As one of the largest electric utility providers in Europe and around the globe, E.ON has already built an impressive reputation in a short amount of time.
E.ON Company History
Officially, E.ON didn’t become a company until 2000 as a result of a merger between two energy companies. The derivation of the name came from the Greek word aeon which describes an age or a period in history.
Two years later, the company made inroads into the United Kingdom by acquiring Powergen. The Powergen company, which had been on the London Stock Exchange and was a part of the FTSE 100 Index eventually became known as E.ON UK.
E.ON Customer Focused Expansion
E.ON has continued to expand its reach by adding companies in Sweden and Russia. It also inherited LG&E Energy, which was based out of Louisville, Kentucky in the U.S.
Though it is as many as 30 countries, E.ON is heavily into the German market and is a force in the Czech Republic as well. It continues to build itself as an energy company in UK circles by offering innovative energy-based solutions to their customers.
E.ON’s Three Divisions
As a whole, E.ON is organized into three major branches: Energy Networks, Renewables, and Customer Solutions. It is attempting to abstain from fossil fuels, which they first announced back in 2014, and is attempting to set up a new company for its nuclear and fossil-based businesses. The company owns as many as 12 different innovation centers around the world.
Now as an Energy company in UK circles, E.ON UK is more of a retail business instead of being an strictly integrated utility company like it was during its Powergen days. Since 2002, E.ON UK bought Midlands Electricity and it eventually was rebranded as Central Networks. The company’s UK headquarters are in the Westwood Business Park in Coventry.
E.ON’s Climate Change Strategy
As a whole entity, E.ON has spent years building itself up in the wind energy field. They own many wind farm projects such as E.ON UK owning 30 percent of the London Array project.
In terms of future thinking, E.ON is looking to develop an overall European energy and climate strategy by 2030. E.ON has participated in a number of partnerships and been involved in many start-up projected geared toward this goal. Their main goal deals with sustainability and how energy can remain bountiful over the next few generations in Europe and the United Kingdom.
As a business, E.ON has provided numerous of sponsorship in sporting events and as an arts benefactor.
However, the company remains a utility force across Europe and in the United Kingdom. In the UK, E.ON focuses on Business Services and Corporate Affairs as well as providing energy solutions to its customers. The UK version of E.ON has further branched off into information technology, oil and gas exploration in the North Sea, engineering, renewables and climate control.