What does VERBUND AG do?
VERBUND AG is Austria's leading electricity company and one of the largest producers of hydroelectric power in Europe, operating an extensive network of run-of-river and storage hydroelectric power plants located primarily across the Austrian Alps. The company generates clean, renewable electricity, manages high-voltage transmission grid infrastructure, and engages in European energy trading and power sales. In addition to its dominant hydroelectric asset base, VERBUND invests heavily in wind and solar power generation, grid digitalization, hydrogen production projects, and electric vehicle charging infrastructure, supporting the broader European transition toward decarbonized energy systems.
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VERBUND AG operates as a majority state-owned enterprise, with the Republic of Austria holding a controlling 51 percent stake in the utility provider.
VERBUND operates as a major European utility and energy enterprise dedicated to generating renewable electricity, operating transmission grids, and supplying power to industrial and residential markets.
VERBUND AG operates as a fully public corporate entity listed on the Vienna Stock Exchange and is included in the Austrian Traded Index.
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