Lausanne – Alpiq has sharpened its corporate strategy designed to fast-track its growth and strengthen its role in the European energy transition. The company is significantly increasing its investments in flexible infrastructure, including battery storage and pumped hydro, to meet rising demand for reliable, low-emission and affordable electricity. Organisational changes will streamline operations and enhance customer focus as Alpiq expands in key markets. The transformation positions Alpiq for sustainable success in a dynamic energy landscape.
For over a century, Alpiq has stood for flexible, low-emission energy – with Swiss hydropower at its core. The Grande Dixence dam in Valais has been a symbol of Swiss engineering prowess and sustainable energy supply since 1961. Today, Alpiq operates one of the most flexible portfolios in Europe, comprising pumped-hydro assets, complemented by modern gas-fired power plants and advanced battery energy storage systems (BESS), actively driving the integration of renewables.
Flexibility: a cornerstone of Alpiq’s growth
The evolving European energy landscape is creating new challenges and opportunities for customers who require secure, reliable and affordable electricity. As wind and solar generation continue to expand, customers are increasingly seeking solutions that ensure supply stability and manage the inherent variability of renewable production. To support its customers even more effectively, the company is scaling up by expanding its presence in core markets and exploring new opportunities in Western Europe, with a particular focus on structured energy products, innovative flexibility offerings such as BESS and demand-side solutions, as well as power purchase agreements (PPAs) and customer platforms for flexibility and intraday access. Just recently, Alpiq signed its first tolling agreements to bring third party BESS projects to market. All these capabilities help customers maintain operational continuity and optimise energy costs, even during periods of market volatility.
On the asset side, Alpiq is responding to these needs by investing in its already flexible asset base and expanding its portfolio of advanced BESS, pumped-hydro, tailored flexibility solutions. Alpiq is accelerating BESS growth, targeting several gigawatts of added operational capacity and expanding across key European markets. The company is also investing in flexible pumped-hydro power to provide reliable, low-emission energy and enhance grid stability. In parallel, Alpiq is modernising its existing hydropower and gas-fired power plants. Trading remains central to its business model, efficiently connecting energy assets with customers to maximise portfolio value.
Financial strength enabling growth
Alpiq stands on a strong and stable financial foundation, ensuring resilience and reliability in a dynamic energy market. Its strategy directly addresses today’s needs, as CEO Antje Kanngiesser explains: “We are investing specifically in our own flexible assets and innovative customer solutions, supported by excellent risk management and deep market expertise from trading. The successful implementation of recent years shows that flexibility is a powerful catalyst for the energy transition.”
This financial strength enables Alpiq to invest in innovative solutions, expand renewable generation and develop flexible power and storage assets to secure its future. The company’s robust capital structure and prudent risk management enable it to navigate market volatility while maintaining long-term security of supply. “This stability gives us the flexibility we need to achieve sustainable growth even in a dynamic market environment,” says Antje Kanngiesser.
Realignment and organisational transformation
To meet growing demand and achieve its strategic goal of being a leading provider of flexible energy solutions, Alpiq is embarking on an organisational transformation. As part of the strategy implementation, the company will change its divisional structure from “Switzerland, Trading and International” to “Assets, Trading and Energy Solutions”, aligning with the value chain and reporting framework as of 1 January 2026. This shift will ensure clearer accountability, streamlined processes and stronger cross-functional collaboration, further supporting customer-centricity and strengthening value creation.
The transformation was carried out in close consultation with Work Councils, where applicable, across all affected countries, in full compliance with local requirements. Alpiq plans to close in Switzerland between 40 and 45 positions over the next 12 to 24 months. Outside Switzerland, the company is in the process of clarifying the plans. More than 100 new roles within Alpiq Group will be created to meet future business needs and support expansion in projects and the Energy Solutions business, whereof over 50 in Switzerland. This step reflects Alpiq’s commitment to positioning the company for long-term success in a rapidly evolving energy market.
You can find more information on Alpiq at www.alpiq.com