innogy SE is an established European energy company. With its three business segments Grid & Infrastructure, Retail and Renewables, it addresses the requirements of a modern, decarbonised, decentralised and digital energy world. The focus of innogy’s activities is on offering existing and potential customers innovative and sustainable products and services which enable them to use energy more efficiently and improve their quality of life. The key markets are Germany, the United Kingdom, the Netherlands and Belgium as well as several countries in Central Eastern and South Eastern Europe, especially the Czech Republic, Hungary and Poland. In renewable power generation, the company is also active in other regions, e.g. Spain and Italy. The subsidiary of RWE AG started operations on 1 April 2016. The innogy brand name is a symbiosis of the terms innovation, energy and technology.
Based on the combined financial statements for 2015, the company achieved a revenue of around €46 billion and an EBITDA of €4.5 billion. The company is expected to employ around 40,000 out of a total of around 60,000 employees of the RWE Group once the restructuring process has been completed.
Grid & Infrastructure
The distribution grids form the backbone of the energy transition. They play a key role in securing power supply by integrating weather- and time-dependent renewable sources as well as decentralised generating systems. We have distribution grids in five countries, four-fifths of it comprising power lines and one-fifth gas lines as of December 2015. In 2015, we distributed more electricity than any other distribution system operator in Germany. We are involved in developing efficient and intelligent metering and control systems (smart grids) to make grids more effective and flexible. To ensure that electricity and gas continues to reach the locations where energy is needed at any specific time, we want to further invest in the modernization and expansion of our grid infrastructure.
We currently supply around 16 million electricity customers and seven million gas customers in eleven European markets with energy, both reliably and at fair prices. Based on volumes sold respectively number of customers, we are currently among the largest electricity and gas retailers in Germany, the Netherlands and in the United Kingdom. Furthermore, we currently hold leading positions in electricity and/or gas supply in many markets in Central Eastern and South Eastern Europe.
As energy markets change, so too does the behavior of our customers. An increasing number of households not only consume electricity, they also generate and store it themselves. At the same time, they want products that are tailored to their individual needs. That’s why we want to increasingly focus on the further development of decentralised and intelligent energy solutions such as SmartHome.
We are working on future-oriented technologies for the energy world of tomorrow. In many areas of the company, our employees are researching and developing innovative products and services. In addition, we cooperate internationally with young start-up companies and for this purpose we have our own innovation teams in place in the start-up scene in Silicon Valley, Tel Aviv and Berlin.
We plan, build and operate plants to generate power and extract energy from renewable sources. We aim to rapidly expand renewables in Europe, both on our own and with partners. In this way, we can work together to make the energy transition a success.
Currently, we are particularly strongly represented in our home market, Germany, followed by the United Kingdom, Spain, the Netherlands and Poland. innogy is number three worldwide in offshore wind by installed capacity as of March 2016. In onshore wind too, we are one of the large operators in Europe. At the moment we are focussing on continuing to expand our activities in onshore and offshore wind power as well as reinforcing hydro-electric power generation. In addition, we are looking at entering new markets and technologies, such as large-scale photovoltaic plants, also possibly beyond our core European markets.