ENERTRAG

What ENERTRAG does

ENERTRAG is a German-based independent renewable energy company founded in 1992 (with operations formally established in 1998) and headquartered in Dauerthal, Brandenburg. It operates along the full value chain of the energy transition — developing, building, owning, and operating wind farms, photovoltaic installations, battery storage systems, electrolysis plants for green hydrogen, and Power-to-Liquid facilities for sustainable aviation fuel (e-SAF) and e-methanol. Its signature offering, the ENERTRAG Verbundkraftwerk®, integrates wind, solar, storage, and electrolysis into hybrid power plants designed to deliver dispatchable renewable energy comparable in reliability to conventional generation. The proprietary Powersystem software platform monitors and optimizes 6.9 GW of connected renewable capacity across the company's portfolio and for third-party asset owners.

The company employs over 1,000 people across 8 countries (Germany, France, Poland, South Africa, Namibia, Ghana, Vietnam, Uruguay) and serves industrial off-takers, regional utilities, aviation and rail operators, and private/institutional investors. Major initiatives include the Hyphen Hydrogen Energy joint venture in Namibia ($10+ billion, 350,000 tonnes/year green hydrogen target), the Brandenburg eSAF plant via the Concrete Chemicals JV with Zaffra/Sasol-Topsoe (€350 million public funding, 30,000 tonnes/year), Verbundkraftwerk Anklam (240 MW), Prenzlau Nord (130 MW electrolyzer), and a €1.1 billion France investment plan targeting 1 GW by 2030. The company converts renewable electricity into derivatives including ammonia, e-methanol, and e-kerosene.

ENERTRAG's revenue model is multi-stream: electricity generation and sales to grid operators and industrial customers; green hydrogen and hydrogen derivative sales to industrial and aviation buyers; capital investment products (corporate bonds such as ENERTRAG FestZins) to retail and institutional investors since 1998; technical and commercial operations management services for third-party renewable assets via ENERTRAG Betrieb and ENERTRAG Service; and project development and repowering fees. Distribution is direct enterprise sales with key accounts managed by field teams across each operating geography, complemented by investor relations for capital products. The company has cumulatively deployed €3 billion in debt and equity across its project portfolio.

Name

ENERTRAG

Legal name

ENERTRAG SE

Website

https://enertrag.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ENERTRAG is a German independent renewable energy company that develops, builds, and operates hybrid wind-solar-hydrogen power plants (Verbundkraftwerke®), battery storage, and Power-to-Liquid e-SAF facilities across 8 countries, serving industrial off-takers, utilities, aviation, and investors.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI), Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI)

Keywords

• Renewable energy generation
• Green hydrogen production
• Hybrid power plants
• Wind farm operations
• Battery storage systems

Headquarters

HQ city

Dauerthal

HQ country

Germany

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Generation and Sales: ENERTRAG develops, builds and operates renewable energy plants (wind and solar) selling electricity to grid operators and industrial customers. Revenue generated from energy production and sales.
2. Green Hydrogen and Derivatives Sales: Production and sale of green hydrogen through electrolysis, as well as hydrogen derivatives including ammonia, methanol, kerosene (e-SAF), and e-naphtha to industrial customers and aviation sector.
3. Capital Investments Products: ENERTRAG has offered capital investments in closed-end funds, wind farm investments and interest-bearing products since 1998, targeting private investors, foundations, associations and institutional investors. Current products include ENERTRAG FestZins 2033 and 2035.
4. Operations Management Services: Technical and commercial operations management for renewable energy assets owned by third parties, including inspection, maintenance, repair, and digital monitoring services via Powersystem software.
5. Project Development and Repowering: Development of new renewable energy projects and repowering of existing wind farms, including project development services for third-party clients.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

ENERTRAG develops, builds, and operates interconnected hybrid renewable power plants (Verbundkraftwerke®) that combine wind power, photovoltaics, battery storage, and electrolysis into a single controllable system. The company produces and sells green hydrogen and hydrogen derivatives (ammonia, e-methanol, e-SAF), provides technical and commercial operations management for renewable energy assets via its proprietary Powersystem software, and offers capital investment products (e.g., ENERTRAG FestZins bonds) to investors.

Product overview

ENERTRAG is a comprehensive renewable energy company offering an integrated ecosystem of products and services centered on the ENERTRAG Verbundkraftwerk® concept - a hybrid power plant combining wind power, photovoltaics, green hydrogen (electrolysis), battery storage, and grid infrastructure. The company operates along the entire value chain including project development and repowering, technical and commercial operations management, service/maintenance, and proprietary Powersystem monitoring software. ENERTRAG produces hydrogen derivatives including ammonia, methanol, and e-kerosene (eSAF). Major projects include the Brandenburg eSAF plant (30,000 t/a), Hyphen Namibia (3.5 GW), Verbundkraftwerk Anklam (240 MW), Prenzlau Nord (130 MW), and Bertikow battery storage (200 MW). The company also offers capital investment products for investors.

Differentiator

Problem solved

Functional benefit

Brands

• ENERTRAG Verbundkraftwerk: Interconnected power plants combining wind and solar installations with storage facilities and electrolysers to create controllable overall systems that supply energy as reliably as conventional power plants.
• Powersystem
• Concrete Chemicals

Products and services

• Wind Power Wind energy generation through development, construction, and operation of wind turbines and wind farms for clean electricity production. Targets industrial offtakers, utilities, and grid operators.
• Photovoltaics Solar energy generation through photovoltaic installations for clean electricity production, often combined with battery storage for grid stability.
• Green Hydrogen (Electrolysis) Green hydrogen production through PEM electrolysis using renewable electricity, with storage and supply to industrial customers (e.g., 10 MW PEM electrolyser in Osterweddingen producing 900 tonnes annually).
• Battery Storage Battery energy storage systems (BESS) for grid stability, emergency supply, and balancing renewable energy supply and demand (e.g., Bertikow 200 MW BESS operational by 2027).
• Grids / Infrastructure Grid infrastructure development and management including collection networks and substations (e.g., Bertikow substation modernization) for renewable energy integration.
• Hydrogen Derivatives (Ammonia, Methanol, Kerosene) Utilization of green hydrogen to produce derivatives including ammonia, e-methanol, and e-kerosene (eSAF) for industrial, shipping, and aviation applications.
• Powersystem Software Proprietary digital monitoring software that networks, monitors, and optimizes renewable energy systems and substations; currently connects 6.9 GW of renewable plant capacity.
• Project Development and Repowering End-to-end project development from initial idea to generation of clean electricity, including repowering of existing wind farms with modern turbines, offered to asset owners and partners.
• Inspection and Technical Operations Technical operational management and inspection of energy systems delivered through ENERTRAG Betrieb, including 24/7 monitoring via Powersystem.
• Commercial Operations Management Commercial management services for renewable energy assets, including liquidity planning and interest rate management.
• Service, Maintenance, Repair Wind turbine operation with maintenance, repair, and servicing from a single source, delivered through ENERTRAG Service GmbH.
• Capital Investments Capital investment offerings in closed-end funds, wind farm investments, and interest-bearing corporate bonds (e.g., ENERTRAG FestZins 2033 and 2035) offered to private investors, foundations, associations, and institutional investors since 1998.

Quantifiable outcome

• Reduces at least 100,000 tonnes of fossil CO₂ emissions per year from Brandenburg eSAF plant
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor, flagship and core.

• South Africa Wind Energy Association (SAWEA)minorOthers · 9 March 2026ENERTRAG South Africa participates in SAWEA industry association. Stephen Koopman elected as SAWEA chairperson for two-year term.
• Hamburg Energy Companies AllianceminorOthers · 24 February 2026ENERTRAG joined alliance of 20+ Hamburg-based energy companies opposing Federal Minister Reiche's grid package reform. Partners include Green Planet Energy, LichtBlick, GP Joule, Nordex, BayWa r.e., and Naturstrom.
• ZaffraflagshipStrategic or Co-development Partner · 29 January 2026Joint venture Concrete Chemicals (50/50 partnership between ENERTRAG and Zaffra) developing Germany's largest industrial-scale eSAF plant in Schwedt, Brandenburg. Zaffra is itself a joint venture between Sasol and Topsoe. The €350 million funding approved for the project targeting 30,000 tonnes eSAF and 7,000 tonnes e-naphtha annually by 2030.
• Rock Tech LithiumcoreStrategic or Co-development Partner · 26 August 2025Strategic partnership to develop a transatlantic hydrogen trade corridor. ENERTRAG to provide sustainable energy supply for Rock Tech Lithium's lithium hydroxide converter in Guben, Germany.
• Hyphen (Joint Venture with Namibian Government)flagshipStrategic or Co-development PartnerHyphen Hydrogen Energy is a vertically integrated green hydrogen and ammonia initiative in Tsau/Khaeb National Park, Namibia. ENERTRAG leads the joint venture with Namibian government holding 24% stake. $10 billion+ investment to produce 350,000 tonnes green hydrogen annually. FID due by end of 2026.
• GazelEnergiecoreStrategic or Co-development PartnerCommercialization agreement for ENERTRAG's first battery storage project in France. Partnership to develop and commercialize battery storage solutions in the French market.
• AlpiqcoreStrategic or Co-development PartnerENERTRAG sets up Alpiq's solution to meet grid balancing participation requirements for renewable energy assets in France. Partnership for regulatory compliance services.
• EBERT (Cooperation Agreement)coreStrategic or Co-development PartnerCooperation agreement for Sonnenberg V wind farm repowering and expansion, making it a landmark project in Germany.
• Rieger (Green Fuels Lausitz)coreStrategic or Co-development PartnerPartnership with Rieger to plan Green Fuels Lausitz plant in Schwarze Pumpe producing up to 200,000 tons of e-methanol and sustainable aviation fuels.
• green flexibilityminorStrategic or Co-development PartnerPartnership with green flexibility to implement battery storage in Tantow, supporting grid stability services.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• RWE: Large German utility with significant European wind/solar portfolio and active green hydrogen initiatives. Competes with ENERTRAG in German wind tenders and adjacent in hydrogen project development.
• EnBW: Large German utility with substantial renewable generation portfolio (onshore/offshore wind, solar, hydrogen). Overlaps with ENERTRAG in German wind tender participation, hydrogen development, and grid services.
• Ørsted: Danish offshore wind leader pivoting into green hydrogen and Power-to-X. Directly comparable in the offshore wind and emerging Power-to-X strategy where ENERTRAG also has flagship projects (Anklam, Lausitz).
• Encavis: European independent power producer in wind and solar that has acquired operating wind farms directly from ENERTRAG (Bonnhagen, Roitzsch, Vallée de Joie). Closely comparable as a buyer/operator of wind assets developed by ENERTRAG and as a strategic counterparty.
• Iberdrola: Spanish-headquartered global utility with one of the largest renewable portfolios worldwide, including wind, solar, and emerging green hydrogen. Comparable in scope and technology stack, though at much larger scale.

Direct peers

• juwi: German renewable energy project developer (now E.ON majority-owned) with active wind, solar, and increasingly hydrogen projects. Comparable along project development and EPC services for utility-scale renewables.
• WPD: German onshore/offshore wind developer with international offices and a comparable developer-to-operator model. Direct overlap in wind project development across Europe.
• Energiekontor: German independent wind and solar developer with a similar German core, project development, and IPP-style operations. Comparable in business model (developer-to-operator) and customer base.
• PNE AG: German wind and solar project developer with comparable size, onshore wind pipeline, and European operations. Closely comparable along product offering (utility-scale wind/solar development, repowering, O&M) and target customer base (utilities, industrial off-takers).
• ABO Wind: German wind and hydrogen project developer with a similar European footprint and an explicit pivot into green hydrogen — directly comparable to ENERTRAG's expansion into hybrid renewable + H2 platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/EnertragVideo
• Facebookfacebook.com/enertrag
• LinkedInlinkedin.com/company/enertrag-ag
• Instagraminstagram.com/enertrag
• TikToktiktok.com/@enertrag

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

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 ENERTRAG