October 2026
Largest Utilities Public Companies in France
Benchmark revenue and EBITDA valuation multiples for public comps like
Engie, Rubis, Electricite De Strasbourg, Haffner Energy and MINT.
 | Engie is a French energy and utility group headquartered near Paris and formed from the merger of Gaz de France and Suez. It develops and operates electricity generation, gas infrastructure, renewable energy, district heating and cooling and energy-services businesses for companies, public authorities and consumers. Revenue comes from power and gas sales, regulated and contracted infrastructure income and long-term energy-service agreements. The company has expanded district-cooling operations across the Middle East as part of its lower-carbon infrastructure strategy. Its acquisition of a 40% Tabreed interest created a strategic partnership with Mubadala in a regional cooling network operator. Engie serves B2B, B2C and B2G customers through activities spanning Utilities, Energy Production, Renewable Energy and Energy Services. | $26 | +11% | $66B | $138B | 1.7x | 8.8x | ||
| Rubis SCA specializes in bulk liquid storage and the distribution of petroleum products. The company's operated businesses are Rubis Terminal, Rubis Energie, and Rubis Support and Services. Rubis Terminal stores, and Rubis Renouvelables. Its customers include energy and chemical groups, energy traders, and hypermarkets. The company's business segments are; Energy Distribution and Renewable Electricity Production. The majority of its revenue is generated from the Energy Distribution segment, which includes the retail and distribution of fuels, heating oils, lubricants, liquefied gases, and bitumen, as well as logistics, which includes trading supply, refining activity, and shipping. Geographically, the company derives maximum revenue from the Caribbean followed by Africa and Europe. | $39 | +8% | $4.1B | $6.2B | 0.8x | 7.7x | ||
| Electricite De Strasbourg SA is a France based energy company. The core activities of the company comprise the production of renewable energies, energy services, the supply of electricity and natural gas and electricity distribution. | $177 | -13% | $1.3B | $886M | 0.7x | 2.7x | ||
| Haffner Energy SA is the designer and builder of HYNOCA, a disruptive carbon-negative solution for producing competitive renewable hydrogen. | $1 | +186% | $154M | $156M | 103.6x | (11.3x) | ||
| MINT is offering the first green electricity that integrates real-time monitoring of its consumption, enabling control of its consumption and therefore a reduction in consumption. MINT's mission is to offer eco-responsible telecom and energy services. | $5 | -21% | $30M | - | - | - | ||
| Hydrogen De France is a global pioneer in hydrogen power. The company develops and operates high capacity large-scale Hydrogen-to-Power infrastructure to provide firm or on-demand electricity from renewable energy sources, combined with high power multimegawatt fuel cells. | $2 | -59% | $29M | - | - | - | ||
| Charwood Energy SA operates in the renewable energy sector. The company is an integrated player offering manufacturers, local authorities, and farmers tailor-made solutions for energy recovery from biomass (wood, agricultural waste, agricultural effluents, sludge from urban wastewater treatment plants, solid recovered fuels). The company meets customers' needs for heat, electricity, and green gases (BioCO2, BioGNV, Biomethane, Green Hydrogen) through prefabricated or traditionally constructed biomass and biogas boiler solutions, methanization, sanitization, and pyrolysis. | $5 | +24% | $23M | $27M | 2.6x | (22.7x) | ||
| Agripower France SA specializes in integrating energy solutions for the agricultural world. The company is mainly developing methanation units, a process that converts organic input materials (such as waste) into biogas. Its main activities are the study, design, installation, and maintenance of anaerobic digestion units on behalf of farmers. | $1 | -23% | $14M | $12M | 3.0x | (4.3x) | ||
| E-Pango SA specializes in supplying energy at the reasonable price to businesses and communities. | $0 | -18% | $8M | $9M | 21.3x | (18.7x) | ||
| Compagnie des Eaux de Royan is engaged in the purification and distribution of drinking water in France. | $39 | -11% | $7M | $7M | 0.8x | 7.3x | ||
| Groupe Okwind SA is specialized in developing solutions for short-circuit green energy production and use. The company offers smart, AI-based energy production management by bringing individuals, farms, industrial sites and local governments self-supply solutions that enable them to generate and use their own energy using smart, high-performance photovoltaic trackers. France account for all net sales. | $0 | -48% | $7M | $30M | 1.1x | (1.9x) | ||
| Methanor is engaged in financing agricultural biogas plants and enhances the biogas produced by transforming it into electricity. | $3 | -6% | $6M | $5M | 73.5x | - | ||
| Weya is a France-based company that specializes in wood energy (wood pellets or wood chips). The company is also involved in gas and solar energy. It takes care of the heat installation system, financing, installation of the boiler, delivery of the fuel, and maintenance. | $0 | -20% | $715K | $1M | 0.9x | (5.9x) | ||
| Median | $3 | -13% | $23M | $27M | 1.7x | (3.1x) |
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