Veni Energy
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Veni Energy - overview
Established
1995
Location
Drammen, -, Norway
Primary Industry
Energy Storage & Batteries
About
Veni Energy, based in Norway, delivers tailored energy solutions across the Nordic region, Germany, and Spain, focusing on electricity procurement, energy audits, and metering services to enhance efficiency and cost-effectiveness for businesses. Founded in 1995 in Drammen, Norway, Veni Energy specializes in comprehensive energy management solutions. The company has consistently focused on optimizing energy usage for businesses, with no reported changes or pivots in its core business strategy. Veni Energy was established by individuals with a vision for improving energy efficiency in commercial settings, further solidifying its mission in the energy sector.
Veni Energy Group specializes in providing comprehensive energy solutions tailored for businesses across the Nordic region, Germany, and Spain. The company offers services such as electricity procurement to secure lower energy costs, energy audits for tax optimization, and metering services that ensure accurate energy billing. These solutions cater to over 45,000 customers, including commercial tenants and corporations, enhancing energy efficiency and reducing costs associated with energy taxes. Veni Metering, a key subsidiary, plays a vital role in facilitating metering and billing for more than 10,000 tenants in commercial buildings, contributing to the company's operational framework in established markets like Finland, Sweden, Norway, Germany, and Spain.
In 2022, Veni Energy Group reported a revenue of USD 202. 38 mn, with an EBITDA of -USD 400,846. 4. The company generates revenue through structured agreements with clients, including B2B contracts for electricity procurement and metering services, alongside energy audit services that assist businesses in compliance with energy tax regulations, potentially leading to refunds for overpayments.
Veni Energy is focused on expanding its market presence in Europe, particularly targeting new clients in additional regions by the end of 2024. The company is also developing new energy management products designed to enhance efficiency and reduce costs, with anticipated launches occurring in the near future. Recent funding will support these initiatives, ensuring the company can effectively implement its strategies for growth and improved service offerings.
Primary Industry
Energy Storage & Batteries
Sub Industries
Renewable Energy, Energy Storage & Batteries
Website
www.venienergy.com/
Total Amount Raised
Subscriber access only
Veni Energy - timeline of key events
Veni Energy - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 261,539,000 | 662,522,000 | 873,463,000 | 892,281,000 | 746,044,000 | 1,160,871,000 | - | - | - |
| % Revenue Growth (YoY) | - | 153.3% | 31.8% | 2.2% | (16.4%) | 55.6% | - | - | - |
| EBITDA (USD) | 2,172,000 | 145,211,000 | 172,407,000 | 187,767,000 | 208,416,000 | 249,306,000 | - | - | - |
| Operating Income (USD) | (50,588,000) | 43,470,000 | 46,613,000 | 60,359,000 | 79,235,000 | 118,455,000 | - | - | - |
| Operating Margin | (19.3%) | 6.6% | 5.3% | 6.8% | 10.6% | 10.2% | - | - | - |
| % EBITDA Margin | 0.8% | 21.9% | 19.7% | 21.0% | 27.9% | 21.5% | - | - | - |
| NET Income (USD) | (81,597,000) | (18,753,000) | (26,063,000) | (1,892,000) | (54,886,000) | 71,955,000 | - | - | - |
| % Net Margin | (31.2%) | (2.8%) | (3.0%) | (0.2%) | (7.4%) | 6.2% | - | - | - |
Veni Energy - employee data
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