Grenevia

What Grenevia does

Grenevia S.A. is a Polish publicly listed holding company (Warsaw Stock Exchange ticker: GEA) headquartered in Katowice, Poland, that invests in green transformation projects across renewable energy, battery systems, power distribution, and mining/wind equipment. The company was created through the 2023 rebranding of FAMUR S.A., a Polish mining machinery company with over a century of heritage, and is controlled by holding company TDJ S.A. Grenevia operates four independent business segments: FAMUR (mining machinery and wind energy services, including the FAMUR Gearo brand for wind turbine gearboxes), IMPACT Clean Power Technology (battery systems for electric buses, rail, off-highway vehicles, and stationary storage, operating the GigafactoryX facility in Pruszków), Projekt-Solartechnik (PST, large-scale PV project development across Poland, Germany, Romania, France, and Spain with a ~4.2 GW pipeline), and Elgór+Hansen (intelligent power distribution, transformer stations, and industrial automation).

The company's revenue model is hardware- and project-based B2B industrial sales. FAMUR generated PLN 1.116 billion in 2023 from equipment sales plus a growing recurring aftermarket and leasing stream (PLN 743 million, +25% YoY). IMPACT sells battery systems to OEMs such as Solaris, Alexander Dennis Limited, and Voith under multi-year framework agreements (revenue PLN 335M in 2023, with 32% export share). PST develops and sells PV projects at various stages and sells energy under PPA/cPPA contracts (PLN 78M revenue in 2023, with a PLN 210M portfolio sale to KGHM closed in February 2024). Elgór+Hansen sells transformer stations and automation solutions, including intragroup supply to PST (PLN 162M revenue, PLN 52M from Grenevia synergies, PLN 263M in contract wins). Group revenue reached PLN 1.644 billion in 2023 (+27% YoY) with PLN 414 million EBITDA (25% margin) and PLN 144 million net profit. Pricing is quote-based enterprise contracting with no disclosed public pricing.

Name

Grenevia

Legal name

Grenevia S.A.

Website

https://grenevia.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Grenevia S.A. is a Polish publicly listed green-transformation holding company operating four segments: FAMUR (mining/wind equipment), IMPACT (battery systems), PST (large-scale photovoltaics), and Elgór+Hansen (power distribution). It serves industrial enterprises, EV manufacturers, renewable energy developers, and stock market investors seeking green-transition exposure.

Ownership category

akta.pro rank

Headquarters

HQ city

Katowice

HQ country

Poland

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. FAMUR Segment - Mining and Wind Energy Equipment: Sales of mining machinery and equipment, wind energy solutions, and aftermarket services including parts, repairs, and leasing of combined cutter loaders. Revenue from FAMUR segment was PLN 1.116 billion in 2023. Recurring revenue from aftermarket and leases increased by PLN 148 million (+25%) year on year to PLN 743 million.
2. IMPACT - Battery Systems and E-Mobility: Sales of battery systems for electric buses, rail transport, off-highway machinery, and stationary energy storage. Revenue from e-mobility segment was PLN 335 million in 2023 with 32% export sales to Europe. GigafactoryX expansion to increase production capacity from 0.6 GWh to 1.2 GWh annually.
3. PST - Photovoltaic Project Development and Sales: Development and sale of PV projects at various stages. Sells packages of finished PV projects and energy under PPA/cPPA contracts. Sold portfolio of PV projects (~50 MW) to KGHM for ~PLN 210 million. Revenue from PV segment was PLN 78 million in 2023.
4. Elgór+Hansen - Power Distribution Solutions: Sales of transformer stations, automation equipment, and control systems for mining and renewable energy sectors. Secured contracts totaling PLN 263 million in 2023. Revenue was PLN 162 million with PLN 52 million from synergies within Grenevia Group.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

Grenevia is an industrial holding company that, through four independent segments, manufactures mining machinery and wind energy equipment (FAMUR), produces battery systems for electric buses, rail vehicles and stationary storage (IMPACT), develops and sells large-scale photovoltaic projects and energy under cPPA/PPA contracts (PST), and delivers intelligent transformer stations, power distribution and industrial automation (Elgór+Hansen). It also provides aftermarket services, leasing, and wind turbine gearbox repair and replacement.

Product overview

Grenevia operates as an investment holding company focused on green transformation, offering stock market investors exposure to growth companies in the renewable energy megatrend. The portfolio consists of four independent segments: (1) Projekt-Solartechnik (PST) for large-scale photovoltaics and wind farm development, (2) IMPACT Clean Power Technology for battery systems and electromobility, (3) Elg\u00f3r+Hansen for intelligent power distribution and automation solutions, and (4) FAMUR for mining equipment and wind energy services (including FAMUR Gearo brand). The company also owns PST Trade for energy trading and acquired Total Wind PL for wind turbine services. This is a platform of industrial product companies, not a unified software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• FAMUR Mining and Wind Energy Equipment Equipment and solutions for mining and wind energy industries, covering underground construction machinery, combined cutter loaders (sold and leased) and wind turbine gearbox repair, assembly and maintenance; serves global mining operators and wind turbine owners.
• IMPACT Battery Systems for E-Mobility and Stationary Storage Battery systems and modules for electric buses, rail vehicles, off-highway machinery and stationary energy storage, produced at the GigafactoryX facility in Pruszków; sold under multi-year framework agreements to OEMs such as Solaris, Alexander Dennis Limited and Voith.
• Projekt Solartechnik (PST) Photovoltaic Project Development and Sales Development, construction and sale of utility-scale photovoltaic projects at multiple stages (early stage, RTB, COD forward sales, COD), plus land leasing for solar farms and wind power plants; operates across Poland, Germany, Romania, France and Spain.
• Elgór + Hansen Transformer Stations and Industrial Automation Intelligent power supply, transmission and distribution solutions including containerized transformer stations for large-scale renewable energy installations, ATEX-certified solutions for explosive hazardous zones, and automation and control systems for industry and mining.
• FAMUR Gearo Wind Energy Solutions Wind energy solutions brand consolidating FAMUR segment activities for the wind sector: gears for wind turbines, gearbox repairs, maintenance, monitoring systems, technical consultancy, and turbine component replacement.
• Total Wind PL Wind Turbine Installation and Maintenance Services Wind turbine installation, repair and replacement of major components for key turbine manufacturers, with 18 years of experience and more than 1,000 installed wind turbines across 10 countries.
• PST Trade Green Energy Sales Energy trading on local and wholesale markets; sells green energy produced by PST photovoltaic projects under corporate PPA (cPPA) and PPA contracts to commercial offtakers.

Quantifiable outcome

• PLN 1.644 billion revenue in 2023 (27% increase YoY)
• +5 more outcomes

Named customers6 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

Feature4 records

Partnerships

Seven partnerships are on record, tiered strategic, core and major.

• Polska Grupa Zbrojeniowa SAstrategicStrategic or Co-development Partner · 5 September 2025Signed letter of intent for cooperation between Polska Grupa Zbrojeniowa SA and Grenevia SA in September 2025.
• KGHMcoreStrategic or Co-development Partner · 1 February 2024Preliminary agreement to sell PV projects portfolio with total capacity of approximately 50 MW. Transaction value approximately PLN 210 million. Closed and settled in February 2024.
• SolariscoreChannel Partner/ Reseller/ DistributorIMPACT's key customer for electric bus battery systems. Framework agreements for cyclical deliveries for 2024-2026. Solaris has won multiple tenders to supply buses to European cities including Italy, Serbia, and Austria.
• Alexander Dennis Limited (ADL)coreChannel Partner/ Reseller/ DistributorGlobal leader in design and manufacture of double-decker buses. IMPACT began working with ADL for battery supplies. Serial production planned for 2023-2024. First major Asian market order secured through Hong Kong tender.
• VoithmajorChannel Partner/ Reseller/ DistributorFramework agreements for cyclical deliveries of battery systems established with Voith.
• FreyrmajorTechnology or IntegrationCooperation agreement signed as part of European Supply Chain strategy to diversify supplier base and ensure stability in battery component supply chain.
• LG Energy SolutionmajorTechnology or IntegrationCooperation agreement signed as part of European Supply Chain strategy to diversify battery component suppliers beyond China.

Scale indicators19 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• LG Energy Solution: Korean global battery manufacturer and one of the largest Li-ion producers worldwide. Existing Grenevia/IMPACT technology partner under European Supply Chain strategy, and broad incumbent in the e-mobility battery market IMPACT addresses.
• Vestas: Danish global leader in wind turbine manufacturing, installation, and service. Comparable to FAMUR Gearo's wind energy services, gearbox refurbishment, and Total Wind PL's turbine installation capabilities.
• ABB: Swiss-Swedish multinational in electrification, automation, and power distribution. Comparable to Elgór+Hansen's transformer stations, power automation, and ATEX solutions for industrial and renewable energy clients.
• Iberdrola: Spanish global renewable energy leader with large-scale PV and wind development pipelines. Comparable to PST's utility-scale PV project development and energy trading/PPA business across European geographies.

Direct peers

• Epiroc: Swedish mining and infrastructure equipment manufacturer spun off from Atlas Copco. Direct competitor to FAMUR in underground mining equipment, drill rigs, and loaders, with a parallel transition toward electrification and automation.
• Komatsu: Japanese global manufacturer of construction and mining equipment. Comparable to FAMUR's mining machinery portfolio, including hydraulic excavators and underground loaders.
• FREYR Battery: Norwegian-American battery cell developer building gigafactories in Europe and the US. Direct peer to IMPACT and an existing Grenevia technology partner under the European Supply Chain strategy.
• Sandvik: Swedish global leader in mining and rock excavation equipment, cutting tools, and materials technology. Directly comparable to FAMUR's underground mining machinery business and aftermarket services.
• Northvolt: Swedish battery cell manufacturer focused on European e-mobility and energy storage. Direct peer to IMPACT in lithium-ion battery systems for EVs and stationary storage, with similar gigafactory scaling ambitions.
• Acciona Energía: Spanish renewable energy developer and IPP operating across wind, PV, and storage in Europe, Latin America, and other markets. Direct peer to PST's PV project development, sale, and PPA/cPPA business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/grenevia
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/grenevia
• YouTubeyoutube.com/channel/UCzNdBxR0lMZg8d9WGMcE6QA
• TikToktiktok.com/@grenevia

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries8 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 Grenevia