Vattenfall AB - Company Profile
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Business Description
Vattenfall AB (Vattenfall) produces and retails electricity and heat. It also carries out the sale of gas and energy trading. The company generates electricity from hydro, nuclear, solar, biomass, wind, waste, coal and natural gas. It generated 93 TWh of electricity. Vattenfall serves around 14 million customers in distribution, electricity, gas, heat and energy solutions.
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R&D Overview
Vattenfall's R&D activities focus on steering of batteries, AI and machine learning and digital inspections. The company has partnerships with customers, suppliers and other stakeholders to conduct its projects. The company also focuses on electrifying industrial processes, either through direct electrification or indirect electrification using hydrogen gas. The company has also implemented new solutions by working with data analytics. It also continues to invest within renewable production and electricity grids to reduce costs and to achieve a stable debt position. In FY2022, the company incurred SEK479 million on its research and development (R&D), which as a percentage of revenue, stood at 0.2%.
Business Segments
Overview
Supplies electricity, gas and energy solutions to retail and business customers. Its major operating subsidiary is Feenstra N.V. It focuses on optimizing the profitability of the commodity sales business by growing customer base through reducing the cost to serve. Also, strives to optimize the customer experience by accelerating digitalization and offering integrated and climate smarter solutions. Its key focus areas include decentralized energy solutions, smart data-based solutions and new customer interaction models.
Performance
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Overview
Owns and operates electricity distribution networks in Sweden and Berlin, Germany. Continue with investments to improve the availability and quality of supply, improve customer satisfaction, and accommodate renewable energy sources.
Performance
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Overview
Produces and distributes district heating to households and industries in metropolitan areas in Northwest Europe, including Berlin, Hamburg, Amsterdam and Uppsala and one of Europe's top providers of heating services in these areas. Key energy services include battery storage, network services, charging solutions for electric vehicles, heat pumps, solar panels and smart meters. Focuses on transition towards fossil-free heating solutions through integration of renewable power generation with third party integration and renewable heat sources. It also focuses on the development of climate-smart energy solutions.
Performance
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Overview
Generates electricity through hydro and weather-independent nuclear power plants. The segment is one of the largest providers of fossil-free electricity in Europe. It includes and nuclear power operations, optimization and trading operations. Intends to become a market leader in services and maintenance of Nordic power grids; become a leading provider of renewable energy to business customers across Europe and build up power purchase agreements; and improve asset optimisation using digital technology and drive cost efficiency through process automation. Also, focuses on performing efficient dismantling of decommissioned nuclear power plants.
Performance
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Overview
Focus on the wind power operations of the company. It is a major offshore wind power company and also one of the leading companies in onshore wind power in the UK and the Netherlands. The segment views renewable power generation as the major step to reduce CO2 emissions.
Performance
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Overview
It comprises of staff functions and shared service centers.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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