E.ON

E.ON SE is a European multinational electric utility headquartered in Essen, Germany, focused on energy distribution networks, infrastructure solutions and energy retail. Following the separation of its conventional generation and energy trading activities into Uniper and a later asset swap with RWE, E.ON operates primarily as a grid and customer-solutions business organised into Energy Networks, Energy Retail and Energy Infrastructure Solutions. It runs extensive electricity and gas distribution networks across Germany and other European markets, where it invests heavily in modernization, digitalisation and new grid connections. According to its 2022 annual report it employed around 69,000 people, and GlobalData reports 76,566 employees and 2024 revenue of $86.7 billion. E.ON serves more than 50 million customers in over 30 countries, with key markets in Germany, the United Kingdom, Sweden, the Netherlands and Central and Eastern Europe. Its retail operations provide electricity and gas supply, green power and gas tariffs, smart meters and decentralised solutions such as heat pumps, district heating and cooling, on-site power generation and energy efficiency services for residential, commercial and industrial customers. In the UK, E.ON UK and its E.ON Next brand supply power and gas to residential, SME and larger business customers and operate onshore and offshore wind farms, biomass and combined heat and power plants, while also offering solar panels, EV home chargers and heat pumps. Subsidiaries such as Essent in the Netherlands and E.ON Connecting Energies extend its activities into integrated sustainable energy solutions and virtual power plant services. Strategically, E.ON positions itself as a driver of Europe’s energy transition, targeting decarbonisation and electrification through large-scale network investment and sustainable customer solutions. It plans to invest €43 billion between 2024 and 2028, €35 billion of which is earmarked for energy networks, and in 2025 reaffirmed guidance for adjusted EBITDA of €9.6–9.8 billion and investments of about €8.6 billion. The company issues green bonds under a dedicated Green Financing Framework, expands smart metering and battery storage infrastructure, and develops cross-border and urban district heating projects. In the UK it supplies fixed-tariff customers with electricity backed by renewable sources and offers tariffs and technologies that support electric vehicle charging and energy efficiency, aligning its retail offerings with broader decarbonisation goals.