Family offices inject capital into ambitious energy company - new fund on the way

Three Danish family offices with capital from e.g. Pandora invest in a new energy trading company that sees continued high return opportunities in the coming years.

"We want to build the leading electricity trading platform in Europe, giving private investors the opportunity to invest in energy markets," says Bjørn Kunz Petersen, CEO of EIO Energy. | Photo: Eioenergy

by OLE ANDERSEN

Against the backdrop of last year’s explosive profits in electricity trading companies, three Danish family offices have invested in a new energy trading company. Aarhus-based EIO Energy has received an investment from Carama Family Office and family office Polar Bear, both of which grew out of Pandora’s fortunes, and SCM Investments with fintech entrepreneur Claus Methmann Christensen.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

The Danish government pools DKK 27bn CCS tenders
For subscribers
Nordex bags Turkish hat-trick
Report: Wind industry in for higher costs due to "perverse" market design
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Biocirc CEO Bertel Maigaard. Biocirc is run by asset manager Maigaard & Molbech, where Bertel Maigaard is also partner. It manages the fortunes of a group of wealthy Danish families, including Just Eat founder Bo Bendtsen. | Foto: PR/Biocirc

Oil & Gas

Biocirc reveals German expansion next year: "An exciting pipeline"

Plans to build more plants by 2024 are not limited to the US, reveals the CEO of the biogas group.

For subscribers

Oil & Gas

Oil prices a few dollars away from year-high record following turbulent week

For subscribers

European Energy CEO Knud Erik Andersen is pleased with a successful sale to Japanese Mitsui. | Foto: Gregers Tycho

Cleantech

European Energy and Mitsui finalize transaction of Danish solar farm and PtX plant

For subscribers

From left: Elizabeth Press, moderator and Director of Planning and Program Support, Ingrid Reumert, SVP and Head of Global Stakeholder Relations at Ørsted, Morten Dyrholm, Group SVP for Marketing, Communications & Public Affair at Vestas, Shamini Selvaratnam, Associate Director at Ocean Conservancy, and Ben Backwell, CEO at GWEC. | Foto: Consulate General of Denmark in New York

Renewables

Offshore wind players: Crucial to speed up the pace of project permitting

For subscribers

Tommy Larsen is the CEO and founder of Weptos. | Foto: Weptos

Renewables

Wave energy developer warns: China could take the helm if Europe doesn't wake up

For subscribers

Wind turbine manufacturer Nordex's CEO, José Luis Blanco, will have some extra on his plate for the next 18 months. | Foto: Nordex

Renewables

Nordex CEO becomes chairman of Wind Europe

TotalEnergies CEO: Unreasonable to ban Russian LNG sooner than 2025
There will not be enough liquefied natural gas to replace the EU’s imports of Russian LNG until 2025 or 2026, says the CEO of Totalenergies.
For subscribers
CMA CGM and Maersk will need help in new green lobbying alliance
Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.
For subscribers
European Energy: TotalEnergies partnership is stepping stone towards more markets
European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.
For subscribers
FLSmidth: The mining sector's reputation blocks the green transition
Problems attracting talent to the industry, which extracts critical minerals such as lithium and cobalt, could make it difficult to meet green energy targets, according to the equipment manufacturer.
For subscribers
Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms
The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.
For subscribers
Havfram dismisses offshore wind crisis: Not worried about Ørsted contract
”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.
For subscribers

Global Wind Service changes strategy: Looks to acquire

It takes hefty financing to stay in the wind industry. Global Wind Service leans on its Norwegian owner when investing for potential future growth and pursuing acquisitions.

For subscribers

Cleantech

European Energy and Mitsui finalize transaction of Danish solar farm and PtX plant

The sale to the Japanese trading company received the stamp of approval from the EU Commission in August, and the deal has now been finalized.

For subscribers

Oil & Gas

Biocirc reveals German expansion next year: "An exciting pipeline"

Plans to build more plants by 2024 are not limited to the US, reveals the CEO of the biogas group.

For subscribers

Renewables

All hydrogen stations in Denmark will close

”We can’t justify throwing more money at subsidizing hydrogen alone,” states Everfuel’s CEO, who doesn’t want to kill off hydrogen’s future in passenger cars.

For subscribers

Renewables

Offshore wind players: Crucial to speed up the pace of project permitting

There is a greater political focus on the need for pace in OSW projects, but more speed in the permitting process is needed if the targets for OSW are to be achieved, according to Vestas and Ørsted.

For subscribers

Renewables

Nordex CEO becomes chairman of Wind Europe

José Luis Blanco will hold the position of chairman of the wind organization for the next 18 months, while Hitachi Energy’s head of renewable energy will serve as vice chair.