RWE Dividend 2024

RWE AG ST O.N. is a company dedicated to the energy industry, specialized in the production, distribution and marketing of electricity, water and gas, both in Europe and North America through its subsidiaries, and is considered the second largest company in its sector in Germany.

Its beginnings are related to the founding of "W. Lahmeyer & Co." in 1886 by Wilhelm Lahmeyer, starting to operate power plants, later merging to become "Elektritäts-AG", opening branches in various countries, until in 1898 they inaugurated the Rheinisch-Westfälisches Electricity Works, core of RWE AG, achieving, that same year to transport electricity to remote areas with three-phase technology.

In 1905 they acquired shares in a variety of tramway companies as part of an expansion strategy, entering coal mining in 1922, and promoting hydroelectric energy two years later, managing in 1955 to put into operation three large power plants, seeking to innovate in various sectors such as electric cars, nuclear power plants, heating systems, wind turbines, also venturing into the oil business and satellite technology.

Its structure is divided into four corporate units, RWE Renewables GmbH to produce renewable energy, RWE Generation SE to supply electricity from hydropower plants, RWE Power AG to conduct power from nuclear power plants and lignite and RWE Supply & Trading GmbH to trade electricity.