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VERBUND in landmark project to run gas plant on hydrogen

Utility VERBUND is building a pilot project at Austria's biggest power station to research the possibility of using hydrogen as a replacement for natural gas to run the plant's gas turbines.

Positive results for Verbund but more job cuts on the way

Verbund has raised its outlook for the year based on cost savings and favourable developments in the electricity business but said it planned to cut costs further and scale back dividend payments.

Austria’s Verbund posts disappointing results

Austrian hydropower producer Verbund has posted full-year earnings below analysts' estimates due to low power prices and reduced water supply at its hydropower plants.

Verbund confirms closure of 1.2 GW of gas-fired capacity

There was more evidence of the unprofitability of gas-fired power plants in Europe on Wednesday, when Austrian state-owned utility Verbund announced it would close a combined output capacity of 1.2 GW.

Verbund looks to offload 1600 MW of gas-fired power plants

Verbund is seeking to sell much of its gas-fired power fleet in Austria and France, citing persistent unprofitable conditions.

Verbund postpones decision on gas-fired power portfolio

Austrian energy group, Verbund, has bought out its junior partner in Verbund Thermal Europe, as it attempts to decide on the fate of the Mellach gas-fired power plant.

Verbund CEO: Action needed to boost gas-fired power

The head of Austria's biggest utility says Europe needs to use a carbon floor price to boost gas-fired power plant profits.

S&P lowers Austria’s Verbund credit ratings

Standard & Poor's Ratings Services said Friday it lowered its long-term corporate credit ratings on Austria-based electricity generation utility Verbundgesellschaft (Verbund) to single-'A' from single-'A'-plus.

Verbund abandons E.ON link for Austrian alliance

Austrian state-owned energy company Verbund has bowed to political pressure and abandoned a planned joint hydropower venture with German energy giant E.ON - instead working with an alliance of five Austrian utilities.

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