What AEB Amsterdam does

AEB Amsterdam (legal entity AEB Holding N.V.) is the largest waste-to-energy and materials-recovery operator in the Netherlands, processing approximately 1.4 million tonnes of residual waste per year from municipalities and businesses across the Amsterdam metropolitan region. The company operates six combustion lines across two facilities — the Afval Energie Centrale (AEC, four lines, 850,000 tonnes/year, since 1993) and the Hoog Rendement Centrale (HRC, two lines, 30% electrical efficiency, since 2007) — plus a post-separation installation (since 2017) and a bio-energy centre (since 2020) that converts up to 110,000 tonnes of biomass annually. The business recovers seven material streams (plastics, ferrous and non-ferrous metals, paper, gypsum, organics, and bottom ash sold as road-construction aggregate) and supplies electricity to the grid and district heating to approximately 40,000 households in Amsterdam North, with ~628 kWh of electricity and ~208 kWh of heat generated per tonne of waste.

Revenue is generated through three streams: per-tonne waste-processing fees from municipalities and businesses (transaction fee model, ~500 trucks daily), sale of recovered electricity and district heat (via Vattenfall's stadsverwarming network), and sale of recovered secondary materials and bottom ash. The company is 100% owned by the Municipality of Amsterdam since its 2014 privatization, with sales managed by dedicated account managers (business) and sales managers (municipalities). In 2023, AEB generated €190M in revenue (down from €220M in 2022) and recorded a €26M loss following a 2023 electrical-room explosion, after which the municipality committed in early 2025 to retain ownership for at least ten years and the company was successfully refinanced in June 2025. A planned CO2 capture and storage project (~500 kt/year) targeting empty North Sea gas fields is expected operational by early 2028.

Name

AEB Amsterdam

Legal name

AEB Holding N.V.

Website

https://aebamsterdam.nl

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

AEB Amsterdam operates the Netherlands' largest waste-to-energy and materials-recovery facility, processing 1.4 million tonnes of residual waste annually from municipalities and businesses and supplying electricity and district heating to ~40,000 Amsterdam households.

Ownership category

akta.pro rank

Product category

Waste-to-Energy Services

NAICS

Hazardous Waste Treatment and Disposal (562211), Materials Recovery Facilities (562920), Waste Treatment and Disposal (5622), Waste Treatment and Disposal (56221)

SIC

Refuse Systems (4953), Hazardous Waste Management (4955), Cogeneration Services & Small Power Producers (4991), Sanitary Services (4950)

akta.pro primary industry

Subtitle: Waste Treatment & Disposal — Sub-industries (L4) (EUAIACAA)

akta.pro secondary industries

Industrial & Commercial Waste Incineration (Non-hazardous) (EUAAAKAC), Asset Recovery, Surplus & Decommissioning Services (EUAIANAD), Hazardous Waste Recycling & Recovery (Solvent Recovery, Oil Re-refining, Metals Recovery) (EUAIAFAI)

Keywords

• Waste processing services
• Waste-to-energy production
• Materials recovery
• District heating supply
• Biomass energy generation

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Waste Processing Services: AEB Amsterdam processes waste from municipalities and businesses, generating revenue through service fees for waste treatment and processing. The company processes 1.4 million tonnes of waste annually.
2. Energy Sales: Revenue from selling electricity to the grid and providing district heating to approximately 40,000 households in Amsterdam North through the stadsverwarming network
3. Recovered Materials: Revenue from selling recovered materials including plastics (processed into granulate), metals (copper, zinc, aluminium, iron), paper, and gypsum recovered from waste processing

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

AEB Amsterdam processes residual waste from municipalities and businesses, recovers valuable materials through post-separation and recycling, and converts the remaining waste into electricity and heat. The company operates multiple integrated facilities including a High-efficiency Resource Recovery Center (HRC), a Bio Energy Center, and a post-separation installation serving Amsterdam and the wider region.

Product overview

AEB Amsterdam operates as an integrated waste-to-energy and materials recovery enterprise, processing approximately 1.4 million tonnes of residual waste annually from municipalities and businesses in the Amsterdam metropolitan region. The company operates a portfolio of six combustion lines across two facilities (Afval Energie Centrale and Hoog Rendement Centrale), a post-separation installation, and a bio-energy center. Core operations span waste processing, energy generation (electricity and district heating), and materials recovery (plastics, metals, paper, gypsum, construction materials). The company provides tailored solutions for municipalities and businesses, manages special/hazardous waste streams, and collaborates with the Recycling Service Centrum for social employment. A digital customer portal (MijnAEB) enables partners to track waste deliveries and inspection data.

Differentiator

Problem solved

Functional benefit

Products and services

• Waste Processing Services (Afvalverwerking)

Quantifiable outcome

• 628 kWh electricity and 208 kWh heat generated per tonne of waste processed
• +8 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Gemeente Amsterdam (Municipality of Amsterdam)coreOthers · 1 January 2014The Municipality of Amsterdam is the sole shareholder of AEB Holding N.V. since the company's incorporation on January 1, 2014. The municipality remains the owner for at least ten years as decided in early 2025. AEB contributes to Amsterdam's sustainability ambitions and processes waste from the municipality.
• RenewimajorStrategic or Co-development PartnerRenewi participated in the work visit by State Secretary Eerenberg alongside AEB and Municipality of Amsterdam. Together they mapped the various links in the waste chain: from collection, sorting and recycling to processing of residual streams and generation of energy and heat.
• Recycling Service Centrum (RSC)majorStrategic or Co-development PartnerAEB works closely with the Recycling Service Centrum in Amsterdam, formerly part of AEB and now an independent company. RSC employs people with a vulnerable position in the labour market for recycling activities including disassembly, sorting of electronic waste, and textile sorting.
• WaternetminorOthersPartner organization of AEB Amsterdam, shown in the partners section of the website.
• Westpoort WarmteminorOthersPartner organization of AEB Amsterdam in the Westpoort area, shown in the partners section of the website.
• VerpactminorOthersPartner organization of AEB Amsterdam for packaging waste management, shown in the partners section of the website.
• VattenfallmajorOthersVattenfall is mentioned as AEB's partner for district heating (stadsverwarming) in Amsterdam North. Information about district heating is available on Vattenfall's knowledge page.

Scale indicators21 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• HVC: Cooperative waste and energy company in North Holland/Flevoland/Friesland operating multiple WtE plants and biomass facilities. Directly comparable integrated waste-to-energy and biomass utility serving Dutch municipalities.
• MVV Energie: German municipal utility operating waste incineration plants, district heating networks, and biomass/biogas facilities. Highly comparable integrated WtE-plus-district-heat business model.
• Attero: Dutch waste management company focused on processing household residual waste and producing energy and recyclable raw materials. Closely comparable scope of operation and end markets as AEB Amsterdam.
• AVR Rotterdam (Afvalverwerking Rijnmond): Rotterdam-based municipal waste incinerator and energy-from-waste operator serving South Holland. Closest functional peer in the Netherlands with similar WtE capacity, energy output, and bottom-ash recovery business model.
• EEW Energy from Waste: Germany-headquartered specialist operator of waste-to-energy plants with several large-scale combustion facilities. Direct functional peer in industrial-scale residual waste incineration and energy recovery.

Broad incumbents

• Remondis: One of Europe's largest privately owned waste and recycling companies with significant WtE operations, particularly in Germany. Comparable in breadth of services (collection, recycling, incineration) and customer base.
• Renewi: Leading Benelux waste-to-product and waste-to-energy operator; collects, sorts, recycles and incinerates municipal and commercial waste with significant Dutch/ Belgian coverage. Direct partner in the Amsterdam waste chain alongside AEB.
• Veolia Environnement: Global environmental services group operating waste-to-energy plants and materials recovery across Europe. Competes with AEB for municipal contracts and serves as a benchmark for European WtE economics and pricing.
• SUEZ (Suez Group): International waste management and water services operator with multiple European WtE installations and recycling facilities. Comparable in scale to AEB and a meaningful competitor for hazardous/special waste streams.

Emerging players

• Statkraft (waste/biomass operations): European renewable energy generator with biomass and waste-derived energy assets. Comparable in monetizing biomass-to-energy (110,000 t/yr at AEB's BEC) and in participating in district-heat supply chains.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aeb-amsterdam

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 AEB Amsterdam