VERBUND

What VERBUND does

VERBUND AG is Austria's largest electricity company and one of Europe's leading hydropower producers, founded in 1947 and headquartered in Vienna. The Republic of Austria holds a 51% controlling stake, with additional ownership concentrated among Austrian state-linked utilities. The company operates more than 130 hydropower plants — including run-of-river and pumped storage facilities — across Austria and Bavaria, supplemented by growing solar PV, wind, battery storage, and a green hydrogen development program.

The integrated platform spans generation (VERBUND Hydro Power, Green Power, Wind Power), trading and B2B supply (Energy4Business, Energy4Future), flexibility marketing (Energy4Flex), and retail supply to households and businesses (Energy4Customers) in Austria and Germany. Core products include the V-Strom tariff family (ÖSTERREICH, FLOAT, SPOT, ZONE variants), V-Gas CLASSIC, large-scale PV systems, heat pumps, EV charging solutions, battery storage partnerships, and the VISION key-account portal with the real-time Energy Performance System for industrial customers above 5 GWh/year. The TTTech ZYNE joint venture extends the stack into a real-time AI-driven energy management platform.

VERBUND makes money primarily through regulated and merchant electricity sales to residential, SMB, and industrial customers, plus recurring flexibility marketing and trading revenue from pumped storage and battery assets. Customer acquisition is product-led for residential/SMB via the website and app, while large industrial accounts (e.g., LANXESS, Voestalpine, Nordex) are managed through dedicated field sales. Pricing follows a social electricity tariff (6 ct/kWh up to 2,900 kWh/year), promotional retail tariffs (e.g., 5 months free electricity), and bespoke annual contracts for industrial customers. The 2025 EBITDA guidance midpoint is EUR 2,825M, with international commercial presence in Spain, Italy, Romania, and Albania supporting further growth.

Name

VERBUND

Legal name

VERBUND AG

Website

https://verbund.com

Company type

Public

Founded year

1947

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

VERBUND is Austria's largest integrated energy company and a leading European hydropower producer, generating 100% renewable electricity from 130+ plants and supplying residential, SMB, and industrial customers across Austria, Germany, and selected European markets.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)

SIC

Electric, Gas & Sanitary Services (4900), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Turbines, Generators & Hydromechanical Equipment Manufacturing (OEMs) (EUACAEAH)

Keywords

• Hydroelectric power generation
• Electricity supply services
• Renewable energy utility
• Grid flexibility services
• Green hydrogen production

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Supply (Retail): Sale of hydropower-generated electricity to residential, commercial, and industrial customers in Austria and Germany under various tariff plans.
2. Gas Supply (Retail): Sale of natural gas to retail and business customers, complementing the electricity product portfolio.
3. Renewable Energy Marketing: Marketing and trading of renewable energy from VERBUND's own generation fleet and potentially third-party renewables producers.
4. Flexibility Marketing: Commercialization of grid flexibility capacity from hydropower reservoirs and battery storage assets, providing balancing services to grid operators.
5. Battery Storage Services: Grid services and energy trading revenue derived from battery storage infrastructure across Germany.
6. Energy Solutions & Consulting: Advisory and implementation services for energy efficiency, solar installations, and EV charging infrastructure for business customers.
7. Green Hydrogen Production (H2FUTURE): Pilot production of green hydrogen for industrial offtakers such as steel manufacturers, contributing to decarbonization solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

VERBUND is Austria's largest electricity company, generating electricity from more than 130 hydropower plants (run-of-river and pumped storage) across Austria and Bavaria. It supplies 100% renewable hydropower-based electricity and natural gas to residential, commercial, and large industrial customers in Austria and Germany, while offering complementary solutions including battery storage, photovoltaic systems, e-mobility charging, green hydrogen, heat pumps, and energy management consulting services.

Product overview

VERBUND operates as Austria's largest electricity company and one of Europe's leading hydropower producers, offering a diversified energy portfolio through a platform-plus-products architecture. The core offering centers on 100% hydropower-based electricity supply (V-Strom ÖSTERREICH family with standard, FLOAT, SPOT, and ZONE variants) complemented by natural gas (V-Gas CLASSIC), while add-on modules extend the value chain including photovoltaic systems, battery storage solutions, heat pumps, e-mobility charging infrastructure, and green hydrogen. For business customers, VERBUND provides enterprise platforms including the Key Account Portal VISION with Energy Performance System (real-time control), flexibility marketing services, and Hydro Consulting for international project development. The TTTech ZYNE joint venture represents a new digital platform for real-time energy management. VERBUND Green Power and VERBUND Hydro Power subsidiaries manage renewable energy project development and operations across Europe.

Differentiator

Problem solved

Functional benefit

Brands

• VERBUND Energy4Business: Business energy solutions including electricity, gas, and energy services for corporate customers
• VERBUND Energy4Customers
• VERBUND Green Power
• VERBUND Hydro Power
• VERBUND Green Hydrogen
• VERBUND Ventures
• V-Strom
• VERBUND Now
• TTTech ZYNE
• Verbund Green Power

Products and services

• V-Strom Electricity Tariffs (V-Strom ÖSTERREICH / FLOAT / SPOT / ZONE) Electricity tariffs from 100% Austrian hydropower for private households, including standard fixed tariffs (V-Strom ÖSTERREICH), dynamic spot tariffs (V-Strom FLOAT, V-Strom SPOT), and zonal tariffs (V-Strom ZONE) that allow customers to benefit from market price fluctuations.
• V-Gas CLASSIC Natural gas supply tariff for households and businesses in Austria, sourced from Austrian production with transparent pricing through separate base and consumption rates.
• Industrial Electricity / Customized Energy Solutions Customized electricity solutions for industrial companies including battery storage systems, PPAs, green electricity and CO2 certificates, and other energy products and services, serving over 120 industrial clients in Austria and Germany.
• Photovoltaic Systems (Large-scale PV / PV Carport) Investment-free and risk-free photovoltaic systems for industrial companies and commercial properties, including carport installations that utilize parking area surfaces for solar energy generation.
• Battery Storage Systems Large-scale battery storage partnership models for Stadtwerke (utilities), industrial customers, and project developers, offering cooperation models including lease, joint venture, and marketing approaches with 110 MW/130 MWh already operational at 15 sites in Germany.
• E-Auto-Ladelösungen / Wallbox (EV Charging Solutions) Electric vehicle charging solutions including home charging stations (Wallbox go-e-charger), mobile solutions for on-the-go charging, and public charging infrastructure through SMATRICS partnership.
• VERBUND-Wärmepumpe (Heat Pump Solution) Complete heat pump solution including outdoor unit, hot water cylinder, and electricity tariff specifically designed for heat pump systems, enabling efficient and environmentally friendly heating.
• VERBUND Green Hydrogen Green hydrogen as a logical extension of the value chain, positioning VERBUND as a holistic decarbonization partner offering both green power and green hydrogen for customers' climate targets.
• Hydro Consulting Comprehensive hydropower consulting services covering asset services, asset management, asset support, and green asset development, with international presence across 18 countries including Mexico, Germany, Spain, and Indonesia.
• Key Account Portal VISION Central sales and trading platform for companies with annual electricity consumption of at least 5 GWh, combining modern online services, energy management tools, and access to the Energy Performance System for real-time control.
• Flexibility Products Flexible marketing solutions for energy suppliers, industrial companies, and green electricity producers, including access to short-term energy markets and battery storage marketing to maximize revenue streams.
• Green Electricity Direct Marketing Marketing solutions for green electricity producers (small-scale hydropower, solar, wind) including direct marketing, green certificates, regionality, and labeling services to effectively market renewable energy.
• TTTech ZYNE Real-time energy management platform developed through joint venture between VERBUND and TTTech for smart control of energy production, storage, and consumption, combining energy market expertise with industrial automation and safety-critical systems know-how. Solution offered from mid-2025.
• VERBUND Now App Smartphone application for spot tariff customers providing smart energy overview with one-click access to electricity costs and consumption planning and optimization tools.

Quantifiable outcome

• 100% renewable hydropower generation — zero CO₂ emissions from own generation
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and major.

• TTTechcoreStrategic or Co-development PartnerVERBUND and TTTech formed the joint venture 'TTTech ZYNE' to develop and deploy a real-time AI-driven energy management platform. The platform leverages VERBUND's hydropower operational data and TTTech's real-time software expertise to optimize grid flexibility, hydroelectric plant performance, and battery storage dispatch.
• Nordex GroupcoreStrategic or Co-development PartnerVERBUND entered into a wind turbine supply agreement with Nordex Group covering 700 MW of capacity across six countries. The deal integrates Nordex turbines with VERBUND's energy management and commercial arrangements, expanding VERBUND's renewable generation footprint through a structured turbine procurement partnership.
• LANXESSmajorGTM or Marketing PartnerVERBUND supplies green electricity to LANXESS, a specialty chemicals company, under a direct supply agreement. The partnership supports LANXESS's sustainability targets by displacing conventional grid electricity with VERBUND's 100% hydropower-generated renewable energy.
• VoestalpinecoreStrategic or Co-development PartnerVERBUND is a key partner in Voestalpine's green steel initiatives, notably the Hy4Smelt and H2FUTURE projects. VERBUND provides renewable electricity and green hydrogen for low-emission iron ore reduction, contributing to the decarbonization of steel production — one of the most carbon-intensive industrial processes.
• Donaukraftwerk JochensteincoreOthersVERBUND holds a majority stake in Donaukraftwerk Jochenstein, a major run-of-river hydropower plant on the Danube river. This is a subsidiary asset that forms a core component of VERBUND's domestic generation fleet.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Statkraft: Norway's state-owned power generator and Europe's largest producer of renewable energy, with a portfolio dominated by hydropower. Statkraft is the closest direct peer to VERBUND: same state-controlled utility model, comparable European hydropower asset base, and similar exposure to Nordic/Alpine flexibility markets and industrial PPA customers.
• Alpiq: Swiss integrated electricity producer and trader with significant Swiss and European hydropower assets, including pumped storage and run-of-river plants. Alpiq directly competes with VERBUND in the Alpine hydropower flexibility market and continental European B2B electricity supply.
• BKW Energie: Swiss integrated energy company combining hydropower generation with electricity trading, grid services, and energy solutions for industrial customers. Overlaps directly with VERBUND's pumped storage flexibility offering and Alpine hydro generation profile.
• Axpo: Switzerland's largest producer of renewable energy, with a portfolio led by hydropower (run-of-river and pumped storage). Axpo competes with VERBUND for flexibility services, industrial PPAs, and renewable electricity supply across Central Europe.

Broad incumbents

• EDF (Électricité de France): France's state-controlled integrated utility with one of Europe's largest hydropower fleets plus nuclear generation. EDF competes with VERBUND across French and European B2B electricity supply and flexibility services, but operates a much broader, more diversified portfolio.
• Enel SpA: Italian-headquartered multinational utility with significant renewable generation across Europe and South America. Overlaps with VERBUND in retail electricity supply in Italy and broader European flexibility/renewable markets, but operates a far larger and more diversified portfolio.
• Iberdrola: Spanish-headquartered global renewables leader with large-scale hydropower and pumped storage assets across Spain and the UK. Competes with VERBUND in European corporate PPA markets and flexibility services, but is far larger and more diversified across wind and solar.
• E.ON: Germany-headquartered integrated utility focused on distribution networks, customer solutions, and energy services across Europe. Competes with VERBUND's German B2B retail and energy solutions business, but does not operate large-scale generation assets of its own.
• Engie: France-based global utility with significant hydropower, renewables, and flexibility assets across Europe and emerging markets. Competes with VERBUND in corporate renewable PPAs and grid services but operates a much broader portfolio spanning gas, nuclear, and services.
• RWE: Germany-headquartered utility transitioning from coal to large-scale offshore wind and renewables with growing battery and pumped storage exposure. Competes with VERBUND in German B2B electricity supply and increasingly in flexibility services, but with a different generation mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/user/verbundcom
• Facebookfacebook.com/verbundag
• Instagraminstagram.com/verbund
• LinkedInlinkedin.com/company/verbund
• Xx.com/verbundag

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries25 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VERBUND