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VERBUND AG: Austria's Leading Energy Company

VERBUND AG is Austria's largest electricity supply company and one of the largest producers of hydropower in Europe. Founded in 1947, the company covers over 40% of Austria's electricity demand and generates around 96% of its electricity from hydropower[1][3].

Key Products and Services

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Electricity Generation: VERBUND focuses on the generation of electricity, particularly from hydropower. The company operates numerous power plants in Austria and Germany[1][3].
Electricity Trading and Distribution: VERBUND is active in electricity trading in 12 countries and offers its customers a wide range of energy products[1].
Online Services: The company provides its customers with comprehensive online services to manage bills, monitor electricity consumption, and change personal data[2].

Mission and Values

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VERBUND has a clear mission: the company aims not only to be economically successful but also to fulfill its social responsibility. Through the "Mission V" program, VERBUND strives to shape the future of energy supply sustainably[1].

Sustainability Goals and Initiatives

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VERBUND is committed to sustainable energy supply and invests in renewable energies. The focus is on hydropower, which is environmentally friendly and efficient. Additionally, the company is involved in initiatives to reduce the CO2 footprint and promote environmental protection measures[1][3].

Corporate Structure and History

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VERBUND AG has been listed on the Vienna Stock Exchange since 1988, with the Republic of Austria holding 51% of the shares[1][3]. The company's history is marked by significant milestones, such as the liberalization of the electricity market in the EU and expansion into the international market[5]. Today, VERBUND is active in several European countries and operates a comprehensive network of power plants and energy infrastructures[3][5].

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