Germany
CEZ Group has been operating in Germany since 2001. Currently, it operates mainly in the field of providing comprehensive energy services under the Elevion Group. ČEZ Group also operates in the field of renewable sources, where it focuses on the operation and development of wind power plants.
Electricity production
The expansion of renewable energy sources is one of the main pillars of the German energy transition to low-carbon and sustainable energy, the so-called Energiewende. It is also based in particular on energy savings and renewable sources. The share of renewable sources in German electricity production has been steadily increasing.
In December 2016, after having examined many acquisition opportunities, CEZ Group made its first acquisition of an operational onshore wind farm on the German market.
Today, CEZ Group owns amount 60 turbines in onshore wind farms with a total installed capacity of 145 MW in the Federal Republic of Germany. In 2024, their production reached 274 million kWh, covering the consumption of 100,000 German households.
More information is available at www.cezdeutschland.de.
Modern energy services - ESCO
CEZ entered the German market of modern energy services in 2017. Today, through Elevion Group B. V., it is one of the major players not only in Germany, but also in other European countries. In the German market in the segment of energy services for B2B customers, it operates through its subsidiaries in three areas of activity, namely green energy, industrial energy and building energy solutions.
The most important actor of the green energy sector in the
case of large generating facilities is BELECTRIC group, which carries out activities within the entire value chain of PV power plants and battery storage facilities, from development to operation and maintenance. In addition to services for third parties, BELECTRIC also operates its own power plants in Deubach and Reddehausen.
Elevion Green was founded at the beginning of 2024; its goal is to create a group platform for the development of activities in the area of B2B ESCO services (in particular rooftop photovoltaic systems, battery storage, charging wallboxes, heat pumps, and energy management) and to digitize activities
along the entire decentralized energy value chain (marketing, sales, technical planning, subcontractor management, and other related services).
Energy start ups
CEZ has also invested into German new-tech companies through its venture capital fund Inven Capital.
Sunfire develops and manufactures systems for renewable industrial gas and fuel production. These substitutes for mineral oil and natural gas, known as e-Gas, e-Fuel or e-Chemicals, replace fossil fuels in existing infrastructures. The solid oxide cells (SOCs) used for the conversion process are also used as generators to provide electricity and heat.
By investing in tado°, CEZ has embarked into the field of developing new smart technologies, products and services for heating and cooling. In 2018, Inven Capital increased his stake in tado˚ by tens of percent, and he also has a representative on the company's board of directors. The European Investment Bank (EIB) also participated in the investment.
Another investment represents a share in Cloud & Heat Technologies, a company with innovative products and patented technology that meet the rapidly growing demand for digitalisation and at the same time combat the challenges of energy transition and climate change. It delivers a unique solution that uses server heat from data centers for heating and hot water in offices. There was also a significant increase in the share here in 2018.
In 2019, Inven Capital acquired a minority stake in the German innovative company Zolar, which provides a digital solution for installing roof photovoltaic systems and combining photovoltaics with batteries.
in 2025, Inven Capital expanded its portfolio of investments by acquiring the German company Vytal, which operates a system of reusable gastronomic packages fitted with a special, machine readable QR code, printed directly in the packages
For more information visit https://www.invencapital.cz/.