Verbund AG

Verbund AG is a leading European utility company specializing in electricity generation, transmission, and trading, with its headquarters in Vienna, Austria. As Austria’s largest electricity provider, Verbund AG supplies around 40% of the country's electricity demand, producing approximately 90% of its output from environmentally friendly hydropower sources. The company also utilizes wind, solar, biomass, and, to a lesser extent, thermal power to diversify its renewable energy portfolio. Verbund AG operates an extensive network of hydropower plants in Austria and Germany and manages the national high-voltage grid through its subsidiary, Austrian Power Grid AG. Its activities encompass large-scale electricity production, energy trading on major European exchanges, and the distribution of power to household, commercial, and industrial customers across numerous European countries. As a majority state-owned enterprise (the Republic of Austria holds a controlling stake), Verbund AG plays a central role in supporting energy transition and sustainability initiatives, while maintaining robust operations in transmission infrastructure and the international trading of energy and related certificates.