VERBUND is Austria’s leading electricity company and one of the leading hydro power producers in Europe. VERBUND operates 143 power plants with a combined maximum capacity of approximately 10,400 megawatts and an average annual production of around 35 billion kWh. Besides the Austrian market, Germany, France and Italy count among the core markets. Furthermore, VERBUND is one of the most climate-friendly electricity producers in Europe, covering some 40% of Austria’s electricity requirement. Since 1988, VERBUND has been quoted on the Vienna stock exchange; 51% of the share capital is owned by the Republic of Austria. VERBUND’s transmission activities take place via the independent transmission system operator VERBUND-Austrian Power Grid AG. VERBUND-Austrian Power Grid AG operates Austria’s most powerful high-voltage grid. Trading and wholesale: VERBUND is one of Europe’s most successful electricity traders and markets its own electricity via stock exchanges, as well as directly to re-distributors and key accounts. Private and Business Consumers: Since 1 July 2005, VERBUND has been selling electricity to over 300,000 end customers (i.e. 6% market share). In its 100% daughter company VERBUND Solutions GmbH (founded in 2014), VERBUND focuses on product and service development and implementation of new and innovative energy solutions.