What Ixion Energy S.a. does

iXion Energy S.A. is a Greek multi-segment energy company operating across renewable energy project development, EV charging infrastructure, energy efficiency contracting, and energy management services. The company is a spin-off of Volterra AE, itself part of the AVAX Group (a Greek construction and concessions conglomerate with a €2.5 billion backlog and €515 million concessions portfolio), inheriting multi-year expertise in RES licensing, construction, and operation. Its operating asset base includes approximately 69.7MW of installed wind and PV capacity (Kouromantri-Riganolakka 16MW, Likovouni 42.9MW, Ambelia 10.8MW, Bitakos PV 2.7MW), with an additional 50MW/100MWh autonomous battery storage project at Eleon progressing through regulatory approval.

The company monetizes across six revenue streams: (1) RES project development, construction, and ownership including wind, PV, small hydro, and storage; (2) PlugQ eMobility charging services billed per kWh, per hour, per session, plus idle fees, with a self-serve mobile app supporting MasterCard, Visa, American Express, and UnionPay; (3) O&M services for both its own and third-party RES assets; (4) electricity trading plus RES and Demand-Response aggregation in the Balancing Market; (5) Green PPA structuring and Guarantees of Origin certification; and (6) turnkey EPC contracts for PV/net metering, building energy upgrades, LED, HVAC, and EV charging installations targeting industrial facilities, hotels, and commercial buildings. Distribution combines direct enterprise sales, a PlugQ partner/host program anchored by the PolisPark partnership, and self-serve consumer EV charging through the app.

Geographically, iXion operates solely within Greece, serving energy-intensive industrial buyers, hospitality and commercial real estate, third-party RES developers, and EV drivers. It holds regulatory relationships with RAE, ADMIE, and DEDDIE, and is privately held as a Single Member Societe Anonyme under AVAX Group ownership. No independent venture funding, headcount, or revenue disclosures were available in the source data.

Name

Ixion Energy S.a.

Legal name

ΙΞΙΩΝ ΕΝΕΡΓΕΙΑΚΗ ΜΟΝΟΠΡΟΣΩΠΗ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ (IXION ENERGY SOLE PROVISIONAL SOCIETE ANONYME)

Website

https://ixion.gr

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

iXion Energy S.A. is a Greek multi-segment renewable energy company operating RES development, the PlugQ EV charging network, energy efficiency EPC, and energy management services (O&M, Green PPAs, trading). It is a spin-off of Volterra AE within the AVAX Group.

Ownership category

akta.pro rank

Product category

Renewable Energy Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• Renewable energy development
• EV charging networks
• Energy project EPC
• RES operations and maintenance
• Green power purchase agreements

Headquarters

HQ city

Maroussi

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Energy Projects Development: Development, construction, and operation of renewable energy projects including wind farms, photovoltaic parks, small hydroelectric plants, and electricity storage systems. Revenue generated through project ownership, asset operation, and EPC contractor services for third parties.
2. eMobility / PlugQ Charging Services: Revenue generated from EV charging sessions at the PlugQ network, charged per kWh consumed, per hour of connection time, per session, and idle fees. App and account creation are free; customers pay only for charging sessions.
3. Operation & Maintenance (O&M) Services: O&M services for RES projects including real-time monitoring, performance assessment, on-site inspections, equipment maintenance contracts, and emergency breakdown procedures. Provided for both iXion's own projects and third-party projects.
4. Energy Trading & Aggregator Services: Wholesale electricity trading with cross-border exchanges; RES Aggregator services for representing RES stations in the electricity market; Demand-Response Aggregator services for industrial customers in the Balancing Market.
5. Green PPAs and Guarantees of Origin: Revenue from structuring and managing bilateral PPAs between RES producers and energy-intensive industries; fees for Guarantees of Origin (green certificates) issued to residential and corporate customers.
6. Energy Efficiency & EPC Contracts: Turnkey EPC projects for RES, photovoltaic installations, net metering systems, building energy upgrades, LED lighting, and EV charging point installations for industrial, hotel, and commercial customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Ixion Energy develops, constructs, and operates renewable energy projects (wind, photovoltaic, small hydro, battery storage) in Greece and provides a full portfolio of energy services: EPC contracting for industrial, hotel, and commercial customers (net metering PV, building energy upgrades, LED lighting, EV charging installations); O&M of RES assets with real-time monitoring and maintenance; Green Power Purchase Agreements, Guarantees of Origin, and RES/Demand-Response aggregation services for electricity market participation; and the PlugQ EV charging network with mobile app, public stations, and corporate fleet solutions across Greece.

Product overview

iXion Energy operates as a multi-service energy company offering four interconnected business segments: (1) Energy Projects covering development, construction, and operation of RES projects including wind farms, photovoltaic parks, and battery storage; (2) PlugQ eMobility providing EV charging infrastructure and mobile app services for public and corporate fleets; (3) Energy Efficiency & EPC delivering turnkey renewable energy projects, net metering photovoltaics, and building energy upgrades; and (4) Energy Management offering O&M services, green PPAs, Guarantees of Origin, and electricity trading/aggregator services. The company is a spin-off of Volterra AE, part of the AVAX group, leveraging their multi-decade experience in renewable energy development.

Differentiator

Problem solved

Functional benefit

Brands

• PlugQ: Electric vehicle charging network service providing public charging points and corporate fleet management solutions throughout Greece.

Products and services

• PlugQ eMobility Network Public and private EV charging network across Greece with a mobile app for locating chargers, starting and stopping sessions via QR scan, real-time availability, and payment via MasterCard, Visa, American Express, UnionPay, or PlugQ Wallet. Targets individual EV drivers and corporate fleets through PlugQ Business installations.
• Energy Management and O&M Operation and maintenance services for renewable energy projects with real-time monitoring, performance assessment, on-site inspections, and equipment maintenance contracts. Provided for both iXion-owned assets and third-party RES projects across Greece.
• Green Power Purchase Agreements (Green PPAs) Bilateral electricity supply agreements between RES producers and industrial or commercial energy consumers, with fixed pricing and long-term supply duration, giving industrial buyers long-term electricity cost stability and green supply certainty.
• Guarantees of Origin (Green Certificates) Certification service proving that consumed electricity corresponds to equal energy from renewable sources, enabling businesses to certify 100% green energy consumption and participate in European GO markets for ESG and sustainability reporting.
• RES and Demand-Response Aggregator Services Wholesale electricity trading with cross-border exchanges, RES Aggregator services with AI-based production forecasting for market representation, and Demand-Response Aggregator services providing industrial customers automated demand shifting and Balancing Market participation.
• EPC (Energy Performance Contracting) Turnkey project execution covering techno-economic feasibility studies, licensing, equipment supply, and installation for renewable energy projects, including photovoltaic systems, wind farms, and energy storage. Targets industrial facilities, hotels, and commercial buildings under direct EPC contracts.
• Net Metering Photovoltaics Photovoltaic system installation enabling consumers to offset produced and consumed energy through net metering. Includes both on-grid and off-grid solutions for residential, commercial, and industrial customers seeking to reduce grid consumption and benefit from self-generation.
• Building Energy Efficiency Upgrades Energy saving services for industrial buildings, public buildings, and residences including frame replacement, thermal insulation, HVAC upgrades, LED lighting, automation systems, and EV charging point installation.
• Wind Farm Projects Development, construction, and operation of wind farm projects including licensing, environmental studies, civil and electrical/mechanical works, and project management. Total installed wind capacity of 69.7MW across Greece (Kouromantri-Riganolakka 16MW, Likovouni 42.9MW, Ambelia 10.8MW) plus Melissovouni 27MW in development.
• Photovoltaic Projects Development and construction of solar photovoltaic parks including the Bitakos PV park (2.7MW in Viotia) with inverter installation, substation construction (20/150kV), and underground MV cable systems.
• Energy Storage Projects Battery storage plant development for grid stabilization and renewable energy integration. Autonomous storage system at Eleon (50MW power with 100MWh storage capacity) received Environmental Conditions Approval and is progressing toward Final Connection Offer from ADMIE.

Quantifiable outcome

• 50MW/100MWh storage project received Environmental Conditions Approval and progressing toward grid connection (ADMIE)
• +1 more outcomes

Named customers4 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

Integration4 records

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• BOUSSIASminorGTM or Marketing Partner · 27 November 2023iXion acted as a Supporter at the 4th Electric Vehicles Conference organized by BOUSSIAS. This partnership provides visibility among Greek EV industry stakeholders and decision-makers, supporting iXion's PlugQ eMobility brand positioning.
• energypress.grminorGTM or Marketing Partner · 27 November 2023iXion was Bronze Sponsor at the 5th Renewable & Storage Forum by energypress.gr. This sponsorship arrangement provides brand visibility, thought leadership opportunities, and networking access within Greece's renewable energy sector.
• PolisParkminorChannel Partner/ Reseller/ DistributorPolisPark is a parking facility operator that hosts PlugQ electric vehicle charging stations at its parking locations. iXion expands its public charging network through this partnership, providing EV charging access at PolisPark sites across Greece.
• DEDDIE (Hellenic Electricity Distribution Network Operator)coreOthersDEDDIE (Διαχειριστής Ελληνικού Δικτύου Διανομής Ηλεκτρικής Ενέργειας Α.Ε.) is the state-mandated Distribution Network Operator for Greece. iXion's EV charging network and energy services depend on DEDDIE's distribution infrastructure. The eMobility service can be interrupted by DEDDIE to ensure proper electricity network operation.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Terna Energy: Greek-listed renewable energy independent power producer developing, constructing, and operating wind, hydro, PV, and storage assets. Terna Energy is the closest direct peer to iXion by geography, technology mix (wind + PV + storage), and full-lifecycle business model (development, EPC, O&M, PPAs).
• Lightsource bp: Global utility-scale solar developer and operator (backed by bp) developing, financing, and operating PV and storage projects, including in southern Europe. Highly comparable to iXion's PV and storage development model and bilateral PPA structuring with industrial offtakers.

Broad incumbents

• Statkraft: Norwegian state-owned renewable energy generator and one of Europe's largest hydro/wind operators, active across southern Europe including Greece. Comparable as a multi-technology RES developer with hydropower, wind, and market access capabilities overlapping iXion's aggregation and trading offering.
• RWE Renewables: European utility-scale renewables developer and operator with active Greek wind and PV projects. Comparable as a multi-technology RES developer pursuing Greek PPA opportunities, though backed by a much larger European balance sheet and broader geographic footprint.
• Hellenic Petroleum (ELPE) Renewables: Renewables arm of Greece's largest oil refiner, active in wind, PV, and storage development with a strategic push into eMobility. Direct competitor in Greek RES auctions and PPAs, and broader energy-transition peer given overlapping customer base of energy-intensive industrials.
• EDF Renewables: Renewables arm of EDF Group, developing and operating wind, PV, and storage across Europe with growing Mediterranean presence. Comparable as a multi-technology RES developer and PPA offtake counterparty competing for the same Greek industrial customers iXion targets.
• Motor Oil Renewable Energy (MORE): Renewable energy subsidiary of Motor Oil Hellas, developing wind, PV, and storage projects in Greece. Comparable to iXion in combining industrial parent backing, RES development, and EV charging exposure, but at materially larger scale and with a listed-parent funding base.
• Enel Green Power: Global renewables arm of Enel Group operating one of the largest RES portfolios in Greece and southern Europe. Competes directly with iXion in Greek wind and PV tenders and is a major counterparty reference point for bilateral PPAs with industrial offtakers.
• PPC Renewables (DEI Green): Renewables subsidiary of Public Power Corporation (Greece's incumbent utility), operating one of the largest Greek RES portfolios across wind, PV, and hydro. Competes with iXion for Greek PPA customers and grid-scale storage opportunities, with substantially deeper balance sheet and offtake reach.

Emerging players

• Masdar (Abu Dhabi Future Energy Company): UAE-based global renewables developer with active investments in Greek wind and storage assets through partnerships (e.g., with Terna Energy). Comparable to iXion as a non-incumbent, multi-technology RES developer pursuing Greek market entry and PPA opportunities, though backed by sovereign capital.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@iXionEnergySA
• Facebookfacebook.com/profile.php?id=100094664931765
• LinkedInlinkedin.com/company/ixion-energy-sa
• Instagraminstagram.com/ixion_energy

Revenue estimate

Valuation estimate

Number of profiles

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 Ixion Energy S.a.