on offering existing and potential customers innovative and sustainable products and services that enable them to use energy more efficiently and improve their quality of life.

In renewable power generation, the company is also active in other regions, e.g. Spain and Italy. The new subsidiary of RWE AG started operations on 1 April 2016. On 29 June 2016, the name of the European stock company was announced: Innogy. The new name took formal effect as of September 2016, since the company, as well as its products and services, will be gradually rebranded.

Based on the combined financial statements for 2015, the company would have a revenue of around €46 billion and an EBITDA of €4.5 billion. The company is expected to employ around 40,000 out of a total of around 60,000 employees of the RWE Group once the restructuring process has been completed.

They plan, build, and operate plants to generate power and extract energy from renewable sources. They aim to rapidly expand renewables in Europe, both on their own and with partners. In this way, they can work together to make the energy transition a success.

The distribution grids form the backbone of the energy transition. They play a key role in securing power supply by integrating weather- and time-dependent renewable sources as well as decentralized generating systems. They have currently distribution grids in five countries, four-fifths of it comprising power lines and one-fifth gas lines.

They currently supply around 16 million electricity customers and seven million gas customers in eleven European markets with energy, both reliably and at fair prices. Based on volumes sold respectively the number of customers, they are currently among the largest electricity and gas retailers in Germany, the Netherlands, and in the United Kingdom. Furthermore, they currently hold leading positions in electricity and/or gas supply in many markets in Central Eastern and South=Eastern Europe.