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Holding Slovenske elektrarne

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A Slovenian energy holding company focused on electricity generation, renewable power and wholesale electricity activity.

Last updated August 22, 2026

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Overview

Holding Slovenske elektrarne, commonly known as HSE, is a Slovenian energy holding company and the central organization of the HSE group. It is one of Slovenia’s leading energy businesses and has an important role in the country’s wholesale electricity market. The group’s operating base is primarily electricity generation, with a strong emphasis on renewable power produced by hydroelectric facilities and an expanding portfolio of solar installations. HSE’s generation assets are associated with major Slovenian river systems. Through Dravske elektrarne Maribor, the group operates hydroelectric facilities on the Drava River; through Soške elektrarne Nova Gorica, it operates facilities connected with the Soča River. The group also has hydroelectric activity on the Sava River and operates the Avče pumped-storage power plant. Pumped storage gives the electricity system a way to shift energy between periods of lower and higher demand, complementing conventional hydroelectric generation. Solar power plants form another part of the group’s renewable-energy portfolio. The HSE group is organized through a network of subsidiaries and associated operating businesses. These include Dravske elektrarne Maribor, Soške elektrarne Nova Gorica, HSE Invest, HSE - Energetska družba Trbovlje, ECE, ENERGIJA PLUS, HSE SAŠA, RGP, HSE Balkan Energy, HSE MAK Energy, HSE BH Energetsko preduzeće and HSE Praga. Their activities extend beyond power-plant operation into energy services, investment and engineering, retail or supply-related operations, regional trading and other supporting activities. Within Slovenia’s energy system, HSE combines asset ownership and operation with electricity-market participation. Its position is therefore broader than that of a single generating brand: the group represents a portfolio of generation companies, energy businesses and infrastructure-related capabilities. The available reference material identifies HSE as Slovenia’s largest producer of electricity from renewable sources, although detailed production figures, financial information, leadership data and corporate chronology are not provided here.

History

Holding Slovenske elektrarne is the umbrella organization of the HSE group, one of Slovenia’s principal electricity businesses. Its identity is closely tied to the development and operation of renewable electricity assets, especially hydropower. Rather than being limited to one generating station or one regional utility, HSE brings together several generation companies and energy-related subsidiaries under a common group structure. The group’s operating history and business profile are represented by its major river-basin companies. Dravske elektrarne Maribor manages hydropower activity on the Drava, while Soške elektrarne Nova Gorica represents generation connected with the Soča. HSE also operates hydroelectric assets on the Sava and the Avče pumped-storage plant. Together, these assets give the group a geographically distributed Slovenian generation portfolio and a mix of conventional run-of-river or reservoir-related hydroelectric operations and storage-enabled capacity. HSE’s role has expanded beyond physical generation. The group includes HSE Invest and other businesses that support investment, engineering and energy infrastructure activity. ECE and ENERGIJA PLUS broaden the group’s presence in energy-related commercial services, while HSE Balkan Energy, HSE MAK Energy, HSE BH Energetsko preduzeće and HSE Praga indicate activity or corporate presence connected with regional energy markets. HSE SAŠA, RGP and HSE - Energetska družba Trbovlje are additional group entities identified in the available reference material. Solar power has become another component of the group’s renewable portfolio. The combination of hydroelectric, pumped-storage and solar assets places HSE within the wider transition of Slovenia’s electricity system toward renewable generation and greater flexibility. Hydropower remains the defining part of its operating profile, while pumped storage can support balancing and solar generation adds a complementary variable renewable source. HSE is also described as a key participant in Slovenia’s wholesale electricity market. This market-facing role means that the group’s significance extends beyond the volume of electricity produced at its own plants: it also concerns the scheduling, marketing and commercial management of electricity within the national and regional power system. The supplied sources do not provide a detailed chronology of HSE’s establishment, ownership arrangements, production figures, financial performance, executive leadership or major corporate decisions. Those details are therefore left unspecified rather than inferred.

Products and positioning

A major Slovenian electricity group positioned around renewable generation, hydropower assets and participation in the wholesale electricity market.

  • Renewable electricity generation

    Hydroelectric power generation

    HSE’s core activity is the generation of electricity from hydropower. The group operates or oversees hydroelectric facilities associated with the Drava, Sava and Soča river systems through businesses including Dravske elektrarne Maribor and Soške elektrarne Nova Gorica. Hydropower is the central element of HSE’s renewable-energy identity and its position in Slovenia’s electricity market.

  • Electricity storage and generation

    Avče pumped-storage power plant

    The Avče pumped-storage plant is a major HSE asset. Pumped-storage facilities can use electricity to move water to a higher reservoir and later release it to generate power, allowing electricity production to be shifted across time. This gives the group a flexible generation and balancing capability alongside its conventional hydroelectric portfolio.

  • Renewable electricity generation

    Solar power generation

    HSE operates several solar power plants as part of its renewable-generation portfolio. Solar capacity complements the group’s established hydropower business and contributes to the diversification of its electricity sources. Specific plant names, commissioning dates and capacity figures are not provided in the available reference material.

  • Energy trading and supply

    Wholesale electricity and energy services

    The HSE group is a significant participant in Slovenia’s wholesale electricity market. Its wider subsidiary network also covers energy-related commercial, investment and engineering activities. The available material does not distinguish the precise services, customer segments or geographic scope of each subsidiary, so this offering is described at group level.

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