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E.ON
E.ON SE is a European multinational electric utility company based in Essen, Germany. It operates as one of the world's largest investor-owned electric utility service providers. The name originates from the Latin word '' aeon'', derived from the Greek αἰών ''aion'', which means ''age'' or "infinity", with the period being added to create secondary meanings of "energy" (E) and "illumination" (ON). The company is a component of the Euro Stoxx 50 stock market index, DAX stock index and a member of the Dow Jones Global Titans 50 index. It operates in over 30 countries and has over 50 million customers. Its chief executive officer is Leonhard Birnbaum. E.ON was created in 2000 through the merger of VEBA and VIAG. In 2016, it separated its conventional power generation and energy trading operations into a new company, Uniper, while retaining retail, distribution and nuclear operations. E.ON sold its stake in Uniper through a stock market listing and sold the remainin ...
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Npower (United Kingdom)
npower Business Solutions is a British supplier of gas and electricity to large businesses. It has been a subsidiary of E.ON UK since January 2019. The company was formerly known as Innogy plc and was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. In March 2002, it was acquired by RWE of Germany, and was subsequently renamed RWE npower plc. RWE split off its renewable energy, network and retail divisions as Innogy SE in April 2016, and Npower transferred to the new business. It is considered one of the Big Six energy suppliers, which dominate the gas and electricity market in the United Kingdom. E.ON transferred npower's residential customers to a new brand, E.ON Next, in 2021. Since then, the npower brand has only been active within the commercial energy space, marketed as npower Business Solutions, a brand of Npower Commercial Gas Limited. The npower Business Solutions brand still supplies over 20,000 businesses, including customers previo ...
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Big Six Energy Suppliers
The Big Six were the United Kingdom's largest retail suppliers of gas and electricity, who dominated the market following Office of Gas and Electricity Markets#Development of competition in the UK market, liberalisation in the late 1990s. By 2002, six companies – British Gas, EDF Energy, E.ON UK, E.ON, Npower (United Kingdom), RWE npower, Scottish Power and SSE plc, SSE – had emerged from the 15 former incumbent monopoly suppliers (the 14 regional Public electricity supplier, public electricity suppliers and British Gas). In 2008, the Big Six still had over 99% of domestic and small business customers. They were Vertical integration, vertically integrated in electricity, owning sufficient generation capacity to supply all their customers; while in gas, only Centrica (British Gas) owned production facilities. By the third quarter of 2019, after efforts by the regulator Office of Gas and Electricity Markets, Ofgem to promote competition, their combined share in Great Britain wa ...
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Uniper
Uniper SE is a German multinational energy company based in Düsseldorf, Germany, which has been a state-owned enterprise since late 2022. It is one of the biggest energy companies by revenue in Europe. The name of the company is a portmanteau of "unique" and "performance", which was given by long-term employee Gregor Recke. Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016. In 2019, the company employed about 6,800 people in over 40 countries. In 2018, around one-third of the employees were based in Germany. Until 2022, it owned a subsidiary company in Russia called Unipro. Uniper was listed on the Frankfurt Stock Exchange. The company has faced criticism for opening new coal-fueled power plants in Germany as recently as May 2020. Uniper was one of the financiers of the Nord Stream 2 project, which the German government suspended two days before the 2022 Russian invasion of Ukraine. The ...
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Innogy
Innogy SE was an energy company based in Essen, Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu .... It is now merged and integrated into German energy company E.ON. History The company was created on 1 April 2016, by splitting the renewable, network and retail businesses of RWE into a separate entity. The new entity combined RWE subsidiaries RWE Innogy, RWE Deutschland, RWE Effizienz, RWE Vertrieb and RWE Energiedienstleistungen. On 7 October 2016, it was listed at the Frankfurt Stock Exchange. They served 23 million customers in Europe. In November 2017, it was announced that Innogy was looking to merge its energy retail subsidiary npower in the United Kingdom, with the equivalent division of rival SSE. It was planned that Innogy shareholders would own 34% o ...
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PreussenElektra
PreussenElektra (''Preußische Elektrizitäts AG'') was a German electric company that existed from 1927 to 2000. From its founding until around 1970, it was owned (directly or indirectly) by the Republic of Prussia and the Federal Republic of Germany. From 1929 until 2000, it was a subsidiary of VEBA. In 2000, it was merged to create E.ON. During its existence, it was the electric utility for Schleswig-Holstein, Lower Saxony, and parts of North Rhine-Westphalia and Hesse. In 2016, the nuclear energy company of E.ON was renamed PreussenElektra GmbH. Early years PreussenElektra was established in Berlin in 1927 when electricity suppliers ''Grosskraftwerk Hannover AG'', ''Preussische Kraftwerke Oberweser AG'', and ''Gewerkschaft Grosskraftwerk Main-Weser'' merged to form PreussenElektra. It operated two thermal power stations, Borken in Hesse and Ahlem in Hanover, and eight hydroelectric stations. The company was to oversee the electricity interests of the Prussian state. ...
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VEBA
VEBA AG (originally from ''Vereinigte Elektrizitäts und Bergwerks Aktiengesellschaft'' 'United Electricity and Mining Corporation') was a German state owned energy company. VEBA was founded in 1929 as a holding company owned by the state of Prussia, and was privatized in 1965. In December 1982, VEBA signed a cooperation agreement with the Petróleos de Venezuela (PDVSA) for the establishment of a Joint Venture Ruhr Oel GmbH. VEBA became a part of E.ON E.ON SE is a European multinational electric utility company based in Essen, Germany. It operates as one of the world's largest investor-owned electric utility service providers. The name originates from the Latin word '' aeon'', derived from ... in 2000. External links * References E.ON Defunct companies of Germany Electric power companies of Germany Companies based in Düsseldorf Energy companies established in 1929 1929 establishments in Germany Telecommunications companies established in 1929 {{ene ...
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Essen
Essen () is the central and, after Dortmund, second-largest city of the Ruhr, the largest urban area in Germany. Its population of makes it the fourth-largest city of North Rhine-Westphalia after Cologne, Düsseldorf and Dortmund, as well as the List of cities in Germany by population, tenth-largest city of Germany. Essen lies in the larger Rhine-Ruhr metropolitan region, List of EU metropolitan regions by GDP#2021 ranking of top 4 German metropolitan regions, second largest by GDP in the EU, and is part of the cultural area of Rhineland. Because of its central location in the Ruhr, Essen is often regarded as the Ruhr's "secret capital". Two rivers flow through the city: the Emscher in the north, and in the south the Ruhr (river), Ruhr River, which is dammed in Essen to form the and reservoirs. The central and northern boroughs of Essen historically belong to the Low German Westphalian dialects area, and the south of the city to the Low Franconian Bergish dialects, Bergish ar ...
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Karl-Ludwig Kley
Karl-Ludwig Kley (born 11 June 1951 in Munich) is a German business executive. Education Kley studied law at the Ludwig Maximilian University of Munich (LMU) from 1974 to 1979. He completed his practical training as a lawyer in Hamburg and Johannesburg from 1979 to 1982. He earned a doctorate in law at LMU in 1986. Career Kley worked for Bayer from 1982 to 1998, most recently as head of corporate finance and investor relations. He was chief financial officer and a member of the executive board of Lufthansa 1998–2006. In 2006, Kley joined the Merck Group as a member of the executive board. He became chief executive officer (CEO) and chairman of the executive board of Merck KGaA in April 2007. Under his leadership, Merck strengthened its two non-pharmaceutical divisions, which make laboratory supplies and specialty chemicals, and completed a $17 billion deal to buy US laboratory supplies company Sigma-Aldrich. In his capacity at Merck, Kley was part of Chancellor Angela Merkel� ...
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Fortum
Fortum Oyj is a Finland, Finnish Government of Finland, state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic countries, Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange. As of 2023 Fortum was the third-largest power generator in the Nordics. History Imatran Voima (1932–1997) The predecessor of Fortum was Imatran Voima (IVO), which was founded in 1932 to operate the Imatrankoski hydroelectric power plant in Imatra. The construction of the Imatra power plant began already in 1922 as well as the power lines from Imatra to Helsinki and the po ...
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Renewable Electricity
Renewable energy (also called green energy) is energy made from renewable natural resources that are replenished on a human timescale. The most widely used renewable energy types are solar energy, wind power, and hydropower. Bioenergy and geothermal power are also significant in some countries. Some also consider nuclear power a renewable power source, although this is controversial, as nuclear energy requires mining uranium, a nonrenewable resource. Renewable energy installations can be large or small and are suited for both urban and rural areas. Renewable energy is often deployed together with further electrification. This has several benefits: electricity can move heat and vehicles efficiently and is clean at the point of consumption. Variable renewable energy sources are those that have a fluctuating nature, such as wind power and solar power. In contrast, ''controllable renewable energy'' sources include dammed hydroelectricity, bioenergy, or geothermal power. ...
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Renewable Energy
Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind power, and hydropower. Bioenergy and geothermal power are also significant in some countries. Some also consider Nuclear power proposed as renewable energy, nuclear power a renewable power source, although this is controversial, as nuclear energy requires mining uranium, a nonrenewable resource. Renewable energy installations can be large or small and are suited for both urban and rural areas. Renewable energy is often deployed together with further electrification. This has several benefits: electricity can heat pump, move heat and Electric vehicle, vehicles efficiently and is clean at the point of consumption. Variable renewable energy sources are those that have a fluctuating nature, such as wind power and solar power. In contrast, ''contro ...
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