Premier Energy

The story of Premier Energy began in 2012, not as a startup, but through the strategic vision of Czech businessman Jiří Šmejc and his investment fund, EMMA Capital. They entered the Romanian market in 2013 by acquiring natural gas distributors, laying the groundwork for what would become a major regional energy player. The strategy was clear: growth through acquisition. Over the next decade, Premier Energy executed a series of purchases, consolidating smaller gas and electricity companies and expanding its network. The company’s playbook focused on vertical integration. After establishing a strong presence in gas distribution in Romania, it expanded into the Republic of Moldova, becoming the largest electricity distributor and supplier there. A significant move came in 2022 when the company entered the renewable energy sector, quickly acquiring and developing over 1,000 MW of green energy capacity. This pivot aligned with European Green Deal initiatives, positioning the company for a sustainable future. A pivotal moment arrived in May 2024, when Premier Energy Group launched its Initial Public Offering (IPO) on the Bucharest Stock Exchange. The listing, the largest for an entrepreneurial company in Romania in five years, was a significant success, raising nearly EUR 140 million. The funds are earmarked to accelerate investments in renewable energy and expand operations. Led by CEO Jose Garza, the company now serves approximately 2.4 million customers in Romania and Moldova, cementing its role as a key player in the region's energy transition.