Operating segment Power Generation

The Power Generation operating segment comprises the Generation and Markets business areas.

The Forsmark nuclear power plant in Sweden.

Business Area Markets maximises the value of Vattenfall’s portfolio by optimising and dispatching, trading, hedging and sourcing for Vattenfall, third-party assets, and sales positions. Vattenfall’s total installed hydro power capacity of 8,800 MW generated 34.7 TWh (36.1) of electricity. Business Area Generation produced a total of 72.6 TWh (73.5) of electricity in 2024 in our hydro power plants across the Nordics and in Germany, and our nuclear power plants in Sweden. At year-end, Vattenfall’s Nordic reservoir levels were at 82 per cent (56 per cent), which is 25 per centage points above normal. The combined installed capacity of nuclear power was 5,500 MW and generation totalled to 37.9 TWh (37.4).

Business Area Markets maximises the value of Vattenfall's portfolio by optimising and dispatching, hedging, and sourcing for Vattenfall's assets, third-party assets, and sales positions.

Strategy and targets

Vattenfall aims to be a world leader in nuclear and hydro power operations with high safety, sustainability, and cost-efficient fossil-free electricity production. Safe decommissioning of closed nuclear reactors is also a key responsibility. Business Area Markets strives to increase process automation leveraging AI on secure and robust IT platforms. It drives decarbonisation by expanding fossil-free offerings, including biomethane, fossil-free power, and green hydrogen. To capture value from flexibility in for example our hydro power plants, and leverage our trading potential are key for robust and diversified revenue streams.

Key data

^{1. Operating profit excluding items affecting comparability.}