Vattenfall
Swedish multinational power company owned by the Government of Sweden
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May 2025 | Vattenfall launches a pioneering Vehicle to Grid (V2G) and Vehicle to Home (V2H) pilot project in Sweden, collaborating with Energy Bank and Ambibox. The initiative involves 200 Volkswagen electric vehicles equipped with bidirectional charging technology to optimize energy storage and grid integration, exploring sustainable energy solutions. |
March 2021 | The German government agreed to a settlement, paying Vattenfall €1.425 billion as part of a broader compensation package for utility companies affected by the nuclear power phase-out. |
November 1 2020 | Anna Borg succeeded Magnus Hall as President and CEO of Vattenfall. |
October 2020 | Announcement made that Gunnar Groebler, senior vice president responsible for wind power operations, would leave Vattenfall to join Salzgitter AG. |
July 2020 | Magnus Hall decided to leave the company. |
November 2019 | Announced consideration of withdrawing from the British retail energy market due to unfavourable market conditions, including strong competition and government-imposed price controls. |
June 2017 | Entered the British retail energy market, establishing a presence in the United Kingdom's energy sector. |
October 2016 | Vattenfall initiated litigation against the German government at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in Washington, D.C., claiming €4.7 billion in damages for the 2011 accelerated nuclear power phase-out. |
January 2016 | Vattenfall announced that its Swedish nuclear power plants were operating at a loss due to low electricity prices and Sweden's nuclear output tax, warning of potential serious consequences to Sweden's electricity supply if forced to shut down. |
October 2014 | Magnus Hall became President and CEO of Vattenfall. |
January 2014 | Vattenfall agreed to sell its electricity and district-heat grids in Hamburg to the City of Hamburg following a local referendum. |
June 2013 | Vattenfall announced a write-down of its assets by 29.7 billion SEK, with a major part attributed to Nuon Energy NV. |
2011 | German nuclear power phase-out decision was made, significantly impacting Vattenfall's power generation strategy. |
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