Varo Energy

VARO Energy (VARO) is a diversified energy company headquartered in Zug, Switzerland with a presence in twenty-six countries. It operates across the energy value chains in manufacturing, storage and distribution, marketing and trading, with businesses in conventional energies and sustainable energies. In 2022, VARO announced its “ONE VARO Transformation strategy” which focuses on conventional and sustainable energies, with the latter based on five strategic growth pillars - biofuels, green hydrogen, biomethane & bio-LNG, nature-based carbon removals and e-mobility. VARO Energy's shareholders consist of the global investment firm, Carlyle Group and the global energy and commodities company Vitol. The company CEO is Dev Sanyal.

VARO owns a manufacturing hub in Cressier, Switzerland, a majority share in the Bayernoil manufacturing hub in Bavaria, 80% share in one of the largest European biogas facilities, in Coevorden, as well as storage facilities, distribution and marketing businesses across key European hubs. VARO also owns 100% share in elexon, a leading European developer of commercial vehicle charging, a 59.8% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs) in Asia and South America and 67.9% share in Road, an EV charging platform provider.