Research and Markets published Vattenfall AB SWOT analysis.
Vattenfall AB is a power company that has its headquarters in Stockholm, Sweden. Established in 1909, the company has gone on to expand itself to the point of generating EUR 15 billion in revenues last year alone. It now has significant presence in Germany, Poland, Netherlands, United Kingdom, Denmark, Finland, and Sweden, as well as businesses in 90 different countries around the world through its consulting company, Vattenfall Power Consultant. The basic fuels it utilizes in generation of power include fossil fuels, nuclear power, hydropower, wind power and biomass.
Vattenfall has been working on developing methods for capturing CO2 from large coal-fired power plants and storing it underground. The company acknowledges carbon dioxide as a greenhouse gas and has set a goal of reducing the carbon intensity of its operations by 50% by the year 2030. In southern Germany, Vattenfall has a project in progress aimed at developing technology for drying lignite prior to combustion. By burning pre-dried lignite, the plant’s operating efficiency can be increased and therefore save energy and reduce carbon dioxide emissions.
Estimations are that the technology will be ready for full-scale demonstrations within 10 years. It is planning to build an offshore wind farm off the island of Sylt in the North Sea, potentially providing half a million or more German households with electricity. The project is initially for some 576 MW but it can be further expanded. Construction is planned to start in 2014. Vattenfall is investing SEK 26 billion in wind power between 2011 and 2015.
Taiyou Research takes you through the Strengths, Weaknesses, Opportunities, and Threats of Vattenfall AB in its report Vattenfall AB – SWOT Analysis, a comprehensive SWOT profile of the company analyzed through its financial performance, market share, and industry standing.
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Offshore WIND staff, December 21, 2011; Image: vattenfall