person reading Montel magazine

This is the Montel Group

The Montel Group is a family of seven companies in five countries which provide all you need to track energy markets in real-time and assess the future direction. See how our journey has brought us all together, developed our company culture and why we're always looking for the next opportunity.

man writing on a computer

Beginnings

1989

Montel is established in Oslo as a vendor of Knight Ridder – the 4th biggest US media corporation at the time. 

bird's eye view of hydropowerplant

Liberalisation

1991

Norway deregulates the power sector, creating new markets. The World Wide Web also goes live. 

raindrops on a grey surface

Market info

1994

We launch DNXMontel, a Joint Venture with media group NHST, offering power market news & data.  

man writing on a computer

Market News

1997

Joint Venture with NHST ends and we hire our first news editor in Oslo. 

raindrops on a grey surface

Real-time-data

1998

We launch “Montel Internet Service”, pioneering the use of push technology to update market data in real-time. The newsdesk hires reporters in Norway and Finland.  

German Market

1999

We enter a Joint Venture with German publishers E&M and Trurnit. We also open a Stockholm office. 

powernews.org

2001

Montel wins the Microsoft Challenge award for “Most Innovative Business Solution”. We co-launch powernews.org with E&M – Europe’s first English-German news portal for the power markets. We also launch our technical analysis service and organise our first conference.  

Weather

2001

We enter product and sales cooperation with SMHI – the Swedish Meteorological and Hydrological Institute. 

Magazine

2002

The first edition of Montel’s magazine goes to press. 

Powermonitor

2005

Montel joins Powermonitor GmbH, a project to remotely monitor power plant production. A German district court rules against a claim by one of Germany’s top four producers that the monitoring service qualifies as industrial espionage. 

News bureaus

2007-2008

News bureaus open in Finland, France and the UK.  

GmbH

2011

We establish our German subsidiary Montel GmbH, headquartered in Stuttgart. 

Slovenia

2012

Montel acquire a minority stake in Slovenian news service Energetika.NET and open a New York bureau. 

Turkey

2013

We enter the Turkish market in partnership  with Foreks, a news and financial data firm. A German-language news service from Berlin is also established. 

Poland

2014

Our coverage of the Polish market begins with the hiring of a new correspondent. Daily Energietag newsletter in German also launched. 

AI and France

2016

Establishment of a new division within Montel to develop services based on AI/machine learning, whilst a French news service from Paris also goes live. 

Analytics and Spain

2017

Montel becomes Co-founders of  Energy Quantified, buys a majority stake in German risk management company price[IT], and launches a Madrid-based news bureau.  

Machine Learning

2018

Launch of spot price forecasts based on machine learning techniques. 

Events and production forecasting

2019

We exhibit at the E-World industry fair for the 19th consecutive year, hosting 20 co-exhibitors: an all-time high. We also organise 20 events across Europe, bringing together more than 2,000 delegates – a pre-Covid peak. 

Our AI division launches plant-specific forecasts for wind and run-of-river plants, as well as inflow to reservoirs – all based on machine learning technology.

New developments

2020

We establish an in-house content and marketing division to diversify marketing opportunities for clients throughout Europe, with and additional focus on boosting market penetration  in Europe and beyond. 

Formation of the Montel Group

2021

The Montel Group comprises six companies encompassing over 100 employees in 10 countries. The new corporate webpage showcasing all the services offered by the different entities in the Montel group is launched. We also start exploring business opportunities in Latin America and beyond.