Vattenfall AB (Vattenfall) is a state-owned energy company that generates, distributes and sells electricity and heat. The company also conducts gas and energy trading sales. Vattenfall generates power through various sources of energy including wind, nuclear, hydro, natural gas, solar, coal, biomass and waste and produces and distributes district heating and supplies to households and industries in metropolitan areas. In addition, the company provides energy services such as battery storage, network services, charging solutions for electric vehicles, heat pumps, solar panels and smart meters. It serves households, businesses, electricity and gas customers. It has presence in Denmark, Finland, Germany, the Netherlands and the UK among others. Vattenfall is headquartered in Solna, Stockholm, Sweden.
Headquarters
Sweden
Address
Evenemangsgatan 13C, Solna, Stockholm, 16992
Website
group.vattenfall.com
Telephone
46 8 7395000
No of Employees
18,883
Industry
Alternative Energy
Revenue (2021)
$21.0B
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Products and Services
| Products | Services |
|---|---|
| Electricity | Distribution and Sale of Electricity and Heat |
| Heat | Energy Trading |
| Energy Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In June, the company and Air Liquide signed a long-term power purchase agreement (PPA) for 115 MW or around 500 GWh per year, of renewable electricity from the offshore wind farm Hollandse Kust Zuid. |
| 2022 | Contracts/Agreements | In June, the company agreed to acquire 85% stake in Vidar and Poseidon offshore wind farms in Gothenburg, Sweden from Zephyr. |
| 2022 | Contracts/Agreements | In June, the company agreed to sell the 1.4GW gas-fired power plant Magnum in the Netherlands to RWE for US$534 million. |
Competitor Comparison
| Key Parameters | Vattenfall AB | Electricite de France SA | Enel SpA | E.ON SE | Equinor ASA |
|---|---|---|---|---|---|
| Headquarters | Sweden | France | Italy | Germany | Norway |
| City | Solna | Paris | Rome | Essen | Stavanger |
| State/Province | Stockholm | Ile-de-France | Lazio | Rheinland-Pfalz | Telemark |
| No. of Employees | 18,883 | 163,423 | 66,279 | 69,733 | 21,126 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mats Granryd | Chairman | Executive Board | 2022 | - |
| Anna Borg | Chief Executive Officer; President | Senior Management | 2020 | 51 |
| Kerstin Ahlfont | Chief Financial Officer; Senior Vice President | Senior Management | 2020 | 51 |
| Anne Gynnerstedt | Secretary; General Counsel; Senior Vice President | Senior Management | 2012 | 65 |
| Torbjorn Wahlborg | Senior Vice President; Head - Generation Business Area | Senior Management | 2015 | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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