Verbund AG

Company Profile

• Business description

  Founded in 1947 through a nationalization act, Verbund is the leading power producer in Austria. The Austrian state owns 51% of its capital. Hydro accounts for more than 90% of the total power output. Hydro power is generated from reservoirs and pumped storage plants in the Austrian Alps, and run-of-river plants in Austria and southern Germany. Total hydro capacity amounts to 8.4 GW. Verbund also owns the Austrian electricity grid through its fully owned subsidiary AP. In 2021, the firm acquired 51% of Gas Connect Austria, a gas transmission and distribution system operator. The group also owns one CCGT and is involved in trading and development of wind and solar capacity.

• Contact

  Am Hof 6a
  Vienna1010
  AUT

  T: +43 503130

  E: [email protected]

  https://www.verbund.com

• Sector

  Utilities

  Stock type

  Defensive

• Industry

  Utilities - Renewable

  Fiscal Year End

  31 December 2024

  Employees

  4,115