Elen

What Elen does

Elen Energy SH.P.K, founded in 1992 in Prishtina, Kosovo, is a family-owned solar energy engineering, procurement, and construction (EPC) firm that pivoted roughly 12 years ago from its original residential and commercial electrical-installation base toward renewable-energy infrastructure across Southeast Europe. The company delivers turnkey solar PV systems, battery energy storage systems (BESS), microgrids, and electric-vehicle charging infrastructure for medium-to-large commercial, industrial, retail, banking, and institutional clients in Kosovo, Albania, North Macedonia, Montenegro, and Germany. Elen reports more than 450 completed PV projects representing over 50,000 kW of installed capacity and operates a network of 500+ certified solar installers across 10 countries, supported by a core staff of 35 full-time employees. Notable project sizes range from 250 kWp factory rooftops (Scampa) to a 12 MWp utility-scale solar plant (Seman Power, Albania). Major enterprise customers include Raiffeisen Bank Kosovo, Interex, GALLERIA Shopping Mall, Seman Power, Hellga, Frutex, and Floil.

Elen's technical stack combines photovoltaic generation with LiFePO4 battery storage (10 kWh residential to 10+ MWh utility-scale), hybrid inverters operating at above 98% efficiency, IoT/AI-driven energy management systems (EMS), and EV charging hardware from 7 kW wallboxes to 350 kW DC superchargers. Microgrid solutions integrate these elements into autonomous energy zones. Core components are sourced from tier-1 OEMs — SolarEdge, Huawei, Canadian Solar, and JinkoSolar — enabling 25-year panel performance warranties and international bankability. Quality, environmental, and occupational-safety credentials are anchored by three TUV Austria ISO certifications (9001:2015, 14001:2015, 45001:2018).

Elen generates revenue through a blend of one-time EPC project contracts (the dominant stream, covering 1–50 MWp solar parks and C&I installations) and recurring offerings including Operations & Maintenance (O&M), energy asset management, AI/IoT-driven EMS subscriptions, Charging-as-a-Service (CaaS), and energy-efficiency consulting. Pricing is quote-based and project-specific. Go-to-market relies on direct enterprise field sales plus referral channels anchored by development partners (ICK, LuxDev, GIZ, UNDP) and the OEMVP Economic Chamber partnership in North Macedonia. Strategic investment is being made in a renewable-energy talent pipeline through the Elen-ICK-LuxDev Academy (launched March 2025) and the Elen-Abkons consortium installer certification program. The company has not raised external institutional capital and remains wholly family-owned (Lulzim, Afrim, and Avni Syla).

Name

Elen

Legal name

Elen Energy SH.P.K

Website

https://elen-ks.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Elen Energy is a Kosovo-based, family-owned solar EPC firm delivering turnkey photovoltaic, battery storage, and energy management systems for commercial and industrial clients across Kosovo, Albania, North Macedonia, Montenegro, and Germany, with over 450 completed projects and a network of 500+ certified installers.

Ownership category

akta.pro rank

Product category

Solar EPC and Renewable Energy Services

NAICS

Solar Electric Power Generation (221114), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Solar EPC services
• Photovoltaic system installation
• Battery energy storage
• Energy management systems
• EV charging infrastructure

Headquarters

HQ city

Mülheim An Der Ruhr

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Solar & Storage Projects: Full Engineering, Procurement, and Construction services for solar PV systems and battery storage. Turnkey project delivery model covering feasibility, design, installation, and commissioning. Revenue is generated through project-based contracts for large-scale solar parks (1–50 MW) and commercial/industrial installations.
2. Smart Energy Services & EMS: Energy Management System deployment, IoT/AI optimization services, and microgrid solutions. Includes ongoing monitoring, operation, and maintenance (O&M) services for installed systems.
3. Electromobility Infrastructure: EV charging station installation (AC/DC), and Charging-as-a-Service (CaaS) model where Elen installs, operates, and maintains stations while clients generate revenue from charging fees.
4. Electrical Installations: Comprehensive electrical installation services covering design, wiring, lighting, and safety systems for residential, commercial, and industrial buildings.
5. Energy Efficiency Consulting: Consulting services focused on identifying opportunities to reduce energy consumption and operational costs, including energy audits and customized efficiency strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Elen is a turnkey EPC contractor that designs, procures, installs, commissions, and maintains solar PV systems, battery energy storage systems, smart energy management platforms, microgrids, and EV charging infrastructure for commercial, industrial, institutional, and residential clients across Southeast Europe. Projects range from small residential rooftop kits (Elen Home PV) to 1–50 MW utility-scale solar parks, delivered through direct enterprise engagements backed by 25-year performance warranties.

Product overview

Elen Energy is a solar energy services company offering a unified portfolio of interconnected products and services for the residential, commercial, and industrial sectors across Southeast Europe. The core offering consists of Solar PV Systems (from small rooftop installations to utility-scale solar parks) paired with Battery Energy Storage Systems (BESS) using LiFePO4 technology, both delivered as turnkey EPC solutions. These are supported by Electric Vehicle Charging Infrastructure (Wallbox through DC superchargers), Energy Management Systems (EMS) with AI-driven real-time monitoring, and microgrid solutions. All systems are backed by Operation & Maintenance (O&M) services, Energy Asset Management, and Grid Connection Services. The company also offers a consumer-facing Elen Home PV residential solar kit. Products operate across Kosovo, Albania, North Macedonia, Montenegro, and Germany, with over 450 completed projects and a network of 500+ certified installers.

Differentiator

Problem solved

Functional benefit

Brands

• Elen Home PV: Personal solar kits for residential clients enabling simple, quick, and cost-effective installation of solar electricity systems without requiring outside contractors.

Products and services

• Solar PV Systems

Quantifiable outcome

• Up to 90% reduction in electricity expenses for commercial installations (e.g., Floil factory case: 664 kWp system)
• +5 more outcomes

Named customers18 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Innovation Centre Kosovo (ICK)coreStrategic or Co-development Partner · 1 March 2025Elen and ICK signed a formal cooperation agreement on March 1, 2025, to develop joint programs in green technologies focused on educating and training young people in the clean energy sector. As part of this partnership, the Academy for Solar Energy and Battery Storage Solutions was established, offering full scholarships, paid practical work experience at Elen, and hands-on training in photovoltaic systems, battery sizing, and hybrid energy solutions.
• LuxDev (Luxembourg Development Cooperation Agency)coreGTM or Marketing PartnerLuxDev funds the 'TechEco Pathways' project and the 'Skills for Sustainable Employment in Kosovo' program, of which the Elen-ICK Academy is a part. LuxDev supports the training of 12 scholarship recipients in solar energy and battery storage through Elen's training program, with 41 total graduates across AI, Cybersecurity, and solar disciplines.
• Ipko FoundationminorStrategic or Co-development PartnerElen signed a cooperation agreement with Ipko Foundation through the KosLift project, aimed at creating new job opportunities for Kosovo's youth. KosLift recruits and trains 1,000 students in essential skills (management, critical thinking, programming, soft skills), with Elen contributing expertise and potentially employment pathways for participants.
• AbkonsminorStrategic or Co-development PartnerThe Elen and Abkons consortium implemented a 5-week training program for 35 new solar panel installers in Kosovo, certified in partnership with UNDP Kosovo and the Japanese Embassy. The consortium approach allowed Elen to leverage Abkons' training infrastructure while contributing its technical solar expertise.
• LANSKY, GANZGER, and PARTNERminorStrategic or Co-development PartnerA consulting firm that co-organized a roundtable with the Economic Chamber of North-West Macedonia (OEMVP) to introduce Elen's services to member companies, helping them explore solar energy solutions and reduced electricity costs.
• OEMVP (Economic Chamber of North-West Macedonia)minorChannel Partner/ Reseller/ DistributorThe Economic Chamber of North-West Macedonia organized a roundtable to introduce its member companies to Elen's services, effectively acting as a channel partner that refers businesses in North Macedonia to Elen's solar EPC services.
• SolarEdgecoreTechnology or IntegrationSolarEdge is one of the world's top manufacturers of solar inverters and optimization technology, supplying components for Elen's solar installations. Elen exclusively partners with tier-1 manufacturers to guarantee quality and long warranties.
• HuaweicoreTechnology or IntegrationHuawei supplies advanced inverter and energy storage technology for Elen's solar and BESS installations. Partnership with world-leading manufacturers ensures high system performance and reliability.
• Canadian SolarcoreTechnology or IntegrationCanadian Solar is a tier-1 solar panel manufacturer supplying photovoltaic modules for Elen's projects, ensuring 25-year panel warranties and high energy yield across Kosovo, Albania, and North Macedonia installations.
• JinkoSolarcoreTechnology or IntegrationJinkoSolar, another tier-1 global solar panel manufacturer, supplies components for Elen's EPC projects, complementing the product range alongside SolarEdge, Huawei, and Canadian Solar to offer clients optimal technology choices.

Scale indicators7 records

Recent moves7 records

Expansion highlights7 records

Emerging players

• Lightsource bp: Global solar developer and EPC operator increasingly active in Southeast Europe through utility-scale PV projects. Comparable to Elen on utility-scale PV EPC but with materially larger balance sheet and global procurement scale.
• Akuo Energy: France-based renewable energy IPP and EPC with growing presence in Eastern and Southeastern Europe, including solar PV and storage. Comparable to Elen on solar + storage EPC and microgrid offerings, though more developer-oriented.

Direct peers

• ABO Energy: Germany-based renewable energy project developer and EPC for wind and solar across Europe, with established Balkan operations. Comparable to Elen as a multi-country EPC contractor in SEE tackling utility-scale solar and storage.
• Sunotec: Bulgaria-headquartered solar EPC contractor, one of the largest in Southeast Europe, building utility-scale PV plants across the region. Directly comparable to Elen in geography, customer profile (C&I and utility-scale), and turnkey EPC delivery model.
• Solarpro Holding: Bulgarian solar EPC and O&M provider with operations across SEE, delivering utility-scale PV and storage projects. Closely comparable to Elen in scope of EPC services, geographic focus, and reliance on tier-1 component supply.

Broad incumbents

• Encavis AG: Hamburg-based operator of solar and wind parks across Europe, with EPC and asset management capabilities. Comparable to Elen on solar EPC and O&M but operates a much larger IPP portfolio and focuses on Western/Central Europe.
• AKSA Energy: Turkish independent power producer expanding into renewables and EPC across the Balkans and Eastern Europe. Comparable to Elen on utility-scale solar project development and EPC execution in overlapping SEE markets.
• PNE AG: German wind and solar project developer with EPC and O&M services active in several European markets. Comparable to Elen on renewable EPC and project lifecycle services, though at significantly larger scale and more diversified by technology.
• Enerjisa Üretim: Turkish integrated energy company with utility-scale renewable generation and EPC capability, with growing presence in the Balkans. Comparable to Elen in renewable generation and EPC delivery, though much larger and more diversified.
• IBC Solar: Germany-based vertically integrated solar PV solutions provider with EPC, components distribution, and O&M operations across Europe. Comparable to Elen on EPC and storage offerings but at much larger scale and broader geographic footprint.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/elenengineering
• Facebookfacebook.com/elenengineering
• LinkedInlinkedin.com/company/elen
• Instagraminstagram.com/elen.solar

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Elen