RWE
Encyclopedia
RWE AG is a German electric power
and natural gas
public utility
company based in Essen
. 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). It's the largest German investor in Egypt (RWE Dea and RWE Power do business in Egypt). Also RWE has begun building more wind farm
s, a renewable energy
business that has helped to reduce energy prices in Europe.
in 1898 as Rheinisch-Westfälisches Elektrizitätswerk Aktiengesellschaft (RWE). It first power station started operating in Essen in 1900.
In 1900 the local municipalities together owned the majority of the company.
In 2003 Dr Dietmar Kuhnt was succeeded by Harry Roels as CEO of the company and then in 2007 Dr. Juergen Grossmann took over.
, 1.1% pumped storage, 2.4% renewables, 13.6% gas
and 14.9% Nuclear power
. In total, the company produced 324.3 TWh of electricity in 2007, 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. In 2010 the company was responsible for 164.0 MTon of CO2, In 2007 the company ranked between the 28th and the 29th place of emitters by country.
test project in the German capital, Berlin, called "e-Mobility Berlin". 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.
Electric power
Electric power is the rate at which electric energy is transferred by an electric circuit. The SI unit of power is the watt.-Circuits:Electric power, like mechanical power, is represented by the letter P in electrical equations...
and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
public utility
Public utility
A public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...
company based in Essen
Essen
- Origin of the name :In German-speaking countries, the name of the city Essen often causes confusion as to its origins, because it is commonly known as the German infinitive of the verb for the act of eating, and/or the German noun for food. Although scholars still dispute the interpretation of...
. 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
American Water (company)
thumb|right|350px|The Iowa American Water Company plant in [[Davenport, Iowa]] on the banks of the [[Mississippi River]]American Water is a public utility company operating in the United States and Canada...
, 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
Barrel of oil equivalent
The barrel of oil equivalent is a unit of energy based on the approximate energy released by burning one barrel of crude oil. The US Internal Revenue Service defines it as equal to 5.8 × 106 BTU...
) and 3 billion m3 of natural gas (about 18 million boe, 49,300 boe a day). It's the largest German investor in Egypt (RWE Dea and RWE Power do business in Egypt). Also RWE has begun building more wind farm
Wind farm
A wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...
s, a renewable energy
Renewable energy
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
business that has helped to reduce energy prices in Europe.
History
The company was founded in EssenEssen
- Origin of the name :In German-speaking countries, the name of the city Essen often causes confusion as to its origins, because it is commonly known as the German infinitive of the verb for the act of eating, and/or the German noun for food. Although scholars still dispute the interpretation of...
in 1898 as Rheinisch-Westfälisches Elektrizitätswerk Aktiengesellschaft (RWE). It first power station started operating in Essen in 1900.
In 1900 the local municipalities together owned the majority of the company.
In 2003 Dr Dietmar Kuhnt was succeeded by Harry Roels as CEO of the company and then in 2007 Dr. Juergen Grossmann took over.
Operations
RWE subsidiaries include:- RWE Power AGRWE Power AGRWE Power AG is a subsidiary of RWE AG. It operates several power plants in Germany.- Nuclear Power Plants :* Gundremmingen Nuclear Power Plant * Biblis Nuclear Power Plant* Emsland Nuclear Power Plant...
- RWE Energy
- RWE Deutschland AG
- RWE npowerNpower (UK)RWE Npower plc is a UK-based electricity and gas supply generation company, formerly known as Innogy plc. As Innogy plc it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index...
- RWE Dea
- RWE Supply & Trading
- RWE IT
- RWE Innogy (new Renewables Company, from February 2008 on)
Financial data
| Years | 2002 | 2003 | 2004 | 2005 | 2006 |
|---|---|---|---|---|---|
| Sales Sales A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity.... |
46 633 | 43 875 | 42 137 | 41 189 | 44 256 |
| EBITDA EBITDA EBITDA is an acronym for earnings before interest, taxes, depreciation, and amortization. It is a non-GAAP metric that is measured exactly as stated. All interest, tax, depreciation and amortization entries in the income statement are reversed out from the bottom-line net income... |
7 241 | 8 476 | 8 400 | 8 324 | 7 861 |
| Net result Net profit Net profit or net revenue is a measure of the profitability of a venture after accounting for all costs. In a survey of nearly 200 senior marketing managers, 91 percent responded that they found the "net profit" metric very useful... |
1 050 | 953 | 2 137 | 2 231 | 3 847 |
| Net debt Debt A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a... |
15 494 | 17 838 | 12 385 | 11 438 | 6 864 |
| Staff Workforce The workforce is the labour pool in employment. It is generally used to describe those working for a single company or industry, but can also apply to a geographic region like a city, country, state, etc. The term generally excludes the employers or management, and implies those involved in... |
131 765 | 127 028 | 97 777 | 85 928 | 68 534 |
Fuel mix disclosure
RWE produced in 2007 electricity from the following sources: 32.9% hard coal, 35.2% ligniteLignite
Lignite, often referred to as brown coal, or Rosebud coal by Northern Pacific Railroad,is a soft brown fuel with characteristics that put it somewhere between coal and peat...
, 1.1% pumped storage, 2.4% renewables, 13.6% gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and 14.9% Nuclear power
Nuclear power
Nuclear power is the use of sustained nuclear fission to generate heat and electricity. Nuclear power plants provide about 6% of the world's energy and 13–14% of the world's electricity, with the U.S., France, and Japan together accounting for about 50% of nuclear generated electricity...
. In total, the company produced 324.3 TWh of electricity in 2007, which makes it the 2nd largest electricity producer in Europe, after EdF
EDF
- Military :* Elmendorf Air Force Base, a United States Air Force Base in Alaska* Estonian Defence Forces, military of the Republic of Estonia* European Defence Force, an international military force by the European Council- Organizations :...
. Electricity production at the German branch of RWE had in 2006 the following environmental implications: 700 µg/kWh radioactive waste
Radioactive waste
Radioactive wastes are wastes that contain radioactive material. Radioactive wastes are usually by-products of nuclear power generation and other applications of nuclear fission or nuclear technology, such as research and medicine...
and 752 g/kWh CO2 emissions. In 2010 the company was responsible for 164.0 MTon of CO2, In 2007 the company ranked between the 28th and the 29th place of emitters by country.
Carbon intensity
| Year | Production (TWh TWH TWH or twh could refer to:*Tennessee Walking Horse, a breed of horse* Toronto Western Hospital, a hospital in Toronto, Canada* TWH Bus & Coach, a bus company in Romford, England* Terrawatt-hour, measure of electrical energy, 1012 watt-hours... ) |
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 |
Transport electrification
Carmaker Daimler AG and utility RWE AG are going to begin a joint electric car and charging stationCharging station
An electric vehicle charging station, also called EV charging station, electric recharging point, charging point and EVSE , is an element in an infrastructure that supplies electric energy for the recharging of electric vehicles, plug-in hybrid electric-gasoline vehicles) or semi-static and mobile...
test project in the German capital, Berlin, called "e-Mobility Berlin". Daimler plans to deploy a fleet of over 100 second-generation Smart ED
Smart ED
The Smart fortwo electric drive is a battery electric vehicle version of the Smart Fortwo micro car. This electric car was formerly known as Smart fortwo EV...
and Mercedes A-Class E-Cell cars powered by lithium ion batteries.