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Mainova
Mainova

-5.0%

Energy / Energy and utility services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Mainova is a German energy and utility company based in Frankfurt. It was founded in 1998 through a merger of two regional utilities and provides electricity, natural gas, heat, water and telecommunications services to customers in the Rhine-Main area. The company serves around 1 million customers in the region and has a workforce of approximately 2,600 people.
Mainova's main focus is on providing sustainable and environmentally friendly energy solutions, with a commitment to reducing carbon emissions and promoting the use of renewable energy sources. The company operates several renewable energy facilities, including wind farms and solar plants, and also offers energy efficiency consulting services to help customers reduce their energy consumption.
In addition to its energy services, Mainova also offers telecommunication services through its subsidiary Mainova Telecom. This includes telephone, internet, and television services for residential and business customers.
Mainova is also involved in various community and cultural initiatives, such as sponsoring local sports clubs and cultural events. The company also has a strong commitment to corporate social responsibility, supporting social projects and initiatives in the local area.
Overall, Mainova is a leading energy company in the Rhine-Main region, known for its commitment to sustainability, innovation, and community involvement.

What is special about the company?

1. Local presence: Mainova is a major energy provider in the Rhine-Main metropolitan area of Germany, serving over 1 million residential and commercial customers in the region.
2. Long history: The company has a rich history dating back to the late 19th century, making it one of the oldest energy companies in Germany.
3. Sustainable energy focus: Mainova has set ambitious goals to switch to renewable energy sources, with a target of supplying its customers with 100% renewable electricity by 2050.
4. Diversified range of products and services: Mainova not only supplies electricity and gas, but also offers a variety of energy services and products such as e-mobility, energy efficiency, and heating solutions.
5. Innovation and technology: The company is committed to investing in innovative technologies to drive the energy transition, such as smart grids, energy storage, and digital solutions.
6. Social responsibility: Mainova is actively involved in various social and environmental initiatives, including supporting educational projects and promoting environmental protection.
7. Customer focus: Mainova has a strong customer focus, striving to meet the needs and expectations of its customers through personalized services and customer-oriented solutions.
8. Award-winning company: Mainova has received numerous awards for its sustainability efforts, customer service, and innovation, including being named the "Most Sustainable Regional Energy Company in Germany" in 2020.
9. Strong partnerships: Mainova works closely with local governments, businesses, and research institutions to drive the energy transition and create a more sustainable future.
10. Financial stability: With a strong financial performance and solid rating, Mainova is a reliable and stable energy provider for its customers.

What the company's business model?

The Mainova company's business model is based on providing energy, water, and waste management services to customers in the Frankfurt-Rhein-Main region in Germany. They generate electricity and heat through a mix of conventional and renewable energy sources and operate a district heating network. They also provide natural gas, water, and waste management services to their customers. Additionally, Mainova offers services related to energy efficiency and sustainable energy solutions, as well as electric vehicle charging infrastructure. Their business model focuses on balancing economic, social, and ecological sustainability to provide reliable and affordable energy services to their customers.

Interesting facts about the company

1. Mainova is a German energy company based in Frankfurt am Main. It was founded in 1998 as a result of the merger between Stadtwerke Frankfurt am Main and the energy division of the municipal savings bank.
2. The name Mainova is derived from the word Main, the river that runs through Frankfurt, and nova, meaning new and innovative.
3. Mainova supplies electricity, gas, heat, and water to around 1 million customers in the Frankfurt region. It is the main energy provider in Frankfurt and has a market share of about 50%.
4. In addition to providing energy, Mainova also operates a wide range of services related to renewable energy and energy efficiency, such as solar panels, energy consulting, and electric vehicle charging.
5. Mainova is committed to sustainability and has set a goal to become climate neutral by 2050. It has significantly reduced its carbon footprint in recent years by investing in renewable energy sources and increasing energy efficiency.
6. The company is also actively involved in local community projects, such as sponsoring a sustainability prize for schools and supporting cultural and social initiatives in the Frankfurt region.
7. Mainova is the major sponsor of the German football club Eintracht Frankfurt and its stadium, the Commerzbank-Arena, bears the company’s name.
8. The company has been recognized for its efforts in sustainability and has received several awards, including the German Sustainability Award in 2019 and the Green Brand Germany seal of approval for its green energy products.
9. In addition to its headquarters in Frankfurt, Mainova has branches in other major German cities such as Berlin, Hamburg, and Cologne.
10. As of 2021, Mainova has around 4,500 employees and had an annual revenue of approximately 2.7 billion euros in 2020.

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