Vattenfall

How did our work towards fossil freedom go in the beginning of 2024? Vattenfall had a solid start to the year with a good result development despite lower electricity prices.   “We live in a changing world, with continued geopolitical and financial uncertainty and we have an important year ahead of us. However, it is clear to us that the direction of the energy transition remains, and that many attractive business opportunities come with it,” says President and CEO Anna Borg. #Vattenfall #financialreport #quarterlyreport #fossilfreedom

Great inauguration at Teknikens hus Luleå Thursday. Vattenfall’s CEO Anna Borg was interviewed by the fantastic moderators Vera, 10, and Pelle, 12. The new exihibition ”Drivkraft” shows the young the important role of #fossilfree electricity, to decarbonize society.

How do we best utilize the 71 per cent of Earth's surface that is water? Pumped hydro power plants offer significant potential in the transition to a fossil-free and predictable energy system. Additionally, tidal power is being re-examined as a dependable power source. Learn more about the vast potential of water and hydro power in THE EDIT #13. #vattenfall #theedit #fossilfreedom #hydropower #water #fossilfree

Vattenfall and BASF agreed the sale of 49 percent of Vattenfall’s Nordlicht wind farms to BASF. The Nordlicht wind project is being built in the German North Sea without state subsidies and, with a total installed capacity of 1.6 gigawatts, will be the largest offshore wind farm project in realization for Vattenfall to date. It consists of two separate sites: Nordlicht 1 with a capacity of around 980 megawatts and Nordlicht 2 with around 630 megawatts.   Vattenfall is responsible for developing and constructing the Nordlicht sites and we intend to use our share of future electricity generation to supply customers in Germany with fossil-free electricity. BASF will use its 49% share of electricity to supply its chemical production sites in Europe, especially in Ludwigshafen.   Subject to the final investment decision, the wind farms are expected to be fully operational in 2028. #Vattenfall #fossilfree #windpower #offshore #nordlicht

Weather dependent energy in an era of extremes The transition towards a fossil-free energy sector will make energy production increasingly weather dependent. But what happens when climate change amplifies extreme weather? On this and much more in THE EDIT #12, about climate risk management. Who should read this newsletter? Share it with anyone who would like a monthly update on the road to fossil freedom. Special thanks to European Environment Agency, Julie Berckmans, Frans Timmermans, Darren McCauley and Annika Ramsköld #vattenfall #theedit #fossilfreedom #climatechange

Vattenfall IT is neurodiverse and inclusive Today is World Autism Day, an important opportunity to talk about autism and the positive contribution it brings to the world of work. Autism has, especially historically, been misunderstood, which the concept of neurodiversity is trying to challenge. The idea is that when we look at how human brains are wired objectively, we can see a great diversity of thinking and communication styles. Autism is one such style among many others, and autism itself is a spectrum. Vattenfall IT has been collaborating with Unicus AS since 2020 in order to give employment opportunities to people with autism, and with great results. In March 2024, Vattenfall received Unicus’ “Client of the Year 2023” award for the strategic engagement of Unicus consultants and as Unicus' biggest client in 2023. "We are very happy about this partnership with Unicus. It has proven to be a great way of recruiting talent that we otherwise might have missed. We have shown that with small adaptations to our way of working, the consultants from Unicus can be of great value to our organization. As I have said before, it’s a win-win situation," says Jens Z. Head of IT at Vattenfall. Read more by clicking the link below.  #Vattenfall #Neurodiversity #Diversity #Autism

How do we succeed with the energy transition? Our Annual and Sustainability Report for 2023 is now out with a special focus on offshore wind and new nuclear power – two key solutions.   Vattenfall is committed to building a future where everyone can choose fossil-free ways to move, make, and live. In 2023, we accelerated progress towards our goal - from the inauguration of the Hollandse Kust Zuid offshore wind farm to helping Bristol in the UK decarbonise through a citywide district heating network.   In 2024, we will continue to leverage our existing business and the opportunities the energy transition will give us.   https://lnkd.in/e8RB-czq   #sustainability #offshorewind #energytransition #fossilfreedom #vattenfall  #annualreport #sustainabilityreport

Vattenfall has today completed the sale of the Norfolk Offshore Wind Zone to RWE. The agreed purchase price corresponds to an enterprise value of £963 million. The deal ensures continued development of the Norfolk Zone which will produce clean power for over four million homes across the UK. Vattenfall will record a capital gain from the transaction, the exact amount to be communicated in the forthcoming interim report for January-March 2024. Vattenfall remains committed to the UK, with 1.1GW installed offshore and onshore wind capacity; the 798MW Muir Mhor floating offshore wind farm in development with our JV partner Fred Olsen Seawind, plus a pipeline of around 1.5GW of onshore wind projects; heat networks under construction in three major UK cities; and over 50 sites connected to the Independent Network Operator business. https://lnkd.in/gPE7Uysw #offshorewind

Do you want to learn more about what we at Vattenfall do to enhance biodiversity? Then take a look at our brand new updated biodiversity brochure, which aims to highlight Vattenfall’s commitment to preserving and protecting biological diversity in our operations. The brochure includes the latest information on the company's biodiversity initiatives, such as AI tracking fish at our Stornorrfors hydro plant. This initiative will help to analyze fish movement and species evolution, detect disease or invasive species, with the aim to promote healthy fish populations.    The updated brochure is available at https://bit.ly/3vrEEV3 #Vattenfall #biodiversity #fossilfreedom #environment

Vattenfall has appointed Rasmus Helveg Petersen as Head of Communications Denmark. Rasmus was the Danish minister for Climate and Energy, and a former chairman of the Climate Committee in the Danish Parliament. #vattenfall #fossilfreedom