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VERBUND AG, alongside its group companies, is an energy firm engaged in the production, marketing, and distribution of electricity. It supplies a diverse customer base, including energy exchanges, traders, electric utilities, industrial enterprises, residential consumers, and commercial businesses, operating both within Austria and on an international scale. The company's operations are structured across several key divisions: Hydro, New Renewables, Sales, Grid, and various other segments. As of the close of 2021, VERBUND AG's generation portfolio comprised hydroelectric facilities totaling 8,307 megawatts (MW), wind power installations providing 418 MW, solar arrays contributing 3 MW, and thermal power plants with an electrical capacity of 1,013 MW. Furthermore, VERBUND AG manages Austria's electricity transmission infrastructure. It also oversees long-distance gas pipelines and local gas distribution networks, participates in gas trading and sales activities, and delivers a range of energy-sector services. Established in 1947, the company was initially known as Österreichische Elektrizitätswirtschafts- Aktiengesellschaft before adopting its current name, VERBUND AG, in 2010. Its corporate headquarters are located in Vienna, Austria.