What is VERBUND in Austria?
VERBUND AG is Austria's leading electricity company and one of the largest producers of hydroelectric power in Europe. Headquartered in Vienna, the enterprise generates nearly all of its electricity from clean, renewable hydropower sources, supplemented by growing wind and photovoltaic portfolios. VERBUND owns, manages, and maintains an extensive high-voltage transmission grid infrastructure, playing a fundamental role in securing Austria's domestic power supply, facilitating European cross-border energy trading, and driving the continent's green energy transition.
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VERBUND AG is Austria’s leading electric utility company and one of the largest hydroelectric power producers in Europe.
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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.