50Hertz Valuation, Funding & Investors

50Hertz is valued at $6B as of March 2018.

Last 50Hertz valuation

$6B

Undisclosed stage · Mar 2018

Last 50Hertz funding round

$1.2B

Undisclosed stage · Mar 2018

Cumulative funding 50Hertz raised

$1.2B

across 1 funding round

Key investors in 50Hertz

50Hertz Overview

About 50Hertz

50Hertz is a transmission system operator managing the extra-high-voltage grid across northern and eastern Germany, serving 18 million people in Berlin, Brandenburg, Hamburg, Mecklenburg-Western Pomerania, Saxony, Saxony-Anhalt, and Thuringia. Its 10,200-kilometer network connects to Poland, Czech Republic, Denmark, and soon Sweden within the European grid. With 1,100 employees at ten locations, the company integrates over 50 percent renewable energy into annual consumption through grid expansions and balance management.


Founded

2010

HQ

GermanyGermany

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$6B (Mar 2018)

50Hertz Valuation

50Hertz is currently valued at $6B, based on its undisclosed-stage round in March 2018.

The $1.2B round included Elia Group.

50Hertz valuation by funding round

50Hertz valuation by funding round
DateStageValuation
Mar 2018Undisclosed stage$6B

50Hertz Funding History

50Hertz has raised a total of $1.2B across 1 funding round.

50Hertz funding rounds

50Hertz funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2018Undisclosed stageElia Group$1.2B$6BElia Group announced on March 23, 2018, its decision to acquire an additional 20% stake in Eurogrid, the holding company of 50Hertz Transmission GmbH, increasing its ownership from 60% to 80%. The transaction price was €976.5 million, financed via 70% hybrid and 30% senior debt, and was expected to close in Q2 2018 subject to regulatory approval. This followed Elia's 2010 acquisition of a 60% stake for an enterprise value of €486 million. 50Hertz is one of Germany's four transmission system operators, responsible for the extra-high-voltage grid in the northeast and east, supporting the Energiewende with high investments in grid infrastructure for renewable energy integration. The deal aimed to strengthen collaboration between Elia and 50Hertz, forming a leading group of European TSOs, with Elia entitled to fully consolidate 50Hertz post-transaction. Post-2018 financials show 50Hertz Transmission with 2018 revenues of €1,364.9 million and EBITDA of €475.0 million, up slightly from 2017's €1,330.2 million and €472.4 million, driven by CAPEX programs offset by lower pass-through costs. No specific 2018 valuation, revenue/ARR, or EBITDA figures near the March round date were provided in sources.

Who has invested in 50Hertz?

1 investor has backed 50Hertz across its funding rounds, including Elia Group.


50Hertz Investors

Investors in 50Hertz by funding rounds participated
InvestorHQRoundsRoleFirst check

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50Hertz Competitors

50Hertz competitors include listed companies like Tokyo Electric Power, Mercury NZ, Shanghai Electric Power and Torrent Power, and private ones like The Faraday Grid and SSEN Transmission.

Public and private companies comparable to 50Hertz
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
The Faraday GridUnited KingdomEdinburghPrivate--$3.7B-
Tokyo Electric PowerJapanJapanPublicly listed$41B$525M$5.7B1.0x
Mercury NZNew ZealandNew ZealandPublicly listed$1.9B$457M$5.6B3.6x
Shanghai Electric PowerChinaChinaPublicly listed$6.2B$2.6B$5.6B-
Torrent PowerIndiaIndiaPublicly listed$3B$595M$6.7B2.4x
SSEN TransmissionUnited KingdomInvernessPrivate--$7.7B-

50Hertz Public Comps

50Hertz is still privately-owned, but its public comps include EVN, Ormat, Suzlon Energy, Enel Chile, Hera, CMB.Tech, Nakilat, Southwest Gas Holdings, Tokyo Electric Power and Jinko Solar.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
EVN$3.5B$1.2B2.1x2.1x6.0x7.0x
Ormat$990M$534M9.1x8.0x16.9x14.4x
Suzlon Energy$1.7B$298M3.4x2.9x19.6x16.5x
Enel Chile$4.5B$1.3B1.4x1.4x4.8x4.3x
Hera$15B$1.6B0.8x0.8x7.1x6.3x
CMB.Tech$1.7B$910M6.7x5.3x12.2x8.4x
Nakilat$1.1B$963M10.2x9.9x11.8x14.3x
Southwest Gas Holdings$1.9B$844M4.9x4.9x11.3x10.6x

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Common questions about 50Hertz

When was 50Hertz founded?50Hertz was founded in 2010.
Where is 50Hertz headquartered?50Hertz is headquartered in Germany.
Is 50Hertz publicly listed?No, 50Hertz is a private, VC-backed company.
What is 50Hertz's valuation?50Hertz was last valued at $6B in its undisclosed-stage round in March 2018.
How much funding has 50Hertz raised?50Hertz has raised $1.2B across 1 funding round.
What was 50Hertz's last funding round?50Hertz's last funding round was a $1.2B undisclosed-stage round in March 2018.
Who are 50Hertz's investors?50Hertz's investors include Elia Group.
Which companies are comparable to 50Hertz?Companies comparable to 50Hertz include The Faraday Grid, Tokyo Electric Power, Mercury NZ, Shanghai Electric Power, Torrent Power and SSEN Transmission.

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