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Enpal Montage

  • Enpal has more than doubled its revenue to around €900 million in 2023 compared to €415 million in 2022.
  • Enpal remains consistently profitable
  • With more than 30,000 new customers, Enpal strengthens its position as market leader Germany
  • Successful entry into the heating sector with more than 1,000 heat pumps installed

Berlin, January 15th 2024 – Enpal, Germany’s leading provider of renewable energy solutions, today announced its preliminary business figures for 2023. The energy company once again achieved a record turnover of around €900 million in 2023, compared to €415 million in 2022. This represents a growth of around 117%, more than doubling. At the same time, Enpal remains permanently profitable. The growth was purely organic, with no acquisitions, and related exclusively to the German market.

With more than 30,000 new customers, Enpal consolidated its position as the market leader for private solar energy systems in Germany. The company also successfully entered the heating market with over 1,000 new heat pump installations. Enpal also installed more than 20,000 intelligent electricity meters, known as smart meters.

Mario Kohle, founder and CEO of Enpal: „Our innovative all-in-one solution for solar, heat and mobility has convinced customers. We would like to thank our customers for their trust on our way to becoming the largest renewable energy community in Europe. We continue to aim to install one million energy solutions by 2030“.

Enpal is one of the few companies in Germany to offer the solar system as a complete solution with storage, wallbox, heat pump, smart meter and intelligent energy manager from a single source as a one-stop shop for renewable energy for the home. At the heart of the system is the company’s award-winning intelligent energy manager, which networks the components and integrates them into the grid. This creates additional income, for example through intelligent solar charging for electric cars or optimisation of the electricity storage system. From 2023, Enpal will offer heat pumps from Bosch and Daikin.

In the summer of 2024, the audited annual figures for 2023 will be communicated.

About Enpal

Enpal, the greentech unicorn from Germany, offers an integrated solution for renewable energy and is a pioneer in the energy transition. With sales of several thousand new energy systems per month, the company, which has been profitable since 2022, holds a leading market position in Germany for solar systems for private use. The solar system is part of an integrated energy ecosystem consisting of an electricity storage system, a charging station, a heat pump and the Enpal energy manager, an intelligent combination of hardware and software. Founded in 2017, Enpal, with its rental model and flexible, payment-free purchase option, is digitising and revolutionising the purchase of green energy for a home that is independent of fossil fuels. More than 60,000 Enpal-equipped households already make up our climate-friendly renewable energy community. Enpal’s investors include some of the world’s largest impact and technology investors such as TPG Rise Climate, Softbank Vision Fund II, Princeville Climate Technologies, HV Capital, Activate Capital and The Westly Group.