Electricity Retailing (CHC Energía) Customer-facing electricity retail services via CHC Energía subsidiary (founded 2009), putting the user at the centre, engaging them in decision-making, and guiding them toward a new energy model.
• Vergy Community Wholly-owned subsidiary (founded 2022) dedicated to managing energy communities based on shared self-consumption of energy, enabling peer-to-peer energy trading, virtual communities, and collective self-consumption models.
• Gridfy Wholly-owned subsidiary (founded 2023) providing services based on innovation, R&D, for the digitalization of Distribution System Operators (DSOs), focused on digital transformation of electrical distribution networks and grid management optimization.
• Turning Tables Innovation Laboratory Wholly-owned innovation laboratory (founded 2016) operating within the group, dedicated to energy technology research and development, collaborating with external partners on the Living Lab of the distribution network.

Quantifiable outcome

• 96 KMWH of renewable energy generated
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• GridfycoreStrategic or Co-development Partner · 1 January 2023Founded in 2023 as a strategic ally in grids' transformation. Gridfy provides services based on innovation, research and development for the digitalization of Distribution System Operators (DSOs). Focuses on the digital transformation of electrical distribution networks and grid management optimization.
• Vergy Community S.L.coreStrategic or Co-development Partner · 1 January 2022Founded in 2022 as a subsidiary company dedicated to energy community management based on shared self-consumption of energy. Vergy manages energy communities enabling peer-to-peer energy trading, virtual communities, and collective self-consumption models. This represents a core strategic initiative for Cuerva's expansion into new energy business models.
• Grupo Empresarial CuervacoreStrategic or Co-development Partner · 1 January 2010Created in 2010 as a holding company for all Cuerva activities, organizing and coordinating the group's diverse subsidiaries and business divisions.
• CHC EnergíacoreStrategic or Co-development Partner · 1 January 2009Founded in 2009 alongside Cuerva's energy retail business activity. CHC Energía handles the retailing of electricity, putting the user at the centre and engaging them in decision-making toward a new energy model.

Scale indicators6 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Audax Renovables: Spanish SME-scale vertically integrated renewable energy generator and retailer, serving C&I customers with PPAs and energy services. Closest scale-comparable peer to Cuerva with similar retail + generation + services mix.
• Holaluz: Spanish renewable energy retailer focused on residential solar PPAs and energy communities. Comparable to Cuerva's CHC Energía retail arm and Vergy community platform strategy.
• Solaria Energía y Medio Ambiente: Spanish solar PV developer and operator with utility-scale projects across Iberia. Comparable to Cuerva's solar generation business (Hoyas Grandes, Serrano, Camino de Ácula) and similar Iberian focus.
• Sonnedix: Independent solar power producer with operating assets across Spain and Europe. Comparable to Cuerva's solar PV generation portfolio and PPA origination capabilities.
• Acciona Energía: Spanish renewable energy developer, operator and retailer with wind, solar and hydro assets globally. Comparable to Cuerva as a vertically integrated renewable platform, though at materially larger scale and with international diversification.
• Factor Energía: Spanish independent electricity retailer serving C&I customers with renewable supply. Comparable to Cuerva's CHC Energía retail business and shared self-consumption offerings.

Broad incumbents

• Naturgy: Major Spanish integrated gas and electricity utility with renewables expansion. Comparable in integrated utility structure and Spanish distribution presence, with overlapping renewable generation ambitions.
• Iberdrola: Major Spanish integrated utility with leading renewables portfolio and regulated distribution. Comparable as a Spanish integrated utility with similar business model mix, though at vastly larger scale.
• EDP Renováveis: Iberian-headquartered global renewable energy developer and operator with large-scale wind and solar portfolio. Comparable as an Iberian renewable utility though materially larger and globally diversified.

Emerging players

• Alter Enersun: Spanish renewable energy developer focused on solar PV and wind projects in Iberia and Latin America. Comparable to Cuerva's Iberian renewable development and its Latin American subsidiaries in Panama and Peru.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Cuerva

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries22 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 Cuerva