Sustainable, green energy across CEE
ALTEO is present in Hungary since 2008, is the largest aggregator with 2,000 MWs+ of managed capacity, is publicly traded in the premium category of the Budapest Stock Exchange, now targeting regional expansion; promoting sustainable, green energy in local communities and regional infrastructure.
From Hungarian champion to regional industry leader
Central-Eastern EU presence
Regional expansion into key target markets, leveraging our ownership synergies.
1,500–2,000 MW renewable platform
2.5–3.5 billion EUR targeted investment to expand our RES capacities.
Min. 1 billion EUR market cap
Enhancing capitalization through new projects and international fundraising.
Positioning as regional industry leaders
Ensuring long-term sustainable presence and shareholder value creation.
Where we expand
ALTEO's 2025 strategy highlights two main strategic priorities in the region: primary and secondary countries.
Slovakia · Serbia · Croatia
Markets we are actively pursuing for organic build-out, M&A, and aggregation.
Poland · Romania · Slovenia · Albania · Bosnia-Hercegovina · North Macedonia · Czech Republic
Markets where we monitor and evaluate inbound deal-flow.
Primary and secondary target markets
Primary markets are the ones ALTEO actively pursues for organic build-out, M&A and aggregation; secondary markets are monitored for inbound deal-flow.
Hover a country, or select it with the Tab key, for details.
Three steps to a European renewable platform
What ALTEO excels in domestically
ALTEO is the largest aggregator in Hungary with a 2,000+ MW managed PV portfolio, and EPC, O&M, Energy Trading, Circular Economy and Waste Management legs. In short, ALTEO covers the entire electric energy value chain throughout its operations.
- Decentralized and diverse electricity production from a significant renewable- and natural gas-based portfolio
- Pioneer in HU BESS investments & operations
- Market leading balancing and production management services (Aggregator / VPP)
- Customer-oriented, flexible and scalable, balanced portfolio in the target segments of energy supply and trade
- End-to-end integrated services comprising of Operation and Maintenance (O&M), design, development and construction (EPC) capabilities
- High-availability, reliable energy supply with an excellent industrial embeddedness
- Market leading, uninterrupted ESG compliance with continuous improvement
- Wide range of organic and inorganic waste management services along the value chain, supported by innovative e-mobility solutions
- Having closed the acquisition of ÉLTEX Kft. at the end of June, ALTEO has become the second biggest waste management player in Hungary
A 1.5–2 GW renewable platform by 2030
By 2030, ALTEO aims to develop and acquire a 1.5–2 GW renewable platform in its primary and secondary focus countries to aid in the green transition and sustainable futures of those countries, and create value through its operations both internationally and domestically.
ALTEO’s strategy highlights two main legs: M&A acquisitions, and services through energy production management.
To understand more about partnership offers, keep reading or click here.
ARTEMIS — technical enablement for smart energy
ARTEMIS Technologies Zrt. is an ALTEO company. The energy market is changing faster than most organizations can adapt. Spreads are compressing, regulations are multiplying, and the window for manual operations is closing. ARTEMIS builds the tools, platforms, and intelligence that enable market participants to capture maximum value.
Four integrated products, one platform. Each product works independently; together they create the end-to-end value chain that maximizes an asset portfolio’s market revenue.
- Real-time cross-market value stacking
- Battery lifecycle optimization and degradation control
- Tool fee per MW — aligned with your asset performance
- Algorithmic decision engines and spread models
- Forecast-driven imbalance optimization
- Tool licensing and development fee
- Flexible control interfaces — any hardware, any SCADA
- Real-time scheduling, nomination, settlement
- API-first architecture — integrates with your existing systems
- Market entry strategy and regulatory mapping
- Asset monetization and investment due diligence
- Seamless upgrade path to full platform services
Powered by algo and data intelligence
Every ARTEMIS product runs on a proprietary algorithmic core — trading algorithms, predictive spread models, portfolio optimization engines, and machine learning forecasts. This is what turns data into decisions and flexibility into revenue.
An ambitious strategy backed by strong owners
With an ambitious 2025 to 2030 strategy, ALTEO is expanding via organic growth and acquisitions, leveraging strong owners and capital background. MOL Group owns 39.97% of ALTEO's shares, with Lead Ventures — a private equity and venture capital firm — owning 33.81%; the remainder is free-float or in ALTEO's ownership.
A successful domestic record
ALTEO has had a very successful development domestically within Hungary, growing to a 300+ M EUR market cap, 261 M EUR revenue, 49 M EUR EBITDA, and a 50 M EUR CAPEX in the 2024 fiscal year, with ALTEO's stock price increasing significantly since its listing on the Budapest Stock Exchange.
Tracked on the Budapest Stock Exchange
The strategic shareholders, ALTEO’s executive leadership, and ALTEO’s staff are dedicated to completing the ambitious 2025–2030 strategy. With significant ownership backing and ALTEO’s domestic success, ALTEO’s international team is working on completing the first of many international acquisitions in ALTEO’s history.
Source: TradingView · Budapest Stock Exchange (BÉT). The current price is always valid on the bet.hu website.
Looking to invest, divest, or co-develop?
ALTEO is actively seeking opportunities for investment in wind, PV, and/or BESS assets in the above countries, aiming for an RtB-to-COD entry. The table below outlines some of ALTEO's strategic preferences as general guidelines.
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Looking to jointly develop or divest?
Reach out to ALTEO’s International Relations team — we welcome conversations beyond the framework outlined above.
Meet the International Relations team
Attila leads the organisational unit responsible for coordinating ALTEO’s international relations and supporting the company’s regional expansion strategy, in line with ALTEO’s publicly announced objectives through 2030. Prior to joining ALTEO, Attila built his career in the energy and industrial sectors, holding senior finance and strategy roles within multinational groups. His previous positions include management roles at MOL Group-affiliated companies and INA Group, where he worked in corporate finance, controlling, and business evaluation functions.
Panels, conferences, business forums
A live photo gallery will land here once marketing supplies the imagery — each photo with a short caption (event name + date).
Photos of Attila representing ALTEO at events.
Let's talk.
Email us about your project, ownership, asset class, and timeline. Attila will follow up directly.