VERBUND AG is a vertically integrated utility company and Austria's leading electricity provider. The company's business model spans the entire energy value chain, including the generation, transmission, trading, and sale of electricity. VERBUND generates more than 90% of its electricity from renewable sources, predominantly through its extensive portfolio of run-of-river and pumped-storage hydropower plants in Austria and Bavaria, supplemented by growing wind and solar photovoltaic assets across Europe. The company operates through several key segments: Hydro, New Renewables, Sales, Grid, and All Other. The Grid segment is particularly significant, as VERBUND owns and operates Austria's supraregional high-voltage transmission network through its independent subsidiary, Austrian Power Grid AG (APG), which plays a critical role in the country's security of supply. Revenue is primarily driven by electricity generation and wholesale trading, with grid tariffs also providing a stable, regulated income stream. The Republic of Austria holds a constitutionally mandated 51% majority stake in the company, providing strong sovereign backing. VERBUND's strategic focus is on the energy transition, with substantial capital expenditures directed toward expanding its onshore wind, solar, and pumped-storage capacities, as well as upgrading grid infrastructure to support decarbonization.
