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 offsh ...

, 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

. 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