Vattenfall's Resilience in the Face of Challenging Market Conditions

As the energy market faced a sharp increase in electricity prices throughout Europe in 2022, Vattenfall demonstrated its commitment to supporting its customers while continuing to invest in the energy transition. Despite the difficulties arising from the war in Ukraine, which led to a doubling of electricity and gas prices in all of Vattenfall's markets, the company adapted by offering advice on energy saving measures, installment plans, and more to its customers. The efforts paid off as 400,000 new customers chose Vattenfall, a testament to the company's ability to navigate turbulent times. Furthermore, Vattenfall remained focused on reducing its carbon footprint, with notable achievements including a 51% decrease in CO2 emissions from its operations between 2017 and 2022.

Key Takeaways:

Vattenfall supported its customers during a challenging time by offering energy saving measures, installment plans, and more, leading to 400,000 new customers choosing the company in 2022.
The company maintained its focus on reducing carbon dioxide emissions, achieving a 51% decrease in emissions from its own operations between 2017 and 2022.
Vattenfall continued to invest in the energy transition, allocating 31 billion to various projects, with 90% of investments eligible and aligned with the EU taxonomy regulation.
Wind power accounted for 54% of the investments, followed by electricity grid at 18%, and nuclear power at 6%.
The company generated 92.6 TWh of fossil-free electricity in 2022 and increased the capacity of renewable electricity to 4.5 GW, an increase of 1.2 GW since 2017.

Statistics:

400,000 new customers chose Vattenfall in 2022.
CO2 emissions from Vattenfall's operations decreased by 51% from 2017 to 2022.
Total investments made by Vattenfall in 2022 were 31 billion.
90% of Vattenfall's investments were eligible and aligned with the EU taxonomy regulation.
Wind power accounted for 54% of Vattenfall's investments in 2022, followed by electricity grid at 18%, and nuclear power at 6%.
92.6 TWh of fossil-free electricity was generated in 2022.
The capacity of renewable electricity at Vattenfall increased by 1.2 GW from 2017 to 2022, reaching 4.5 GW in 2022.

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