RWE
German energy company in Essen that generates and trades electricity in Europe, the United States and Asia-Pacific, with 46.8 GW of installed capacity at the end of 2025.
Industry: Electricity generation and trading | Location: Essen, Germany | Founded: 1898 | Total Funding: USD 4.6B
About RWE
RWE is a German multinational energy company headquartered in Essen. It generates and trades electricity in Europe, the United States and the Asia-Pacific region. The business traces its origins to Rheinisch-Westfälisches Elektrizitätswerk, founded in 1898, whose first power station began operating in Essen in 1900. The full name was used until 1990, when the company became RWE AG. Markus Krebber is president and chief executive, and Frank Appel chairs the supervisory board. At the end of 2025 RWE had 46.8 GW of installed generation capacity, up from 44.1 GW a year earlier, mostly through new solar, onshore wind and battery projects. Renewables accounted for 21.3 GW, or 45 percent of the total, and gas for 16.0 GW, or 34 percent. The United States contributed more than half of the capacity added, at 1.6 GW. The group employed 20,120 people on a full-time-equivalent basis, of whom 12,862 worked in Germany, a reduction of 865 from the end of 2024 that came mainly from early retirement in its phase-out technologies segment. Adjusted EBITDA for 2025 was 5.1 billion euros, 10 percent lower than in 2024 but at the upper end of guidance. The company plans to invest 35 billion euros between 2026 and 2031 to add 25 GW of renewable, battery storage and flexible generation, taking capacity to around 65 GW. In June 2026 RWE moved further into the grid business. On 22 June it announced agreements with five shareholders of M31 to acquire a 35 percent indirect stake in Amprion, the German extra-high-voltage transmission system operator, for an aggregate price of 3.6 billion euros. The purchase lifts RWE's holding in Amprion to 55 percent and gives it majority control. Amprion operates an extra-high-voltage network of about 11,000 kilometres from the North Sea to the Alps and supplies roughly 29 million people in major industrial regions. To fund the purchase, RWE launched an equity capital raise of around 4 billion euros. The Qatar Investment Authority (QIA) said it would invest 432 million euros as a cornerstone investor, raising its stake in RWE from 9.27 percent to 9.87 percent. Norges Bank Investment Management also signalled interest, and RWE's German-language announcement said the two investors intended to take shares worth about 1 billion euros between them, around a quarter of the expected offering. QIA's involvement dates to 2022, when it invested through a 2.43 billion euro mandatory convertible bond that helped finance RWE's purchase of Con Edison's clean energy business in the United States. QIA later became RWE's largest single shareholder.
Leadership
- Markus Krebber, Chief Executive Officer
- Michael Müller, Chief Financial Officer
- Katja van Doren, Chief Human Resources Officer and Labour Director
- Frank Appel, Chairman of the Supervisory Board