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Vattenfall is one of Europe’s largest generators of electricity and one of the largest producers of heat. The company's main markets are the Nordic countries, Germany and the Netherlands. The Group has approximately 20,000 employees. The Parent Company, Vattenfall AB, is 100%-owned by the Swedish state, and its headquarters are in Solna, Stockholm, Sweden.
Vattenfall produces electricity from many types of energy sources, including hydro, nuclear, wind, solar, biomass, waste, coal and natural gas. They are actively phasing out fossil-based production and investing in a greater share of renewable generation.
A participant in the CemZero project for electrifying cement production.
Vattenfall is a major owner of nuclear power in Northern Europe with experience of nuclear operations, decommissioning and the management of radioactive waste and spent nuclear fuel. Vattenfall owns ten nuclear reactors, six of which are in commercial operation. Seven reactors are located in Sweden (four at Ringhals, three at Forsmark), and three in Germany (Brunsbüttel, Krümmel and a minority stake in Brokdorf).
The German government has decided to phase out nuclear power and Vattenfall's nuclear assets in Germany will be wound down in accordance with this decision.
In 2015, Vattenfall decided to close the two oldest reactors at the nuclear power plant Ringhals – Ringhals 2 in 2019 and Ringhals 1 in 2020. Over a period of ten years, Vattenfall has invested in extensive modernization programs so that Ringhals 3 and 4 and Forsmark 1, 2 and 3 are well prepared to operate for decades ahead.
In 2018, nuclear generation represented 42% of Sweden’s electricity production. Vattenfall's Ringhals and Forsmark nuclear reactors produced 55.2 TWh of Vattenfall's total electricity generation at 130.3 TWh.
