Verbund AG - Company Profile
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Business Description
Verbund AG (Verbund) produces electricity from hydraulic, thermal, photovoltaic, and wind sources. The company generates renewable energy from different sources such as hydro, biomass, wind, and solar. It also operates an electricity transmission network in Austria and manages and controls its foreign and domestic equity interests.
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R&D Overview
Verbund is actively engaged in a variety of R&D initiatives focused on renewable energy, green hydrogen, energy storage, and digital innovations in hydropower. The company is developing new business models, services, and products along the entire value chain, with a strong emphasis on innovation symphony, which involves collaboration between internal and external stakeholders. Key projects include the VERBUND X Accelerator platform, partnerships with scientific institutions, and the development of innovative energy storage systems and digital solutions for hydropower. The company is also working on intelligent management of wind and solar farms through a scalable platform for smart monitoring. The R&D unit of Verbund is the Corporate Innovation & New Business department. This unit acts as a central interface that coordinates the company's innovation activities, creates transparency, and promotes interaction between various players. It works closely with all Verbund companies and external innovation partners, facilitating discussions through a range of innovation tools. In FY2024, the company spent EUR12 million, which as a percentage of revenue stood at 0.2% and declined 3.2% YoY.
Business Segments
Overview
Constitutes equity interests, energy services, thermal generation and services segment. It has equity interests in KarntnerElektrizitats AG It reports electricity and heat generation from natural gas. Offers new services for the electricity market of the future through energy services. Provides insurance, vehicle service and facility management services through VERBUND Services GmbH. In FY2024, the segment incurred a capital expenditure of EUR713.6 million, which grew 5.8% YoY.
Performance
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Overview
Operates an electricity transmission network through Austrian Power Grid AG in Austria. In FY2024, the segment incurred a capital expenditure of EUR2690.9 million, which declined 2.6% YoY.
Performance
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Overview
Operates and maintains hydro power plants. It produces and delivers clean, reliable and flexible base load and high-value peak load power to meet the needs of the modern energy market. Operates in Austria and Germany. In FY2024, the segment incurred a capital expenditure of EUR6105.3 million, which grew 2.5% YoY.
Performance
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Overview
Operates and maintains solar and wind generation technologies. It plans to produce and deliver clean, reliable and flexible base load and high-value peak load power to meet the needs of the modern energy market. Owns and operates wind power plants and solar farms in Austria, Romania and Germany. In FY2024, the segment incurred a capital expenditure of EUR1954.3 million, which grew 18.9% YoY.
Performance
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Overview
Encompasses the endeavors of VERBUND AG, VERBUND Finanzierungsservice GmbH, VERBUND Ventures GmbH, VERBUND Green Hydrogen GmbH, and VERBUND Green Hydrogen Sales GmbH. Additionally, it includes unconsolidated equity interests not assigned to a specific segment, as well as consolidations executed at the Group level.
Performance
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Overview
Comprises trading and sales activities of the company. It operates in major OTC and exchange markets in Europe through electricity trading, gas, CO2 certificates, guarantees of origin, and transport capacity. Provides flexible products, green electricity, customized products, and services in Austria and Germany's energy markets. Sells electricity and natural gas to major end markets such as households, agriculture, and commercial segments in Austria and Germany. In FY2024, the segment incurred a capital expenditure of EUR794 million, which grew 35.6% YoY.
Performance
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