Innogy SE was an energy company based in

Essen Essen (; Latin: ''Assindia'') is the central and, after Dortmund, second-largest city of the Ruhr, the largest urban area in Germany. Its population of makes it the fourth-largest city of North Rhine-Westphalia after Cologne, Düsseldorf and D ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

. It is now merged and integrated into German energy company E.ON.

History

The company was created on 1 April 2016, by splitting the

renewable A renewable resource, also known as a flow resource, is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of ti ...

, network and retail businesses of

RWE RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in Asia-Pacific, Europe and the United States. The company is Europe's most climate threatening Company, the world's number two in offsh ...

into a separate entity. The new entity combined RWE subsidiaries RWE Innogy, RWE Deutschland, RWE Effizienz, RWE Vertrieb and RWE Energiedienstleistungen. On 7 October 2016, it was listed at the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (german: link=no, Börse Frankfurt, former German name – FWB) is the world's 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Locat ...

. They served 23 million customers in Europe. In November 2017, it was announced that Innogy was looking to merge its energy retail subsidiary npower in the United Kingdom, with the equivalent division of rival SSE. It was planned that Innogy shareholders would own 34% of the

demerged A demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition. A demerger can take place through a spin-off by distributed or ...

entity, however, the deal fell through, and in November 2019, it was announced that npower would ultimately be wound down following the acquisition of Innogy by E.ON. In March 2018, it was announced that E.ON would acquire Innogy, in a complex deal of assets swap with RWE. The transfer of shares was completed in September 2019.

eMobility

In December 2016, Innogy combined its electric vehicles related activities into a new subsidiary called innogy eMobility Solutions GmbH. It operates one of the largest charging points network in Europe, which includes 7,000 charging points in over twenty countries. Since September 2008, it operated in cooperation with

Daimler AG The Mercedes-Benz Group AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacture ...

test project in Berlin called e-mobility Berlin. It also cooperated with an Italian company called Be Charge. In July 2018, the subsidiary of the United States, innogy eMobility US, announced the acquisition of California based BTCPower, a manufacturer of DC fast chargers and AC Level 2 chargers. In October 2018, the acquisition of California based Recargo, an electric mobility software company, was announced. Recargo produces the popular PlugShare platform that helps electric vehicle (EV) drivers find public charging stations.

References

{{Authority control RWE Companies based in Essen Companies listed on the Frankfurt Stock Exchange Electric power companies of Germany Renewable energy companies of Germany German companies established in 2016 Renewable resource companies established in 2016 2019 mergers and acquisitions Defunct energy companies of Germany E.ON