New merger set to create Denmark’s largest integrated energy company

Andel, one of Denmark’s largest energy and infrastructure companies, has announced the merger of three of its core subsidiaries Andel Energi, Clever, and Watts. The consolidation aims to create a more integrated and agile organisation capable of accelerating the green transition and supporting Denmark’s growing electrification needs.

Photo credit: Andel

By State of Green | [email protected]

22 August 2025

About Andel

Andel is Denmark’s leading energy and fibre-optic group, owned by 400,000 cooperative members. The company operates and expands large parts of Eastern Denmark’s electricity grid, invests in renewable energy such as solar, wind and hydrogen, and develops digital energy solutions and EV charging infrastructure. With over 1,000 employees, Andel plays a key role in enabling Denmark’s green and digital transition while creating long-term value for society and its cooperative owners.

Discover Andel

The newly merged entity brings together operations across energy supply, digital energy management, and electric mobility. By combining these complementary areas, Andel aims to deliver more efficient and scalable solutions to help households and businesses engage in climate action.

Headquartered in Denmark, Andel plays a central role in the country’s energy ecosystem. The company owns and operates key parts of the national electricity grid, supplies energy to millions of consumers, and invests heavily in digital and green technologies. The merger is part of a broader strategy to strengthen the company’s commercial and operational foundation at a time when the renewable energy sector faces increasing complexity and market uncertainty.

Preparing for record investments in green infrastructure

Alongside the organisational changes, Andel is scaling up its investments in energy infrastructure. In 2024, the company expects to invest more than DKK 5 billion (approx. EUR 670 million) to support the energy transition – a record amount in the group’s history.

In the first half of the year, Andel allocated DKK 2.3 billion (approx. EUR 310 million) to various projects, including the expansion and modernisation of the electricity grid in Eastern Denmark through its grid companies Cerius and Radius Elnet. These investments are critical to ensuring a resilient and flexible energy system that can accommodate more renewable energy, electric vehicles, and heat pumps.

This increased investment reflects Andel’s long-term commitment to enabling electrification and building the infrastructure needed to meet Denmark’s climate targets.

Expanding Denmark’s electric vehicle charging network

Clever, the EV charging subsidiary now fully integrated into the new Andel structure, continues to expand what is already Denmark’s largest public charging network. In the first half of 2024, more than DKK 400 million (approx. EUR 54 million) was invested in expanding and upgrading charging infrastructure across the country.

The growth of Clever’s network supports Denmark’s ambitious targets for zero-emission transport. With demand for electric vehicles continuing to rise, the availability of reliable and widespread charging options is becoming increasingly important. Clever’s expansion aims to remove key barriers to EV adoption and ensure that more people have access to convenient, high-speed charging.