About RWE Aktiengesellschaft (RWE.DE)

Company Description:

RWE Aktiengesellschaft, a prominent player in the utilities sector, primarily focuses on power generation, trading, and distribution. It operates across various segments including conventional power generation, trading/gas midstream, renewables, and supply/distribution networks in Germany. The company has a history dating back to 1898 when it was established in Essen, Germany, where it is still headquartered today.

Main Product(s):

RWE Aktiengesellschaft's main operations include electricity generation from gas, coal, nuclear, and renewable sources; energy trading; and distribution. It also has significant activities in water supply and distribution.

Short History of RWE Aktiengesellschaft:

1898: RWE was founded in Essen, Germany.
2000: Expansion into telecommunications with the acquisition of VEW AG.
2016: Major restructuring with a focus on renewable energy, leading to the creation of Innogy SE.
2019: Acquisition of E.ON's renewable energy assets, reinforcing RWE's commitment to green energy.
2021: RWE further expanded its renewable portfolio, emphasizing offshore wind and solar energy.