German group E.ON, Europe’s largest energy network operator, has unveiled a new investment plan worth €48 billion for the 2026–2030 period, according to Economedia. The goal is to modernize and expand energy infrastructure amid rising demand driven by the growth of data centers and artificial intelligence projects.
The decision comes as grid operators face mounting pressure to integrate renewable energy, storage capacity, and increasing electricity demand.
Larger and more complex networks
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“The energy system is becoming larger, more decentralized, and more complex, and we are ensuring that it remains secure, affordable, and resilient for our customers,” said Leonhard Birnbaum, the company’s CEO.
The new plan follows a previous €43 billion investment program for 2024–2028 and underscores E.ON’s strategy to strengthen its regulated grid business to expand its asset base and profitability.
Amid the AI boom, utility stocks have experienced strong gains. E.ON shares have risen more than 16% this year on the Frankfurt Stock Exchange.
The company also recommended increasing the 2025 dividend by 4%, to €0.57 per share, in line with analyst forecasts. For 2025, E.ON expects a profit between €9.4 and €9.6 billion, down from €9.8 billion last year. Analysts project approximately €9.5 billion in profit for 2026.
The investments aim to adapt infrastructure to a rapidly expanding digital economy, where data centers and AI technologies are becoming major electricity consumers.
Photo: e-nergia.ro
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