Clean Energy of Tomorrow
Sustainable development
Learn moreCEZ follows a sustainable development strategy named “Energy for the Future”: the company supports energy efficiency, promotes new technologies, contributes to the prosperity of its neighborhood, takes full care of safety and creates an environment for employees’ professional growth.
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Learn moreThe EU's goal is to obtain at least 27 percent of its final energy consumption from renewable energies by 2030. CEZ would like to make its contribution within this Europe-wide process towards emission-free electricity generation.
- ČEZ Has Established a New Subsidiary, ČEZ Energy, to Oversee the Group’s Customer SegmentsEconomics and financial news
Following the decision of the General Meeting on June 1 of this year to optimize the ownership structure and management, ČEZ established a new subsidiary to oversee the customer segment. Its name is ČEZ Energy.
- ČEZ to construct the Czech Republic’s fourth large pumped storage hydropower plant
*The fourth large pumped storage hydropower plant in the CR will be built at Orlík *All four generating units will undergo modernisation, with two being converted to full two way pumped storage operation *The new pumped storage hydropower plant will store up to 750 MWh of energy, equivalent to the daily consumption of 80,000 Czech households *This unique solution will be efficient, economical and environmentally friendly, with completion scheduled for 2033 By 2033, the Czech Republic is set to have its fourth large pumped storage hydropower plant. Following Dlouhé stráně, Dalešice and Štěchovice, Orlík will join the locations capable of storing electricity in water. Comprehensive modernisation of the plant, giving two of Orlík’s four generating units the ability to operate in a fully reversible mode, will make this possible. Water will be pumped into the Orlík reservoir from the lower Kamýk dam, enabling single cycle storage of up to 750 MWh of energy, or the daily consumption of 80,000 Czech households. This type of conversion of an operating hydropower plant, as well as the replacement of two Kaplan turbines with reversible Francis units, will be world firsts.
- CEZ Group Earned CZK 14.5 billion in Q1 2026
Operating revenue reached CZK 85 billion, down by 9% year on year. Operating profit before depreciation and amortization (EBITDA) of CEZ Group was reported at CZK 35.3 billion for the first quarter, which represents a year-on-year drop of 18%, primarily due to lower realized prices of electricity generated. Net profit rose by 13 % to CZK 14.5 billion due to an end of the windfall tax, i.e. taxation of excess profits. Adjusted net profit reached CZK 13.5 billion, up by 6% year on year.
