eny­way GmbH has filed for insolvency

Last Wednes­day, the Ham­burg-based sus­tain­abil­i­ty online plat­form eny­way GmbH filed for insol­ven­cy with the Ham­burg Dis­trict Court. Jus­tus von Buch­waldt, a part­ner in the insol­ven­cy and restruc­tur­ing law firm BBL Brock­dorff, has been appoint­ed as pro­vi­sion­al insol­ven­cy administrator.

As part of its plat­form, eny­way enables pri­vate elec­tric­i­ty pro­duc­ers to sell elec­tric­i­ty direct­ly to end cus­tomers and end con­sumers to par­tic­i­pate direct­ly in crowd-fund­ing projects in the sus­tain­abil­i­ty sec­tor. The explo­sive increase in whole­sale elec­tric­i­ty prices at the end of 2021 has eco­nom­i­cal­ly over­whelmed eny­way, so that the sup­ply ser­vice for elec­tric­i­ty cus­tomers cur­rent­ly had to be dis­con­tin­ued. How­ev­er, the sup­ply of elec­tric­i­ty to cus­tomers is still ensured: The so-called sub­sti­tute sup­ply is car­ried out by the elec­tric­i­ty provider who is respon­si­ble for the basic sup­ply in the respec­tive region.

“Our elec­tric­i­ty cus­tomers do not have to fear any eco­nom­ic loss­es, as the cur­rent basic sup­ply tar­iffs are gen­er­al­ly even below the cur­rent eny­way tar­iff,” explains com­pa­ny founder Heiko von Tschis­chwitz. Cus­tomers had also been con­tact­ed direct­ly about this. The insol­ven­cy of eny­way also has no influ­ence on the val­ue of the loans paid in by cus­tomers as part of the crowd­fund­ing for a solar plant and a for­est project in Bor­neo, empha­sizes von Tschis­chwitz. Eny­way act­ed here only as an inter­me­di­ary, and the repay­ment of the loans,includ­ing inter­est, was made by the issuers at the sched­uled time.

“Regret­tably, the record lev­el of whole­sale elec­tric­i­ty prices is lead­ing to an increas­ing num­ber of insol­ven­cies among, of all peo­ple, green pow­er sup­pli­ers,” Jus­tus von Buch­waldt said. He hopes to be able to con­tin­ue eny­way’s busi­ness oper­a­tions in some areas and has already filed an appli­ca­tion for insol­ven­cy ben­e­fits pre­fi­nanc­ing for the 30 employees.

About BBL Brockdorff
For many years, BBL has been one of the lead­ing law firms nation­wide with a clear focus on spe­cial sit­u­a­tions — restruc­tur­ing, reor­ga­ni­za­tion and insol­ven­cy. With more than 200 employ­ees, includ­ing 50 lawyers, the firm is present through­out Ger­many and also has an office in Lon­don. BBL stands for the sup­port of restruc­tur­ing projects for cri­sis man­age­ment and for the sup­port of insol­ven­cy pro­ceed­ings in self-administration.