- Business
- CEZ, a.s. (CEZYY) operates as the leading integrated energy conglomerate in Central and Eastern Europe, focusing on the generation, distribution, trading, and sales of electricity and heat; trading and sales of natural gas; coal extraction; and comprehensive energy services including electromobility infrastructure and energy efficiency solutions. The company maintains a diverse power generation portfolio encompassing nuclear power plants such as Temelin (2,000 MW) and Dukovany (2,000 MW), coal-fired stations including Prunerov, Pocerady, and Detmarovice, hydroelectric and pumped-storage facilities like Dlouhe Strany (650 MW) and Orlik (364 MW), wind farms notably Fantanele in Romania (600 MW), photovoltaic parks such as Ralsko (38 MW) and Sevětin (30 MW), and biogas plants. CEZ Group conducts operations across Czechia, Germany, Hungary, Poland, Romania, Slovakia, and Turkey, serving over 3.5 million customers with a workforce exceeding 33,000 employees; headquartered in Prague and founded in 1992, the Czech government holds nearly 70% ownership with shares listed on the Prague and Warsaw Stock Exchanges.
Recent strategic developments include the 2024 acquisition of a 55.21% stake in GasNet, Czechia's largest gas distribution operator, for EUR 846.5 million to bolster regulated assets and support hydrogen transition; a partnership with Rolls-Royce SMR acquiring a 20% stake to develop up to 3 GW of small modular reactors at sites including Temelin, Detmarovice, and Tusimice by the 2030s; and advancement of the Dukovany II nuclear expansion with Korea Hydro & Nuclear Power (KHNP) selected as preferred supplier for two new units under an $18-19 billion project where the Czech government takes an 80% stake. In 2025, CEZ Distribuce connected over 13,000 new solar plants adding 383.5 MW while planning 100-200 MW photovoltaic expansion in Slovakia; the company also secured non-Russian gas supplies via contracts with Algeria's SONATRACH and Germany's Stade LNG terminal, alongside hot water piping projects linking nuclear plants to cities like České Budějovice and Brno. Under the VISION 2030 - Clean Energy for Tomorrow strategy, CEZ targets climate neutrality by 2040, coal phase-out by 2030-2033, up to 6 GW renewables by 2030, nuclear output above 32 TWh annually, and emission intensity below 0.16 t CO2e/MWh.