The energy transition calls for a change in thinking. Thinking differently. Thinking in new ways. We have accepted the challenge and set the course towards the future. We have successfully implemented our 2020 strategy. By doing so, we have established the basis for our further development with our 2025 strategy.
In the future, we will focus on the infrastructure aspect within our existing business fields and explore growth areas beyond energy that are based on our core expertise. Our core areas of expertise – the things we can do well and better than many others – include the safe and reliable construction of critical infrastructures in the field of energy as well as their operation and management. This expertise can also be transferred to other growth areas.
Our actions for the future
The first phase of the energy transition in Germany was mainly driven by energy policy and regulation. During this phase, we significantly changed our portfolios on the way to becoming the energy company of the future. A second phase is now taking shape, which will take our business activities beyond the energy market. In the future, customers, the market and technologies will set the agenda more than they have done to date. Against this background, we have developed our “EnBW 2025” strategy:
In the “Smart Infrastructure for Customers” segment, for example, we see considerable potential in the areas of e-mobility and telecommunications. We want to further expand our quick-charging infrastructure throughout Germany and thus maintain our market-leading position. We are also continuing to expand the infrastructure in the telecommunications sector and extending our range of services. With home storage systems from SENEC for supplying solar power, we are aiming to secure a leading position in the German market.
In the area of electricity and gas sales, we will continue to rely on digitalization and improve our cost efficiency.
Our grid subsidiaries in the “System Critical Infrastructure” segment take care of the security of supply for electricity and gas. Both transmission and distribution grids are being further expanded. At the same time, our electricity distribution grids are being made fit for future requirements – to meet the needs of e-mobility or decentralized energy generation, for example.
As part of the decarbonization of the gas sector, our grid companies are preparing their grid infrastructure for the use of climate-neutral gas such as green hydrogen in the future.
In the “Sustainable Generation Infrastructure” segment, we are focusing on the expansion of renewable energies, both in our home market and – selectively – on international markets. We want to increase our generation capacity for wind and solar to a total of 5.2 GW by 2025. Together with bp, we are planning two offshore wind farms in the Irish Sea with commissioning set to take place from 2028 as well as another offshore wind farm off the coast of Scotland. In addition, we are continuing to expand our gas business, especially in the area of green gases. Meanwhile, we intend to phase out coal-fired power generation by no later than 2035. We are therefore planning to convert some of our coal power plants to more climate-friendly gas in order to be able to use green hydrogen later. We will take the last nuclear power plant off the grid by the end of 2022. We are adapting our trading activities to the changes in our generation portfolio and the energy markets.
Switching to growth
Following a phase of realignment and restructuring, we are now primarily on course for growth. For 2025, we have set ourselves the goal of generating an operating result of EUR 3.2 billion adjusted EBITDA.
Further information:
minus €187.4m from the “Other/Consolidation” segment for the 2021 financial year
Economically ambitious, good for the climate and socially balanced: EnBW is consolidating its sustainable corporate strategy in economic, ecological and social dimensions. In doing so, it is guided by the requirements and targets of the Paris Agreement with the ambitious goal of achieving climate neutrality by 2035. We structure our sustainability agenda into four strategic focus areas:
- New energy and climate neutrality
- Infrastructure transition
- Culture of sustainability
- Safeguarding livelihoods