What is ALTEO?
ALTEO is a future-oriented energy and circular-economy company that supports the green transition with smart, flexible and safe solutions. Its activities range from renewable generation, energy storage and production management to industrial energy services and value-creating circular-economy solutions from waste.
With continuous innovation, digital competences and complex, tailored services it helps its partners turn their sustainability goals into measurable business results, while contributing through its own operation to building a more efficient, safer and more sustainable future.
Company details
Group structure
ALTEO Nyrt. and its ownership stakes. Interests are held at 100% ownership, except where individual percentages are indicated.
ALTEO Nyrt. as the parent company and the consolidated group members with their ownership stakes. The structure is built from the data list and can be extended by adding new companies. The dashed line indicates the direct ALTEO Nyrt. shareholding; the remaining share is held through the intermediate holding company.
Our milestones
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2008Founding of the ALTEO Group
The company was founded on 19 March 2008; the founding owners designated electricity generation as its main activity.
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2009Entry into electricity trading
ALTEO Energy Trading Plc.’s electricity retail activity started on 1 January; at the same time the first acquisitions (Hidrogáz, Győr Power Plant, Sopron Power Plant).
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2010Conversion to public limited company
In September ALTEO was converted into a public limited company (Plc.).
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2015Sinergy Csoport akvizíciója
Acquisition of the Sinergy Group from the ELMŰ-ÉMÁSZ Group — integrating its production-management capability.
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2016BÉT tőzsdei bevezetés (Standard)
On 7 November ALTEO’s shares were listed in the BSE Standard category.
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2018First battery storage + BSE Premium category
A battery storage unique in Central-Eastern Europe was inaugurated in August; on 12 September ALTEO moved to the BSE Premium category.
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2019
Launch of the Waste-Management Division
The third profit centre launched in early January; the 2020–2024 strategy was unveiled in November.
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2020ALTE-GO (e-mobility) launches
In October ALTEO launched its e-mobility-focused business under the ALTE-GO brand; in December the renovation of the 100+ year-old Gibárt Hydropower Plant was completed.
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2022
New five-year strategy + 75% FE-Group
Publication of new strategy, >75% stake in the FE-Group waste-management company, Sustainalytics ESG certification.
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2023Change of ownership + new Regulation Center
On 21 March MOL RES and private equity funds acquired a 73.807% stake; on 9 May a renewables-based aFRR Regulation Center was established — a first in Hungary.
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2024Doubling solar capacity + FE-Group 100%
A 20 MWac solar plant in Nógrád county was commissioned on 22 August; on 31 October ALTEO became 100% owner of FE-GROUP; EcoVadis Silver rating (top 15%).
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2025DRS waste processor + new HQ
On 16 June Hungary’s most modern DRS waste-processing plant was inaugurated; in September ALTEO moved to the BudaPart DOWNTOWN LEED Gold office building.
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202515th anniversary of stock-exchange listing
On 15 November ALTEO celebrated the 15th anniversary of its stock-exchange listing, with revenue 18× higher than at the start.
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2026PICASSO akkreditáció
On 20 February ALTEO met the precondition for joining the PICASSO platform.
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2026Hungary's largest electricity storage facility
On 26 February ALTEO commissioned the 100 MWh electricity storage facility in Győr.