Land Powered by the Flow
VERBUND is Austria’s number one address for electricity. Behind this is more than just a 60-year-old success story. Founded in 1947, we have consistently further developed as a company: from the electric motor for Austria’s reconstruction to a leading producer of electricity from hydropower and a pacemaker for clean electricity in Europe. Day after day, our employees deliver top performances for our customers.
Actively shaping the turnaround
Together with subsidiaries and partners, we implement all steps: from the electricity production via the transport and distribution right through to trade and marketing. In the face of increasingly scarce resources, environmentally friendly energy carriers and forward-looking solutions are demanded for responsible people. VERBUND is a driving force that is accompanying the turnaround and going new ways in many areas.
Success with hydropower
Hydropower represents VERBUND’s stable foundation. Low-carbon thermal power, as well as wind power, adds to the sustainable energy mix. The environmentally friendly and affordable generation of electricity forms the basis for economic success. In our capacity as Austria’s largest electricity producer, we cover more than 40 % of Austria’s electricity requirement. Hydropower is currently the only competitive renewable energy source for electricity production; in future we will also continue to primarily invest in its expansion.
Austria’s largest supergrid
The grid of VERBUND subsidiary Austrian Power Grid AG forms the stable backbone of Austrian power supply and safeguards the international electricity exchange: Around half of the electricity consumed in Austria is transported via this, the country’s largest and most powerful power grid. In order to ready it for growing demands, we are continuously investing in the grid infrastructure. The completion of the 380-kV Austria ring will safeguard the reliable supply of millions of people with electricity in the future.
An economic factor for Austria, know-how for the world
A major part of our economic performance flows back into society. VERBUND is majority owned by the Republic of Austria. Therefore, more than 400 million Euro are returned to benefit the Austrian people in the form of dividends, taxes and contributions alone. Moreover, VERBUND electricity creates jobs and strengthens the economy: We employ some 3,000 employees and open new markets with our infrastructure projects.
By way of example, the construction of Limberg II pumped storage power plant in Kaprun/Salzburg annually resulted in around 800 additional employees plus contracts for companies in the region. VERBUND is a recognised player on the international marketplace. With decades of experience in the planning and construction of hydropower plants, VERBUND has acquired an international reputation as a hydropower specialist. A fact that is appreciated by customers and partners around the globe.