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
AUTT: +43 503130
Sector
Utilities
Stock type
Defensive
Industry
Utilities - Renewable
Fiscal Year End
31 December 2026
Employees
4,385
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