VERBUND is Austria’s leading energy company and one of the largest producers of hydroelectricity in Europe. The Group generates around 95% of its electricity from renewable energy, primarily from hydropower. VERBUND trades electricity in 12 countries and generated around €3.2bn in annual revenue in 2020 with approximately 2,900 employees. With its subsidiaries and partners, VERBUND is active in the generation of electricity, transmission and in international trading and sales. VERBUND has been quoted on the Vienna Stock Exchange since 1988 with 51% of the share capital being held by the Republic of Austria.
VERBUND is one of the most environmentally friendly energy companies in Europe, contributes significantly to supply security and is particularly committed to climate and environmental protection, careful use of resources and social responsibility. Sustainability is an essential part of the corporate strategy. VERBUND is working intensively on the expansion of renewable energy sources and is thus making a significant contribution to a low-carbon energy future. VERBUND is a signatory to the UN Global Compact and supports the United Nations 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs). Further information: www.verbund.com
VERBUND is in charge of WP 5 (development of hydrogen processing). In cooperation with the project partners Axiom and Vienna University of Technology, this involves the processing and conditioning of hydrogen for use by potential industrial customers. VERBUND is involved in five further work packages, which are mainly concerned with the engineering, construction and operation of the electrolysis plant, with the reliable supply of hydrogen to resource-intensive industries, as well as with the modelling of electricity generation and the modes of operation of the electrolysis. The development of a model for the implementation of seasonal storage in the future energy system deserves special mention.
"With the USS 2030 project, we are generating knowledge on the processing and conditioning of hydrogen from pore storage for use by potential industrial customers. And we are gaining new knowledge about seasonal storage in an energy system that is supplied 100% from renewable sources.", says Robert Paulnsteiner.