EnBW Energie Baden-Württemberg AG – unser Name verweist auf unsere Wurzeln und unser Engagement. Unsere Vorgängerunternehmen haben vor über einhundert Jahren begonnen, Elektrizität und damit Industrie und Wachstum nach Baden-Württemberg zu bringen. Heute gehören wir zu den größten Energieversorgungsunternehmen in Deutschland und in Europa. Mit rund 23.000 Mitarbeitern versorgen wir 5,5 Millionen Kunden mit Strom, Gas, Wasser und energienahen Produkten und Dienstleistungen. 

Energie vernetzt. Trends wie Digitalisierung, Dezentralisierung und Urbanisierung beschleunigen das Tempo der Veränderung in der Energiebranche. Digitale Intelligenz verbindet unsere Lebens- und Wirtschaftsbereiche mehr und mehr. Nun gilt es, die verschiedenen Infrastrukturen über den Energiesektor hinaus noch stärker miteinander zu vernetzen – beispielsweise in den Bereichen Breitband, Verkehr oder Sicherheit. Die EnBW wird, diesen Trends entsprechend, ihre Position als kompetenter und zuverlässiger Infrastrukturpartner von Kunden, Bürgern und Kommunen weiter ausbauen.

Mehr Informationen zu unserer Strategie: http://bit.ly/1PU8leF
Impressum: https://www.enbw.com/impressum/


EnBW

The fast-charging infrastructure in eastern Germany continues to grow: The energy company EnBW has begun construction of another fast-charging park for electric cars. With its direct connection to the A4 (Chemnitz Ost junction), the charging park near Chemnitz in Saxony is optimally linked to the long-distance network between Dresden, the capital of Saxony, and Erfurt, the capital of Thuringia. It is scheduled to go into operation this year.

Fast charging even faster: EnBW installs charging points with 400 kilowatts of power for the first time

The new charging park near Chemnitz will have 24 state-of-the-art HPC (High Power Charging) charging points. EnBW is installing the next generation of fast charging points there for the first time: these charging points each enable an output of up to 400 kilowatts. This allows drivers to charge fresh range of up to 400 kilometers in just 15 minutes - as soon as vehicles are available that can accommodate this charging power. After such a charging stop near Chemnitz, nothing stands in the way of continuing the journey as far as Frankfurt am Main, Kassel or Munich. Depending on demand, EnBW can retrofit eight additional fast charging points on site, thus expanding the charging park to 32 ultra-fast charging points.

The generous roofing of the charging park protects against the weather and is equipped with a photovoltaic system. The solar power generated above it flows directly into the circuit of the charging park. As with all of its charging locations, EnBW exclusively purchases 100 percent green electricity for any additional energy required at the new fast charging park near Chemnitz.

"Our focus in the expansion of the nationwide fast charging infrastructure is on the needs of our customers," says Colette Rückert-Hennen, Member of the Board of Management of EnBW. "We are focusing on charging itself and making it easy and convenient. In this way, we are proving the everyday suitability of electromobility anew every day. In addition, we are creating further offerings that also increase the quality of the location for motorists*." Among other things, the fast-charging park near Chemnitz will be equipped with an automatic REWE ready store available around the clock, as well as toilets and seating.

Start of construction for fast-charging park near Chemnitz: 24 EnBW high-performance charging points for Saxony

"EnBW is the driving force for electric mobility in Germany," said Colette Rückert-Hennen, member of the EnBW Board of Management. "We make long-range sustainable mobility an everyday reality for people across much of Europe. Like no other company in the market, we are committed both to expanding our public fast charging network - which is by far the biggest in Germany - and to ensuring that our customers can easily charge their vehicles not only in Germany, but also across borders in other European countries."

"We have increased the size of EnBW HyperNetz by a quarter since the end of January," added Lars Jacobs, VP E-Mobility Provider & Digital Solutions at EnBW. "That's 100,000 additional charging opportunities for our customers in just six months. This marks a new milestone and enables us to significantly extend our existing lead in terms of coverage."

As well as providing access to EnBW's own charging points in Germany, EnBW HyperNetz also enables drivers to use charging infrastructure belonging to hundreds of other operators. A uniform and thus transparent price per kilowatt-hour applies at all times and all locations in all of the following countries: Germany, France, Luxembourg, Belgium, the Netherlands, Denmark, Poland, the Czech Republic, Austria, Switzerland, Sweden, Italy, Spain, Croatia, Slovenia, Slovakia and Liechtenstein.

Drivers can find all EnBW HyperNetz charging points in the EnBW mobility+ app, both on their smartphone and on their vehicle's display. As well as being compatible with Apple CarPlay, the app is now also available on Android Auto. Among other features, customers can use the EnBW mobility+ app to pay and view information on charging locations, such as current availability and power output. At most EnBW fast charging sites in Germany - after a one-time activation - they can also use the AutoCharge option, which starts charging automatically without authentication as soon as the vehicle is connected to the fast charging point.

Biggest choice of charging options :  half a million charging points in EnBW HyperNetz

With the amount of electricity provided from this, the entire German traction power network can be supplied for three days. To this end, DB Group subsidiary DB Energie and the Karlsruhe-based energy company EnBW Energie Baden-Württemberg AG have signed a power purchase agreement (PPA). By procuring power from the "He Dreiht" wind farm, Deutsche Bahn will be reducing its annual carbon emissions by up to 60,000 metric tons in the future.

Torsten Schein, CEO of DB Energie GmbH: "Deutsche Bahn will be climate-neutral by 2040. In order to get there, we will be switching to entirely renewable energy sources for the traction power by 2038. DB is already Germany's biggest user of green electricity. With the clean power procured from the "He Dreiht" wind farm, we are now taking another important step toward restructuring our energy portfolio and getting ever closer to achieving our goal."

Dr. Georg Stamatelopoulos, Board Member for Sustainable Generation Infrastructure at EnBW: "The parallels between EnBW and Deutsche Bahn are remarkable: As operators of central infrastructures, we share a common responsibility for society and are pursuing the same goal of achieving a carbon-free energy future. Promoting a sustainable energy supply and mobility concept is an essential part of our agenda. We are delighted to be able to use our He Dreiht' offshore wind farm to drive this agenda with a partner like Deutsche Bahn."

Power purchase agreements (PPAs) are central to securing and financing non-state-funded renewable energy projects on the market. These long-term industrial partnerships thus play a key role in the rapid expansion of renewable energy capacity.

Work will begin in 2024 on building EnBW's "He Dreiht" wind farm about 90 kilometers northwest of Borkum and around 110 kilometers west of Helgoland and it will enter operation at the end of 2025.

EnBW secured the contract in the first offshore tendering process in Germany with a zero-cent bid in 2017 and is now investing around 2.4 billion euros in the offshore wind farm.

The plan is to install 64 latest-generation Vestas turbines. With a rated output of 15 MW, the turbines are among the most powerful currently available on the market. Equipped with these, the wind farm will have a total installed generation capacity of 960 MW, making it one of the largest energy transition projects in Europe. Upon completion, EnBW will take on the technical and commercial management of the wind farm and perform all maintenance and servicing tasks.

DB already covers more than 65 percent of its traction power needs with renewables - way above the figure for the public green electricity mix in Germany, which currently lies below 50 percent. All DB traction power will be 100 percent green by 2038. To achieve this aim, the group subsidiary DB Energie is fundamentally restructuring its portfolio of contract power plants and supply contracts. Renewables are gradually and systematically replacing fossil fuels. To this end, DB Energie is building up a so-called mixed portfolio for its traction power needs: The contract terms, energy sources, feed-in regions, contractual partners and pricing are mixed in order to guarantee continuous security of supply within the traction power network.

EnBW - Deutsche Bahn secures green electricity from EnBW's North Sea wind farm

Drivers can use the EnBW mobility+ charging rates at more and more charging points in Germany and across Europe. EnBW HyperNetz now boasts over 500,000 charging points in 17 European countries. That gives the energy group the greatest overall coverage for electric vehicle charging in the countries served. This was additionally confirmed by independent market experts in the latest eMobility Excellence Report in early July 2023. The comprehensive market analysis also shows that the EnBW mobility+ service provides the largest high-power charging (HPC) network in Germany, Austria and Switzerland.

"EnBW is the driving force for electric mobility in Germany," said Colette Rückert-Hennen, member of the EnBW Board of Management. "We make long-range sustainable mobility an everyday reality for people across much of Europe. Like no other company in the market, we are committed both to expanding our public fast charging network - which is by far the biggest in Germany - and to ensuring that our customers can easily charge their vehicles not only in Germany, but also across borders in other European countries."

"We have increased the size of EnBW HyperNetz by a quarter since the end of January," added Lars Jacobs, VP E-Mobility Provider & Digital Solutions at EnBW. "That's 100,000 additional charging opportunities for our customers in just six months. This marks a new milestone and enables us to significantly extend our existing lead in terms of coverage."

As well as providing access to EnBW's own charging points in Germany, EnBW HyperNetz also enables drivers to use charging infrastructure belonging to hundreds of other operators. A uniform and thus transparent price per kilowatt-hour applies at all times and all locations in all of the following countries: Germany, France, Luxembourg, Belgium, the Netherlands, Denmark, Poland, the Czech Republic, Austria, Switzerland, Sweden, Italy, Spain, Croatia, Slovenia, Slovakia and Liechtenstein.

Drivers can find all EnBW HyperNetz charging points in the EnBW mobility+ app, both on their smartphone and on their vehicle's display. As well as being compatible with Apple CarPlay, the app is now also available on Android Auto. Among other features, customers can use the EnBW mobility+ app to pay and view information on charging locations, such as current availability and power output. At most EnBW fast charging sites in Germany - after a one-time activation - they can also use the AutoCharge option, which starts charging automatically without authentication as soon as the vehicle is connected to the fast charging point.

EnBW - Biggest choice of charging options: half a million charging points in EnBW HyperNetz

By procuring power from the "He Dreiht" wind farm, Deutsche Bahn will be reducing its annual carbon emissions by up to 60,000 metric tons in the future

Deutsche Bahn secures green electricity from EnBW's North Sea wind farm. (Credit: EnBW / Photographer Rolf Otzipka)

Clean power for clean mobility: From 2026, green electricity generated from North Sea wind turbines will make the traction power mix in Germany even greener. For 15 years, the EnBW offshore wind farm "He Dreiht" will supply green electricity to Deutsche Bahn from around 20 megawatts (MW) of installed capacity.

With the amount of electricity provided from this, the entire German traction power network can be supplied for three days. To this end, DB Group subsidiary DB Energie and the Karlsruhe-based energy company EnBW Energie Baden-Württemberg AG have signed a power purchase agreement (PPA). By procuring power from the "He Dreiht" wind farm, Deutsche Bahn will be reducing its annual carbon emissions by up to 60,000 metric tons in the future.

Torsten Schein, CEO of DB Energie GmbH: "Deutsche Bahn will be climate-neutral by 2040. In order to get there, we will be switching to entirely renewable energy sources for the traction power by 2038. DB is already Germany's biggest user of green electricity. With the clean power procured from the "He Dreiht" wind farm, we are now taking another important step toward restructuring our energy portfolio and getting ever closer to achieving our goal."

Dr. Georg Stamatelopoulos, Board Member for Sustainable Generation Infrastructure at EnBW: "The parallels between EnBW and Deutsche Bahn are remarkable: As operators of central infrastructures, we share a common responsibility for society and are pursuing the same goal of achieving a carbon-free energy future. Promoting a sustainable energy supply and mobility concept is an essential part of our agenda. We are delighted to be able to use our 'He Dreiht' offshore wind farm to drive this agenda with a partner like Deutsche Bahn."

Power purchase agreements (PPAs) are central to securing and financing non-state-funded renewable energy projects on the market. These long-term industrial partnerships thus play a key role in the rapid expansion of renewable energy capacity.

Work will begin in 2024 on building EnBW's "He Dreiht" wind farm about 90 kilometers northwest of Borkum and around 110 kilometers west of Helgoland and it will enter operation at the end of 2025.

EnBW secured the contract in the first offshore tendering process in Germany with a zero-cent bid in 2017 and is now investing around 2.4 billion euros in the offshore wind farm.

The plan is to install 64 latest-generation Vestas turbines. With a rated output of 15 MW, the turbines are among the most powerful currently available on the market. Equipped with these, the wind farm will have a total installed generation capacity of 960 MW, making it one of the largest energy transition projects in Europe. Upon completion, EnBW will take on the technical and commercial management of the wind farm and perform all maintenance and servicing tasks.

DB already covers more than 65 percent of its traction power needs with renewables - way above the figure for the public green electricity mix in Germany, which currently lies below 50 percent. All DB traction power will be 100 percent green by 2038. To achieve this aim, the group subsidiary DB Energie is fundamentally restructuring its portfolio of contract power plants and supply contracts. Renewables are gradually and systematically replacing fossil fuels. To this end, DB Energie is building up a so-called mixed portfolio for its traction power needs: The contract terms, energy sources, feed-in regions, contractual partners and pricing are mixed in order to guarantee continuous security of supply within the traction power network.

Deutsche Bahn secures green electricity from EnBW's North Sea wind farm - NS Energy

Europe's first emission-free production facility for green ammonia is being built on the west coast of Norway (Fuella SkiGA/ Artistic impression)

EnBW Energie Baden-Württemberg AG (EnBW) has entered into an Investment Agreement with one of Europe's most advanced project for emission-free ammonia production, Skipavika Green Ammonia (SkiGA), in Western Norway. This is a step in the direction towards realizing the EU's, Germany's and Norway's climate goals by developing climate neutral Hydrogen products.

The Investment Agreement underscores EnBW's strong commitment, allowing exclusive long-term offtake rights to green ammonia and reflecting this through a 10% equity stake in the project. This commitment by EnBW will play a crucial role in expediting the project's path to a financial investment decision.

Green Ammonia is a key building stone in stepping up the Hydrogen (H2) market and Decarbonization efforts in industry and energy sector. Ammonia can be either converted to hydrogen for combustion in heat and power generation or directly used for this purpose. Therefore it is well suited for carbon-neutral electricity generation. With this, EnBW will be equipped to offer green ammonia for both internal decarbonization initiatives and their customers, including the local and international maritime sector. The agreement is made on commercial terms and marks a breakthrough in the effort to commercialize H2 products such as green ammonia. Green H2 products are a key component in EUs Green Deal.

Carbon-neutral electricity generation using green ammonia from Europe's first emission-free production facility

"EnBW is committed to becoming a carbon-neutral power generation leader. Our collaboration on green ammonia, aligned with German, Norwegian and the EU goals, signifies a strategic investment in carbon-neutral solutions. The Nordic region is poised to be a top supplier to Europe's carbon-free energy landscape, complementing its existing position as a reliable, stable energy partner of choice for Europe. This agreement underscores the potential of Norwegian-German collaboration in green energy and industry", says Peter Heydecker (Executive Director Trading) of EnBW.

EnBW Energie Baden Württemberg  :  Norwegian-German collaboration on green energy

German energy supply company EnBW Energie Baden-Württemberg has entered into an investment agreement with Skipavika Green Ammonia (SkiGA), which is said to be one of Europe's most advanced projects for emission-free ammonia production, in Western Norway.

Under the agreement, EnBW will acquire a 10% equity stake in the project and secure exclusive offtake rights for green ammonia. The company noted it will be equipped to offer green ammonia for both internal decarbonization initiatives and their customers, including the local and international maritime sector.

This commitment by EnBW is also expected to play a role in expediting the project's path to a financial investment decision.

Skipavika Green Ammonia facility will be in Gulen municipality, near the Mongstad refinery on the west coast of Norway. Once completed in 2026, it will produce 100,000 tonnes of green ammonia annually.

As disclosed, the project has already secured a grid connection and is in advanced talks for power purchase agreements.

The development of the SkiGA is led by the Norwegian project developer, Fuella AS, specializing in hydrogen and ammonia projects. Additionally, Allianz Capital Partners, on behalf of Allianz insurance companies committed to provide funding of €20 million ($21.6 million) to support Fuella's project pipeline towards execution and to accelerate the business development, reinforcing the project's significance.

The agreement between EnBW and SkiGA is made on commercial terms and marks a breakthrough in the effort to commercialize hydrogen products such as green ammonia.

"EnBW is committed to becoming a carbon-neutral power generation leader. Our collaboration on green ammonia, aligned with German, Norwegian and EU goals, signifies a strategic investment in carbon-neutral solutions. The Nordic region is poised to be a top supplier to Europe's carbon-free energy landscape, complementing its existing position as a reliable, stable energy partner of choice for Europe. This agreement underscores the potential of Norwegian-German collaboration in green energy and industry", said Peter Heydecker, Executive Director Trading of EnBW.

"Fuella convinced us as a partner with their hands-on approach, their industry expertise, and their great network with other strong partners, e.g. Allianz. We in EnBW want to be a long-term partner for Norway's ambitions to develop the future energy mix, both offshore wind, green hydrogen and ammonia. I believe this project will have substantial effects on local, national, and international scales. We are very excited to be part of this project."

In January 2023, Norway and Germany reaffirmed their joint intention to ensure a large-scale supply of hydrogen by 2030 and to establish the necessary infrastructure from Norway to Germany.

Germany estimates the country will need up to 130 terawatt hours (TWh) of hydrogen by 2030, including derivatives such as ammonia, methanol or synthetic fuels, of which 40-75 TWh would be made from renewable electricity, i.e. green hydrogen. 50-70% of Germany's hydrogen needs are expected to be covered through imports. Until 2030, Germany will be prioritizing its industrial sectors for the use of hydrogen.

Another example of energy collaboration between the two countries was set by Aker Horizons and VNG which signed a letter of intent (LOI) earlier this year aiming to ship green ammonia from Narvik, Northern Norway, to Germany.

VNG said it plans to procure up to 200,000 tonnes of green ammonia per year from Aker Horizons' large-scale green industrial hub under development in Narvik as of 2028.

EnBW buys into Norwegian green ammonia project

KARLSRUHE (dpa-AFX) - The energy group EnBW is increasing its investments in the area of e-mobility to around 200 million euros per year for the expansion of charging facilities for e-cars. Previously, it was more than 100 million euros per year, as the Karlsruhe-based company announced on Thursday. By 2030, EnBW wants to operate around 30,000 fast-charging points in Germany. It currently has more than 3400, making it Germany's largest fast-charging network, according to the company.

"Fast-charging infrastructure is the basis for a successful mobility turnaround," said EnBW board member Colette Rückert-Hennen. Because where motorists already have a dense and powerful public charging network, the decision to purchase an e-vehicle is much easier.

In September alone, EnBW will begin building five more covered fast-charging parks in Germany, according to the statement. There are already 27 charging parks equipped with solar roofs. There you can charge your car with up to 300 kilowatts. Depending on the vehicle, up to 400 kilometers of fresh range are possible in 20 minutes./kre/DP/jha

EnBW invests more money in charging infrastructure for e-cars

EnBW has doubled its investment in fast-charging infrastructure in Germany to around 200 million euros annually. By 2030, the energy company wants to operate about 30,000 charge points nationwide. Large "Hypernetz" hubs are under construction.

EnBW already operates the largest fast-charging network in Germany. Its "Hypernetz" currently comprises 3,400 high-power charge points and runs on an annual budget of €100 mn. The fact that EnBW nevertheless doubled its investment must stir up the competition.

"Fast-charging infrastructure is the basis for a successful transport turnaround: Where drivers already have access to a dense and efficient public charging network, it is much easier for them to decide in favour of an electric vehicle," says EnBW board member Colette Rückert-Hennen about the increased budget. "We are the driving force here - both in the size and quality of our fast charging network. EnBW is underpinning this leading role and sending a strong signal."

EnBW says it will begin constructing five new fast-charging parks spread across Germany in September alone. The company is building a large site east of Bremen. In North Rhine-Westphalia, a charging park is being built in the south of Bielefeld and another in Bavaria, east of Nuremberg. EnBW is also building two new sites in Rhineland-Palatinate. The new fast-charging facilities and many other locations are scheduled to go into operation this year. There is no information on the size of the five sites.

More information may be released during the IAA Mobility show in Munich next week. EnBW, at the Open Space at Königsplatz, wants to present its "NextLevel Ladepark" (Ladepark is German for charging hub). This concept features improved accessibility, including barrier-free charging stations. EnBW adds that it wants to set "new standards in sustainability in the industry". However, EnBW does not mention whether the five new fast-charging parks will already be "NextLevel".

"From our point of view, e-mobility is a system with the customers and their needs at the centre. To achieve this, all aspects of e-mobility must be cleverly networked. The motto of 'Experience Connected Mobility' at the IAA sums up our approach to the transport revolution," says Rückert-Hennen.

DE: EnBW earmarks €200m to build out HPC infrastructure - electrive.com

Karlsruhe-based EnBW bought 10% of the Skipavika Green Ammonia (SkiGA) project in Western Norway alongside exclusive long-term offtake rights. The investment reflects the European electric power industry's trust in the future role of a minuscule and still unprofitable sector in decarbonization efforts. Nevertheless, its perspective has worsened as the gas crisis eased.

EnBW Energie Baden-Württemberg said it entered into an investment agreement with one of Europe's most advanced projects for emission-free ammonia production. The company purchased a 10% interest in the SkiGA endeavor in Western Norway. It is a step toward meeting the climate goals that the European Union, Germany and Norway set by developing climate-neutral hydrogen products, it said.

The deal includes exclusive and long-term offtake rights. It will play a crucial role in expediting the project's path to a financial investment decision, EnBW pointed out.

However, the plant is already under construction, scheduled to be finished by 2026 and become the first system of its kind, the announcement reads. The initial capacity is set at 100,000 tons per year.

Ammonia is a compound of nitrogen and hydrogen, NH3. It can be used for the production of fertilizers and other industrial goods, converted to hydrogen for combustion in heat and power generation and used directly as fuel. Green ammonia is made from green hydrogen, which is obtained through a water electrolysis process powered by renewable sources.

Both technologies are in early stages of deployment and are still far from profitable, but developers count on hefty subsidies in Europe and North America. Namely, green ammonia is one of the possible solutions for the decarbonization of industrial production. It is also much easier to handle and transport than hydrogen, a volatile gas with the smallest molecules in universe.

As for the market environment, demand uncertainty on the low-carbon ammonia front, logistical issues and a steep fall in global spot prices of conventional hydrogen are jeopardizing investments, S&P Global Commodity Insights said in a report last month. The same goes for hydrogen.

The spread between the prices of hydrogen and ammonia made from unabated fossil fuels on one side, and lower-emission options on the other, makes investments in greener solutions more risky. Namely, almost all the hydrogen currently produced is from fossil gas, through steam-methane reforming.

Taking the conventional CFR Northwest Europe ammonia spot price as reference, its price on August 14 was 63.9% lower than on December 1. Unsurprisingly, it followed the steep drop in natural gas prices, while the price of green ammonia weakened just 0.3% in the same period, to USD 790 per metric ton. The cost difference ballooned 89.8% to USD 410 per metric ton.

The terms such as clean, emission free, carbon free, clean and climate neutral include hydrogen that is produced using electricity from nuclear power plants. It is called pink hydrogen.

EnBW is an electricity producer and operator of power grids and an electric vehicle charging network. The utility headquartered in Karlsruhe is owned by the state of Baden-Württemberg and OEW, a regional association of municipal authorities.

The company also suggested it may offer green ammonia to the local and international maritime sector.

"The Nordic region is poised to be a top supplier to Europe's carbon-free energy landscape, complementing its existing position as a reliable, stable energy partner of choice for Europe. This agreement underscores the potential of Norwegian-German collaboration in green energy and industry", sad EnBW's Executive Director for Trading Peter Heydecker. "We in EnBW want to be a long-term partner for Norway's ambitions to develop the future energy mix, both offshore wind, green hydrogen and ammonia."

The Skipavika Green Ammonia facility will be in Gulen municipality, near the Mongstad refinery on the west coast. The project has secured a grid connection and is in advanced talks for power purchase agreements, EnBW said. Fuella, a company specializing in hydrogen and ammonia, initiated the endeavor.

In particular, leaning on Norway's plan to reach 30 GW in offshore wind capacity by 2040, Fuella wants to tap on surplus electricity from such facilities to make hydrogen and ammonia in SkiGA. One of its investors is Allianz Capital Partners.

Of note, German utility RWE and Norway's Equinor agreed earlier this year to study the feasibility of a plan to produce and transport hydrogen through a proposed pipeline from Norway to Germany, where the fuel would be used to generate electricity.

Germany's EnBW buys stake in green ammonia plant under construction

Karlsruhe. At its meeting last Thursday, the Supervisory Board of EnBW Energie Baden-Württemberg AG took an early decision to reappoint Dirk Güsewell and Dr. Georg Stamatelopoulos for a further five years as members of the Board of Management.

Dirk Güsewell is the board member responsible for System Critical Infrastructure, while Dr. Georg Stamatelopoulos is the board member who oversees Sustainable Generation Infrastructure. Both were appointed to the EnBW Board of Management with effect from 1 June 2021. Their contracts, which run until 31 May 2024, have been extended for five years with effect from 1 June 2024, which means they are now due to end on 31 May 2029.

"We are delighted to be able to continue our good and trusting working relationship with Dirk Güsewell and Dr. Georg Stamatelopoulos following their reappointment. We now have a long-term constellation on the Board of Management capable of tackling the challenges that lie ahead," said Lutz Feldmann, Chairman of the EnBW Supervisory Board. "Expanding the grid and converting to new forms of generation are two key building blocks essential to the success of the energy transition for EnBW and ultimately Germany. Dirk Güsewell and his System Critical Infrastructure teams are securing a reliable energy supply and successfully driving the expansion of the electricity grids in particular. Transforming our generation portfolio is the Sustainable Generation Infrastructure team's biggest challenge. As the board member responsible for this task, Georg Stamatelopoulos strikes the perfect balance between expanding renewables and simultaneously taking into account the provision of available generation capacity."

EnBW Energie Baden Württemberg  :  Supervisory Board decides to reappoint Dirk Güsewell and Georg Stamatelopoulos

EnBW Energie Baden Wuerttemberg AG (EnBW) is a Germany-based holding company of the EnBW Group, operating in the energy sector. The core activities of EnBW are divided into three business areas: Electricity, Gas, and Energy and Environmental Services. The Electricity business area is divided into Electricity generation and trading, and Electricity grid and sales divisions. It generates electricity from nuclear power, hydropower, solar power, geothermal energy and wind power, among others. The Gas business area consists of the midstream area, including the import agreements and infrastructure, storage, trading, as well as the downstream area, including the distribution and sales. The Energy and Environmental Services business area includes such areas as thermal and non-thermal disposal, water and other energy related services. The Company also has sales offices and subsidiaries in Germany and throughout central and eastern Europe.

EnBW Energie Baden Württemberg  :  Investor presentation Barclays Credit Conference July 2023

EnBW Energie Baden Württemberg  :  Investoren Präsentation Barclays Credit Conference Juli 2023

Full-year earnings expected to be at upper end of guidance range

Based on preliminary figures, EnBW expects Group adjusted EBITDA of €3.5 billion for the first half of 2023. The increase is mainly attributable to the Sustainable Generation Infrastructure segment, with earnings growth in thermal power generation and in energy trading as a result of high market volatility. Negative effects resulted from the deconsolidation of an indirect gas supply company within the Smart Infrastructure for Customers segment and a presentation change under which valuation effects on derivatives are now presented in the non-operating result in the Sustainable Generation Infrastructure segment.

Based on the prior and expected performance, EnBW confirms its guidance for adjusted EBITDA at Group level of €4.7 billion to €5.2 billion in the 2023 financial year. However, from today's perspective, EnBW expects Group adjusted EBITDA to be at the upper end of the guidance range. This is due to an expected positive deviation from the forecast for the Sustainable Generation Infrastructure segment based on the half-year figures and an expected negative deviation from the forecast for the Smart Infrastructure segment as a result of the effects of the above-mentioned deconsolidation.

Based on preliminary figures, EnBW expects Group net profit of €2.8 billion for the first half of 2023.

Adjusted EBITDA is earnings before investment and financial results, income taxes, depreciation and amortization and adjusted for non-operating effects.

The Six-Monthly Financial Report for the first half of financial year 2023 will be released as planned on 11 August 2023.

EnBW Energie Baden-Württemberg AG: Group operating earnings in first half year above expectations

BERLIN (Reuters) - German utility EnBW confirmed its full-year outlook on Friday, with adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) now expected to be at the upper end of the forecast range of 4.7-5.2 billion euros.

The German utility said its half-year adjusted EBITDA came in at 3.5 billion euros, citing preliminary results, more than double the 1.4 billion euros it reported for the first six months of 2022.

EnBW said the jump in earnings was mainly driven by its Sustainable Generation Infrastructure segment, which saw growth in thermal power generation and energy trading as a result of high market volatility.

The company is scheduled to release its final half-year figures on Aug. 11.

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