A strategic consolidation to speed up the green transition
The merger brings Andel Energi, Clever and Watts into one consolidated company. Leaders say the combination is more than administrative: it’s intended as a strategic response to market headwinds and a way to concentrate capital and expertise where it can make the biggest climate impact.
The integration comes with a management reshuffle designed to steer the new group through the coming integration phase. From October 1, Casper Kirketerp-Møller, currently CEO of Clever, will take on the role of Chief Commercial Officer (CCO) for the combined group and lead the commercial execution of the merger.
Christina Nielsen, formerly Group CFO at DLG, will join as the new Chief Financial Officer. Communications head Rikke Harbo Trikker will see her remit expanded to lead both Communications and HR, while long-time CFO Ole Hillebrandt will step into retirement following a transition period.
Andel has already ramped up spending in 2025: the group put DKK 1.6 billion into the electricity grid and DKK 400 million into Clever’s charging network during the first half of the year. Management now expects total investments topping DKK 5 billion in 2025 as the newly combined company scales up green infrastructure and EV charging capacity.
Market pressure and the need for scale
The energy sector faces growing unpredictability and bottlenecks in renewable generation. Executives say the merger is intended to create scale and flexibility — enabling faster rollouts of charging infrastructure, smarter grid investments and better coordination between electricity supply and demand as electrification expands.
The integration comes despite recent financial pressures: holdings in Ørsted have weighed on results and left the group with a pre-tax loss in the latest reporting. Nevertheless, management frames 2025 as a year of strategic investment — sacrificing short-term profits to secure a stronger long-term position in Denmark’s energy transition.
Customers may see faster network growth, more integrated service offerings and coordinated investments that reduce bottlenecks between grid capacity and charging availability. For the industry, the merger signals increased consolidation and a push toward vertically integrated players that combine generation, distribution and end-user charging services.
