Essent N.V. is a Dutch

energy Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...

company based in

's-Hertogenbosch s-Hertogenbosch (), colloquially known as Den Bosch (), is a List of cities in the Netherlands by province, city and List of municipalities of the Netherlands, municipality in the Netherlands with a population of 160,783. It is the capital of ...

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

. It is a subsidiary of E.ON. It is a public

limited liability corporation A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the Flow-through entity, pass-through taxation of a partnership or sole proprietorship with the l ...

. Essent is the largest energy company in the country.

Belgium Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeas ...

is their second home market. Essent provides customers with gas,

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter possessing an electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwel ...

heat In thermodynamics, heat is energy in transfer between a thermodynamic system and its surroundings by such mechanisms as thermal conduction, electromagnetic radiation, and friction, which are microscopic in nature, involving sub-atomic, ato ...

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, but the proposed merger was cancelled. In 2009, the transmission network was unbundled from Essent. In January 2009, German energy major, RWE AG, 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 (; ; ; ) is a Provinces of the Netherlands, province of the Netherlands located in the eastern part of the country. The province's name comes from the perspective of the Prince-Bishopric of Utrecht, Episcopal principality of Utrecht ...

(18%),

Groningen Groningen ( , ; ; or ) is the capital city and main municipality of Groningen (province), Groningen province in the Netherlands. Dubbed the "capital of the north", Groningen is the largest place as well as the economic and cultural centre of ...

(6%),

North Brabant North Brabant ( ; ), also unofficially called Brabant, Dutch Brabant or Hollandic 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 ...

(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 Jan ...

(2.3%),

Flevoland Flevoland () is the twelfth and newest 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 (16%) and by more than 100 municipalities in these provinces and in the province of

Friesland Friesland ( ; ; official ), historically and traditionally known as Frisia (), named after the Frisians, is a Provinces of the Netherlands, province of the Netherlands located in the country's northern part. It is situated west of Groningen (p ...

(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 motor vehicle whose propulsion is powered fully or mostly by electricity. EVs encompass a wide range of transportation modes, including road vehicle, road and rail vehicles, electric boats and Submersible, submer ...

s in Europe. The charger produced by Epyon 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
{{Authority control Electric power companies of the Netherlands Natural gas companies of the Netherlands RWE 1999 establishments in the Netherlands 2009 mergers and acquisitions E.ON