Eon energy strategic energy storage

Who is Eon energy?

E.ON Energy is one of the UK’s largest energy suppliers, as well as being a power and gas company in the world that gives back to society through its carbon-reduction initiatives.

How much will Eon invest in energy infrastructure?

Announced alongside the Group’s full-year results, E.ON plans to boost its four-year investment plan from €33 billion ($36 billion) to €42 billion ($46 billion), focusing on energy networks and energy infrastructure solutions.

Where is Eon headquartered?

E.ON corporate headquarters in Essen, Germany. Image courtesy E.ON German network operator E.ON is planning a €9 billion ($9.8 billion) increase to its 2024-2028 investment plan, citing the need for continued grid expansion to connect an increasing number of renewable energy facilities.

How much will Eon invest in e-mobility?

Approximately €5 billion ($5.5 billion) will be devoted to energy infrastructure solutions, E.ON’s growth business which provides solutions for industries, cities, and municipalities. Other areas for investment include digitalisation projects, the rollout of smart meters and intelligent e-mobility charging solutions.

Why did Eon invest in 2023?

In 2023, E.ON added more than half a million new connections to its distribution networks. Alongside higher investments, the recovery of the energy market environment had a positive impact on the network business. This led to a significant reduction in costs for redispatch in Germany.

How much money will Eon invest in Germany?

More than €25 billion ($27.3 billion) – 70% – of network investments will be made in Germany. Approximately €5 billion ($5.5 billion) will be devoted to energy infrastructure solutions, E.ON’s growth business which provides solutions for industries, cities, and municipalities.