NidEnergie

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NidEnergie AG
Aktiengesellschaft
IndustryElectricity utility
Founded14 June 1904; 120 years ago (1904-06-14)
HeadquartersBremen, Nidwalden
Key people
Eldar Hegge (CEO)
ProductsElectricity generation and Electric power distribution, renewable energy production, sale and distribution.
RevenueNWC 31,418.7 million (2018)
OwnerState of Nidwalden
Number of employees
21,314 (2018)
Websitewww.nidenergie.com.nw

NidEnergie is a Nidwaldester state-owned power company, it was created under the Ludwig Mann administration in 1904 reuniting the administration of all the electricity generation plants in Nidwalden, to which later were added the hydroelectric dams. The company was responsible of the change of energy mix since the '80s; today the company produces a 95.9% of its energy from renewable sources, being one of the greener energy producer companies of Astyria.

NidEnergie is one of the most profitable companies in Nidwalden as it holds a monopoly over energy supply and production in the Grand Duchy. The company is leader in renewable energies in the Lorecian continent although its operations are focused in the Nidwaldester market. The company has a workforce of around 21,314 employees and operates the seven dams and wind farms of Nidwalden.

The State of Nidwalden is the largest and only shareholder of the company and since 2018, Eldar Hegge is the CEO.