An overview of our business segments

As an integrated energy company, the EnBW Group operates along the entire value chain offering an extensive portfolio of services.

As part of our 2020 strategy, we realigned our business model in June 2013 and laid the foundations for EnBW to successfully assert its position in light of the changed conditions on the energy market. We have been rigorously implementing our strategy since then. This also included restructuring the Group as an integrated company, which has involved the merging of important business entities and placing the value-added stages of generation, trade, sales and services into individual business units. As "ONE EnBW" we are leaner, more effective and more customeroriented.

The Sales segment encompasses the sale of electricity and gas: We utilise our broad energy industry and process-based expertise, as well as our existing relationships with our customers, and provide energy solutions and energy industry services: Against the background of advancing digitalisation, we are optimising, amongst other things, our customer processes and expanding our digital range of products.

The Grids segment encompasses the transmission and distribution of electricity and gas, the provision of grid-related services, e.g. the operation of grids for third parties, and the supply of water. Value added in the Grids segment is based on the existing infrastructure and the process know-how necessary to operate and expand this infrastructure efficiently. Furthermore, value added is anchored in the numerous close relationships with local authorities and citizens. We will further expand our grid business at all voltage levels in the course of the Energiewende and thus contribute to supply reliability. For example, our subsidiary TransnetBW, together with partners, is currently involved in planning two high-performance north-south connections using high-voltage DC transmission technology (HVDC). Partnerships will also play a more important role in the distribution grid in future as we efficiently manage our customers' grid installations and infrastructures and prepare them to meet the new requirements.

The company's activities in the area of power generation from renewable energy sources – where we utilise the natural resources of water, wind and sun – are combined under the Renewable Energies segment. We are expanding renewable energies, above all in the areas of onshore and offshore wind energy, and broadening our activities along the value chain: The principle of partnership plays a central role in this context and we offer potential investors such as local authorities and private citizens, whom we attract with the aid of targeted models, the chance to participate in renewable energy projects. The value we add in this segment encompasses project development, construction and efficient operation, as well as the repowering of the plants in the future.

The Generation and Trading segment encompasses electricity generation, the exploration, production and storage of gas, the trading of gas and electricity, the provision of system services for the operators of transmission grids, the operation of reserve power plants, the gas midstream business, district heating, environmental services and the dismantling of power plants. This business is primarily based on the generation of electricity and heat from our coal, gas, pumped storage and nuclear power plants and our operational and optimization expertise. Due to continuing, unattractive wholesale market prices and spreads; our fossil fuel power plants will also remain under pressure in the future. The power plants operating on the market, as well as those power plants transferred to the grid reserve, make a significant contribution to the security of supply in Germany. As equal partners, we support our customers in the integration of their power plants into the market using our services and expertise – such as in the area of direct marketing.