PAK-Volt S.A.

What PAK-Volt S.A. does

PAK-Volt S.A. is a Poland-based energy trading company and a wholly-owned subsidiary of Polsat Plus Group, one of Poland's largest media and telecommunications conglomerates. Founded in 1997 as Elektrim-Volt S.A. (a spin-off from Elektrim S.A.) and renamed in 2014 after acquisition by ZE PAK S.A., the company joined the Polsat Plus Group in 2022. It operates on the liberalized Polish energy market trading electricity and natural gas to industrial consumers, large enterprises, SMEs, local governments, property managers, renewable energy producers, and wholesale trading counterparties, with nationwide reach through direct enterprise sales, sales agent/broker networks, and trading on TGE (Polish Power Exchange), GPW commodity market, and TFS London.

The company's core product portfolio is structured around three pricing models — FIX (fixed-price contracts), RDN (day-ahead market indexed pricing), and Index/Tranches (exchange-based pricing with futures instruments) — plus long-term Power Purchase Agreements (PPAs) in a pay-as-produced structure with guarantees of origin certificates, and trade balancing services for renewable energy generation points. Its underlying asset base comprises electricity traded from five renewable farms of the Polsat Plus Group (four wind farms and one solar farm totaling 232.5 MW installed capacity), supplemented by a 500 MW joint-venture wind project with ZE PAK S.A. in Opole Voivodeship targeting readiness-to-build by 2030. Notable enterprise customers include Netia, Polsat, Polsat Box, STRABAG, Bioton, FM Logistic, Eurovia, EE Odlewnia, and Hager Group, with multi-year PPA wins such as the 100% renewable supply for Hotel Europejski (Warsaw) from 2026 and energy supply to hydrogen refueling stations serving 26 NesoBus buses in the City of Chełm.

Economically, PAK-Volt generates revenue through transaction fees on electricity and gas trading, recurring/structured revenue from PPA contracts and OZE electricity supply, and managed-service fees from trade balancing activities. Pricing is quote-based and customized per customer profile, contract duration, and product type. The holding company holds electricity trading and natural gas fuel concessions valid through December 31, 2030 and has registered share capital of 29,500,000 PLN. Despite a disclosed headcount of only 8 employees, the company operates an asset-backed trading model integrated with a large corporate group — historical figures show predecessor entity Elektrim-Volt S.A. generated 1.3 billion PLN in revenue with double-digit domestic electricity trading market share in 2005. Current revenue is not publicly disclosed; the company's primary growth vector is expansion of renewable supply capacity and extension into hydrogen mobility.

Name

PAK-Volt S.A.

Legal name

PAK-Volt S.A.

Website

https://pakvolt.pl

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

PAK-Volt S.A. is a Poland-based energy trading company and wholly-owned subsidiary of Polsat Plus Group, supplying electricity and natural gas to industrial, commercial, municipal, and renewable-producer customers through FIX, RDN, Index/Tranches, and long-term PPA contracts, and managing trade balancing for 232.5 MW of group-owned renewable capacity.

Ownership category

akta.pro rank

Product category

Electricity and Gas Trading

NAICS

Natural Gas Distribution (2212)

SIC

Natural Gas Distribution (4924)

akta.pro primary industry

Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ)

Keywords

• Electricity trading services
• Natural gas trading
• Renewable energy supply
• Power purchase agreements
• Energy balancing services

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Trading: Sale and trade balancing of electricity to end users and wholesale market partners. The company operates on the liberalized Polish energy market, collaborating with Distribution System Operators across Poland.
2. Natural Gas Trading: Trading of natural gas fuel to business clients and wholesale market, offering flexible solutions tailored to customer needs including fixed-price contracts, market-indexed pricing, and gas balancing services.
3. Electricity from OZE: Sale of electricity generated from renewable sources owned by the Polsat Plus Group to end users, including both group entities and external customers. Also includes repurchase of electricity from photovoltaic installations.
4. PPA Agreements: Long-term Power Purchase Agreements for renewable energy supply, providing end customers with guaranteed origin certificates and stable pricing over contract duration.
5. Trade Balancing Services: Balancing services for renewable energy generation points, ensuring efficient energy management and supporting the development of the renewable energy market.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

PAK-Volt S.A. is a B2B energy trading company operating on the liberalized Polish energy market. The company supplies electricity and natural gas to industrial consumers, enterprises, and SMEs, with a particular focus on renewable energy sourced from its parent Polsat Plus Group's wind and solar farms. It additionally provides trade balancing services for renewable generation points and long-term Power Purchase Agreements (PPAs) with guarantees of origin for renewable electricity.

Product overview

PAK-Volt S.A. is an energy trading company providing electricity and natural gas trading services to businesses across Poland. The core offering consists of three main product types: FIX (fixed-price contracts), RDN (day-ahead market pricing), and Index/Tranches (futures-based pricing). The company also offers PPA (Power Purchase Agreement) contracts for long-term renewable energy supply, electricity repurchase services from RES installations, guarantee of origin certificates, and trade balancing services. Products are delivered through standard and customized offerings tailored to industrial consumers, SMEs, and energy trading companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Trading B2B electricity trading on the wholesale and retail market in Poland, offering FIX (fixed-price), RDN (day-ahead market indexed), and Index/Tranches (futures-based) pricing products tailored to industrial consumers, enterprises, and SMEs.
• Natural Gas Trading Natural gas fuel trading for business clients across Poland, providing fixed-price contracts, market-indexed pricing, and gas balancing services with flexible solutions tailored to customer needs.
• PPA Agreement (Power Purchase Agreement) Long-term Power Purchase Agreement for renewable energy supply using a pay-as-produced model, providing end customers with guaranteed origin certificates and stable pricing over the contract duration.
• Trade Balancing Services Balancing services for renewable energy generation points, managing the technical and commercial aspects of energy feed-in from OZE installations, including day-ahead market (RDN) integration and portfolio optimization.
• Electricity Repurchase from RES Installations Repurchase of electricity generated in end-user photovoltaic (PV) installations, providing owners of renewable energy installations with trade balancing services and access to the day-ahead market.

Quantifiable outcome

• 100% renewable electricity supply for customers through guarantees of origin
• +2 more outcomes

Named customers11 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• CINEA (European Climate, Infrastructure and Environment Executive Agency)minorOthers · 8 August 2024European Climate, Infrastructure and Environment Executive Agency providing grant funding of approximately 64 million PLN for construction of 5 hydrogen refueling stations along TEN-T transport corridors and 5 MW green hydrogen production facility, under CEF Transport - Alternative Fuels Infrastructure Facility program.
• ZE PAK S.A.coreStrategic or Co-development Partner · 27 June 2024Joint investment partnership for Poland's largest wind energy project with approximately 500 MW connection capacity in Opole Voivodeship. ZE PAK holds 99% and Polsat Plus Group holds 1% of project companies (Energia Przykona sp. z o.o. and Neo Energia Przykona X sp. z o.o.). Project targets readiness-to-build by end of 2030. Also collaborating on hydrogen refueling stations and NesoBus hydrogen buses.
• PAK-Polska Czysta Energia (PAK-PCE)coreStrategic or Co-development Partner · 1 January 2024Subsidiary of Polsat Plus Group that co-invested in the 500 MW wind project alongside ZE PAK, holding 1% of project companies with rights to increase stake. Also develops hydrogen infrastructure through subsidiaries PAK-PCE Biopaliwa i Wodór and PAK-PCE Stacje H2.
• PCE Polski Autobus WodorowyminorStrategic or Co-development Partner · 1 January 2024Joint venture between Polsat Plus Group and ZE PAK for hydrogen bus development. PAK-Volt supplies green energy to hydrogen refueling stations that power NesoBus hydrogen buses, including the 26-bus fleet for Chełm city.
• Polsat Plus GroupcoreStrategic or Co-development Partner · 1 January 2018PAK-Volt is a wholly-owned subsidiary of Polsat Plus Group, one of the largest Polish media and telecommunications companies serving approximately 6 million B2B and B2C contract customers. The group operates in telecommunications, green energy, content, and real estate. PAK-Volt manages trading of electricity from the group's renewable energy assets including wind and solar farms.
• Towarowa Giełda Energii (TGE)coreTechnology or IntegrationPolish Power Exchange where PAK-Volt holds membership and is authorized to trade electricity. Company participates in Day-Ahead Market (RDN) and commodity market operations. TGE quotations are used for pricing various products including FIX, RDN, and Index/Tranches offerings.
• Distribution System Operators (DSOs)coreTechnology or IntegrationPAK-Volt collaborates with leading Distribution System Operators across Poland for electricity and gas distribution services, enabling supply to customers nationwide.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Axpo Polska: Swiss energy trader's Polish subsidiary offering electricity supply, gas, and trading services to industrial and commercial customers. Closely comparable B2B energy retail and trading model in the Polish market.
• Respect Energy: Polish renewable-focused energy supplier serving B2B customers with green electricity and PPA offerings. Highly comparable to PAK-Volt in target market, product mix (FIX, RDN, PPA), and renewable positioning.
• Statkraft Polska: Norwegian state-owned renewable energy generator and supplier with Polish trading operations. Comparable as a renewable-first B2B energy supplier and PPA provider in Poland.

Broad incumbents

• RWE Polska: German utility's Polish operations offering electricity, gas, and renewable supply to B2B customers. Directly comparable in renewable and B2B energy supply but with broader European parent backing.
• Vattenfall: Swedish state-owned utility with European energy retail and renewable generation operations. Comparable in renewable supply and PPA offerings, though larger and geographically diversified.
• PGE Polska Grupa Energetyczna: Largest Polish utility with generation, distribution, and retail supply of electricity and heat. Overlaps with PAK-Volt in B2B electricity supply but operates across the full energy value chain at much greater scale.
• Tauron Polska Energia: Major vertically-integrated Polish energy group serving households and businesses with electricity and gas. Comparable B2B energy supply offering but with broader portfolio including coal generation.
• Enea: Polish energy group with generation, distribution, and retail supply across electricity and gas. Competes in the same B2B energy supply market as PAK-Volt but with incumbent scale and diversified mix.
• EDF Polska: French utility EDF's Polish subsidiary providing electricity and energy services to commercial and industrial customers. Comparable B2B supply and renewable offerings, supported by global utility parent.

Regional players

• Fortum Poland: Finnish utility's Polish operations focused on combined heat and power and energy supply. Comparable energy supply activities but with different generation technology focus (CHP vs. PAK-Volt's renewable emphasis).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pak-volt-s.a.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 PAK-Volt S.A.