VERBUND AG
Budget
€400 — €0
EP Access
2
accredited persons
Staff
6
3 FTE
EU Grants
€147,395
Mission & Goals
VERBUND is Austria's leading electricity company and one of the largest producers of electricity from hydropower in Europe. In 2024 Verbund achieved an annual revenue of 8.2 billion Euro with approx. 4400 employees. VERBUND covers all sectors of the energy supply chain – from the production and transportation of electricity to international sales and marketing. Approx. 96% of the electricity generation originates from renewable sources, with the majority stemming from hydropower. VERBUND’s hydropower plants, mainly located in Austria and Bavaria (Germany), have a capacity of 8.7 Gigawatt (GW). The production portfolio is supplemented by wind, photovoltaic and two thermal power plants. VERBUND's unbundled subsidiaries Austrian Power Grid (APG) and Gas Connect Austria (GCA), operate Austria's tranmission systems for electricity and gas respectively.
EU Legislative Interests
- Clean Industrial Deal - Affordable Energy Action Plan - Electrification Action Plan - Simplification Omnibus - EU Hydrogen Import Strategy - Sustainable Finance / Taxonomy - Grids Action Plan - EU Energy Taxation Directive - Whitebook for the further integration of the Energy Union - Industrial Acceleration Act
Communication Activities
- VERBUND annual reception (November 2024 & 2025) - VERBUND support of the IHA & Eurelectric Paris Pledge (committing to pumped storage to secure Europe's clean energy future)
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
- Österreichs Energie - Österreichs E-Wirtschaft - EURELECTRIC (via Österreichs Energie) - IV - Industriellenvereinigung Österreich - BDEW - Bundesverband der Energie- und Wasserwirtschaft - Verband der Bayerischen Energie- und Wasserwirtschaft e.V. (VBEW) - Energy Traders Europe - VGB Power Tech - Hydrogen Europe - EU Hydropower Alliance - CDU-Wirtschaftsrat (Landesgruppe Brüssel)
Organisation Members
Not applicable
Additional Information
VERBUND declares the information on grants received for the last financial year closed. Furthermore, VERBUND also declares information on grants received for its unbundled independent transmission system operators Austrian Power Grid (APG) and Gas Connect Austria (GCA).
Commissioner Meetings
No recorded meetings with EU commissioners.