Four companies, one RWE
Our energy for a sustainable life
Electricity is the most important driving factor for innovation and modernisation in our time. The more digitalisation and electrification progress, the larger the demand for a secure electricity supply that is always available. At the same time, climate change urges us to significantly reduce emissions.
Society therefore faces a tremendous task: to meet increasing power demand on the one hand and protect our climate on the other. The new RWE will play an important role in achieving this. With a clear focus on the technologies of the future: renewables and storage. Supported by a globally active trading company. And with a flexible fleet of conventional power plants in the German, Benelux, and British core markets that helps maintain a reliable power supply. In the course of this, our company will responsibly implement the phasing out of nuclear energy and coal. Within the new RWE, the individual companies will perform different tasks (as depicted in the following overview). Our shared guiding principle is clear: “Our energy for a sustainable life”. Approximately 20,000 people at RWE are working to this end and they have set themselves an ambitious goal: to achieve carbon neutrality by 2040.
RWE Renewables is RWE’s newest subsidiary and is responsible for our renewables business. In concrete terms, this means: around 3,500 highly-qualified employees, business in more than 15 countries around the globe, and a portfolio of plants with a total capacity of more than 9 GW.
Thus equipped, the company is a major player, right from the very start. And it has a clear focus on growth: the project pipeline is well filled. In future, 1.5 billion euros net will be invested in renewables and storage technologies each year. And this includes every type of technology: offshore and onshore wind power as well as photovoltaics. Together with our partners, this can provide an additional 2 to 3 GW per year, a good part of which will expand the RWE Renewables portfolio.
With its highly efficient power plants in Germany, the UK and the Netherlands, approximately 3,100 employees at RWE Generation efficiently use gas, hard coal, hydro power and biomass to generate electricity. The company’s gas fleet is the fourth largest in Europe.
Which is an excellent starting point, as gas is becoming increasingly important as a bridge to the age of renewables. The company banks on biomass, particularly in the Netherlands – and is converting two coalfired power stations so that they can use this CO₂-neutral energy source. RWE also has hydro power plants in many core markets.
RWE Power’s conventional power plants are the backbone of security of supply. This company, which has around 11,000 employees, handles power generation from lignite and nuclear energy. These conventional energy sources reliably provide electricity when wind and solar power are not available. Their share in German electricity generation is currently around 15 per cent. The lignite power plants are supplied by adjacent opencast mines, adding value in the Rhenish area, from extraction to power generation.
The phase-out of nuclear energy will be completed by the end of 2022, whilst coal fired power production in Germany will be phased out by 2038 at the latest. RWE Power will implement both securely and responsibly.
RWE Supply & Trading
RWE Supply & Trading is the interface between RWE and energy markets around the world. Around 1,600 employees from 40 nations trade electricity, gas, commodities, and CO₂ emission certificates. Aided by precise market analyses and guided by high customer orientation, they create innovative energy supply solutions as well as concepts for risk management in industrial companies.
The trading company also ensures the commercial optimisation of the RWE power plants, operates storage for natural gas, and markets the renewable energy generated by RWE Renewables.
RWE Renewables, RWE Generation, RWE Power, and RWE Supply & Trading are active in different fields of the power business. Together, they are driving the energy transition. The leading minds of the companies talk about their goals and ambitions.
- Anja-Isabel DotzenrathCEO RWE Renewables
“RWE Renewables will start as a globally leading renewables platform. We are looking forward to unlocking new profitable growth opportunities in Europe, the Americas and Asia-Pacific for RWE.”
- Roger MiesenCEO & COO RWE Generation
“With our flexible, efficient power plant portfolio, we are paving the way to the age of renewables. In the course of this, we are particularly banking on the fast-growing gas market, on which we are further expanding our strong position. By converting power stations and successfully developing storage technologies, we are intent on continuing on our path of reducing CO₂ emissions.”
- Frank WeigandCEO & CFO RWE Power
“We reliably supply electricity whilst implementing the phase-out of nuclear energy and lignite – as a responsible employer and partner of the region. Our conventional power plants will be needed for a long time to come in order to back up the energy transition. We fully support climate targets and are using all our know-how to drive innovation and the remodelling of energy supply.”
- Andree StrackeCCO Origination & Gas Supply RWE Supply & Trading
“As a trading company, we have established ourselves on global markets and develop innovative solutions for our customers, while we continue to grow in global commodity markets, such as gas and LNG (liquefied natural gas).”