MVV Energie Profile
MVV Energie AG, together with its subsidiaries, provides electricity, heating energy, gas, water, and other products primarily in Germany. The company is a subsidiary of MV Mannheimer Verkehr GmbH.
The company operates electricity, district heating, gas and water grids with a total length of approximately 19,000 kilometers.
Segments
The company operates through five segments, Customer Solutions, New Energies, Supply Reliability, Strategic Investments, and Other Activities.
Customer Solutions
This segment includes the energy and water retail and wholesale businesses. The company has a range of products and services meeting ecological standards – from renewable energies through to district heating – that it offers to its retail and business customers. These also include the portfolio of solutions that the company offers to retail and business customers for self-generated solar electricity and e-mobility. E-mobility is also an integral component of the company’s activities in smart cities, where it acts as a system partner to local authorities and offers networked solutions for towns and cities. The company’s range of solutions for business customers focuses on projects and measures to optimize energy use at industrial, retail and real estate customers. This segment also includes the commodities, service and trading business, where it combines energy procurement, energy product trading and portfolio management for its group of companies. The company also offers these services to third-party customers on the market. The company’s trading subsidiary is also responsible for the renewable energies direct marketing business.
New Energies
In the New Energies segment, the company on the one hand pool its competence in making ecological use of waste and biomass. The company focuses its plants in Mannheim, Offenbach, Leuna, Königs Wusterhausen and Flörsheim-Wicker, but also in the United Kingdom, where it operates an energy from waste plant with heat extraction in Plymouth and a biomass power plant with combined heat and power (CHP) capability at Ridham Dock. In the Scottish city of Dundee, the company took over an existing energy from waste plant and is building a new plant in the direct vicinity. Furthermore, in Germany, the company also has biogas and biomethane plants. On the other hand, this segment also contains the company’s proprietary wind turbines and photovoltaics systems, as well as its national and international project development business. Solar power is the focal point in the international business, while in Germany it also focuses on onshore wind power and free-field photovoltaics systems. The company also acts as operations managers for windfarms and solar parks.
The business fields aggregated in this segment focus on the provision of services, solutions and products in connection with renewable energies. The activities within this reporting segment involve the planning, approval, development, construction and operation of technical plants to generate electricity and heating energy from sustainable/partly sustainable commodities, such as wind, waste timber, non-recyclable forest timber, green cuttings, waste/refuse-derived fuels, biogas and sunshine. The processes are characterised by long planning, approval, construction and operating stages
Supply Reliability
This segment includes the company’s generation portfolio for conventional energies with CHP generation. These include the company’s new gas fired CHP plant in Kiel, its CHP plant in Offenbach and its shareholding in the large power plant in Mannheim (Grosskraftwerk Mannheim). This segment also includes the grid business at the company’s distribution grid operators in Mannheim, Kiel and Offenbach. All in all, within the company, it operates electricity, district heating, gas and water grids with a total length of approximately 19,000 kilometers. It comprises combined heat and power generation, grid facilities and further infrastructure required to provide its customers with a secure supply of electricity, heating energy, gas and water.
Strategic Investments
This segment mainly consists of Köthen Energie and MVV Energie CZ, as well as the at-equity result of Stadtwerke Ingolstadt.
Other Activities
The company’s shared service companies and cross-divisional functions are pooled in this segment. The shared service companies perform metering, billing and IT services for the company.
Strategy
The key elements of the company's strategy are to continue to press ahead with expanding renewable energies; gradually reduce the emissions from its conventional generation positions to zero; replace conventional heating energy generation with low-CO2 and renewable sources; offer products and services that facilitate climate neutrality for and at its customers; limit unavoidable emissions to a minimum and look into new technologies facilitating the climate-neutral management of unavoidable residual emissions.
Joint Ventures
The company has joint venture with Grosskraftwerk Mannheim AG and Stadtwerke Ingolstadt.
History
MVV Energie AG was founded in 1974. The company was incorporated in 1990. The company was formerly known as Stadtwerke Mannheim Aktiengesellschaft and changed its name to MVV Energie AG in October 1998.
