Verbund AG is Austria’s leading electricity company, primarily engaged in the generation, transmission and trading of energy. Established in 1947 through the consolidation of several regional power plants, the company has grown into one of Europe’s foremost producers of electricity from hydropower. Verbund operates an extensive portfolio of run‐of‐river and storage hydropower plants across Austria and neighboring Alpine regions, complemented by investments in wind and solar assets to reinforce its renewable energy mix.
In addition to power production, Verbund manages a high‐voltage transmission network that spans key corridors of the Central European grid. Through its transmission subsidiary, the company ensures secure and efficient delivery of electricity from its generation sites to wholesale customers, distribution system operators and industrial users. Verbund is also active in energy trading and portfolio management, leveraging its generation flexibility and cross-border interconnections to optimize wholesale market participation and secure competitive sourcing for end users.
Governed as a publicly listed joint‐stock company with the Austrian government as its majority shareholder, Verbund maintains a strong focus on sustainable growth and environmental stewardship. The company’s leadership team is responsible for driving strategic initiatives in digitalization, grid modernization and decarbonization. Verbund continues to explore innovative technologies such as battery storage and smart grid applications, positioning itself to meet evolving regulatory frameworks and customer demands for clean energy solutions across Europe.
Verbund’s operations extend beyond Austria into Germany, Switzerland and Italy, where it holds stakes in power stations and transmission projects. The company’s longstanding commitment to hydropower heritage, combined with an expanding renewable portfolio and robust trading capabilities, underpins its status as a key player in the European energy transition. Through ongoing investments in capacity upgrades and cross‐border partnerships, Verbund seeks to reinforce grid reliability and contribute to the region’s ambition of achieving climate neutrality by mid‐century.
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