E.ON Stock

E.ON SE operates as an energy company.

The company’s operations are segmented into four operating units: Energy Networks, Customer Solutions, innogy, and Renewables. Its non- strategic operations are reported under Non-Core Business.

Energy Networks

This segment consists of the company’s power and gas distribution networks and related activities. It is subdivided into three regional markets: Germany, Sweden, and East-Central Europe/Turkey (which consists of the Czech Republic, Hungary, Romania, Slovakia, and Turkey). This segment’s main tasks include operating its power and gas networks safely and reliably, carrying out any necessary maintenance and repairs, and expanding its power and gas networks, which frequently involves adding customer connections.

Customer Solutions

This segment serves as the platform for working with the company’s customers to actively shape Europe’s energy transition. This includes supplying customers in Europe (excluding Turkey) with power, gas, and heat, as well as with products and services that enhance their energy efficiency and autonomy and provide other benefits. The company’s activities are tailored to the individual needs of customers across all categories: residential, small and medium sized enterprises, large commercial and industrial, and public entities. The company’s main presence in this business is in Germany, the United Kingdom, Sweden, Italy, the Czech Republic, Hungary, and Romania. E.ON Business Solutions, which provides customers with turn-key distributed-energy solutions, is also part of this segment.

innogy

This segment consists in particular of the network and sales businesses, as well as the corporate functions and internal services of the innogy Group, which the company took over in September 2019. innogy operates its network business primarily in Germany, Poland, Hungary, and Croatia. Its sales business is engaged principally in Germany, the United Kingdom, the Netherlands, Belgium, Hungary, and Poland. This segment does not contain innogy’s renewables and gas-storage businesses or its stake in Austrian energy utility, KELAGKärntner Elektrizitäts-Aktiengesellschaft, which are still to be transferred to RWE.

Renewables

This segment consists of onshore wind, offshore wind, and solar farms. The company’s planned, built, operated, and managed renewable generation assets. Their output was marketed in several ways, such as in conjunction with renewable incentive programs, under long term electricity supply agreements with key customers, and directly to the wholesale market. Substantially all of the operations in this segment were classified as discontinued operations effective June 30, 2018, and deconsolidated effective September 18, 2019. Certain business operations of e.disnatur in Germany and Poland, as well as a 20-percent stake in Rampion offshore wind farm in the United Kingdom were not transferred to RWE and continued to be reported here in the 2019 financial year.

Non-Core Business

This segment consists of the company’s non-strategic activities. This applies to the operation and dismantling of nuclear power stations in Germany (which is managed by the company’s PreussenElektra unit) and the generation business in Turkey.

Strategic Co-Investments

In 2019, the company invested in Vinli and HoloBuilder and made a number of follow-up investments in its portfolio.

Vinli, a U.S.-based startup, has developed software and a data analysis platform for mobility solutions. The software solution not only collects and clearly structures data from vehicles connected to the system. It can also generate results-oriented insights that enable large vehicle fleet operators, automakers, and service providers to make the advantages of eMobility economical.

HoloBuilder, a startup with roots in Aachen and based in San Francisco, has developed a cloud solution that not only enables virtual construction site inspections and 360° live streaming from construction sites but also time travel: construction managers, business customers, and contractors can fast-forward and rewind at any time and thus better track construction progress. Another feature is the virtual measurement of distances at a construction site. The images for the software are provided by a 360° camera in conjunction with the JobWalk app, which employees can use on site to activate the camera and document the project.

Going forward, the company will use HoloBuilder’s solution for projects to install network equipment (such as substations and switchgears) and for large city energy projects.

Partnerships with Universities

Collaborative work in the E.ON Energy Research Center at RWTH Aachen University focuses on technologically advanced electricity networks, heat solutions for buildings and city districts, and new solutions for residential customers and industrial enterprises.

Strategy

The company’s innovation activities reflect its strategy of focusing systematically on the new energy world of empowered and proactive customers, renewables and distributed energy, energy efficiency, local energy systems, and digital solutions.

History

E.ON SE was founded in 1923.