VERBUND AG produces and distributes electricity. It operates through the Renewable Energy, Sales, Grid, and All Other segments. The Renewable Energy segment consists of hydropower and wind generation technologies. The Sales segment combines all of the company's trading and sales activities. The Grid segment includes the operations of Austrian Power Grid AG, VERBUND's independent grid subsidiary which operates the supraregional electricity transmission network in Austria. The All Other segment comprises of energy services, thermal generation, services and equity interests. The company was founded in 1947 and is headquartered in Vienna, Austria.