What Montel does

Montel AS is a Norwegian-headquartered energy market intelligence provider, founded in Oslo in 1989, that delivers subscription-based data, analytics, news and advisory services to energy professionals across Europe. Its core offerings combine real-time pricing data for power, gas, LNG, carbon, oil, coal and Guarantees of Origin with editorial coverage published in 11 languages, automated forecasting models, and risk analytics. The company serves personas across the energy value chain - traders, analysts, power producers, portfolio and procurement managers, utilities, exchanges, and corporate PPA buyers - with named enterprise users including Uniper, E.ON, Centrica Energy, Danske Commodities, BayWa r.e., EPEX Spot, Nord Pool, Fortum, Axpo, Norsk Hydro, Swissgrid, TenneT and NSG Group.

Montel's product surface is organised as a multi-platform ecosystem built around five pillar platforms - Montel Online/Markets for combined news and prices, EnAppSys for intraday and balancing markets across 30+ European markets, Energy Quantified for fundamentals and forecasts, Montel Syspower for Nordic/Baltic power analysis, and Montel Energy Brainpool for long-term 30-year European power-price scenarios via the Power2Sim model - with shared WebAPI, Excel Feeder and Python interfaces. Underlying technology stack combines proprietary fundamental models (Power2Sim, EMPS), machine-learning-based forecasting launched in 2016 (Montel AI), integration with 20+ energy exchanges, and a 2026 addition of ECMWF's AIFS graph neural network weather model. Pricing is per-seat subscription with annual billing, supplemented by 14-day free trials, a 15-consultant Advisory business, Montel Academy and conferences (notably Nordic Energy Day), PPA benchmarking and asset valuation services.

Montel monetises through (a) per-seat subscription access to its platform ecosystem priced by user counts and platforms selected with annual renewal escalators, (b) fee-based Advisory and consulting engagements delivered by 15 expert consultants, (c) paid conference and training events including Nordic Energy Day and Montel Academy courses, and (d) report and data products such as PPA benchmarks and Guarantees of Origin pricing. The business is run from offices in Oslo (headquarters), Berlin, Frankfurt, Halle, Munich, Stuttgart, London, Stockton-on-Tees, Gothenburg, Stockholm, Helsinki, Trondheim, Madrid, Paris, Istanbul, Terneuzen and Ljubljana (Montel Energetika.NET), operated by approximately 267 employees across 12 countries, and has executed an active acquisition programme since 2017 (Price-IT in 2017; EnAppSys and Energy Quantified in 2023; Energy Brainpool and SKM Market Predictor in 2024) while retaining acquired brand identities under the Montel umbrella.

Name

Montel

Legal name

Montel AS

Website

https://montel.energy

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Montel is a Norwegian-founded (1989) European energy market intelligence provider selling subscription access to integrated pricing, analytics, news and forecasting platforms, plus advisory services, to energy traders, utilities, producers, exchanges and corporate energy buyers across 50+ countries.

Ownership category

akta.pro rank

Product category

Energy Market Intelligence Software

NAICS

Software Publishers (513210), Portfolio Management and Investment Advice (523940), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Consulting Services (8742)

akta.pro primary industry

Pricing, Valuation & P&L (MTM, Curve Building) (EUAGAJAF)

akta.pro secondary industries

Forecasting & AI Optimization for Flexibility (Load/Price/Renewables/SoC) (EUAFAKAH), Forecasting, Bidding & Automated Trading (Weather/Production Forecasts, Algo-Bidding) (EUAMAMAI), Risk Reporting & Performance Management (BI, KPIs, Attribution) (EUAGAJAL), Balancing & Ancillary Services Optimization / Automated Bidding (Algo Trading) (EUAGAKAJ), Dashboarding & KPI/Performance Management (HDAEAMAF)

Keywords

• Energy market intelligence
• Power price forecasting
• European energy data
• PPA market analytics
• Energy trading risk management

Headquarters

HQ city

Skien

HQ country

Norway

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Subscription Access to Energy Intelligence Platforms: Annual subscription-based access to Montel's integrated platform ecosystem (Montel Online, EnAppSys, Energy Quantified, Syspower, Energy Brainpool). Subscriptions are typically calculated per named individual user or per specified number of simultaneous users (seats), with pricing adjusted annually at renewal dates.
2. Advisory and Consulting Services: Fee-based consulting engagements covering fundamental market modelling, trading strategies, BESS revenue evaluation, energy policy studies, procurement services, stochastic price modelling, AI modelling, and business development. Delivered by 15 energy market consultants with hundreds of combined years of experience.
3. Event and Conference Services: Revenue generation from paid conference attendance, courses, webinars, and networking events including Nordic Energy Day, Energy Deep Dives, and Academy training programs.
4. Market Analysis and Reports: Sale of market outlook reports, quarterly power price scenario updates, and specialized analytical products covering European and Nordic-Baltic energy markets.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels11 records

Core offering

Montel provides subscription-based energy market intelligence platforms delivering real-time prices, news, fundamentals, and forecasts for European power, gas, carbon, oil, coal, and environmental markets. Its product ecosystem includes Montel Markets/Online, Montel EnAppSys, Montel Energy Quantified, Montel Syspower, and Montel Energy Brainpool, supported by proprietary Power2Sim and EMPS fundamental models, Montel AI forecasting, and APIs/Excel Feeder for workflow integration. The company also sells advisory consulting services, paid events, and market analysis reports to energy professionals at utilities, exchanges, TSOs, traders, asset managers, and industrial buyers.

Product overview

Montel offers a platform-plus-modules architecture combining multiple specialized products within an integrated energy intelligence ecosystem. The core offerings include Montel Online/Montel Markets (combined news and prices), supported by specialized analytics platforms: Montel EnAppSys (intraday/balancing markets), Montel Energy Quantified (fundamentals/forecasts), Montel Syspower (Nordic/Baltic power analysis), and Montel Energy Brainpool (long-term 30-year scenarios via Power2Sim). These platforms share data APIs, Excel integration, and Python libraries for workflow connectivity. Montel Risk provides portfolio valuation and forward curves, while Montel Advisory offers consulting services including AI modelling, stochastic price modelling, and energy policy studies. Montel PPA Services covers procurement and risk assessment, with complementary data products for carbon, Guarantees of Origin, and BESS revenues. Montel News operates as a separate entry-level editorial service, while Montel Academy delivers educational content. The company grew through acquisitions (Energy Brainpool 2024, SKM/Syspower 2024, EnAppSys 2023, Price-IT 2017) and launched Montel AI in 2016 using machine learning for price and production prediction.

Differentiator

Problem solved

Functional benefit

Brands

• Montel Markets: Real-time prices and news platform for smarter energy decisions
• Montel EnAppSys
• Montel Energy Quantified
• Montel Syspower
• Energy Brainpool
• Montel Risk / Montel PriceIt
• Montel Academy
• Montel News

Products and services

• Montel Markets (also known as Montel Online) Real-time prices and news platform combining spot and futures market data with editorial coverage and price drivers across power, gas, LNG, carbon, oil, coal, and Guarantees of Origin markets worldwide. Designed for energy traders, analysts, and procurement managers at utilities, exchanges, and trading firms.
• Montel EnAppSys Real-time intraday and balancing market data platform providing interactive visualizations, market trend analysis, bespoke reports, and API data feeds for trading opportunity identification across 30+ European energy markets. Designed for intraday traders, balancing market participants, and energy managers.
• Montel Energy Quantified Forecasts and fundamentals platform for European energy markets providing cleaned, curated datasets covering power supply/demand, spot prices, hydrology, REMIT reporting, and fuels. Supports Excel, API, and Python integrations and includes the AIFS weather forecasting model by ECMWF. Designed for analysts and modellers requiring structured historical and forecast data.
• Montel Syspower Nordic and Baltic-focused statistical and fundamental power market analysis platform providing daily/weekly power price forecasts (hourly resolution up to 6 weeks, weekly for 5 years), weather forecasts, and long-term scenario reports. Designed for Nordic and Baltic energy market participants.
• Montel Energy Brainpool Long-term power price scenario platform using the Power2Sim fundamental model delivering 30-year outlooks covering EU27, Switzerland, and the UK. Services include PPA price monitoring, European power plant database, policy studies, battery storage revenue assessments, and green price forward curves. Designed for investors, financial analysts, procurement managers, and policy advisors.
• Montel Risk Portfolio valuation and energy asset analytics product offering price forward curves, asset valuations, scenario simulations, Monte Carlo simulations, and delta hedging. Built on econometric modelling from the Price-It acquisition. Designed for risk and portfolio managers needing hedge optimization and revenue maximization.
• Montel Advisory Energy market consulting service delivered by 15 energy market consultants covering fundamental market modelling, trading and hedging strategies, BESS revenue evaluation, energy policy studies, procurement services, stochastic price modelling, AI modelling, and business development support. Designed for energy companies, investors, and policy stakeholders needing senior expert engagement.
• Montel News Real-time energy market newswire providing live newsfeeds from experienced journalists, daily briefings in 11 languages, and exclusive interviews. Available as a standalone subscription tier with curated entry-level content.
• Montel PPA Services Complete Power Purchase Agreement service covering price benchmarks across 15 European countries, market trends, deal tracker analytics, risk assessments, price monitoring for solar/wind PPAs, and advisory support during negotiations and tenders. Captures over 50,000 data points to define fair PPA valuations.
• Montel Academy Educational program offering conferences (Nordic Energy Day), Energy Deep Dives seminars, courses, webinars, masterclasses, and knowledge resources covering PPA markets, fundamentals, and practical market skills. Designed for energy market professionals across trading, analysis, procurement, and policy roles.

Quantifiable outcome

• 12.1 TWh of renewable energy curtailed in Great Britain and Ireland in 2025 due to transmission infrastructure limitations
• +4 more outcomes

Named customers15 records

Segments9 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability7 records

Feature8 records

Partnerships

15 partnerships are on record, tiered minor and core.

• NAET (Nordic Association for Energy Trading)minorGTM or Marketing Partner · 20 August 2026NAET serves as a Nordic Energy Day partner, supporting the annual conference event organized by Montel. The partnership provides networking opportunities for energy trading professionals across the Nordic region.
• Ung i KraftminorGTM or Marketing Partner · 20 August 2026Ung i Kraft (Youth in Power) partners with Montel Nordic Energy Day to support professional development and networking for young professionals entering the energy sector.
• FortumcoreGTM or Marketing Partner · 20 August 2026Fortum is a flagship partner for Montel Energy Day events. As a major Nordic energy company, Fortum's partnership provides thought leadership content and supports conference programming on Nordic power markets.
• EPEX SpotcoreGTM or Marketing Partner · 20 August 2026EPEX Spot serves as a partner for Nordic Energy Day, contributing expertise on European power market design and trading. CEO Lukas Gresnigt participates as a speaker.
• Nord PoolcoreGTM or Marketing Partner · 20 August 2026Nord Pool, Europe's leading power market, partners with Montel Energy Day. Head of Business Development Anne-Marit Rudby participates as a speaker on Nordic trading topics.
• AxpocoreGTM or Marketing Partner · 20 August 2026Axpo is a partner for Nordic Energy Day, providing senior power market analyst expertise. Riku Merikoski, Senior Power Analyst, participates as a speaker on Nordic power market status.
• ABN AMRO ClearingminorGTM or Marketing Partner · 20 August 2026ABN AMRO Clearing partners with Nordic Energy Day, contributing expertise on energy market clearing and financial services.
• EEX (European Energy Exchange)coreGTM or Marketing Partner · 20 August 2026EEX partners with Montel Nordic Energy Day, providing exchange and market expertise on European energy trading.
• MarexminorGTM or Marketing Partner · 20 August 2026Marex partners with Nordic Energy Day, contributing commodity and energy market expertise to conference programming.
• European AluminiumminorGTM or Marketing Partner · 20 August 2026European Aluminium industry association partners with Nordic Energy Day, representing energy-intensive industries in the European energy market.
• GO2 MarketsminorGTM or Marketing Partner · 20 August 2026GO2 Markets partners with Nordic Energy Day, providing Guarantees of Origin market expertise.
• EnteliosminorGTM or Marketing Partner · 20 August 2026Entelios partners with Nordic Energy Day, contributing energy management and demand response expertise.
• ForekscoreStrategic or Co-development PartnerJoint venture established in 2013 between Montel and Turkish news/financial data provider Foreks. Montel-Foreks provides real-time energy market coverage for Turkey and South Eastern Europe including Azerbaijan, Georgia, Russia, Iraq, Iran, Romania, Bulgaria, and Greece. The partnership combines Montel's international platform expertise with Foreks' local market knowledge.
• NHSTcoreStrategic or Co-development PartnerMontel was originally established in 1994 through a joint venture with NHST (Norwegian media company) to launch news and data products. This foundational partnership established Montel's presence in European energy market intelligence.
• OfgemminorOthersMontel provides analysis on Ofgem's infrastructure investment decisions, specifically £90bn in approved transmission upgrades for National Grid, ScottishPower and SSE to address grid congestion issues.

Scale indicators11 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• ICIS (Independent Commodity Intelligence Services): ICIS, part of LexisNexis Risk Solutions, is a global energy and commodity market intelligence provider offering price assessments, news, and analytics for power, gas, and carbon. It is a direct peer to Montel in European energy price reporting and fundamental analytics, with overlapping customer bases among traders and utilities.
• Pexapark: Pexapark is a European PPA price benchmarking, risk management, and advisory firm for renewable energy. It is a direct peer to Montel's PPA Services, offering comparable European PPA price assessments, risk management tools, and advisory, focused exclusively on the European renewable PPA market.
• Argus Media: Argus Media is a global energy and commodity price reporting agency covering power, gas, coal, carbon, and renewables. It is a direct peer to Montel in European power and gas market intelligence, offering similar subscription price assessments, news, and fundamental analytics, with comparable coverage of European energy markets.
• Energy Aspects: Energy Aspects is an independent energy market research firm providing fundamentals, price forecasting, and analytics for oil, gas, and power markets. It is a direct peer to Montel in fundamental energy market analytics and forecasting, with comparable subscription research and data products for European energy professionals.

Emerging players

• Vortexa: Vortexa provides real-time global energy and freight analytics with a focus on oil, gas, and LNG flows. While it overlaps with Montel in European gas/LNG price data, it is an emerging player with a stronger flow analytics and shipping focus, complementing rather than directly competing across the full power stack.
• LevelTen Energy: LevelTen Energy operates a PPA marketplace and analytics platform for renewable energy procurement, providing price benchmarks, auction data, and deal facilitation. It overlaps with Montel's PPA Services in European renewable PPA pricing and procurement, but with a transactional marketplace model.
• REMIT Insight (Vitol / EDC): REMIT Insight provides transparency data and analytics for European wholesale energy markets, focused on REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) reporting. It is an emerging player in European energy market intelligence with partial overlap to Montel's EnAppSys balancing and short-term market data offerings.

Broad incumbents

• Wood Mackenzie: Wood Mackenzie is a global research and consultancy firm specializing in energy, renewables, and natural resources. It overlaps with Montel's Energy Brainpool long-term power price scenarios, PPA advisory, and policy studies, serving similar utility and investment customers, but with broader upstream/downstream coverage and a heavier consulting model.
• S&P Global Commodity Insights (Platts): S&P Global Platts is the dominant global price reporting agency and energy market data provider, offering real-time prices, news, and analytics for power, gas, coal, LNG, and carbon. It is a broad incumbent that overlaps with Montel across European power and gas price benchmarks, news, and fundamental analytics, but operates at much greater scale across all commodities and geographies.
• BloombergNEF (Bloomberg New Energy Finance): BloombergNEF provides research, data, and analytics on the energy transition, including power markets, renewables, and PPA pricing. It overlaps with Montel in long-term European power scenarios, PPA benchmarks, and decarbonization analytics, but bundles these into a broader cross-commodity research platform anchored by the Bloomberg Terminal.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Montel_Energy
• YouTubeyoutube.com/channel/UCsUeuhxi58h4QCCfoN0JGAw
• Facebookfacebook.com/montel.energy
• LinkedInlinkedin.com/company/montel
• Instagraminstagram.com/montel_energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 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 Montel