Verdo
Verdo is a Danish consumer-governed energy cooperative (founded 1874) that builds biomass, straw, and waste-to-energy plants, operates regulated electricity, water, and district heating utilities serving 150,000+ customers, and delivers EV charging and carbon-trading services across Denmark, Poland, and Norway.
- Company typePrivate
- Founded1874
- HeadquartersRanders, Denmark
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Verdo does
Verdo is a Danish energy group founded in 1874, headquartered in Randers, operating as a privately held consumer-governed cooperative (a.m.b.a.). The group operates across four integrated business lines: (1) energy plant development and construction through Verdo Energy Systems, delivering turnkey biomass-fired boilers (BioMaster series, 1-15 MW), straw-fired boilers (Strawmaster, >91% efficiency), waste-to-energy plants (4-15 MWt), and mobile/containerized units (250 kW to 5 MW) to municipalities and industrial clients; (2) regulated utility supply of electricity, water, and district heating to 150,000+ customers in Denmark via owned network infrastructure; (3) recurring service, 24/7 monitoring, and O&M for installed energy plants across European markets; and (4) EV charging solutions through Verdo Go Green, including e-commerce hardware sales and a subscription-based Premium solution for housing associations. The underlying technology stack combines proprietary combustion engineering with an intelligent control system that optimizes firing across variable-moisture biomass fuels, integrated with heat pumps, flue gas condensation, and solar assets. Revenues mix one-time project contracts with recurring utility and service streams. Geographically the group is anchored in Denmark with regional operations in Poland and Norway, and minority carbon-trading stakes in Norway (Carbon Partners AS) and the USA (Carbon Partners, Inc.).
Verdo firmographics
Firmographics- Name
- Verdo
- Legal name
- Verdo a.m.b.a.
- Website
- https://verdo.com
- Company type
- Private
- Founded year
- 1874
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Verdo is a Danish consumer-governed energy cooperative (founded 1874) that builds biomass, straw, and waste-to-energy plants, operates regulated electricity, water, and district heating utilities serving 150,000+ customers, and delivers EV charging and carbon-trading services across Denmark, Poland, and Norway.
- Ownership category
- akta.pro rank
Verdo industry classification
Industry- Product category
- District Heating and Energy Plant Services
- NAICS
- Biomass Electric Power Generation (221117), Electric Power Generation, Transmission and Distribution (2211), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Cogeneration Services & Small Power Producers (4991), Heating Equipment, Except Electric & Warm Air Furnaces (3433), Engines & Turbines (3510)
- akta.pro primary industry
- District Energy Biomass Plants (Heating Networks) (EUAAAGAB)
- akta.pro secondary industries
- Biomass Combustion & Boiler Island Technology (Grates, Fluidized Bed, Burners) (EUAAAGAG), Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)
Keywords
Where Verdo is headquartered
LocationHeadquarters
- HQ city
- Randers
- HQ country
- Denmark
- HQ region
- Europe
Offices2 records
Markets served
Verdo business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Energy Plant Development and Construction: Design, delivery, and commissioning of turnkey energy plants including waste-to-energy, biomass-fired, and boiler plants for district heating and industrial applications. Revenue generated through project-based contracts with municipalities, district heating companies, and industrial clients.
- Service and Operations: O&M agreements, service level agreements, monitoring services, and maintenance for energy plants. Remote monitoring 24/7/365 with qualified control room staff.
- Utility Supply (Electricity, Water, Heating): Supply of electricity, water, and district heating to over 150,000 private and business customers in Denmark. Revenue from utility service provision.
- EV Charging Solutions: Sale and rental of charging stations, charging accessories, and related services through Verdo Go Green subsidiary. Includes Premium ladeløsning (charging solution) for residential complexes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | EV Charging Equipment - Purchase |
| Subscription | Monthly | Premium Charging Solution - Subscription |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Verdo product offering
Product offeringCore offering
Verdo designs, builds, and operates green energy plants (waste-to-energy, biomass-fired, straw-fired, boiler, and mobile containerized plants) for district heating companies, municipalities, and industrial clients across Europe. The company also supplies electricity, water, and district heating to over 150,000 customers in Denmark, and delivers EV charging solutions and related equipment through its Verdo Go Green subsidiary.
Differentiator
Problem solved
Functional benefit
Brands
- BioMaster: Biomass-fired boiler product line with capacities from 1MW to 15MW, designed for firing with wood pellets, woodchips or straw.
- Verdo Strawmaster
- Verdo Waste to Energy
Products and services
- Waste to Energy Plants
- BioMaster Biomass Boiler Series
- Mobile Energy Plants
- Strawmaster Boiler
- Intelligent Control System
- District Heating Supply
- Electricity Supply
- Water Supply
- EV Charging Solutions (Verdo Go Green)
- Service and Operation (O&M)
- Boiler Plants
Quantifiable outcome
- 99.3% CO2 reduction since 2009 at Verdo's CHP plant
- +6 more outcomes
Companies that use Verdo
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Verdo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Verdo partnerships and signals
Strategic signalScale indicators9 records
Recent moves1 record
Expansion highlights6 records
Verdo competitors and assessment
Company assessmentBroad incumbents
- Ørsted: Danish-headquartered global energy company with district heating operations alongside renewable power generation. Comparable to Verdo as a Danish-rooted utility with regulated and commercial energy activities, though with a much larger renewable generation portfolio.
- Babcock & Wilcox: Global boiler and energy plant EPC firm with significant biomass and waste-to-energy capabilities. Comparable to Verdo as a broad incumbent in thermal energy plant construction and servicing, though at a larger scale and broader fuel mix.
- Dalkia (EDF Group): Major European district heating and energy services operator owned by EDF. Comparable to Verdo as a multi-country district heating and energy services provider, though at substantially larger scale and broader geographic footprint.
- Metso: Finnish industrial company with significant biomass and waste-to-energy boiler and plant capabilities following its merger with Outotec. Comparable to Verdo as a supplier of biomass-fired energy plants and related services for the European heating and power market.
- Fortum: Finnish-Nordic energy company operating district heating and combined heat and power assets. Comparable to Verdo in the Nordic district heating and biomass CHP segments, with larger scale and broader European footprint.
- Valmet: Finnish global leader in biomass-fired boiler islands and energy plant technology. Competes with Verdo's Energy Systems division for large-scale biomass and waste-to-energy plant EPC contracts across Europe and globally.
- Andritz: Austrian industrial group with a major biomass boiler and power plant division. Competes with Verdo in biomass-fired combined heat and power and waste-to-energy plant deliveries, especially for larger utility-scale projects.
Regional players
- Affärsverken: Swedish municipal energy company providing district heating, electricity, water, and broadband. Comparable to Verdo as a Nordic multi-utility with biomass-based district heating, though focused on the Karlskrona region of Sweden.
Direct peers
- Justsen Energiteknik: Danish biomass boiler and energy plant specialist focused on straw, wood chips, and waste-to-energy projects. Directly competes with Verdo in the Nordic district heating EPC market with overlapping fuel-handling and boiler island capabilities.
- Linka Energy: Danish manufacturer of biomass-fired boiler plants and heating systems with capacities overlapping Verdo's BioMaster and Strawmaster ranges. Comparable as a direct competitor for biomass district heating plant EPC across Scandinavia and Northern Europe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Verdo social profiles
Digital presenceVerdo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verdo leadership team
Management profileNumber of profiles
Profiles15 records
Verdo subsidiaries and ownership
Company hierarchySubsidiaries17 records
Verdo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verdo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verdo
What does Verdo do?
Verdo designs, builds, and operates green energy plants (waste-to-energy, biomass-fired, straw-fired, boiler, and mobile containerized plants) for district heating companies, municipalities, and industrial clients across Europe. The company also supplies electricity, water, and district heating to over 150,000 customers in Denmark, and delivers EV charging solutions and related equipment through its Verdo Go Green subsidiary.
Is Verdo a public or private company?
Verdo is a private company. It is classified as management employee owned and is currently operating.
When was Verdo founded?
Verdo was founded in 1874. It employs 501 to 1,000 people.
Where is Verdo based?
Verdo is headquartered in Randers, Denmark, in the Europe region.
How does Verdo make money?
Four revenue lines are on record. Energy Plant Development and Construction is the primary driver. The others are service and Operations, utility Supply (Electricity, Water, Heating) and EV Charging Solutions.
Who are Verdo's main competitors?
Broad incumbents on record are Ørsted, Babcock & Wilcox, Dalkia (EDF Group), Metso, Fortum, Valmet and Andritz. Affärsverken is listed as a regional player. Direct peers are Justsen Energiteknik and Linka Energy.
Does Verdo have an API?
No public API is recorded for Verdo.
What industry is Verdo in?
Verdo's product category is District Heating and Energy Plant Services. Its primary akta.pro industry code is EUAAAGAB, District Energy Biomass Plants (Heating Networks), with a secondary code of EUAAAGAG, Biomass Combustion & Boiler Island Technology (Grates, Fluidized Bed, Burners). Its NAICS code is 221117 and its SIC code is 4991.