Latest news with #MarkusKrebber
Bloomberg
21-05-2025
- Business
- Bloomberg
Powering AI: Energy Leaders on Meeting Rising Demand
Markus Krebber, CEO, RWE AG and Julian Nebreda, President & CEO, Fluence Energy discuss responding to the rising power demands of artificial intelligence and the future of sustainable energy with Bloomberg's Francine Lacqua at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
Yahoo
25-04-2025
- Business
- Yahoo
RWE has stopped offshore wind activities in United States
FRANKFURT (Reuters) -RWE has stopped its U.S. offshore wind activities for now in light of regulatory uncertainty under the administration of President Donald Trump, its CEO said in a speech manuscript published ahead of the utility's annual general meeting. "We remain cautious given the political developments. We have introduced higher requirements for future investments in the U.S.," Markus Krebber said in the speech for the AGM, which is scheduled to take place on April 30. Sign in to access your portfolio
Reuters
25-04-2025
- Business
- Reuters
RWE has stopped offshore wind activities in United States
FRANKFURT, April 25 (Reuters) - RWE ( opens new tab has stopped its U.S. offshore wind activities for now in light of regulatory uncertainty under the administration of President Donald Trump, its CEO said in a speech manuscript published ahead of the utility's annual general meeting. "We remain cautious given the political developments. We have introduced higher requirements for future investments in the U.S.," Markus Krebber said in the speech for the AGM, which is scheduled to take place on April 30. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here.
Yahoo
21-03-2025
- Business
- Yahoo
RWE AG (RWEOY) (Q4 2024) Earnings Call Highlights: Strong Financial Performance and Strategic ...
Adjusted EBITDA: EUR5.7 billion for 2024, exceeding the midpoint of guidance. Adjusted Earnings Per Share (EPS): EUR3.1, surpassing the guidance midpoint. Share Buyback Program: EUR1.5 billion until Q2 2026. Planned Investments (2025-2030): Reduced by 25% or EUR10 billion, now planning EUR35 billion net. CO2 Emission Reduction: 13% decrease in 2024 compared to the prior year. Dividend Increase: Targeting an increase by EUR0.10 to EUR1.2 per share for 2025. Offshore Wind EBITDA (2025): Expected range of EUR1.3 billion to EUR1.7 billion. Onshore Wind and Solar EBITDA (2025): Expected range of EUR1.65 billion to EUR2.15 billion. Flexible Generation EBITDA (2025): Expected range of EUR1 billion to EUR1.4 billion. Adjusted Operating Cash Flow (2024): EUR5.9 billion. Leverage Factor (End of 2024): 2.0, targeting closer to 3.0 times in 2025. Warning! GuruFocus has detected 6 Warning Sign with RWEOY. Release Date: March 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. RWE AG (RWEOY) delivered strong financial and operational performance in 2024, with adjusted EBITDA of EUR5.7 billion, exceeding the guidance midpoint. The company introduced a EUR1.5 billion share buyback program, demonstrating its commitment to returning capital to shareholders. RWE AG (RWEOY) achieved a 13% reduction in CO2 emissions in 2024, aligning with its decarbonization goals. The company has a robust pipeline with 12.5 gigawatts of capacity under construction, ensuring future growth. RWE AG (RWEOY) confirmed its long-term target of EUR4 adjusted earnings per share by 2030, indicating confidence in sustained growth. RWE AG (RWEOY) faces higher uncertainty in the investment environment, leading to a 25% reduction in its 2030 investment program. The company is cautious about additional investment commitments due to geopolitical tensions and energy policy uncertainties, particularly in the US. RWE AG (RWEOY) has increased its internal return requirements, which may limit future investment opportunities. The company expects 2025 to be an earnings trough as earnings in Flexible Generation and Trading normalize. RWE AG (RWEOY) has reduced planned net investments by EUR10 billion for the period 2025 to 2030, potentially impacting long-term growth. Q: Could you provide details on the potential RWE installations for the 20 gigawatts of CCGT the incoming German government is discussing? What sort of CapEx are we talking about, and how quickly could you begin construction? A: Markus Krebber, CEO: We are well-positioned to secure a significant portion of this capacity, given our current 20% market share in Germany. We have pre-contracts with suppliers and reserved turbine slots. However, we will only invest if we achieve very attractive returns, as competition is limited. Q: On the 2030 EPS target of EUR4 per share, how confident are you in achieving this despite the EUR8.5 billion reduction in incremental CapEx? A: Michael Mueller, CFO: We are confident due to our higher return expectations and the flexibility to balance between investments and share buybacks. This approach allows us to manage depreciation and financing costs effectively, ensuring we meet our EPS targets. Q: Regarding the EUR9 billion CapEx reduction, can you split this between gross CapEx reduction and farm downs/disposals? A: Markus Krebber, CEO: The reduction includes no expected US offshore investments and significantly lower hydrogen investments. We also anticipate less net offshore CapEx due to announced farm downs and a reluctance to take additional merchant risk in the current environment. Q: What is your view on the potential for locational pricing in the UK, and what could be the implications for your assets? A: Markus Krebber, CEO: We believe moving to zonal pricing now would create significant uncertainties and risk investments. Our CCGTs are located in the south, likely benefiting from higher prices, but we think the timing for such a change is not ideal. Q: Can you provide an update on the Amprion sales process and how the potential proceeds fit into your current plans? A: Markus Krebber, CEO: We are exploring options for Amprion, including partial sell-downs. Proceeds from any sale are not included in our current net CapEx plans, which would increase our flexibility for capital allocation decisions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
12-03-2025
- Business
- Yahoo
Germany: TotalEnergies and RWE Join Forces on Green Hydrogen to Decarbonize the Leuna Refinery
30,000 tons a year of green hydrogen supplied to TotalEnergies' Leuna refinery 300,000 tons a year of CO2 emissions prevented at the Leuna refinery The largest green hydrogen contract with an electrolyzer in Germany PARIS, March 12, 2025--(BUSINESS WIRE)--In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year of green hydrogen to the German Leuna refinery for fifteen years, beginning in 2030. The green hydrogen will be produced by a 300 MW electrolyzer, built and operated by RWE in Lingen. Green hydrogen storage will be provided locally. The green hydrogen will be delivered by a 600 km pipeline to the gates of the refinery and will prevent the site's emission of some 300,000 tons of CO2 beginning in 2030. This is the largest quantity of green hydrogen ever contracted from an electrolyzer in Germany. "We are looking forward to developing further our partnership with RWE, our partner in several offshore wind projects in Germany and the Netherlands. This long-term green contract for green hydrogen marks an important milestone to reducing our CO2 emissions at our Leuna refinery. It will be made possible thanks to the completion of the H2 backbone by German authorities and their efficient support to green H2 customers like our Leuna refinery," said Patrick Pouyanné, Chairman and CEO of TotalEnergies. "We are proud to have secured the first long-term offtake agreement for green hydrogen of this size with TotalEnergies in Germany. Six months after the investment decision for the construction of the 300-megawatt electrolysis plant in Lingen, we have acquired an important anchor customer in TotalEnergies. This shows that hydrogen works with the right incentives for customers," said Markus Krebber, Chief Executive Officer of RWE. TotalEnergies and the decarbonization of its European refineries TotalEnergies is committed to reducing the carbon footprint of producing, converting and supplying energy to its customers. One of the pathways identified by the Company is using low-carbon hydrogen to decarbonize its European refineries, a move that should help reduce its annual CO2 emissions by around three million tons by 2030. In order to fully decarbonize the hydrogen the Company uses in its European refineries, it has already contracted over 200,000 tons of various forms of green and renewable hydrogen a year for its sites at La Mède, Grandpuits and Normandy in France, in Leuna in Germany, for its northern European refineries and in Antwerp in Belgium and Zeeland in the Netherlands. *** About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). View source version on Contacts TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@ Sign in to access your portfolio
