E.ON is a German based investor-owned energy company,and is one of the leading companies in Germany ever since its inception.
It was formed in the year 2000 by the merger of two German industrial groups VEBA and VIAG. It is the world’s largest privately owned energy company, and the company has headquarters in Dusseldorf, Germany and has 56,000+ employees worldwide.
The objective of the company is to shape the future and the strategies have been formed in order to steer the business in the direction of achieving the objective. The company’s strategy is “Empowering customers. Shaping markets”.
In response to the changing energy demands of the customers and also the global search for the alternative sources of energy the company is divided into two distinct and focus companies. The New E.ON company focuses on the new energy world and aims to add value to three core business areas of renewables, energy networks and customer solutions. The other company Uniper focuses on the conventional energy world and aims to become the company of choice for the conventional energy world by focussing on conventional power generation, gas supply and global energy markets.
The operations of the E.ON company are segmented into two – global units and the regional units. Four of the global units include Generation, Renewables, Global Commodities and Exploration and Production. The Generation global unit includes conventional energy generation assets in Europe. Renewables drive the growth through renewable energy sources in Europe and across the globe. Global commodities units buys and sells electricity, natural gas, oil, coal, freight and carbon allowances. Exploration and Production look for new energy sources in regions of U.K. and Norwegian North Sea and Russia. The Regional unit operates from ten regions – Germany, the United Kingdom, Sweden, Italy, France, Benelux, Hungary, the Czech Republic, Slovakia and Romania. These units manage the business of the company in Europe.