Verbund AG

Since 1947, Verbund – founded as Österreichische Elektrizitätswirtschafts-AG – has helped shape the energy future of Austria and the world. After 76 years, VERBUND has become the largest and most climate-friendly electricity producer in Austria. Nearly 100% of the company's electricity comes from hydroelectricity, supplemented by wind and thermal power.

Verbund AG (Verbund) is an electricity generation, transmission, trading, and distribution corporation. It creates energy from renewable sources such as hydro, biomass, wind, and solar. The firm maintains power facilities and trades energy, gas, and certificates on European exchanges. It oversees and controls its domestic and overseas stock interests and operates the power transmission network through Austria Power Grid AG. It offers insurance, vehicle servicing, and facilities management.

The company runs 129 hydroelectric plants in Austria and Germany, servicing domestic, commercial, and agricultural clients and merchants and dealers in 12 countries, including Germany, Romania, and Austria. Verbund AG generates and distributes power through segmentation, renewable generation, sales, and all other sectors. All sales and transaction operations are in the Sales section. Other industries include energy services, heat generation, services, and equity investments.

Founded: 1947
Headquarters: Vienna, Austria
Website: https://www.verbund.com/