- Business
- Verbund AG operates as Austria's leading electricity provider and one of Europe's largest producers of electricity from renewable sources, primarily hydropower; it generates, trades, transmits and sells electricity and related energy services across Austria, Germany and other European markets. Founded in 1947 and headquartered in Vienna, the company covers approximately 40% of Austria's electricity demand through a portfolio that includes around 20 storage power plants and 88 run-of-river plants with a total installed hydropower capacity of 6,600 MW, supplemented by wind farms, photovoltaic systems, thermal power plants such as Dürnrohr, Mellach and Neudorf-Werndorf II, green hydrogen production initiatives, battery storage systems, gas supply, e-mobility solutions including wallboxes and electromobility ecosystem packages, large-scale photovoltaic installations, energy trading on futures, spot and intraday markets, power purchase agreements (PPAs), emission allowances and comprehensive energy services encompassing optimization, forecasting, hedging, decentralized renewable generation, storage and participation in balancing energy markets. Verbund conducts operations through key subsidiaries including Austrian Power Grid AG for high-voltage transmission, Verbund Trading AG, Verbund Sales GmbH, VERBUND Energy4Customers, VERBUND Green Power GmbH and joint ventures such as those with voestalpine for hydrogen projects and along the Austrian-Bavarian border rivers Inn and Salzach; it serves household, SME, industrial and corporate customers in over 20 countries, with major markets in Germany, France and Italy. Recent developments include the full acquisition of photovoltaic provider SOLAVOLTA in August 2024 to expand capacities in private and SME segments for PV systems, storage, electromobility and heat pumps; partnership with Fluence Energy in July 2025 to develop over 92 MW / 186 MWh of large-scale battery storage in Germany toward a 1 GW target by 2030; expansion of the H2FUTURE green hydrogen plant with voestalpine in Linz announced July 2025, adding compression, purification and one-ton storage facilities at a cost of EUR 16.4 million; commissioning of a 1.3 MWp PV plant with Lenzing AG in August 2025 to bolster renewable portfolios; and issuance of EUR 500 million in green and sustainability-linked notes in April 2021 to fund environmentally friendly projects under its Mission V transformation program aligned with Strategy 2030 pillars of home market strengthening, European renewables expansion and hydrogen market entry.