| Type | Aktiengesellschaft (FWB: RWE) |
|---|---|
| Industry | Utilities, energy |
| Headquarters | Essen, Germany |
| Key people | Jürgen Großmann (President and CEO), Manfred Schneider (Chairman of the supervisory board) |
| Products | Electricity generation and distribution, renewable energy, natural gas exploration, production, transportation and distribution |
| Revenue | €50.72 billion (2010)[1] |
| Operating income | €7.681 billion (2010)[1] |
| Profit | €3.308 billion (2010)[1] |
| Total assets | €93.08 billion (end 2010)[1] |
| Total equity | €17.42 billion (end 2010)[1] |
| Employees | 70,860 (FTE, end 2010)[1] |
| Website | www.rwe.com |
RWE AG (until 1990: Rheinisch-Westfälisches Elektrizitätswerk AG), is a German electric power and natural gas public utility company based in Essen, North Rhine-Westphalia, Germany. Through its various subsidiaries, the energy company contributes electricity and gas to more than 20 million electricity customers and 10 million gas customers, principally in Europe. RWE is the second largest electricity producer in Germany. RWE previously owned American Water, the United States' largest investor-owned water utility, but this was divested in 2008. Subsidiary RWE Dea produces some of the oil and gas its parent sells (annual production is around 2 million m3 of crude oil (about 365,000 boe) and 3 billion m3 of natural gas (about 18 million boe, 49,300 boe a day).[2] It's the largest German investor in Egypt (RWE Dea and RWE Power do business in Egypt).[3] Also RWE has begun building more wind farms, a renewable energy business that has helped to reduce energy prices in Europe.[4][5]
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The company was founded in Essen in 1898 as Rheinisch-Westfälisches Elektrizitätswerk Aktiengesellschaft (RWE).[6] It first power station started operating in Essen in 1900.[6]
In 1900 the local municipalities together owned the majority of the company.[6]
In 2003 Dr Dietmar Kuhnt was succeeded by Harry Roels as CEO of the company and then in 2007 Dr. Juergen Grossmann took over.
RWE subsidiaries include:
| Years | 2002 | 2003 | 2004 | 2005 | 2006 |
|---|---|---|---|---|---|
| Sales | 46 633 | 43 875 | 42 137 | 41 189 | 44 256 |
| EBITDA | 7 241 | 8 476 | 8 400 | 8 324 | 7 861 |
| Net result | 1 050 | 953 | 2 137 | 2 231 | 3 847 |
| Net debt | 15 494 | 17 838 | 12 385 | 11 438 | 6 864 |
| Staff | 131 765 | 127 028 | 97 777 | 85 928 | 68 534 |
RWE produced in 2007 electricity from the following sources: 32.9% hard coal, 35.2% lignite, 1.1% pumped storage, 2.4% renewables, 13.6% gas and 14.9% Nuclear power.[8] In total, the company produced 324.3 TWh of electricity in 2007,[9] which makes it the 2nd largest electricity producer in Europe, after EdF. Electricity production at the German branch of RWE had in 2006 the following environmental implications: 700 µg/kWh radioactive waste and 752 g/kWh CO2 emissions.[10] In 2010 the company was responsible for 164.0 MTon of CO2,[11][12] In 2007 the company ranked between the 28th and the 29th place of emitters by country.
| Year | Production (TWh) | Emission (Gt CO2) | kg CO2/MWh |
|---|---|---|---|
| 2002 | 184 | 135.5 | 738 |
| 2003 | 179 | 140.5 | 787 |
| 2004 | 183 | 139.1 | 761 |
| 2005 | 182 | 142.7 | 784 |
| 2006 | 185 | 142.4 | 771 |
| 2007 | 173 | 147.06 | 848 |
| 2008 | 194 | 144.46 | 747 |
| 2009 | 169 | 133.7 | 792 |
Carmaker Daimler AG and utility RWE AG are going to begin a joint electric car and charging station test project in the German capital, Berlin, called "e-Mobility Berlin".[13] Daimler plans to deploy a fleet of over 100 second-generation Smart ED and Mercedes A-Class E-Cell cars powered by lithium ion batteries.[14]
On 2 April 2011, about 3,000 people protested outside of RWE's headquarters in Essen, as part of a larger protest against nuclear power.[15]
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