MVV Energie

Last updated
MVV Energie AG
Type Public (Aktiengesellschaft)
Industry Energy supply
FoundedMarch 1999
Headquarters,
Germany
Key people
Georg Müller
(CEO)
Peter Kurz
(Supervisory board)
Number of employees
6,200
Website www.mvv.de
MVV-Hochhaus, headquarters in Mannheim Mannheim MVV Zentrale 20100809.jpg
MVV-Hochhaus, headquarters in Mannheim

MVV Energie AG (English: MVV Energy) is a publicly listed company based in Mannheim and one of Germany's leading energy suppliers, operating in both Germany as well as Europe.

Contents

The value chain of MVV Energie AG covers: generation, trading, distribution via proprietary grids, energy sales and other innovative energy-related services. The group also belongs to Germany’s leading company in generating energy from biomass and waste.

History and shareholder structure

In 1974, the state-owned Mannheimer Stadtwerke was outsourced in Mannheimer Versorgungs- und Verkehrsgesellschaft mbH (MVV), today MVV GmbH. The individual branches of the industry were divided into various subsidiaries, one of which was Stadtwerke Mannheim AG (SMA). In 1998, SMA was renamed as MVV Energie.

In March 1999, the company became the first municipal company partially privatized through an IPO, with a free float of just 4.8 percent of its equity. [1] The City of Mannheim is the majority shareholder since then. In October 2007, the RheinEnergie in Cologne acquired a share of 16.1% from the city Mannheim. As a result, the shareholder structure looked as follows in February 2015:

50.1% city Mannheim (indirectly via MVV GmbH)
16.3% RheinEnergie
22.5% EnBW
6.3% GDF Suez
4.8% Free Float

In 2017, EnBW bought a 6.28 percent stake in MVV Energie from French energy group Engie, increasing its holding to 28.76 percent. [2] In 2019, both EnBW and RheinEnergie decided to sell their holdings of 45.1 percent in MVV Energie; [3] [4] Australian infrastructure investor First State Investments eventually bought it for 753 million euros ($816 million) in 2020. [5]

From 1999 to 2013, the company belonged to the SDAX.

Investments

MVV Energie holds shares in Stadtwerke Kiel (51.0%), Energieversorgung Offenbach (48.5%), Stadtwerke Ingolstadt (48.4%), Stadtwerke Buchen (25.1%), Köthen Energie (100%) as well as Stadtwerke Sinsheim (30.0%), Walldorf (25.1%) and Schwetzingen (10.0%). The company holds shares in 16 district heating companies in the Czech Republic.

In Mannheim MVV Energie holds total shares of 28% in the power plant (GKM).

Since October 2014, the 100% subsidiary Windwärts Energie GmbH has been responsible for wind turbines' projects of the MVV Energie.

End of 2014, in term of a capital increase MVV Energie acquired 50.1% shares of the project development company Juwi.

In November 2014, the Beegy GmbH was founded as a joint venture of MVV Energie with the Munich trade and services group BayWa r.e., the Irish heating and cooling system manufacturer Glen Dimplex and the Munich-based software specialist GreenCom Networks. BEEGY provides services and products for smart, decentralized energy management.

Current investments

MVV Environment Ltd., a subsidiary of MVV Umwelt GmbH, is currently building in the British Plymouth a waste incineration plant, which will go into operation in 2015.

In Ridham Dock by Sittingbourne (Kent), MVV Environment Ltd. builds a biomass power plant, which will also be completed in 2015.

After the biomethane plant in Klein Wanzleben (2012), since 2014 a second biomethane plant in Kroppenstedt (both Saxony-Anhalt) has fed a sustainably produced biomethane into the natural gas grid.

A third plant of the group in Staßfurt (Saxony-Anhalt) is put into operation 2015.

Related Research Articles

EnBW Energie Baden-Württemberg AG, or simply EnBW, is a publicly-traded energy company headquartered in Karlsruhe, Germany. As its name indicates, EnBW is based in the German state of Baden-Württemberg.

Innogy SE was an energy company based in Essen, Germany. It is now merged and integrated into German energy company E.ON.

Steag GmbH, the former "Steinkohlen-Elektrizität AG" is a German power company. As of 2022, it is Germany’s fifth largest utility. It operates also in the field of transport, processing and distribution of hard coal, coke and byproducts from coal processing, as also in the field of gas supply, transport and trading.

Verbund AG, formerly known as Verbundgesellschaft or Österreichische Elektrizitätswirtschafts-AG, is Austria's largest electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from hydro power. In addition, Verbund operates the supraregional power grid through its subsidiary APG. Verbund AG is listed on the Vienna Stock Exchange and in the ATX, the key index of Austrian stock-listed companies. The largest shareholder, at 51%, is the Republic of Austria.

<span class="mw-page-title-main">Engie</span> French multinational utility company

Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum.

<span class="mw-page-title-main">Solar Millennium</span>

Solar Millennium was a German company globally active in the renewable energy sector founded in 1998 in Erlangen, Germany, which is specialized in the designing and implementation of solar thermal power plants. The main activities are site selection, project development, planning, design and construction of parabolic trough power plants.

<span class="mw-page-title-main">EVN Group</span> Austrian based producer of electricity

EVN Group is an Austrian-based producer and transporter of electricity, one of the largest in Europe having over three million customers in 14 countries. The company also operates in water treatment, natural gas supply and waste management business areas. It is the second-largest utility in Austria.

<span class="mw-page-title-main">Caterpillar Energy Solutions</span> German engineering company

Caterpillar Energy Solutions GmbH, is a mechanical engineering company based in Mannheim, Baden-Württemberg, Germany. It was known as MWM GmbH Motoren-Werke Mannheim (MWM) until November 2013. In 2009 the company was the third-largest producer by revenue of gas and diesel engines.

<span class="mw-page-title-main">SMA Solar Technology</span>

SMA Solar Technology AG is a German solar energy equipment supplier founded in 1981 and headquartered in Niestetal, Northern Hesse, Germany. SMA is a producer and manufacturer of solar inverters for photovoltaics systems with grid connection, off-grid power supply and backup operations.

<span class="mw-page-title-main">VNG – Verbundnetz Gas</span>

VNG – Verbundnetz Gas Agbo (VNGn) is a natural gas company headquartered in Leipzig, Germany. It is the third largest natural gas importer and the seventh largest energy company in Germany, and the second largest energy company in Eastern Germany.

Vattenfall Nederland B.V. is a utility company based in Amsterdam, Netherlands. It provides electricity, natural gas, and heat. The company belongs to the group of Vattenfall.

<span class="mw-page-title-main">Stadtwerke Köln</span> Infrastructure and services company

Stadtwerke Köln GmbH is the infrastructure and services company of the City of Cologne.

<span class="mw-page-title-main">Stadtwerke München</span>

Stadtwerke München GmbH or SWM is a German communal company, owned by the city of Munich, which offers public services for the city and the region of Munich. The company supplies electricity for more than 95% of Munich's 750.000 households as well as natural gas, drinking water and, through its stake in the M-net Telekommunikations GmbH, telecommunications services. SWM is Europe's largest municipal utility company and ranks among Germany's principal energy providers according to company information. Expanding use of renewable energy has been a central element in the company's strategy since 2008. However, the company is also engaged in the industrialisation of the Norwegian wilderness through massive wind-turbines, which has created great opposition in Norway, among others in Sørmarka, Trøndelag. Through its subsidiary, the Münchner Verkehrsgesellschaft mbH (MVG), the SWM also runs most of the inner city public transportation network by maintaining the Munich U-Bahn as well as the Munich Tramway and bus services.

MVV or MVV Maastricht is a Dutch football club.

The Upper Rhine Railway Company, was a railway infrastructure company and transport company based in Mannheim, Germany. It operated the metre-gauge railways among Mannheim, Heidelberg and Weinheim. The company was merged with MVV Verkehr AG on 16 March 2010.

<span class="mw-page-title-main">Uniper</span> German energy company

Uniper SE [ˈjuːnipɚ] is an energy company based in Düsseldorf, Germany. The name of the company is a portmanteau of "unique" and "performance" given by long-term employee Gregor Recke. Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016. The company employs about 11,000 employees in over 40 countries. Around one third of the employees are based in Germany. It owns a subsidiary company in Russia called Unipro. Uniper is listed at the Frankfurt Stock Exchange.

bmp greengas German company

Bmp greengas is Europe's leading distributor of biomethane and an expert in green gases, based in Munich. The company could record a portfolio volume of over 4 TWh/a in 2021. The business areas are purchasing, sales and balancing group management.

<span class="mw-page-title-main">Mannheim–Weinheim railway</span> German railway line

The Mannheim–Weinheim railway is a metre-gauge railway between Mannheim-Neckarstadt-Ost/Wohlgelegen and Weinheim, mainly in the German state of Baden-Württemberg. It was built by the former Oberrheinischen Eisenbahn-Gesellschaft AG, later MVV OEG AG and is now operated by MVV Verkehr GmbH and RNV according to Eisenbahn-Bau- und Betriebsordnung für Schmalspurbahnen. However, the line is still owned by MVV Verkehr AG as the successor to the OEG. It is operated as a branch line using electronic direct traffic control.

<span class="mw-page-title-main">Peter Kurz</span> German politician; Lord major of Mannheim

Peter Kurz is a German politician of the Social Democratic Party of Germany (SPD). He is the Lord mayor of Mannheim.

<span class="mw-page-title-main">Dortmunder Stadtwerke</span>

Dortmunder Stadtwerke AG is a municipal services and public transport company in Dortmund, wholly owned by the city of Dortmund. It is operating under the brand DSW21 since 2005. The number in the acronym refers to the 21st century.

References

  1. Christoph Steitz (August 15, 2014), German utility MVV's profit hurt by mild winter and falling prices Reuters .
  2. Christoph Steitz (March 16, 2017), EnBW buys Engie's stake in German local utility MVV Energie Reuters .
  3. Christoph Steitz (October 7, 2019), EnBW, RheinEnergie to sell stakes in local utility MVV Reuters .
  4. Jürgen Flauger (October 7, 2019), Energiekonzerne EnBW und MVV beenden ihren Streit Handelsblatt .
  5. Christoph Steitz (April 2, 2020), Australia's First State buys 45.1% in Germany's MVV for $816 mln Reuters .