EnBW
{{Short description|Publicly-traded energy company headquartered in Karlsruhe, Germany}}
{{Lead too short|date=June 2021}}
{{Use dmy dates|date=June 2021}}
{{Infobox company
| name = EnBW Energie Baden-Württemberg AG
| logo = EnBW.svg
| logo_size = 200px
| caption =
| type = Aktiengesellschaft
| traded_as = {{FWB|EBK}}
| fate =
| predecessor =
| successor =
| foundation = {{Start date|1997}}
| founder =
| defunct =
| location_city = Karlsruhe
| location_country = Germany
| locations =
| area_served =
| key_people = Dr. Georg Stamatelopoulos {{small|(CEO)}}
| industry = Electric utilities
| products = Electric power
| services =
| revenue = €56,0 billion (2022)
| operating_income =
| net_income = €1.7 billion (2022) [https://www.enbw.com/media/report/report-2022/downloads/integrated-annual-report-2022.pdf Annual report 2022] enbw.com
| assets = €69.5 billion (2022)
| equity = €12.8 billion (2022)
| owner =
| num_employees = 26,980 (2022)
| parent =
| divisions =
| subsid =
| homepage = {{URL|https://www.enbw.com}}
| footnotes =
| intl =
}}
EnBW Energie Baden-Württemberg AG, or simply EnBW, is a publicly-traded energy company headquartered in Karlsruhe, Germany.
History
=Foundation and development=
EnBW came into existence on 1 January 1997 as a result of the merger between two energy companies from Baden-Württemberg, Badenwerk AG and Energie-Versorgung Schwaben AG (EVS).{{cite web|title=EnBW Annual Report 1997|url=https://www.enbw.com/media/downloadcenter-konzern/geschaeftsberichte/enbw-geschaeftsbericht-1997.pdf|page=54|publisher=EnBW}} Subsequently, on 1 October 2003, EnBW further merged with Neckarwerke Stuttgart AG.{{cite book|page=220|title= Kritisches Handbuch der deutschen Elektrizitätswirtschaft: Branchenentwicklung, Unternehmensstrategien, Arbeitsbeziehungen |last1=Bontrup|first1=Heinz-Josef|last2=Marquardt|first2=Ralf-Michael|publisher=Edition Sigma|year=2010|isbn= 9783836087124}}
=Strategic reorientation and expansion of renewable energy activities=
In March 2012, Frank Mastiaux was appointed as the new CEO of EnBW.{{cite web|title=Dr. Frank Mastiaux to become CEO of EnBW Energie Baden-Württemberg AG as of October 2012|url=https://www.enbw.com/company/investors/news-and-publications/dr-frank-mastiaux-to-become-ceo-of-enbw-energie-baden-wuerttember.html|publisher=EnBW|date=30 March 2012}} At the end of 2012, in response to the nuclear power phase-out and the energy transition, Mastiaux announced a strategic reorientation.{{cite web|title=EnBW 2020 Strategy|url=https://www.enbw.com/media/konzern/docs/strategie/enbw_2020_strategy_1.pdf|publisher=EnBW}} The proportion of renewable energy sources in EnBW's energy mix was to increase from 12% to 40% by 2020.{{cite web|title=EnBW launches new strategic orientation|url=https://www.enbw.com/company/investors/news-and-publications/enbw-launches-new-strategic-orientation.html|publisher=EnBW|date=17 June 2013}} The figure of 40.1% was reached in 2021. Much of this was to be achieved by expanding wind power: with 1,016 MW onshore and 975 MW offshore, EnBW is now one of the leading wind farm developers and operators in Germany.{{cite web|title=Offshore Wind in Europe: Key trends and statistics 2019|url=https://windeurope.org/wp-content/uploads/files/about-wind/statistics/WindEurope-Annual-Offshore-Statistics-2019.pdf|publisher=Wind Europe|date=February 2020}}
Between 2020 and 2025, the company plans to invest over €5 billion in the further expansion of renewable energy generation and aims to operate onshore and offshore wind farms with a total capacity of at least 4,000 MW.{{Cite web |title=Wind energy at EnBW {{!}} EnBW |url=https://www.enbw.com/renewable-energy/wind-energy/ |access-date=2022-12-02 |website=Wind energy at EnBW |language=en}} EnBW's first offshore wind farm – EnBW Baltic 1, comprising 21 wind turbines in the Baltic Sea – went into operation in 2011. This was followed in early summer 2015 by the 80-turbine EnBW Baltic 2 offshore wind farm, a stake in which had already been sold to Australian investment group Macquarie for €720 million in January 2015.{{cite web|title=EnBW sells offshore windpark stake to Macquarie for 720 million euros|url=https://www.reuters.com/article/us-baltic2-m-a-macquarie-group-idUSKBN0KG0M520150107|publisher=Reuters|date=7 January 2015}} In early 2020, the [https://www.thewindpower.net/windfarm_en_18574_enbw-hohe-see.php EnBW Hohe See] and [https://www.thewindpower.net/windfarm_en_16883_albatros.php Albatros] wind farms with a total of 87 turbines and 609 MW capacity went into operation in the North Sea. In 2017, EnBW won bidding for the right to construct its third North Sea wind farm, the 900 MW [https://www.thewindpower.net/windfarm_en_16869_enbw-he-dreiht.php EnBW He Dreiht], which is unsubsidised and is scheduled for completion in 2025.{{cite web|title=EnBW Wins Construction of 900MW German OWF by Bidding EUR 0/MWh|url=https://www.offshorewind.biz/2017/04/13/enbw-wins-construction-of-900mw-german-owf-by-bidding-eur-0-per-mwh/|publisher=offshoreWIND.biz|date=13 April 2017}} In January 2019, EnBW acquired seven wind farms in Sweden with a total of 51 turbines and an installed capacity of 105 MW.{{cite web|title=EnBW acquires seven wind farms in Sweden|url=https://www.enbw.com/company/press/enbw-acquires-seven-wind-farms-in-sweden.html|publisher=EnBW|date=8 January 2019}}
EnBW also plans to expand its grids business and make various divestments. An important growth market is Turkey, where EnBW's focus is on hydroelectric power stations and wind farms.{{cite web|title=EnBW steckt sieben Milliarden Euro in Konzernumbau|url=https://www.handelsblatt.com/unternehmen/energie/energieunternehmen-enbw-steckt-sieben-milliarden-euro-in-konzernumbau/8364844.html|publisher=Handelsblatt|date=17 June 2013}}
In 2017, EnBW began expanding its electric mobility, photovoltaics and distributed energy generation activities:
In electric mobility, EnBW has collaborated since March 2017 with [https://tank.rast.de/en.html Tank & Rast], an operator of service areas along the German autobahn network, to expand the provision of charging points for electric vehicles.{{cite web|title=E-Mobilität: Tank & Rast und EnBW machen den nächsten Schritt beim Aufbau eines Schnelllade-Netzes an deutschen Autobahnen|url=https://www.enbw.com/unternehmen/presse/e-mobilitaet-tank-rast-und-enbw-machen-den-naechsten-schritt-bei.html|publisher=EnBW|date=6 March 2017}} EnBW provides the EnBW mobility+ app, which combines a charging point locator with payment options and covers Germany, Austria, Switzerland, France, Italy and the Netherlands.{{cite web|title=EnBW erweitert "mobility+"-Angebot auf Frankreich, Niederlande und Italien|url=https://www.electrive.net/2020/09/01/enbw-erweitert-mobility-angebot-auf-frankreich-niederlande-und-italien/|publisher=electrive.net|date=1 September 2020}} According to an independent study by [https://www.p3-group.com/ P3], [https://cirrantic.com Cirrantic] and [https://www.theon-data.com/ Theon Data],{{cite web|title=EnBW gewinnt zusätzlich Test für das größte Ladenetz in Deutschland Österreich und der Schweiz|url=https://www.emobilserver.de/nachrichten/energie-ladetechnik/2272-enbw-gewinnt-zus%C3%A4tzlich-test-f%C3%BCr-das-gr%C3%B6%C3%9Fte-ladenetz-in-deutschland-%C3%B6sterreich-und-der-schweiz.html|publisher=eMobilServer|date=16 June 2020}} EnBW has the largest charging network spanning Germany, Austria and Switzerland. In 2020, the company extended its market leadership in fast charging to Austria by entering into a joint venture with [https://smatrics.com SMATRICS] called SMATRICS EnBW.{{cite web|title=Kartellbehörden genehmigen Joint Venture SMATRICS mobility+: EnBW nun auch in Österreich Marktführer für Schnellladen|url=https://www.enbw.com/unternehmen/presse/closing-joint-venture-smatrics-mobility.html|publisher=EnBW|date=15 September 2020}} In April 2021, EnBW announced plans to open Europe's biggest public fast charging park for electric vehicles by the end of the year.{{cite web|title=EnBW to open Europe's biggest EV fast charging park in Q4|url=https://www.reuters.com/technology/enbw-open-europes-biggest-ev-fast-charging-park-q4-2021-04-23/|publisher=Reuters|date=23 April 2021}}
In photovoltaics and distributed energy generation, EnBW aims to expand photovoltaic generating capacity to 1,200 MWp by 2025, mainly in Germany but also in selected markets elsewhere. In this connection, EnBW is building Germany's largest unsubsidised solar farm with an area of 164 hectares in Brandenburg{{cite web|title=Green light for Germany's largest solar park|url=https://www.enbw.com/company/press/green-light-for-germany-s-largest-solar-park.html|publisher=EnBW|date=16 October 2019}} and in March 2018 acquired [https://www.senec.com/ Senec], a Leipzig-based manufacturer of home solar battery storage systems.{{cite web|title=EnBW übernimmt Senec|url=https://www.pv-magazine.de/2018/03/02/enbw-uebernimmt-senec/|publisher=pv magazine|date=2 March 2018}}
In March 2023, EnBW announced that it intends to end coal usage by 2028.{{Cite news |last=Steitz |first=Christoph |last2=Käckenhoff |first2=Tom |date=2023-03-27 |title=EnBW speeds up coal exit as grid, renewables profits to soar |language=en |work=Reuters |url=https://www.reuters.com/business/energy/enbw-expects-2023-core-profit-jump-accelerates-coal-exit-2023-03-27/ |access-date=2023-05-25}}
In August 2023, it was announced EnBW had acquired a 10% equity stake in a renewable ammonia production plant developed by Norwegian company Skipavika Green Ammonia (SkiGA).{{Cite web |last=Lie |first=Amun |title=EnBW acquires stake in planned Norwegian ammonia plant |url=https://www.icis.com/explore/resources/news/2023/08/29/10919867/enbw-acquires-stake-in-planned-norwegian-ammonia-plant |access-date=2023-08-29 |website=ICIS Explore |language=en-US}}
=Internationalisation of renewable energy activities=
The EnBW 2025 Strategy includes selective internationalisation of the company's renewable energy activities.{{cite web|title=EnBW Integrated Annual Report 2019|url=https://www.enbw.com/media/bericht/bericht_2020/downloads/integrated-annual-report-2020-extended-version.pdf|page=7|publisher=EnBW}} EnBW has a presence in Denmark through its subsidiary [https://www.connectedwind.com Connected Wind Services] and in Sweden in the form of [https://www.enbw.se/ EnBW Sverige]. In June 2019, EnBW completed the acquisition of [https://www.groupevaleco.com/ Valeco], France.{{cite web|title=EnBW closes the acquisition of VALECO in France|url=https://www.enbw.com/company/press/enbw-closes-the-acquisition-of-valeco-in-france.html|publisher=EnBW|date=4 June 2019}} The company has a [https://www.borusanenbw.com.tr/en/ renewable energy joint venture in Turkey] in partnership with Borusan. EnBW has also opened offices of its own in Taiwan{{cite web|title=EnBW opens own representative office in Taiwan|url=https://www.enbw.com/company/press/enbw-opens-own-representative-office-in-taiwan.html|publisher=EnBW|date=15 March 2019}} and the United States{{cite web|title=Energiekonzern EnBW expandiert in die USA|url=https://www.handelsblatt.com/unternehmen/energie/offshore-windenergie-energiekonzern-enbw-expandiert-in-die-usa/22671132.html|publisher=Handelsblatt|date=11 June 2018}} in order to bid in offshore wind auctions. Early in 2021, EnBW and BP jointly won an auction for rights to develop offshore wind farms in two adjacent areas of the Irish Sea.{{cite web|title=BP and EnBW Secure Prime Wind Real Estate Offshore UK|url=https://www.offshorewind.biz/2021/02/08/bp-and-enbw-secure-prime-wind-realestate-offshore-uk/|publisher=offshoreWIND.biz|date=8 February 2021}}
=Transmission grid=
In 2023, EnBW sold around a quarter of its high-voltage transmission grid TransnetBW to a savings banks-led consortium for around 1 billion euros ($1.1 billion).Christoph Steitz and Linda Pasquini (26 May 2023), [https://www.reuters.com/markets/deals/enbw-sells-minority-stake-transnetbw-2023-05-26/ EnBW sells minority stake in TransnetBW for $1.1 billion] Reuters. Also in 2023, state-owned KfW acquired a 24.95% minority stake in TransnetBW, firming up its grip on critical energy infrastructure in a bid to speed up the country's energy transition.[https://www.reuters.com/markets/deals/germany-buys-stake-enbws-high-voltage-grid-11-bln-2023-11-10/] Reuters.
Sports sponsorship
EnBW was the main sponsor of football clubs VfB Stuttgart{{cite web|title=EnBW downgrades VfB Stuttgart deal |url=https://www.sportspromedia.com/news/enbw_downgrades_vfb_stuttgart_deal|publisher=SportsPro|date=12 March 2010}} and Karlsruher SC{{cite web|title=Karlsruher SC signs new deal with EnBW|url=https://www.sportspromedia.com/news/karlsruher_sc_signs_new_deal_with_enbw|publisher=SportsPro|date=11 March 2010}} for several years until 2010 and continues to sponsor both clubs at a lesser level.
Structure
=Shareholders=
The two principal shareholders of EnBW are NECKARPRI-Beteiligungsgesellschaft mbH (itself fully owned by the state of Baden-Württemberg) and Oberschwäbische Elektrizitätswerke (OEW, owned by local municipalities), each of which hold a 46.75% ownership interest.{{cite web|title=Shareholder structure: who owns EnBW|url=https://www.enbw.com/company/investors/share/shareholder-structure.html|publisher=EnBW}}
=Board of Management=
The Board of Management (Vorstand) of the EnBW holding company consists of Andreas Schell (Chief Executive Officer since 15 November 2022), Colette Rückert-Hennen (Chief Human Resources Officer), Thomas Kusterer (Chief Financial Officer), Dirk Gusewill (Chief Operating Officer Critical Infrastructure) and Georg Stamatelopoulos (Chief Operating Officer Generation).{{cite web |date=19 January 2023 |title=Our Board of Management |url=https://www.enbw.com/company/the-group/about-us/executive-board/ |publisher=EnBW}}
=Figures=
EnBW has around 5.5 million customers{{cite web|title=EnBW Integrated Annual Report 2020|url=https://www.enbw.com/media/bericht/bericht_2020/downloads/integrated-annual-report-2020.pdf|page=32}} and is the third-largest energy company in Germany.{{cite web|title=Monitoringbericht 2020|url=https://www.bundesnetzagentur.de/SharedDocs/Mediathek/Berichte/2020/Monitoringbericht_Energie2020.pdf?__blob=publicationFile&v=8|publisher=Federal Network Agency|date=March 2021}} With a workforce of 26,980, EnBW generated revenue of €56,0 billion in 2022.{{Cite web |title=Integrated Annual Report 2022 {{!}} EnBW |url=https://www.enbw.com/media/report/report-2022/downloads/integrated-annual-report-2022.pdf |access-date=2023-04-28 |website=Integrated Annual Report 2022 |language=en}}
== Carbon intensity ==
Year
electrical output in MW !CO2 Intensity in g/kWh |
---
!2018 |13,387 |553 |
---
!2019 |13,849 |419 |
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!2020 |12,486 |342 |
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!2021 |12,722 |478 |
2022
|13,066 |491 |
---|
--- |
Facilities
= Nuclear power plants =
- Neckarwestheim Nuclear Power Plant (decommissioned)
- Obrigheim Nuclear Power Plant (decommissioned)
- Philippsburg Nuclear Power Plant (decommissioned)
= Conventional power plants =
Source:{{cite web|title=Federal Network Agency Power Plant List|url=https://www.bundesnetzagentur.de/EN/Areas/Energy/Companies/SecurityOfSupply/GeneratingCapacity/PowerPlantList/PubliPowerPlantList_node.html|publisher=Federal Network Agency}}
- Altbach coal power plant
- Heilbronn coal power plant
- Marbach am Neckar oil power plant
- Walheim coal power plant
- Stuttgart-Gaisburg gas power plant
- Stuttgart-Münster steam power plant (biofuels and coal)
- Rheinhafen-Dampfkraftwerk Karlsruhe coal and gas turbine plant
= Renewable energy sources: hydropower =
= Renewable energy sources: offshore wind farms =
- EnBW Baltic 1 Offshore Wind Farm (Baltic Sea, 16 kilometres north of the Darss-Zingst peninsula)
- EnBW Baltic 2 (Baltic Sea, 32 kilometres north of the island of Rügen)
- EnBW Hohe See and Albatros (North Sea; Hohe See approximately 95 kilometres north of the island of Borkum and 100 kilometres northwest of Heligoland; Albatros 105 kilometres from each coast)
= Renewable energy sources: onshore wind farms =
Wind farms and wind power projects in Baden-Württemberg:
- Aalen-Waldhausen
- Ahaberg
- Bad Wildbad
- Burgholz
- Bühlertann
- Dünsbach
- Fichtenau
- Goldboden-Winterbach
- Grömbach
- Hasel
- Häusern
- Königsbronn
- Kupferzell-Goggenbach
- Langenburg
- Oppenau/Lautenbach
- Rosenberg Süd
- Rot am See-Hausen am Bach
- Tautschbuch
- Veringenstadt
Wind farms in other German states:
- Auf der weißen Trisch (Saarland)
- Bad Nauheim (Hesse)
- Buchholz III (Lower Saxony)
- Derental (Lower Saxony)
- Eisenbachhöhen (Rhineland-Palatinate)
- Eppenrod (Rhineland-Palatinate)
- Freckenfeld (Rhineland-Palatinate)
- Hüttersdorf (Saarland)
- Kahlberg (Hesse)
- Kannawurf (Thuringia)
- Lauenförde (Lower Saxony)
- Primsbogen (Saarland)
- Reinstädt (Thuringia)
- Schalksmühle (North Rhine-Westphalia)
- Schulenburg III (Lower Saxony)
- Schwienau III (Lower Saxony)
- Silberberg (Hesse)
- Steinheim (North Rhine-Westphalia)
- Webenheim (Saarland)
- Vierherrenwald (Rhineland-Palatinate)
Wind farms in other countries:
- Råmmarehemmet (Sweden)
- EnBW also has stakes in onshore wind farms in France through its subsidiary Valeco
= Renewable energy sources: solar power =
Source:{{cite web|title=Solar energy|url=https://www.enbw.com/renewable-energy/solar/|publisher=EnBW}}
Solar farms in operation:
- Aitrach (1.5 MW)
- Berghülen (2.7 MW)
- Birkenfeld (5.8 MW)
- Eggesin (10 MW)
- Ingoldingen (4.3 MW)
- Inzigkofen (7.5 MW)
- Kenzingen (2.6 MW)
- Krautheim (0.5 MW)
- Leibertingen (2.1 MW)
- Leibertingen II (5 MW)
- Leutkirch (5 MW)
- Leutkirch II (2.9 MW)
- Leutkirch III (0.75 MW)
- Lindendorf (6.9 MW)
- Löffingen (2.7 MW)
- March-Neuershausen (0.9 MW)
- Müssentin (9.3 MW)
- Ochsenberg/Königsbronn (10 MW)
- Torgau (4.9 MW)
- Tuningen (4.5 MW)
- Ulm-Eggingen (6.5 MW)
- Zwiefaltendorf (5.2 MW)
Solar farms in development:
- Langenenslingen-Wilflingen
- Maßbach
- Sophienhof
- Ulrichshof
- Weesow-Willmersdorf
- Welgesheim
See also
{{Portal|Germany|Energy|Companies}}
- Gesellschaft für Nuklear-Service
- [https://www.enbw.com/privacy-policy/cert-cyber-emergency-response-team.html Responsible Disclosures]
References
{{Reflist}}
External links
- {{official|https://www.enbw.com/}}
- {{PM20|FID=co/007616|TEXT=Documents and clippings about|NAME=}}
- [https://www.enbw.com/privacy-policy/cert-cyber-emergency-response-team.html Privacy / Security]
{{Authority control}}
Category:Electric power companies of Germany
Category:Companies based in Baden-Württemberg
Category:Companies based in Karlsruhe
Category:Companies listed on the Frankfurt Stock Exchange
Category:Energy companies established in 1997