Verbund AG (VERv)

Overview

VERBUND AG, established in 1947 and headquartered in Vienna, Austria, operates in the energy sector by generating, trading, and selling electricity. Catering to a wide range of customers, including energy exchange markets, traders, electric utilities, industrial companies, as well as households and commercial users, VERBUND stands as a comprehensive energy provider. The company's operations are diversified across various segments, including Hydro, New Renewables, Sales, Grid, and Others, showcasing its expansive involvement in the energy supply chain. Moreover, VERBUND's commitment to renewable energy solutions is evident in its significant hydro, wind, and solar power capacities, alongside a minor presence in thermal power, underscoring its strategic move towards sustainability and energy transition.

Products and Services

• Hydropower

  VERBUND operates an extensive network of hydropower plants with a total capacity of 8,417 megawatts (MW), demonstrating its core competency in leveraging water resources for energy production. This renewable energy source plays a pivotal role in the company's portfolio, emphasizing its commitment to sustainable and clean energy generation.

• Wind Farms

  The company manages wind farms with a combined capacity of 798 MW. These facilities contribute to VERBUND's renewable energy mix, harnessing wind energy to produce electricity in an environmentally friendly manner.

• Solar Power

  With a capacity of 253 MW, VERBUND's involvement in solar energy showcases its efforts in expanding into diverse renewable energy sources. Solar power generation supports the company's sustainable energy goals, reducing reliance on fossil fuels and minimizing environmental impact.

• Thermal Power Plants

  VERBUND also operates two thermal power plants, marking its presence in the traditional energy sector. Though not the main focus of its operations, these facilities represent a component of the company's diverse energy production capabilities.

• Electricity and Gas Transmission and Distribution Networks

  The company owns and operates an electricity transmission network in Austria, ensuring the reliable delivery of power across the region. Additionally, VERBUND manages a gas transmission pipeline and distribution network, further bolstering its position as a key player in Austria's energy infrastructure. These networks play a crucial role in the everyday operations of the energy market, facilitating seamless energy supply and trade.

• Energy Trading and Retail

  Apart from energy production, VERBUND is actively involved in the trading and retailing of electricity and gas. This includes engagements with energy exchange markets, direct sales to electric utilities and industrial companies, and the provision of energy solutions to households and commercial customers. By offering these services, VERBUND not only diversifies its business model but also enhances its capacity to meet the energy needs of a broad range of customers.