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PannErgy Nyrt. is a Hungary-based company specializing in renewable energy production, with a primary focus on geothermal energy. The company engages in the development and operation of geothermal power plants and district heating projects, aiming to provide sustainable and environmentally friendly energy solutions. PannErgy is headquartered in Budapest, Hungary, and has strategically positioned itself to leverage the country’s geothermal resources. Its business model centers on the extraction and utilization of geothermal heat to supply thermal energy to various industrial and residential clients, thereby contributing to regional energy efficiency and sustainability. The company's competitive strength lies in its commitment to renewable energy and its ability to reduce carbon emissions through innovative geothermal technologies.

Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% of which, consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.6 mmb/d located in the Americas, Asia, Africa, and Europe and sells about 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.