Description

VERBUND AG is an energy firm specializing in the generation and supply of electrical power. Based in Vienna, Austria, it maintains a workforce of 2,762 dedicated full-time staff. The corporation organizes its operations into several distinct divisions: Renewable Generation, Sales, Grid, and various other business areas. Utilizing its network of subsidiaries and collaborative ventures, the company manages the entire energy value chain, encompassing power generation, transmission, and global sales and marketing efforts. Within its Renewable Generation division, VERBUND primarily harnesses hydroelectric and wind power technologies. The Sales segment consolidates all of the company's commercial trading and distribution endeavors. Austrian Power Grid AG (APG) operates as the company's autonomous subsidiary responsible for grid operations, managing Austria's national electricity transmission infrastructure. The "All other segments" category comprises activities such as energy services, thermal power generation, various other services, and equity investments.