SEAS-NVE

SEAS-NVE is a Danish consumer‑owned energy group headquartered in Svinninge that operates electricity distribution, retail supply and fibre‑optic network businesses, primarily in southern and western Zealand and on Lolland‑Falster. It was created in 2005 through the merger of SEAS and NVE and in August 2020 the company changed its name to Andel. SEAS-NVE is organised as a cooperative society whose owners are private and legal persons buying electricity within its concession area and connected to power grids owned by the SEAS-NVE group. By 2018 it had more than 390,000 cooperative owners, about 978 employees and revenue of DKK 7.3 billion. The group also owns a high‑tech fibre network and is responsible for service and maintenance of Denmark’s longest power grid. Through its retail arm, now branded Andel Energi, SEAS-NVE supplies electricity, natural gas and energy advisory services to more than 1.2 million residential and business customers. It uses digital tools and consumption data to give customers insight into their energy use and to support Denmark’s green transition. In 2019 SEAS-NVE agreed to acquire Ørsted’s Danish power distribution business Radius, its residential power and gas customer portfolio and the City Light street‑lighting business for DKK 21.3 billion, adding around one million power customers in the Copenhagen region and responsibility for operating and maintaining about 145,000 street lights. The group also owns 80% of the 207 MW Rødsand 2 offshore wind farm in the Baltic Sea, which can supply the equivalent of approximately 200,000 households, and appears as an owner of the Rodsand II project in wind market databases. SEAS-NVE has invested in smart grid technologies, including the deployment of 390,000 advanced smart meters used for billing, power quality monitoring, outage management and integration of rapidly growing rooftop solar capacity, and has participated in demand‑response R&D such as the Nordic FlexPower project. Historically it has also been a significant minority shareholder in DONG Energy/Ørsted, holding close to 10% of the company’s share capital at times.