What Mind Energy does

Mind Energy is the largest independent energy supplier in the Nordics, operating as a B2B energy trading specialist headquartered in Aarhus, Denmark, with offices across Denmark, Norway, Sweden, and Finland. The company delivers electricity and gas to large energy consumers, energy producers, storage providers, and other energy suppliers, combining advisory services with active trading across more than 30 power markets and 15 gas markets, including the UK, broader Europe, the Balkans, and Australia. In 2024 Mind Energy traded 70.3 TWh of energy, balanced 8.2% of all Nordic consumption, and delivered 31 TWh to 170,000 power metering points plus 5.6 TWh of gas across 2,900 metering points in Denmark and Sweden.

The core platform combines balance responsibility services (Mind Energy is among the largest Balance Responsible Parties in the Nordics), portfolio management including a 50/50 profit-sharing index product, and end-to-end Corporate Power Purchase Agreement management covering producer communication, power delivery, risk management, imbalance settlement, and sustainability documentation. Customer-facing technology includes the My Energy self-service portal (consumption dashboards, invoicing, Excel exports), Demand Response Technology for flexibility monetization, and 15-minute settlement support aligned with the EU-mandated Nordic market transition. Revenue is primarily generated through procurement-to-delivery margins on energy trading and delivery, supplemented by PPA facilitation fees and advisory/portfolio management services bundled into enterprise agreements; 2024 reported revenue was approximately DKK 76.5 billion with a profit before tax of DKK 376 million (second-best result ever) and equity of DKK 8.85 billion. The company is privately held and led by Group CEO Louise Hahn, who initiated the Switch 2028 strategy and the April 2025 consolidation of all Nordic subsidiaries under the unified Mind Energy brand.

Name

Mind Energy

Legal name

Mind Energy A/S

Website

https://mindenergy.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

251–500 employees

Short description

Mind Energy is the largest independent energy supplier in the Nordics, providing B2B energy trading, balance responsibility, portfolio management, and PPA services to large consumers, producers, and suppliers across Denmark, Norway, Sweden, and Finland.

Ownership category

akta.pro rank

Product category

Energy Trading and Supply

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Gas & Other Services Combined (4932)

akta.pro primary industry

Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR) (EUAGABAI)

Keywords

• Energy trading services
• Power purchase agreements
• Balance responsibility services
• Corporate energy advisory
• Renewable energy supply

Headquarters

HQ city

Aarhus

HQ country

Denmark

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Trading and Delivery: Mind Energy generates revenue primarily through trading and delivering electricity and gas to businesses across Nordic markets. Revenue is derived from the margin between procurement and delivery costs, supplemented by market trading activities using the company's own capital. In 2024, the company reported revenue of approximately DKK 76 billion with a profit before tax of DKK 376 million. Approximately 50% of physical volumes handled for customers are in countries outside Denmark.
2. Advisory and Portfolio Management Services: The company provides advisory services including risk management, portfolio management, energy strategy consulting, and sustainability advisory. These services are bundled with energy delivery contracts as part of the overall customer value proposition.
3. Power Purchase Agreements (PPAs): Mind Energy facilitates long-term cPPA agreements between energy producers and corporate buyers, managing the entire process including co-financing of new renewable plants, power delivery, balancing, risk management, and documentation services for sustainability reporting.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Mind Energy is a B2B energy trading and supply specialist that sells physical electricity and gas, balance responsibility, risk and portfolio management, corporate Power Purchase Agreements (cPPAs), and advisory services to large energy consumers, producers, storage providers, and energy suppliers across the Nordic markets. Operations span 30+ power markets and 15 gas markets on a 24/7 basis from offices in Denmark, Norway, Sweden, and Finland.

Product overview

Mind Energy is the largest independent energy supplier in the Nordics, operating as a platform-plus-services model combining energy trading, supply, and advisory. The core offering is physical power and gas delivery across Nordic markets (Power & Gas Delivery), underpinned by balance responsibility services. The primary customer-facing digital product is the My Energy self-service portal, which provides consumption data, invoicing, and reporting. Value-added modules include Portfolio Management – Index (risk-managed electricity purchasing), Corporate Power Purchase Agreements (cPPAs for renewable energy sourcing with full lifecycle management), and Demand Response Technology (flexibility monetization). Market-facing products include the Morning Report, Energy Recap, and Energy Insights newsletters, alongside expert Energy Advisory services covering risk management, hedging, EU taxonomy, and CSRD compliance. The company also supports the regulatory transition to 15-minute settlement across the Nordics.

Differentiator

Problem solved

Functional benefit

Brands

• My Energy: Self-service portal providing customers with complete overview of energy consumption, invoices, documents, metering points, and reports.
• Portfolio Management - Index

Products and services

• Power & Gas Delivery Physical delivery of electricity and gas to enterprise customers across Nordic markets; Mind Energy balances 8.2% of all Nordic consumption and operates 24/7 trading across 30+ power markets and 15 gas markets.
• Balance Responsibility Services Mind Energy acts as a Balance Responsible Party (BRP) ensuring optimal balance between electricity consumption and production across the grid, including 24/7 real-time monitoring, demand/response technology, and direct power exchange access for energy producers.
• Portfolio Management – Index Electricity portfolio management solution for energy-intensive businesses; Mind Energy assumes price risk and shares profit 50/50 with the client on maximum price contracts, enabling predictable electricity costs while preserving competitiveness.
• Corporate Power Purchase Agreements (cPPAs) Long-term cPPAs connecting corporate buyers with renewable energy producers; Mind Energy manages producer communication, power delivery, risk management, imbalance settlement, and CSRD-aligned documentation.
• Energy Advisory & Strategy Expert advisory covering energy strategy, risk management, demand flexibility, PPA structures, hedging agreements, EU Taxonomy alignment, and CSRD compliance, tailored to each client's risk profile and sustainability goals.
• My Energy Customer Portal Free self-service portal providing Mind Energy customers with a complete overview of energy consumption, invoices, documents, metering points, and reports, featuring a dashboard, comparison tools, flexible Excel exports, and portfolio reports.

Quantifiable outcome

• Profit of DKK 376 million before tax in 2024, the company's second-best results ever
• +4 more outcomes

Named customers5 records

Segments5 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

Six partnerships are on record, tiered core.

• AteacoreStrategic or Co-development Partner · 1 January 2023Atea (leading Nordic IT infrastructure provider) partners with Mind Energy on a Corporate Power Purchase Agreement (cPPA) sourcing renewable energy from a Danish solar park in Broby on Lolland. Mind Energy manages the entire process from cPPA setup to power delivery, settlement, and all sustainability documentation for Atea's annual reporting. The solar park is built on exhausted agricultural land respecting biodiversity.
• Scan Global LogisticscoreStrategic or Co-development Partner · 1 January 2021Scan Global Logistics (global freight forwarder) partnered with Mind Energy to co-finance and source renewable power from a Danish solar park (constructed 2021-2023). Mind Energy managed the entire process from initial mandate through construction and ongoing operations. The partnership provides full sustainability documentation for Scan Global's annual report and client ESG proof, supporting the company's decarbonization commitments.
• FastpartnercoreStrategic or Co-development PartnerSwedish real estate company Fastpartner (62 GWh annual energy consumption) partners with Mind Energy for comprehensive energy portfolio management including risk management, physical energy delivery, grid balancing, energy efficiency, and invoice management. Fastpartner sources 'Good Environmental Choice' (Bra Miljöval) hydropower. Mind Energy supported Fastpartner's solar cell project funding application.
• ExilioncoreStrategic or Co-development PartnerFinnish renewable energy company Exilion (owned by Elo Mutual Pension Insurance Company, Veritas Pension Insurance, and the State Pension Fund of Finland) with 15 operational wind farms and a solar park under construction. Mind Energy provides route-to-market services, balancing, and day-ahead power market trading for Exilion's renewable portfolio. Partnership enables Exilion to maximize value from renewable assets while contributing to Finland's energy transition.
• Snellman GroupcoreStrategic or Co-development PartnerFinnish food manufacturing company Snellman Group (operating for over 70 years) partners with Mind Energy on a 10-year wind PPA with Palokangas wind farm in northern Finland. Mind Energy acts as balance responsible party managing 15-minute intervals to guarantee stable, predictable energy supply for Snellman's factories. Mind Energy absorbs production intermittency and sells surplus or procures deficits on the Nordic power market.
• Nordic Wind and Solar ProducerscoreChannel Partner/ Reseller/ DistributorMind Energy has long-term collaborations with producers of solar panel and wind turbine plants who create new sustainable energy. Through PPA structures, Mind Energy facilitates financing, power delivery, risk management, and market access for new renewable energy projects. This enables corporate customers to source additionality-backed renewable energy.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• E.ON: German utility with significant Nordic operations through E.ON Sweden. Comparable in B2B energy supply and trading across European markets, but operates at much larger scale with broader portfolio.
• Ørsted: Danish energy company and global leader in offshore wind. Comparable as a Danish-headquartered energy company in the Nordics, though focused on renewable generation rather than trading activities.
• Statkraft: Norwegian state-owned utility and Europe's largest renewable energy generator. Broader incumbent with energy trading operations combined with significant owned generation assets in the Nordics.
• Vattenfall: Swedish state-owned utility with Nordic energy supply, generation, and trading operations. Comparable in serving Nordic B2B customers but with significantly broader portfolio including owned generation.
• Fortum: Finnish state-owned utility with Nordic energy operations including generation, supply, and trading. Comparable in Nordic B2B energy supply but with broader portfolio and significant balance sheet.

Direct peers

• Axpo: Swiss energy trader and one of the largest in Europe, trading power, gas, and renewable energy. Comparable in business model focusing on energy trading, PPAs, and B2B supply with similar pan-European footprint.
• BKW Energie: Swiss energy company providing energy trading, portfolio management, and supply services. Comparable in offering integrated energy solutions to B2B customers across European markets with similar non-utility positioning.
• Danske Commodities: Danish energy trading company (now owned by Equinor) that trades electricity across European markets. Highly comparable as a Danish-headquartered energy trader with similar B2B trading and short-term optimization services.
• Alpiq: Swiss energy trader and generator with significant European trading operations. Comparable as a B2B energy trader providing balancing, portfolio management, and trading services across European markets.

Regional players

• Agder Energi: Norwegian regional energy company with Norwegian focus on energy supply and grid operations. Comparable in Nordic energy supply but with primarily Norwegian regional focus versus Mind Energy's pan-Nordic model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wearemindenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 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 Mind Energy