- Business
- Centrais Elétricas Brasileiras S.A. - Eletrobrás (now operating as AXIA Energia), founded in 1962 and headquartered in Rio de Janeiro, Brazil, serves as a leading holding company in the generation, transmission, and commercialization of electricity throughout Brazil, primarily through subsidiaries such as Eletrobras Furnas, Eletrobras Chesf, Eletrobras Eletronorte, Eletrobras Eletrosul, and others including CHESF, CGTEE, and Eletronet; its core operations encompass hydroelectric power plants (the majority of its approximately 44-51 GW installed capacity), wind farms, solar facilities, and transmission networks spanning over 73,000 km of high-voltage lines integrated into Brazil's National Interconnected System, with nearly all energy derived from low-carbon renewable sources serving distribution companies, large industrial consumers, free market traders, and regulated markets across the country. The company targets national energy infrastructure, urban and rural electrification, and sustainability-focused segments, maintaining stakes in around 62 special purpose entities dedicated to generation and transmission. Recent developments include its rebranding to AXIA Energia in October 2025 with new tickers AXIA3, AXIA5, and AXIA6 on B3 effective November 10, 2025, reflecting post-privatization shifts since 2022; completion of a 51% acquisition in Eletronet in April 2025 for full control of transmission assets; acquisition of the remaining 50.1% stake in Tijoá Energia (Tres Irmãos hydroelectric plant, 808 MW capacity) in October 2025 for BRL 247 million; divestment of its Eletronuclear stake to J&F for BRL 535 million and the final thermal plant Santa Cruz TPP, achieving a 100% renewable portfolio aligned with Net Zero 2030 goals; wins of four transmission auction lots requiring BRL 1.6 billion investment projected to add BRL 2.4 billion in revenue; and strategic partnerships such as with Google Cloud for AI weather forecasting and SEFE for green hydrogen supply to Europe.