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Verbund Plans an Investment for €600m in the U.S.

Energy › Energy Source ♦ Published: March 16, 2011; 02:06 ♦ (Vindobona)

A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.

Verbund Plans an Investment for €600m in the U.S. / Picture: © Verbund AG

The Energy group Verbund might make a major investment in the U.S. soon. There is interest in cooperation with the American enterprise "Better Place".  Exactly what form the cooperation could take, is not known precisely yet. The volume of the engagement is estimated at € 600m to € 800m.

The group wants to open up a new, future-oriented business. The topic of electric…

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