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.
- CEZ Group completes the acquisition of Gas Distribution, a company operating the gas distribution network in Southern Bohemia and parts of the Vysočina Region
CEZ Group has completed the acquisition from E.ON of a 100% stake in Gas Distribution s.r.o., the operator of the gas distribution network in the South Bohemian Region and in parts of the Vysočina Region. Through its subsidiary GasNet, CEZ is thus expanding its gas distribution network and with the exception of Prague will now distribute gas throughout the Czech Republic. The gas distribution network plays a major role in the transformation of the Czech district heating business and its transition from coal-based energy to natural gas and subsequently to hydrogen.
- The definitive feasibility study is complete. It has confirmed that the lithium mining and processing project is feasible. The EIA will be submitted by the end of the year
The strategic lithium mining and processing project in Ústí nad Labem Region has advanced to the next phase. Geomet, the company responsible for the lithium park’s construction, has completed the definitive feasibility study (DFS) in cooperation with designers and experts. The definitive feasibility study is a comprehensive document several thousand pages long and provides answers to technical and economic questions regarding the construction of the mine and processing plant. The study confirmed that the mine in Cínovec and the processing plant in Prunéřov are feasible and did not identify any technological obstacles to their construction and operation. Geomet is currently continuing with the necessary permitting processes and will submit the EIA documentation to the Ministry of the Environment by the end of the year. Geomet will now present the completed study to its shareholders, who will decide on the implementation and financing of the project’s next stage. An investment of 42 billion CZK would be one of the largest in the history of the Czech Republic and the largest in the Ústí nad Labem Region.
