Enel S.p.A. is a vertically integrated multinational utility company primarily engaged in the generation, distribution, and retail sale of electricity and natural gas. The company operates across the entire energy value chain, from power generation to end-user supply. Enel's business model is structured around several key segments: End-User Markets, which handles the retail sale of electricity and gas to residential and commercial customers; Enel Grids, which manages the operation and maintenance of electricity distribution networks; Thermal Generation and Trading, which operates conventional power plants and manages energy commodity trading; and Enel Green Power, which develops and operates renewable energy assets.
In 2024, Enel generated approximately €78.9 billion in total revenues. Before eliminations, the End-User Markets segment accounted for the largest share of gross revenues, followed by Thermal Generation and Trading, Enel Grids, and Enel Green Power. The company's geographic footprint is highly diversified, with its core markets being Italy and Spain (through its subsidiary Endesa), alongside significant operations in Latin America (including Brazil and Chile) and North America.
Enel is one of the largest power companies in Europe by market capitalization and installed capacity. A notable characteristic of the company is its transition toward decarbonization and electrification. Enel Green Power manages a large portfolio of renewable assets, including hydroelectric, wind, solar, and geothermal facilities, which account for a growing majority of the group's total electricity production. The company is also investing in grid modernization, digitalization, and electric mobility infrastructure to support the energy transition.
