Establishment of EG, PV and WEST
Entry to the Finnish market and the POSIO / MUNTILA / DEVELOPMENT projects
Entry to the EU market and the BIOENERGO / VOIVOZI projects
USA and Asia CALIFORNIA / CHINA
In 2008, the Eurozone was beginning to feel the impact of the financial crisis. Rising oil and energy prices were having a negative impact on European industry, which was almost entirely dependent on imported fossil fuels. The Member States of the EU then began looking seriously at the potential of alternative energy sources. This provided an opportunity for E-Group, a.s. to develop first in Slovakia and later in European and global energy markets.
E-Group, a.s. was founded in 2008 as a consulting firm in the energy sector. Its engineers put together plans for projects to generate and supply green electricity in selected regions of Slovakia.
The first project to begin real implementation was the construction of photovoltaic power plants in 2009. By 2012, E-Group, a.s. had established itself as a reliable partner for many projects to produce electricity using renewables. It was helping to fulfil the European strategy to find ways of producing green electricity. As the company supported the construction of energy systems through its subsidiaries, its specialist employees were able to study and analyse the efficiency of production, operation and distribution in parallel. It incorporated this valuable knowledge into its consulting activities and continuous improvements in the projects that E-Group, a.s. implemented or supplied.
In 2012, our group participated in the commissioning of the Bratislava WEST cogeneration plant, which not only supplies heat for the people of Bratislava but also represents a more environmentally friendly way to generate electricity even in the present day. Cogeneration is the most efficient way to generate both electricity and heat, and the company has successfully implemented it also in foreign projects. The heat produced by this process is more economical for consumers and it has earned a place as a supported energy source thanks to its high efficiency.
E-Group, a.s. took a step towards European expansion in 2014. By acquiring a foreign company, it became the first Slovak company to invest in Finland’s energy sector. A wind power installation at Posio in southern Lapland with installed capacity of 21.1 MW has been supplying the Finnish electricity grid since 2016.
E-Group, a.s. has continued to grow its foreign energy projects since 2014. After successfully completing the project in Finland, the company launched a wave of projects across Romania, Czechia and other EU Member States. One of the most significant green projects in the territory of the Visegrad Group was an investment in the environmentally friendly production of pressed oils in Czechia.
E-Group, a.s. can now claim the benefits of pioneering experience in solar, wind, biomass and biogas energy projects.
It is also expanding its business to deals outside the EU market. It has been intensively studying the development of foreign financial markets since 2015 and it sees potential in the booming Asian tiger economies. It is also in negotiations with manufacturers of renewable energy equipment in the Americas.