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VERBUND AG engages in the production and distribution of electricity. It operates through the following segments: Hydro, New renewables, Sales, Grid, and All other segments. The Hydro segment covers the generation of energy from hydropower. The New renewables segment reports on wind and solar power activities. The Sales segment includes all trading and sales activities. The Grid segment comprises activities of Austrian Power Grid. "All other segments" is a combined heading under which the Thermal generation segment, Services segment and Equity interests segment are brought together given that they are below the quantitative thresholds. The company was founded in 1947 and is headquartered in Vienna, Austria.