Essent
N.V. is a Dutch
energy
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...
company based in
's-Hertogenbosch
s-Hertogenbosch (), colloquially known as Den Bosch (), is a city and municipality in the Netherlands with a population of 157,486. It is the capital of the province of North Brabant and its fourth largest by population. The city is south of th ...
,
Netherlands
)
, anthem = ( en, "William of Nassau")
, image_map =
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of the Netherlands
, established_title = Before independence
, established_date = Spanish Netherl ...
. It is a subsidiary of
E.ON. It is a public
limited liability corporation
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...
. Essent is the largest energy company in the country.
Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
is their second home market. Essent provides customers with
gas
Gas is one of the four fundamental states of matter (the others being solid, liquid, and plasma).
A pure gas may be made up of individual atoms (e.g. a noble gas like neon), elemental molecules made from one type of atom (e.g. oxygen), or ...
,
electricity
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described ...
,
heat
In thermodynamics, heat is defined as the form of energy crossing the boundary of a thermodynamic system by virtue of a temperature difference across the boundary. A thermodynamic system does not ''contain'' heat. Nevertheless, the term is al ...
and energy services. Essent (including its predecessors) has over 90 years of experience with generating, trading, transmitting and supplying electricity.
Essent has 2.3 million customers for electricity and about 2 million for gas.
[www.essent.nl]
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History
Essent was formed in 1999 by the merger of PNEM/MEGA Groep and EDON Groep, energy groups based in the south and north of the Netherlands, respectively. PNEM/MEGA was created in 1997 by a merger between PNEM and Mega Limburg. EDON was a result of a merger between NV Energiebedrijf IJsselmij and EGD (Energiebedrijf Groningen Drenthe). In 2005, Nutsbedrijven Maastricht merged with Essent. The name Essent was developed by Globrands Naming & Strategy.
In 2000, Essent acquired a 51% stake in German utility Stadtwerke Bremen AG which at the same year made an offer for a 49.9% stake in another German utility Stadtwerke Bielefeld. In 2007, Essent divested its cable division Kabelcom to the investment companies Cinven and Warburg Pincus. At the same year, Essent acquired Westland Energie Services. Also in 2007, Essent planned a merger with another Dutch energy company Nuon Energy
Vattenfall Nederland B.V. (former name: N.V. Nuon Energy) is a utility company based in Amsterdam, Netherlands. It provides electricity, natural gas, and heat. The company belongs to the group of Vattenfall.
History
Nuon NV was established in ...
, but the proposed merger was cancelled.
In 2009, the transmission network was unbundled from Essent. In January 2009, German energy major, RWE AG
RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in Asia-Pacific, Europe and the United States. The company is Europe's most climate threatening Company, the world's number two in offs ...
, announced its intention to buy out all outstanding and issued shares of Essent. The deal, valued to be around 9.3 billion euros, would make Essent an operating company of RWE in the Netherlands and Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
. On 30 September 2009, the deal was closed. Until 1 October 2009, the shares of Essent were owned by six Dutch provinces of Overijssel
Overijssel (, ; nds, Oaveriessel ; german: Oberyssel) is a Provinces of the Netherlands, province of the Netherlands located in the eastern part of the country. The province's name translates to "across the IJssel", from the perspective of the ...
(18%), Groningen
Groningen (; gos, Grunn or ) is the capital city and main municipality of Groningen province in the Netherlands. The ''capital of the north'', Groningen is the largest place as well as the economic and cultural centre of the northern part of t ...
(6%), North Brabant
North Brabant ( nl, Noord-Brabant ; Brabantian: ; ), also unofficially called Brabant, is a province in the south of the Netherlands. It borders the provinces of South Holland and Gelderland to the north, Limburg to the east, Zeeland to the we ...
(30.8%), Drenthe
Drenthe () is a province of the Netherlands located in the northeastern part of the country. It is bordered by Overijssel to the south, Friesland to the west, Groningen to the north, and the German state of Lower Saxony to the east. As of Nov ...
(2.3%), Flevoland
Flevoland () is the twelfth and youngest province of the Netherlands, established in 1986, when the southern and eastern Flevopolders, together with the Noordoostpolder, were merged into one provincial entity. It is in the centre of the countr ...
(0.02%) and Limburg
Limburg or Limbourg may refer to:
Regions
* Limburg (Belgium), a province since 1839 in the Flanders region of Belgium
* Limburg (Netherlands), a province since 1839 in the south of the Netherlands
* Diocese of Limburg, Roman Catholic Diocese in ...
(16%) and by more than 100 municipalities in these provinces and in the province of Friesland
Friesland (, ; official fry, Fryslân ), historically and traditionally known as Frisia, is a province of the Netherlands located in the country's northern part. It is situated west of Groningen, northwest of Drenthe and Overijssel, north of ...
(the remaining 26%).
Since the split of RWE and Innogy as of 1 April 2016, the power generation business was transferred to RWE Generation NL B.V., while Essent as retail and renewable energy company remained in the Innogy group. Innogy has been purchased on 18 September 2019 by E.ON. As a consequence Essent is a consolidated part of E.ON.
Achievements
In 2010 Essent opened the first commercial fast-charge station for electric vehicle
An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery (sometimes cha ...
s in Europe. The charger produced by Epyon
Epyon is a Dutch company that produces fast-chargers for electric vehicles.
Epyon opened Europe’s first commercial fast-charging station in May 2010 in the Netherlands. The system can deliver 50 kilowatts of power to charge a nine-person taxi ...
charges electric 9-person taxi-vans in 30 minutes.
In 2016 Essent opened 5 bio-gas CNG stations being the first Dutch utility company to sell CNG fuel to the transport market.
References
External links
Essent-finance.nl
Essenttrading.com
{{RWE
Electric power companies of the Netherlands
Natural gas companies of the Netherlands
RWE
1999 establishments in the Netherlands
2009 mergers and acquisitions
E.ON