Veolia Energia Magyarország Zrt.

Name

Veolia Energia Magyarország Zrt.

Legal name

Veolia Energia Magyarország Zárt Körűen Működő Részvénytársaság

Website

https://veolia.hu

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

District Energy and Multi-Utility Services

NAICS

Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Steam and Air-Conditioning Supply (221330), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Water Supply (4941), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

akta.pro secondary industries

Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ), Utility-Scale Power Generation Asset Management (EUAEAMAA), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• District heating services
• Power generation services
• Water utility management
• Waste management services
• Energy management solutions

Headquarters

HQ city

Budaörs

HQ country

Hungary

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Sales: Sale of electricity and heat produced from natural gas and biomass in power plants. Revenue from district heating services and electricity trading.
2. Energy Services: Operation and maintenance of energy systems, cogeneration services, ESCO projects (turnkey energy efficiency implementations), design and implementation services.
3. Water Utility Services: Drinking water production, operation of water treatment plants, water network management, wastewater treatment services.
4. Waste Management: RDF/SRF (solid recovered fuel) production, waste treatment services, cooperation with subsidiaries in Serbia and Slovenia.
5. Engineering and Construction: Civil engineering services including construction and reconstruction of water supply, sewage networks, gas supply, district heating systems, and power plant facilities through Veolia Mélyépítő Magyarország Kft.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Veolia Energia Magyarország Zrt. produces and supplies electricity and heat from natural gas and biomass through 10 power plants, provides district heating to over 400,000 households via long-term municipal concession contracts in 18 cities, and operates water and wastewater services for 166,000+ customers through subsidiaries. The company also delivers turnkey energy efficiency (ESCO) projects, cogeneration, virtual power plant services, patented THERMOWATT wastewater heat recovery, and waste management/RDF production across Hungary.

Product overview

Veolia Energia Magyarország Zrt. operates as a multi-service environmental solutions provider offering integrated energy, water, and waste management services through a portfolio of specialized products and subsidiaries. The core energy offerings include Hubgrade (centralized energy management platform), Cogeneration/CHP services, Virtual Power Plant management, and traditional Power Plants running on biomass and natural gas. District heating services span 18 cities with 35 heating plants. The water segment comprises Veolia Víz Zrt. (utility services) and VWS Hungary (water and wastewater technology solutions). Waste management includes Veolia Waste Hungary Kft. with SRF production capacity. Subsidiary THERMOWATT provides patented wastewater heat recovery technology. Civil engineering services are delivered through Veolia Mélyépítő Magyarország Kft. The company also operates gas trading through specialized subsidiaries.

Differentiator

Problem solved

Functional benefit

Brands

• Hubgrade: Centralized recording and display of heat and electricity production, sales data, and fuel usage data for energy management services.
• Virtual Power Plant (VPP)
• GreenUp

Products and services

• Hubgrade Energy Management Centralized energy management service for industrial and institutional clients that records and displays heat and electricity production, sales, and fuel usage data, with online partner access for consumption comparison, system optimization, and cost reduction.
• Cogeneration (CHP) Services Simultaneous generation of heat, electricity, and cooling energy using gas engines, gas turbines, and absorption chillers to achieve economic optimum for operated facilities, applied in 10 major power plants with 46 gas engines operated nationwide.
• Virtual Power Plant (VPP) Digital platform that connects and integrates small power plants, linking their operation to real-time consumer and grid needs, combining 49 gas engines with 120.4 MW total installed capacity for flexible market presence and grid stability services.
• THERMOWATT Wastewater Heat Recovery Patented heat pump technology that recovers heat from municipal and industrial wastewater for building heating and cooling; carbon-neutral solution with patents in 37 countries, offered primarily to institutional, healthcare, and municipal buildings.
• District Heating Services District heating and hot water supply through concession-based subsidiaries in 18 cities with heat production in 35 cities, serving over 400,000 flats and institutions across Hungary under long-term municipal concession contracts.
• Power Plant Operations Electricity and heat production from biomass and natural gas across 10 major power plants in Hungary, including Ajka, Debrecen, Dorog, Gönyű, Kelenföld, Kispest, Kőbánya, Nyíregyháza, Oroszlány, Pécs, Szakoly, and Újpest, providing 5,307 GWh of electricity and 12,314 TJ of heat annually.
• Water Utility Services (Veolia Víz Zrt.) Drinking water production, water and sewer network operation and reconstruction, wastewater treatment, biogas production, and laboratory testing serving over 166,000 customers and 362,000 inhabitants, producing 16 million m³ of drinking water and treating 21 million m³ of wastewater annually.
• Water and Wastewater Technology Solutions (VWS Hungary) Technological solutions and general contracting for industrial wastewater and water treatment with turnkey implementation from design through permitting to construction and commissioning, plus outsourced treatment services for industrial clients.
• Waste Management and RDF/SRF Production Waste management solutions including Solid Recovered Fuel (SRF) production with 25,000 tonnes annual capacity, operated through Veolia Waste Hungary Kft. in cooperation with subsidiaries in Serbia and Slovenia for cross-border waste processing.
• Civil Engineering and Construction Services Construction and reconstruction services for water supply, sewage, stormwater drainage, gas supply networks, district heating systems, and energy production facilities through Veolia Mélyépítő Magyarország Kft., including utility installation and road construction.
• Natural Gas Trading Natural gas trading services through subsidiaries Pannonenergia-Service Kft., Veolia Gas Trade Hungary Zrt., and Budapest Erőmű Zrt., supplying industrial and institutional clients.
• Local Heating Plants (Fűtőművek) Network of local heating plants across 19 Hungarian locations including Ajka, Algyő, Budapest Szilas park, Budaörs, Cegléd, Celldömölk, Dombóvár, Dorog, Érd, Hajdúböszörmény, Hajdúnánás, Mátészalka, Nyergesújfalu, Salgótarján, Siklós, Százhalombatta, Tata, Záhony, and Zirc, producing and distributing heat locally.

Quantifiable outcome

• 5,307 GWh electricity and 12,314 TJ heat energy provided annually
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and minor.

• THERMOWATT Kft.coreStrategic or Co-development PartnerWholly-owned subsidiary of Veolia Energia Magyarország Zrt. specializing in wastewater heat recovery technology. The company offers carbon-neutral solutions for building heating and cooling using patented technology. THERMOWATT holds patents in 37 countries for its innovative heat pump-based systems that extract energy from communal and industrial wastewater.
• CHP-ERŐMŰ Kft.coreStrategic or Co-development PartnerVeolia acquired 51% share of CHP-ERŐMŰ Kft. to become a significant player in the regulatory market. The company contributes to the virtual power plant with gas engine capacity, enhancing flexible production management for grid stability.
• Municipalities (18 cities)coreStrategic or Co-development PartnerLong-term concession partnerships with municipalities for district heating services. Veolia operates district heating in 18 cities through subsidiary companies with concession contracts, serving 400,000+ households. The company has majority ownership in three and minority ownership in three district heating companies.
• Veolia Víz Zrt.coreStrategic or Co-development PartnerWater utility sector of Veolia group responsible for coordination and development activities in Hungary. Establishes operational partnerships in water supply and sewerage services, provides consultancy to municipal partners, and undertakes environmental tasks for industrial companies.
• Veolia Water Solutions & Technologies Magyarország Zrt. (VWS Hungary)coreStrategic or Co-development PartnerSpecializes in technological solutions and general contracting for wastewater and industrial water technology. Offers turnkey implementation from design through permitting to construction and commissioning, as well as outsourced wastewater treatment services.
• Veolia Mélyépítő Magyarország Kft.coreStrategic or Co-development PartnerEngineering and construction subsidiary (formerly SADE Magyarország Mélyépítő Kft. established in 1995). Carries out construction and reconstruction of water supply, sewage, gas supply networks, district heating systems, and power plant facilities.
• Biotera SloveniaminorChannel Partner/ Reseller/ DistributorSubsidiary with more than 20 years of tradition in the Slovenian market for waste collection of various types. Supports waste management solutions in the region through cross-border cooperation.
• Panvita EKOTEH SloveniaminorChannel Partner/ Reseller/ DistributorSpecialized in modern and efficient final processing of organic waste and animal by-products. Produces biogas through digestion, operates cogeneration units producing electricity and heat, and creates high-quality fermentate for agricultural use.
• Pannon Hőerőmű Zrt.coreStrategic or Co-development PartnerOperates biomass-fired power plant in Pécs using agricultural by-products (straw, corn stalk) and energy crops. The plant generates approximately 1,000 TJ heat annually and cuts CO2 emissions by 150,000 tons per annum.
• Budapesti Erőmű Zrt.coreStrategic or Co-development PartnerPower plant in Budapest (Budafoki út 52.) contributing to energy production and district heating services in the capital city.
• CHP-INVEST Kft.minorStrategic or Co-development PartnerSubsidiary operating in Oroszlány with gas engine facilities contributing to virtual power plant capacity and flexible energy production.
• Danubius Erőmű Kft.minorStrategic or Co-development PartnerSubsidiary operating Gönyű power plant contributing to regional energy production and district heating.
• DBM Zrt.minorStrategic or Co-development PartnerPower plant operator in Szakoly contributing to energy production capacity.
• Veolia Gas Trade Hungary Zrt.coreChannel Partner/ Reseller/ DistributorGas trading subsidiary managing natural gas procurement and trading operations for the group.
• Pannonenergia-Service Kft.coreChannel Partner/ Reseller/ DistributorGas trading subsidiary supporting energy trading operations.

Scale indicators20 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• EDF: French state-owned electricity utility with global operations including district heating, nuclear, and renewables. Comparable as a diversified incumbent with regulated returns and decarbonization mandates, though with different technology mix.
• Veolia Environnement SA: Parent company and global environmental services leader with water, waste, and energy operations across 5 continents. Relevant as the parent and capital source, providing shared services, technology development (THERMOWATT), and strategic direction via GreenUp program.
• MVM Group: Hungarian state-owned national electricity utility group controlling generation, transmission, and distribution. Comparable in power generation asset ownership and integrated utility model, with broader footprint and policy-driven mandate.
• RWE AG: Major European utility with significant renewable and conventional generation, district heating exposure, and integrated energy services. Comparable as a broad incumbent in European energy markets, though Hungary presence is limited.

Direct peers

• ENGIE Hungary: Hungarian subsidiary of global energy services group ENGIE, active in district heating, energy services, and B2B energy solutions. Closely comparable to Veolia Hungary in business model, customer mix (municipal, industrial, healthcare), and decarbonization strategy.
• Mátrai Erőmű: Hungarian power plant operator historically running lignite-fired generation, now transitioning under state ownership. Comparable in being a major Hungarian power generation asset base, though concentrated in a single fuel source.
• Dalkia: Veolia Group's own French energy services subsidiary (and now sister company post-recent restructuring) specializing in district heating networks, CHP, and energy efficiency. Highly comparable on operating model, technology stack (including THERMOWATT-style heat recovery), and customer base in district heating.
• E.ON Hungária Zrt. E.ON's Hungarian subsidiary is a multi-utility providing electricity, gas, and district heating services to Hungarian households and businesses. Most directly comparable to Veolia Hungary given overlapping customer base, district heating networks, and energy services portfolio.

Regional players

• Dalkia Česká republika: Czech subsidiary of Dalkia (Veolia-group legacy) operating district heating and energy services in the Czech Republic. Comparable to Veolia Hungary given shared heritage, regional Central European context, and similar district heating concession model.
• Fortum: Nordic-headquartered clean energy company with district heating and CHP operations across Northern, Central, and Eastern Europe. Comparable in district heating business model and biomass/CHP capabilities, though primarily serving different core geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/veoliahungary
• LinkedInlinkedin.com/company/veolia-energia-zrt

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries33 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 Veolia Energia Magyarország Zrt.