RWE · RWE AG

Description

RWE AG is a holding company, which engages in generating electricity and gas from renewable and conventional sources. It operates through the following segments: Offshore Wind, Onshore Wind and Solar, Hydro, Biomass, and Gas; Supply and Trading; and Coal and Nuclear. The Offshore Wind segment focuses on development and realization of projects to expand capacity. The Onshore Wind and Solar segment include onshore wind, solar power, and parts of battery storage. The Hydro, Biomass, and Gas segment is involved in activities with run-of-river, pumped storage, biomass, and gas-fired power plants. The Supply and Trading segment offers proprietary trading of energy commodities and intermediary trading with pipeline gas and LNG. The Coal and Nuclear segment cover electricity production using coal and nuclear power, as well as lignite mining operations. The company was founded on April 25, 1898, and is headquartered in Essen, Germany.