About Conexus
Data last updated:
Conexus is a company based in Riga (Latvia) founded in 2016. It operates as a Managed Services. The company has 356 employees as of December 31, 2022. Conexus offers products and services including Gas Transmission, Gas Storage, and Solidarity Storage Service. Conexus operates in a competitive market with competitors including Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
- Headquarter Riga, Latvia
- Employees 356 as on 31 Dec, 2022
- SectorsEnergy & Utilities
- EmailLocked
- PhoneLocked
- WebsiteLocked
- SocialLocked
- Legal Name As Conexus Baltic Grid
- Annual Revenue$59.03 M (USD)-3as on Dec 31, 2022
- Net Profit$11.98 M (USD)-14as on Dec 31, 2022
- EBITDANot available
- Latest Funding Round$3.1 M (USD), Grant
Jul 01, 2019
- Investors
- Employee Count356
as on Dec 31, 2022
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Products & Services of Conexus
Conexus offers a comprehensive portfolio of products and services, including Gas Transmission, Gas Storage, and Solidarity Storage Service.
Gas transmission services are provided across Latvian regions.
Gas storage is managed at Inčukalns underground facility.
Solidarity storage services are offered for regional stability.
Funding Insights of Conexus
Investors in Conexus
Conexus has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | Locked | Locked | Locked |
Investor details for Conexus
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Investments & Acquisitions by Conexus
Investment portfolio details for Conexus
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Financial Statements - Conexus
Detailed financials for Conexus
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Conexus Comparisons
Peer comparison for Conexus
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Competitors of Conexus
Conexus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked | Shell is recognized as a global energy and petrochemical company. | |
| Locked | Locked | Locked | Energy production and transportation are conducted by Dominion Energy. | |
| Locked | Locked | Locked | Provider of exploration, production, and distribution services of oil & gas | |
| Locked | Locked | Locked | Gazprom is engaged in the exploration, production, and distribution of natural gas. | |
| Locked | Locked | Locked | Oil sands development, exploration, production, and refining are conducted. | |
| Locked | Locked | Locked | Electricity and natural gas distribution services are provided globally. |
Detailed competitors of Conexus
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Latest news on Conexus
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Frequently Asked Questions about Conexus
Conexus was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Conexus is headquartered in Riga, Latvia.
Zane Kotane is the current CEO of Conexus.
As of Dec 31, 2022, the latest employee count at Conexus is 356.
Annual revenue of Conexus is $59.03M as on Dec 31, 2022.
Conexus, operating as AS Conexus Baltic Grid, is involved in the transmission and storage of natural gas in Latvia. The company manages the Inčukalns underground gas storage facility, the only such facility in the Baltic states, ensuring supply stability across the region. Services are provided to certified gas traders under regulated tariffs set by the Public Utilities Commission. Additionally, Conexus collaborates in the unified gas market with Finland and Estonia, promoting market competition and supporting the development of a unified EU gas market. The company also focuses on sustainability through projects like biomethane integration and hydrogen corridor development.
Conexus's top competitors include Dominion Energy, Shell and Uniper.
Conexus offers Gas Transmission, Gas Storage, and Solidarity Storage Service.
Conexus has 1 investor. Key investors include European Union.