CEZ a.s. operates as a vertically integrated utility, managing a diverse power generation portfolio that includes nuclear, hydroelectric, coal, wind, and solar facilities. The company's core business segments encompass power generation, electricity and gas distribution, retail sales, and mining operations. In addition to its domestic stronghold in the Czech Republic, CEZ provides energy services (ESCO) to industrial and municipal clients across Central Europe. The company recently expanded its natural gas footprint by acquiring GasNet, the Czech Republic's primary gas distribution network operator. As a state-backed entity, CEZ plays a critical role in regional energy security and is actively transitioning its portfolio toward renewable energy and small modular reactors (SMRs) to meet decarbonization targets.