Stadtwerke München (SWM)

Stadtwerke München GmbH (SWM) is the municipal utility of the City of Munich and is wholly owned by the municipality. As one of Europe’s largest public utilities, it provides core infrastructure services for Munich and the surrounding region, including electricity, natural gas, district heating and cooling, drinking water, telecommunications, public transport and public swimming pools. In 2024 SWM generated revenue of about €6.9 billion and employed 11,604 people. Its business is organised along the energy value chain into Sales, Trade, Generation and Networks, and extends to dedicated segments for Water, Mobility, Telecommunications and Public Pools. SWM supplies electricity to more than 95% of Munich’s households and operates twelve hydroelectric power plants, additional renewable generation assets and three cogeneration plants that supply both power and heat. It runs an extensive district heating network of around 800 km and aims to supply Munich’s district heating entirely from renewable energy by 2040, with major investment in geothermal projects including large inner‑city plants and the “Seismik GIGA-M” exploration initiative. Since 2008 SWM has pursued a €9 billion renewable expansion programme targeting green electricity production equivalent to Munich’s entire consumption, with stakes in offshore wind projects such as Global Tech I, Gwynt y Môr, DanTysk and Sandbank. Through subsidiary MVG it operates Munich’s U‑Bahn, tram, bus and bike systems, and via its stake in M-net it supports fibre‑optic roll‑out in Munich and wider Bavaria. Environmental protection and resource efficiency are embedded in SWM’s corporate purpose and lobbying agenda, which focuses on EU energy and climate packages and clean mobility. SWM is active in European and German industry associations, operates 18 indoor and outdoor pools, and supports social and educational initiatives through the SWM Education Foundation and the Stadtwerke Project. Its strategy combines secure, affordable basic services with long‑term investment in decarbonisation, digitalisation of operations and regional energy transition.