Utilities

“Pacific Gas and Electric Company (“PG&E”) is the primary public utility company providing electrical and gas service to residential and commercial customers in northern California, including the San Francisco Bay Area. Most of our properties located in our San Francisco Bay Area market depend on PG&E for the delivery of these essential services.”

Annual report 2025A · The company itself

“Future shutoffs of power may impact the reliability of access to a stable power supply at our properties and, in turn, adversely impact our tenants’ businesses. In addition, there is no guarantee that PG&E’s safety measures mandated by regulators will be timely and sufficient to prevent future catastrophic wildfires. Similarly, we rely on a limited number of vendors that provide utilities services to our properties in other regions. There is no guarantee that similar events of bankruptcy or distress would not cause unanticipated disruptions in service to any of our properties in affected areas.”

Annual report 2025A · The company itself

“Legislative or regulatory changes that enable large load growth customers, including data centers, to own or procure on-site generation or to self-supply through sources behind-the-meter or behind-the-meter arrangements could materially reduce retail sales, shift cost recovery to remaining customers, and impact our ability to earn authorized rates of return.”

Annual report 2025A · The company itself

“If MISO energy market prices result in unfavorable pricing for wind or solar energy, this may reduce the energy market revenue produced by those facilities and result in higher electricity costs that would need to be recovered from customers.”

Annual report 2025A · The company itself

“The Company’s operating costs and the selling prices of certain finished products are sensitive to changes in energy prices, inflationary pressures, and certain logistic constraints.”

Annual report 2025A · The company itself

“For example, the Company’s results of operations were impacted by changes in and uncertainty relating to global trade and tariffs in 2025, and the resulting trade flow disruptions, such as U.S. soybean trade with China, as well as the deferral of U.S. biofuel policy with respect to renewable volume obligations (RVO), and the resulting uncertainty which impacted demand for soybean oil and other feedstocks.”

Annual report 2025A · The company itself

“Ag Services and Oilseeds The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, as well as the crushing and processing of oilseeds, including soybeans and soft seeds such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed. The segment produces and markets vegetable oils and oilseed protein meals used by food, feed, energy, and industrial customers.”

Annual report 2025A · The company itself

“We have risks associated with aging infrastructure assets, including the failure of equipment or processes and potential breakdowns due to such aging. These risks have in the past and may continue to be driven by threats such as, but not limited to, electrical faults, mechanical failure, internal and external corrosion, ground movement and stress corrosion and/or cracking. The age of certain of our assets, including each of Indiana Electric’s coal generating facilities, which were constructed in 1973 and 1966, respectively, have in the past resulted and may continue to result in a need for replacement, higher level of maintenance costs, reduced generation output and unscheduled outages because of, among other things, our risk-based federal and state compliant integrity management programs.”

Annual report 2025A · The company itself

“With the IURC’s approval, Indiana Electric is a member of the MISO, a FERC-approved regional transmission organization. The MISO serves the electrical transmission needs of much of the Midcontinent region and maintains operational control over Indiana Electric’s electric transmission and generation facilities as well as those of other utilities in the region.”

Annual report 2025A · The company itself

“CenterPoint Energy’s operating subsidiaries own and operate electric transmission, distribution and generation facilities and natural gas distribution systems. As of December 31, 2025, CenterPoint Energy’s indirect, wholly-owned operating subsidiaries included: •Houston Electric, which provides electric transmission service to transmission service customers in the ERCOT region and distribution service to REPs serving the Texas Gulf Coast area that includes the city of Houston. •CERC Corp., which (i) directly owns and operates natural gas distribution systems in Minnesota and Texas, (ii) indirectly, through Indiana Gas and CEOH, owns and operates natural gas distribution systems in Indiana and Ohio, respectively, and (iii) owns and operates permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP; and •SIGECO, which provides energy delivery services to electric and natural gas customers located in and near Evansville in southwestern Indiana and owns and operates electric generation assets to serve its electric customers and optimizes those assets in the wholesale power market.”

Annual report 2025A · The company itself

“Houston Electric’s distribution rates charged to REPs for residential and small commercial customers are primarily based on amounts of energy delivered, whereas distribution rates for a majority of large commercial and industrial customers are primarily based on peak demand.”

Annual report 2025A · The company itself

“A significant portion of Houston Electric’s billed receivables from REPs are due from affiliates of NRG and Vistra Energy Corp. Houston Electric’s aggregate billed receivables balance from REPs as of December 31, 2025 was $279 million. Approximately 37% and 23% of this amount was owed by affiliates of NRG and Vistra Energy Corp., respectively.”

Annual report 2025A · The company itself

“New growth opportunities include power generation and marine shipping, which are hard-to-abate industries for which low-carbon ammonia offers a potential path to significantly lower carbon footprints as it does not contain or emit carbon when combusted.”

Annual report 2025A · The company itself

“In 2025, our expectation that there is developing demand for low-carbon ammonia for new applications of our products was confirmed through our joint venture partners, JERA and Mitsui. They have committed low-carbon ammonia volumes from the Blue Point joint venture for power generation and steel production, among other uses, which represent new applications for our products.”

Annual report 2025A · The company itself

“In addition, our low-carbon products are expected to be used for existing and new applications, such as power generation and steel production in Japan, and to help customers reduce the economic impact of European regulations on the price of carbon.”

Annual report 2025A · The company itself

“In February 2025, the NJBPU certified the results of its annual basic generation service auctions through which New Jersey’s four EDCs – including JCP&L – satisfy their generation supply requirements for BGS customers for the period beginning June 1, 2025 through May 31, 2026. The certified results resulted in significant rate increases for New Jersey EDC customers and, by 145 order dated April 23, 2025, the NJBPU directed the four EDCs to submit proposals to mitigate the impact of the rate increases that affected residential customers beginning June 1, 2025.”

Annual report 2025A · The company itself

“OHIO Until the rates approved in the 2024 base rate case go into effect, the Ohio Companies will continue to operate under PUCO-approved base distribution rates that became effective in 2009. The Ohio Companies operated under ESP IV through May 31, 2024, which provided for the supply of power to non-shopping customers at a market-based price set through an auction process.”

Annual report 2025A · The company itself

“The Electric Companies distribute electricity through FirstEnergy’s utility operating companies and also control 3,610 MWs of regulated electric generation capacity located primarily in West Virginia and Virginia. Each of the Electric Companies earns revenue from state-regulated rate tariffs under which it provides distribution services to residential, commercial and industrial customers in its service territory.”

Annual report 2025A · The company itself

“NEW JERSEY JCP&L operates under NJBPU approved rates that took effect as of February 15, 2024, and became effective for customers as of June 1, 2024. JCP&L provides BGS for retail customers who do not choose a third-party EGS and for customers of third-party EGSs that fail to provide the contracted service.”

Annual report 2025A · The company itself

“With respect to their wholesale services and rates, the Electric Companies, AE Supply and the Transmission Companies are subject to regulation by FERC. FERC regulations require JCP&L, MP, PE and the Transmission Companies to provide open access transmission service at FERC-approved rates, terms and conditions.”

Annual report 2025A · The company itself

“Kehitystä vauhdittavat erityisesti energiasiirtymä, turvallisuuspoliittiset tarpeet sekä historiallisen suuri liikenneinfrastruktuurin rahoituskehys. Energiasektori on markkinan suurin osa-alue, ja sen investointitaso nousee edelleen vuonna 2026.”

Annual report 2025A · The company itself

“Vuonna 2025 GRK käynnisti Power liiketoiminnan, joka keskittyy pääosin sähkön siirtoverkkojen (110/400kV) ja sähköasemien rakentamiseen sekä uusiutuvan energian rakentamiseen.”

Annual report 2025A · The company itself

“Även för Harsh Environment är marknaden stark med god efterfrågan inom framför allt energisektorn.”

Annual report 2024A · The company itself

“Det efterfrågas också alltmer avancerade kablar för utmanande miljöer, till exempel till havs.”

Annual report 2024A · The company itself

“Våra kunder är främst installationsföretag och nätägare, och vårt mål är att minska den totala ägandekostnaden för nätverksägare och öka installationsföretagens konkurrenskraft.”

Annual report 2024A · The company itself

“Harsh Environment verkar på marknaden för avancerade undervattenskablar och konnektivitetslösningar, som primärt används inom energisektorn, försvar och industri.”

Annual report 2024A · The company itself

“Såväl orderingång som försäljning påverkades positivt av god utveckling för bolag med kunder inom medicinteknik och läkemedel, processindustrin och energisegmentet.”

Annual report 2024A · The company itself

“De långsiktiga behoven är stora i många av våra branscher, exempelvis inom medicinteknik och läkemedel, infrastruktur och energisektorn.”

Annual report 2024A · The company itself

“Omsättningsutvecklingen var positiv för bolag i Skandinavien med kunder inom energisegmentet och processindustrin.”

Annual report 2024A · The company itself

“Omsättningsutvecklingen påverkades negativt av det allmänt svagare konjunkturläget, men var positiv för bland annat bolag med kunder inom energisegmentet.”

Annual report 2024A · The company itself

“PROCESS, ENERGY & WATER PG Flowteknik är ett specialiserat teknikhandelsbolag som erbjuder en diversifierad portfölj av högkvalitativa, innovativa och avancerade komponenter för instrumentering och processtyrning främst till processoch läkemedelsindustrin samt energisektorn. Produkterbjudandet omfattar kopplingar, ventiler, filter för vätskor och gas samt andra tekniska komponenter för flödesreglering, som säljs primärt till kunder i Danmark.”

Annual report 2024A · The company itself

“Kundbasen består huvudsakligen av sjukhus, universitet, forskningsinstitut, kemiska laboratorier och energibolag.”

Annual report 2024A · The company itself

“Kunderna återfinns inom flera olika branscher och är verksamma inom segment som allmän verkstadsindustri, VA, medicinteknik och energi.”

Annual report 2024A · The company itself

“Bolagen säljer främst flödestekniska produkter som ventiler, rör och rörsystem och pumpar samt mätteknik och industriell utrustning till kunder inom energisektorn, VA/VVS och processindustrin.”

Annual report 2024A · The company itself

“Det gäller bland annat störningar i leverans- och logistikkedjor och ökad volatilitet på energimarknaden, tillsammans med en högre inflationstakt och stigande räntor.”

Annual report 2024A · The company itself

“Novoteks största leverantör är GE Vernova och samarbetet sträcker sig mer än 20 år tillbaka i tiden . Nuvarande avtal gällande mjukvara täcker en treårsperiod och sträcker sig fram till 2027 .”

Annual report 2024A · The company itself

“Andelen i ROB-EX A/S avyttrades till Novoteks största partner GE Vernova i fjärde kvartalet. Novotek delar GEs syn att ROB-EX kan utvecklas snabbare och bättre mot ett globalt erbjudande som en integrerad del i GE:s produktportfölj. Novotek kommer att fortsätta distribuera ROB-EX i alla marknader som Novotek finns i förutom Danmark.”

Annual report 2024A · The company itself

“Operations at the Utility’s two nuclear generation units at DCPP could cease before their planned retirement dates in 2029 and 2030 as a result of new legislation, regulations, orders, or their interpretation, or as a result of operational costs. In such an instance, the Utility would not receive the payments for extended operations at DCPP and could be required to record a charge for the remaining amount of its unrecovered investment.”

Annual report 2025A · The company itself

“Vi ser en fortsatt stark efterfrågan inom våra tillväxtområden – energi, elektrifiering, försvar, inbyggda system och cybersäkerhet.”

Annual report 2024A · The company itself

“Vi har vidtagit åtgärder för att stärka våra marginaler genom att anpassa organisationen till efterfrågan. Samtidigt har vi växt inom expansiva områden som energi och försvar där behovet av teknisk expertis varit särskilt stort.”

Annual report 2024A · The company itself

“Verkstad Life Science Produkter & enheter Försvar Energi Fordon & transport Stål & Mineral Telekom Verkstadsindustrin förändras genom satsningar på kompetens och investeringar läkemedelsbranschen.”

Annual report 2024A · The company itself

“Den största leverantörs kategorin är teleoperatörerna.”

Annual report 2024A · The company itself

“Sinch har cirka 75 000 kunder i Nord- och Latinamerika och de består av allt från småföretag som använder Sinchs applikationer till stora företag inom tekniksektorn som förlitar sig på Sinchs APIprodukter, samt stora mobiloperatörer som använder våra tjänster för sammankoppling av röstsamtal.”

Annual report 2024A · The company itself

“Produkter för Nätverksaccess riktar sig till telekomoperatörer och grossistköpare av rösttjänster. Portföljen innehåller främst tjänster för sammankoppling av röst- och meddelandetjänster samt programvara och tjänster för operatörer.”

Annual report 2024A · The company itself

“Sweco fortsatte att stärka orderboken inom den gröna omställningen med god efterfrågan på tjänster inom segmenten energi, vatten, miljö, infrastruktur.”

Annual report 2024A · The company itself

“Vi drivs av vårt syfte att genom integrerade konsulttjänster inom arkitektur, teknik och miljö skapa framtidens hållbara städer och samhällen tillsammans med våra kunder.”

Annual report 2024A · The company itself

“TYP AV VAROR OCH TJÄNSTER Sweco är ett konsultbolag som erbjuder professionella teknik- och designtjänster inom tre områden: Byggnader och stadsdelar, Vatten, energi och industri samt Transportinfrastruktur.”

Annual report 2024A · The company itself

“Uppdragen utförs inom tjänstesegmenten: Byggnader och stadsdelar; Vatten, energi och industri; samt Transportinfrastruktur.”

Annual report 2024A · The company itself

“De flesta affärsområden upplevde goda marknadsförhållanden för Swecos tjänster inom segmenten infrastruktur, vatten, miljö och energi.”

Annual report 2024A · The company itself

“However, in each case, we nonetheless participate directly in the financial performance of the communities’ operations and are ultimately responsible for all operational risks and other liabilities of such properties, other than those arising out of certain actions by our managers, such as gross negligence, fraud or willful misconduct. These risks include, and our financial performance is impacted by, among other things, fluctuations in occupancy levels, the inability to charge desirable resident fees (including anticipated increases in those fees), increases in the cost of food, supplies, energy, labor (as a result of labor shortages, unionization, inflation or otherwise) or other services, rent control regulations, national and regional economic conditions, the imposition of new or increased taxes, capital expenditure requirements, changes in management or equity, accounting misstatements, professional and general liability claims, litigation and regulatory actions and the availability and cost of insurance.”

Annual report 2025A · The company itself

“For Wisconsin retail electric customers, our utilities bear the risk for the recovery of fuel and purchased power costs within a symmetrical 2% fuel tolerance band compared to the forecast of fuel and purchased power costs established in their respective rate structures.”

Annual report 2025A · The company itself

“Deregulation or other changes in law in the states where we serve our customers could allow third-party suppliers to contract directly with customers for their natural gas and electric supply requirements. Increased competition in these markets could have a material adverse financial impact on us. Certain jurisdictions in which we operate, including Michigan and Illinois, have adopted retail choice. Under Michigan law, our retail electric customers may choose an alternative electric supplier to provide power supply service.”

Annual report 2025A · The company itself

“Michigan Michigan has adopted a limited retail choice program. Under Michigan law, our retail customers may choose an alternative electric supplier to provide power supply service. As a result, some of our small retail customers have switched to an alternative electric supplier.”

Annual report 2025A · The company itself

“Our operating and liquidity requirements are impacted by changes in the forward and current market prices of natural gas, coal, electricity, renewable energy credits, and ancillary services. Our electric utilities burn natural gas in several of their electric generation plants and as a supplemental fuel at several coal-fired plants. In many instances the cost of purchased power is tied to the cost of natural gas.”

Annual report 2025A · The company itself

“NON-UTILITY ENERGY INFRASTRUCTURE SEGMENT The non-utility energy infrastructure segment includes We Power, Bluewater, and WECI. We Power and Bluewater are considered non-utility energy infrastructure operations, however, their facilities are shown in the regulated section. We Power owns and leases its share of the ERGS units and both PWGS units to WE under long-term leases. Bluewater provides natural gas storage and hub services primarily to WE, WPS, and WG.”

Annual report 2025A · The company itself

“In addition, our utilities continue to upgrade their electric and natural gas distribution systems to enhance reliability.”

Annual report 2025A · The company itself

“McCoy Power Reportin ja Wärtsilän omien tietojen mukaan säätövoimalaitosten kokonaismarkkina oli vuoden 2024 kolmella ensimmäisellä neljänneksellä suurempi kuin yhtenäkään kokonaisena vuotena sitä ennen.”

Annual report 2024A · The company itself

“Annual report Taloudellinen katsaus Wärtsilä Oyj Abp:n vuositilinpäätös 2024 ESEF - formaatissa Taloudellinen katsaus HA TUKSEN TOIMINTAKERTOMUS LIIKETOIMINTAMALLI Wärtsilä toimittaa merenkulkuja energiamarkkinoille innovatiivisia teknologioita ja elinkaariratkaisuja. Energiateollisuudessa Wärtsilä tarjoaa voimajärjestelmien optimointiin muun muassa tulevaisuuden polttoaineilla toimivia säätövoimaratkaisuja, hybridiratkaisuja sekä energian hallintaja varastointijärjestelmiä lähinnä laitteistotoimituksina.”

Annual report 2024A · The company itself

“Keskeisiä asiakassegmenttejä ovat sähkölaitokset, itsenäiset voimantuottajat ja teollisuusyritykset, jotka tuottavat sähköä energiamarkkinoille, suoraan loppukäyttäjille tai omaan käyttöön.”

Annual report 2024A · The company itself

“Wärtsilä on kansainvälisesti johtava älykkään teknologian ja kokonaiselinkaariratkaisujen toimittaja merenkulku- ja energiamarkkinoilla.”

Annual report 2024A · The company itself

“Wärtsilän kolme tärkeintä asiakassegmenttiä energiamarkkinoilla ovat sähkölaitokset, itsenäiset voimantuottajat ja teollisuusasiakkaat.”

Annual report 2024A · The company itself

“Both segments manufacture and market comprehensive lines of residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products.”

Annual report 2025A · The company itself

“ABL Group is a leading independent global consultancy delivering energy, marine, engineering & software solutions to drive safety and THE ABL GROUP FAMILY ABL Group ASA – A global brand family combining the deepest pool of expertise across energy, marine, engineering and digital disciplines to drive safety and sustainability in energy and oceans throughout the life-cycle of a project of asset. Key Services Marine warranty survey (MWS) and Marine Assurance & Risk Energy & marine operations support Maritime services Key Services Wells & Reservoir Consulting Resource Solutions Software Marine Operations Key Services Renewables Consulting Owner's Engineering Technical Due Diligence Key Services Offshore Wind Design & Engineering Ship Design & Engineering Facilities & Subsea Engineering Marine Operations Engineering Global, independent energy, marine and engineering consultant working to de-risk and drive sustainability across projects and assets in Renewables, Maritime and Oil & Gas.”

Annual report 2024A · The company itself

“Our clients will benefit from increased business lines and geographies to greater serve their needs, especially in the energy transition and renewables spaces.”

Annual report 2024A · The company itself

“We have expanded our capabilities over the last few years to include helping our clients to digitally transform how their capital projects are planned, managed and executed, from plant and asset construction to public infrastructure, power grids and data centers.”

Annual report 2025A · The company itself

“Revenue growth was driven by the United Kingdom and Germany, partially offset by a decline in France. •Asia Pacific revenues increased 4% in local currency, led by growth in Utilities, Banking & Capital Markets, Public Service and Insurance, partially offset by a decline in Chemicals & Natural Resources.”

Annual report 2025A · The company itself

“AES Indiana is one of many transmission system owner members in MISO, an RTO which maintains functional control over the combined transmission systems of its members and manages one of the largest energy and ancillary services markets in the U.S.”

Annual report 2025A · The company itself

“AES Ohio is a member of PJM, an RTO that operates the transmission systems owned by utilities operating in all or parts of a multi-state region, including Ohio.”

Annual report 2025A · The company itself

“AES El Salvador Business Description — AES El Salvador is the majority owner of four of the five distribution companies operating in El Salvador (CAESS, CLESA, EEO, and DEUSEM).”

Annual report 2025A · The company itself

“Colon in Panama has PPAs with distribution companies for a total contracted capacity of 350 MW expiring in August 2028, which matches the term of the LNG supply agreement of such thermal assets.”

Annual report 2025A · The company itself

“In our generation business, we own and/or operate power plants to sell power to wholesale customers such as utilities and other intermediaries, as well as to large corporations. Our utilities sell to end-user customers in the residential, commercial, industrial, and governmental sectors in a defined service area.”

Annual report 2025A · The company itself

“Panama The Panamanian power sector is composed of three distinct operating business units: generation, distribution, and transmission. Generators can enter into short-term and long-term PPAs with distributors or unregulated consumers. In addition, generators can enter into backup supply contracts with each other.”

Annual report 2025A · The company itself

“The Mong Duong 2 power plant is a BOT plant and does not directly participate in the electricity market. The offtaker bids Mong Duong 2’s tariff into the market on its behalf.”

Annual report 2025A · The company itself

“Puerto Rico Puerto Rico has a single electric grid managed by PREPA, a state-owned entity that provides virtually all of the electric power consumed in Puerto Rico and generates, transmits, and distributes electricity to 1.5 million customers. Since June 2021, PREPA has contracted LUMA Energy to manage the transmission, distribution, and commercialization activities.”

Annual report 2025A · The company itself

“The financial performance of our facilities is dependent on the credit quality of, and continued performance by, suppliers and customers. At times, we rely on a single customer or a few customers to purchase all or a significant portion of a facility's output, in some cases under long-term agreements that account for a substantial percentage of the anticipated revenue from a given facility.”

Annual report 2025A · The company itself

“Stockholm, mars 2025 Linda Pålsson VD och koncernchef AFRY i korthet AFRY erbjuder tjänster inom teknik, design, digitalisering och rådgivning för att accelerera omställningen till ett mer hållbart samhälle.”

Annual report 2024A · The company itself

“Kundprojekt Projekt för livstidsförlängning av kärnkraftverk i Ungern AFRY tilldelades under året ett viktigt designkontrakt från MVM NUKA för det ungerska kärnkraftverket Paks. Projektet är en del av ett program för livstidsförlängningen av anläggningen, som syftar till att säkerställa en fortsatt säker och tillförlitlig drift av en av Ungerns mest kritiska energianläggningar.”

Annual report 2024A · The company itself

“1) ENR Global source book top 225 International Design firms 2024 Divisionen är en global aktör med en Divisionen erbjuder ingenjörs- och konsulttjänster genom hela värdekedjan inom energiproduktion, distribution och lagring. Erbjudandet spänner över flera energikällor för att stödja kunder i övergången till ren energi.”

Annual report 2024A · The company itself

“Divisionen är en global och ledande Divisionen stödjer kunder i den hållbara omställningen inom energi, bioindustri, infrastruktur, industri och mobilitetssektorn genom strategisk rådgivning, framåtblickande marknadsanalys, operativ och digital transformation, M&A- och transaktionstjänster samt hållbarhetsrådgivning.”

Annual report 2024A · The company itself

“En viktig del av vår strategi är att driva operational excellence som gör att vi kan leverera hållbara lösningar till våra kunder på ett effektivt och etiskt sätt.”

Annual report 2024A · The company itself

“Eftersom vi har en mångsidig verksamhet inom ett brett spektrum av branscher och länder kan vi erbjuda många intressanta uppdrag och möjligheter till kompetensutveckling.”

Annual report 2024A · The company itself

“The main customers are international, national and independent energy companies involved with production of oil and gas, and renewable energy.”

Annual report 2024A · The company itself

“Volvo Penta tillkännagav en uppföljningsinvestering i Utility- Innovation Group som specialiserar sig på robusta, innovativa energisystem och decentraliserade energilösningar. Denna strategiska investering markerar ett fortsatt engagemang för att driva energiomställningen och bekräftar Volvo Pentas roll som en oberoende leverantör av delsystem för energität batterienergilagring (BESS) på den växande globala marknaden för energiinfrastruktur.”

Annual report 2024A · The company itself

“För kraftgenerering var efterfrågan fortsatt god med en betydande ökning för högeffektsgeneratorer.”

Annual report 2024A · The company itself

“A number of customers of our Specialties business operate in cyclical industries, including the consumer electronics and oil field industries. As a result, demand from our customers in such industries is also cyclical.”

Annual report 2025A · The company itself

“We offer a wide range of HPC products, which are applied throughout the oil refining industry. Their application enables the upgrading of oil fractions to clean fuels and other usable oil feedstocks and products by removing sulfur, nitrogen and other impurities from the feedstock.”

Annual report 2025A · The company itself

“Alligator har inga direkta affärsförbindelser, driver ej heller några kliniska studier i drabbade länder, men ser att det är en stor risk att Alligator kommer drabbas av de ökade råvaru- och energipriser, vilket i sin tur slår igenom i ökade priser för varor och tjänster.”

Annual report 2024A · The company itself

“Utvecklingen var svag inom de flesta branschsegmenten, med undantag för olja och gas i Norge, samt offentlig verksamhet i Sverige.”

Annual report 2024A · The company itself

“Digitaalisen liiketoiminnan osalta keskeisiä ovat energiaan ja infrastruktuuriin liittyvät riippuvuudet (esim. datakeskus- ja pilvipalvelut), ja mahdollisten painotuotteiden osalta materiaalit, paino ja jakelu.”

Annual report 2025A · The company itself

“Ameren Illinois Electric Distribution – An Ameren Corporation and Ameren Illinois financial reporting segment consisting of the rate-regulated electric distribution business of Ameren Illinois. Ameren Illinois Natural Gas – An Ameren Corporation and Ameren Illinois financial reporting segment consisting of the rate-regulated natural gas distribution business of Ameren Illinois.”

Annual report 2025A · The company itself

“Ameren Illinois Transmission – An Ameren Illinois financial reporting segment consisting of the rate-regulated electric transmission business of Ameren Illinois.”

Annual report 2025A · The company itself

“VERTICALLY INTEGRATED UTILITIES GENERAL The Vertically Integrated Utilities operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by AEGCo, APCo, I&M, KGPCo, KPCo, PSO, SWEPCo and WPCo.”

Annual report 2025A · The company itself

“The state regulatory commissions regulate all of the retail distribution operations and rates of AEP’s retail public utility subsidiaries on a cost basis.”

Annual report 2025A · The company itself

“For generation in Ohio, customers who have not switched to a CRES provider for generation receive SSO from OPCo and pay market-based auction rates.”

Annual report 2025A · The company itself

“AEP Texas had significant customers which account for the following percentages of Total Revenues for the years ended December 31 and Accounts Receivable – Customers as of December 31: Significant Customers of AEP Texas: NRG Energy and Vistra Corp 2025 2024 2023 Percentage of Total Revenues 38 % 40 % 41 % Percentage of Accounts Receivable – Customers 33 % 37 % 34 % 185 AEPTCo had significant transactions with AEP Subsidiaries which on a combined basis account for the following percentages of Total Revenues for the years ended December 31 and Total Accounts Receivable as of December 31: Significant Customers of AEPTCo: AEP Subsidiaries 2025 2024 2023 Percentage of Total Revenues 81 % 80 % 79 % Percentage of Total Accounts Receivable The Registrant Subsidiaries monitor credit levels and the financial condition of their customers on a continuous basis to minimize credit risk.”

Annual report 2025A · The company itself

“Global Specialty: Products include marine, energy-related property insurance products, aviation, political risk, trade credit and trade finance.”

Annual report 2025A · The company itself

“A downturn in the U.S. or global economy, and, in particular, in the aerospace and defense, oil and gas, process instrumentation or power markets could have an adverse effect on our business, financial condition and results of operations.”

Annual report 2025A · The company itself

“Electronic Instruments is a leader in the design and manufacture of advanced instruments for the process, power and industrial, and aerospace markets.”

Annual report 2025A · The company itself

“Our equity team has experience across sectors, industries, and geographies spanning its private equity, hybrid value, secondaries equity, AAA, real estate equity, infrastructure and clean transition equity strategies.”

Annual report 2025A · The company itself

“This investing strategy also includes the legacy natural resources-focused private equity funds we manage.”

Annual report 2025A · The company itself

“Core credit origination at Apollo primarily consists of directly originated, predominantly investment-grade assets, including corporate lending and asset-backed finance. We also generate assets through a diversified ecosystem of 16 origination platforms across corporate credit, asset-backed finance, real estate, infrastructure and other private market asset classes.”

Annual report 2025A · The company itself

“•Infrastructure Opportunities: Our infrastructure opportunities team seeks to utilize a broad origination strategy, flexible investment approach, and leverage industry relationships and the Ares platform to build a portfolio of high-quality infrastructure investments and deliver attractive risk-adjusted returns. We believe our experience as core and value-add investors, our flexible approach, and broad infrastructure experience position us well to take advantage of the growing opportunity set in the middle market across both the energy transition and the broader infrastructure market. •Infrastructure Debt: Our infrastructure debt team sources assets and businesses across regions with defensive characteristics across the digital, transport, energy and utility sectors.”

Annual report 2025A · The company itself

“We believe our experience as core and value-add investors, our flexible approach, and broad infrastructure experience position us well to take advantage of the growing opportunity set in the middle market across both the energy transition and the broader infrastructure market. •Infrastructure Debt: Our infrastructure debt team sources assets and businesses across regions with defensive characteristics across the digital, transport, energy and utility sectors. We aim to deliver attractive risk-adjusted returns focused on cash yield by targeting infrastructure debt investments with defensive characteristics that have the potential to perform across different market cycles.”

Annual report 2025A · The company itself

“As of December 31, 2025, approximately 2% of our total AUM was invested in debt and equity investments in the energy sector, including midstream investments, oil and gas exploration, and renewable energy investments.”

Annual report 2025A · The company itself

“Infrastructure: Our long-tenured global infrastructure team, with over 130 investment professionals, seeks to utilize its strong local sourcing capabilities and extensive sector experience to originate and manage diverse, high-quality infrastructure investments across the globe and, as of December 31, 2025, managed $25.3 billion of AUM in more than 25 investment vehicles.”

Annual report 2025A · The company itself

“A significant number of ESL Shipping’s customers operate in energy production and industry, especially in the metal and forest industries.”

Annual report 2025A · The company itself

“The operating segments have been identified based on Aspo Group’s organizational structure, in which each business is led separately. • ESL Shipping conducts sea transportation of raw materials for industry and the energy sector and offers related services. • Telko acquires and supplies plastic raw materials, chemicals and lubricants to industry.”

Annual report 2025A · The company itself

“Transition to a circular economy – activity CCM 8.1 Atea operates with responsible business practices, ensuring compliance with regulations on equipment and restricted substances used. Equipment used in data centers is mostly from our Strategic and Gold partners who generally complies with EU regulations.”

Annual report 2024A · The company itself

“The Power Technique business area provides portable air and power, industrial and portable flow solutions through products such as mobile compressors, generators, energy storage systems, dewatering and industrial pumps, along with a number of complementary products.”

Annual report 2024A · The company itself

“Gas and process compressors and expanders are supplied to various process industries, such as carbon capture, hydrogen, air separation plants, power utilities, chemical and petrochemical plants, and LNG applications.”

Annual report 2024A · The company itself

“The demand for gas and process compressors was solid, but the order intake did not fully reach the previous year’s high level.”

Annual report 2024A · The company itself

“Orders from customer segments such as aerospace and energy increased, whereas orders from several other segments decreased. In total, the order intake remained at the same level as previous year.”

Annual report 2024A · The company itself

“Distribution Segment The distribution segment is comprised of our regulated natural gas distribution and related sales operations in eight states.”

Annual report 2025A · The company itself

“APT provides transportation and storage services to our Mid-Tex Division, other third-party local distribution companies, industrial, and electric generation customers, as well as marketers and producers. Over 80 percent of this segment's revenues are derived from these APT services.”

Annual report 2025A · The company itself

“APT provides transportation and storage services to our Mid-Tex Division, other third party local distribution companies, and certain industrial customers under tariff rates approved by the RRC. APT also provides certain transportation and storage services to industrial and electric generation customers, as well as marketers and producers, under negotiated rates.”

Annual report 2025A · The company itself

“IT, media, underhållning, 8% (8) Medlemsorganisationer, föreningar 6% (6) Handel, 7% (7) Transport/logistik, 7% (6) Telekom, 4% (4) Övrigt, 7% (9) Myndighet, kommun, 16% (13) INTÄKTER PER BRANSCH 2024 Några av B3s kunder Almi, Arbetsförmedlingen, Bliwa, Epiroc, FAR, Filmstaden, Försäkringskassan, Handelsbanken, Hyresgästföreningen, Inera, Jordbruksverket, Lantmäteriet, Länsförsäkringar, Sveriges Lärare, Parks and Resorts, Polismyndigheten, Preem, Region Skåne, Region Stockholm, Sandvik, SEB, SGDS-gruppen, SJ, Skandia, Skatteverket, Skolverket, SMHI, Stena, Sundsvalls kommun, Sveaskog, Svenska kyrkan, Svenskt Näringsliv, SVT, Swedbank, Telenor, Telia, Trafik förvaltningen (SL), Trafikverket, Transportstyrelsen, Valmyndigheten, Vattenfall, Volvo, Västra Götalandsregionen.”

Annual report 2024A · The company itself

“OUR VISION & STRATEGY With our diverse portfolio, leading technology and clear purpose to make energy safer, cleaner and more efficient, Baker Hughes is well positioned to deliver solutions across industrial and energy markets.”

Annual report 2025A · The company itself

“Fenagy utvecklar storskaliga värmepumpar och industriella kylsystem baserade på naturliga köldmedier, framför allt koldioxid men även isobutan och propan. Det danska bolaget säljer primärt värmepumpar till fjärrvärmeverk och industrier, där värmen från värmepumparna byter ut biomassa, olja och gas.”

Annual report 2024A · The company itself

“Beijer Ref är majoritetsägare i det danska kylteknikbolaget Fenagy, som har utvecklat ett helt nytt produktsortiment inom industriella värmepumpar och kylsystem baserade på CO2. Tekniken används bland annat av fjärrvärmeverk som omvandlar el med hjälp av värmepumpar.”

Annual report 2024A · The company itself

“Som exempel har Fenagy levererat en lösning för kombinerad värme och kyla i Köpenhamn, där spillvärme hämtas från en fjärrkylaanläggning för att sedan konverteras och skickas ut i fjärrvärmenätet. Värmen från den första installationen värmer 2 000 lägenheter, samtidigt som behovet att bränna av biomassa i fjärrvärmeverket minskar rejält.”

Annual report 2024A · The company itself

“BHE GT&S, based in Virginia, operates three interstate natural gas pipeline systems that consist of approximately 5,400 miles of natural gas transmission, gathering and storage pipelines and operates seventeen underground natural gas storage fields in the eastern region of the U.S. BHE GT&S’s large underground natural gas storage assets and pipeline systems are part of an interconnected gas transmission network that provides transportation services to utilities and numerous other customers.”

Annual report unknown yearA · The company itself

“The Electrical group produces electrical wire for use in residential and commercial buildings, and specialty wire and cable for use in energy, transit, aerospace, defense, communication and other industrial applications.”

Annual report unknown yearA · The company itself

“The Crane Services group is a provider of mobile cranes and operators in North America and Australia with a combined fleet of approximately 1,000 cranes, primarily serving the energy, mining, petrochemical and infrastructure markets.”

Annual report unknown yearA · The company itself

“I vår portfölj finns bland annat ledande produkter som Zeta pannan, Swedamper rökgasspjäll och bullerdämpande lösningar, vilka ger spännande tillväxtmöjligheter och god lönsamhet.”

Annual report 2024A · The company itself

“Exponering mot starka och växande marknader medhållbarhet som grund Med vår diversifierade verksamhet och exponering mot flera samhällsviktiga sektorer såsom vattenbehandling, energiproduktion och hållbar industri rör sig våra verksamheter ihjärtat av de starka, under - liggande samhälls trenderna, och ger oss möjlighet att till viss del parera fluktuationer imarknaderna.”

Annual report 2024A · The company itself

“The Company’s acquisition of Preqin in March 2025 added private markets data capabilities to its existing Aladdin and eFront workflow offerings, creating a preeminent private markets technology and data provider. As clients’ private market allocations continue to grow, they will require more standardized and transparent data on their investments, creating an additional growth opportunity for Preqin.”

Annual report 2025A · The company itself

“Multi-Asset BlackRock manages a variety of multi-asset funds and bespoke mandates for a diversified client base that leverages the Company's broad investment expertise in global equities, bonds, and private markets, and the Company's extensive risk management capabilities. Investment solutions may include a combination of long-only portfolios and private markets investments as well as tactical asset allocation overlays.”

Annual report 2025A · The company itself

“Private Markets The Company’s private markets strategies include the following: • Infrastructure includes offerings across equity, debt and solutions, which totaled $112 billion in AUM. Net inflows were $16 billion and realizations were $12 billion. • Private Equity AUM of $31 billion included AUM of $29 billion in private equity solutions.”

Annual report 2025A · The company itself

“BIP targets a diversified mix of core+, core and public-private partnership investments across all infrastructure sectors, including energy infrastructure, transportation, digital infrastructure and water and waste.”

Annual report 2025A · The company itself

“Table of Contents Our funds’ investments in real estate and infrastructure assets, including digital infrastructure, may expose us to increased risks that are inherent in the ownership of such assets. Investments in real estate and infrastructure assets may expose us to increased risks that are inherent in the development and ownership of real assets.”

Annual report 2025A · The company itself

“o Realizations were driven by $13.8 billion from Corporate Private Equity, $9.9 billion from Secondaries and $5.3 billion from Tactical Opportunities. o Outflows were driven by $4.5 billion from Secondaries, $2.6 billion from Corporate Private Equity and $1.1 billion from Infrastructure. • In our Credit & Insurance segment, an increase of $67.4 billion from $375.5 billion at December 31, 2024 to $443.0 billion at December 31, 2025. The net increase was due to inflows of $132.1 billion and market appreciation of $18.1 billion, offset by realizations of $62.4 billion and outflows of $20.4 billion. o Inflows were driven by $62.1 billion from private corporate credit, $36.0 billion from infrastructure and asset based credit and $22.4 billion from liquid corporate credit.”

Annual report 2025A · The company itself

“o Inflows were driven by $10.6 billion from Infrastructure, $8.0 billion from BXPE, $7.1 billion from Corporate Private Equity, $5.2 billion from BXLS, $4.2 billion from BXG and $3.4 billion from Secondaries. o Market appreciation was driven by appreciation of $9.5 billion from Infrastructure (which reflected $586.4 million of foreign exchange appreciation), $2.4 billion from BXPE and $1.2 billion from Secondaries. o Realizations were driven by $6.3 billion from Corporate Private Equity, $4.2 billion from Secondaries, $2.4 billion from Tactical Opportunities and $1.8 billion from Infrastructure. o Outflows were driven by $3.0 billion from Secondaries, $1.6 billion from BXLS and $1.5 billion from Tactical Opportunities.”

Annual report 2025A · The company itself

“In our Private Equity segment, growth in Infrastructure and BXPE resulted in increases of $21.8 billion and $12.7 billion, respectively.”

Annual report 2025A · The company itself

“Our Private Equity segment generated strong performance across all strategies in 2025, with particular strength in Infrastructure.”

Annual report 2025A · The company itself

“Table of Contents Investments by our funds in the power and energy industries involve various operational, construction, regulatory and market risks. The development, operation and maintenance of power and energy generation facilities involves many risks, including, as applicable, labor issues, start-up risks, breakdown or failure of facilities, lack of sufficient capital to maintain the facilities and the dependence on a specific fuel source.”

Annual report 2025A · The company itself

“BlueNord is providing Europe with the energy it needs today, tomorrow, and in the net zero future 2nd largest Oil and gas producer in Denmark Revenue $702m Net cash flow from operating activities $309m EBITDA $354m (cash and undrawn facilities) $521m Financial highlights BlueNord is a strategically important European oil and gas company, specialising in the production and development of resources that support the energy transition towards net zero.”

Annual report 2024A · The company itself

“De största användarna av kuvert inom transaktionspost är företag inom till exempel telekom, bank, försäkring, finans, energi och vatten.”

Annual report 2024A · The company itself

“For Statnett har konsernet blant annet fått være med på å styrke det norske kraftsystemet.”

Annual report 2024A · The company itself

“Omsetning per sektor Helse og sosial 1,4 % Industri 3,7 % Info og kommunikasjon 2,1 % Kraftforsyning 20,4 % Off. adm. og forsvar 17,8 % Olje, gass og fornybart 40,5 % Tjenesteyting 6,0 % Transport 4,3 % Varehandel 2,5 % Andre 1,2 % Intro | Våre nøkkeltall Intro | Våre nøkkeltall 5 5 Om Bouvet I dagens samfunn er digitalisering en avgjørende faktor for virksomheters leveranseevne og konkurransekraft.”

Annual report 2024A · The company itself

“Olavstoppen leverer designdrevet digital produktutvikling til kunder som Equinor, AkerBP og Lyse i tett samarbeid med Bouvet.”

Annual report 2024A · The company itself

“Oversikten viser sektorene som utgjør den største andelen av omsetningen i konsernet Sektor Jan-Des 2024 Kraftforsyning 20,4 % Helse og sosial 1,4 % Industri 3,7 % Informasjon og kommunikasjon 2,1 % Off. adm. og forsvar 17,8 % Olje, gass og fornybart 40,5 % Tjenesteyting 6,0 % Transport 4,3 % Varehandel Konsernets kunder har store komplekse og gjensidig avhengige behov innen digitalisering og bærekraft.”

Annual report 2024A · The company itself

“Oversikten viser sektorene som utgjør den største andelen av omsetningen i konsernet Sektor Jan-Des 2024 Kraftforsyning 20,4 % Helse og sosial 1,4 % Industri 3,7 % Informasjon og kommunikasjon 2,1 % Off. adm. og forsvar 17,8 % Olje, gass og fornybart 40,5 % Tjenesteyting 6,0 % Transport 4,3 % Varehandel Konsernets kunder har store komplekse og gjensidig avhengige behov innen digitalisering og bærekraft.”

Annual report 2024A · The company itself

“BTS kunder är verksamma huvudsakligen inom nio branscher: IT, finansiella tjänster, tillverkande industri, professional services, läkemedel & bioteknik, dagligvarubranschen (så kallade Fast-Moving Consumer Goods – FMCG), energi, telekom samt handel & distribution.”

Annual report 2024A · The company itself

“Sustainability strategy aligned with strategic priorities Sustainability strategy Capsol provides solutions that enable production of low carbon energy through carbon capture from cement, biomass, energy-from-waste and gas turbines.”

Annual report 2024A · The company itself

“Key segments include cement, biomass, energy-from-waste and gas turbines.”

Annual report 2024A · The company itself

“Capsol offers carbon capture solutions for hard-to-abate industries like cement, energy-from-waste, biomass and gas turbines, creating long-term value for customers, shareholders, society and the environment.”

Annual report 2024A · The company itself

“CapsolEoP® (end-of-pipe) is a full-scale, post-combustion carbon capture solution designed for large industrial emitters across cement, biomass, EfW, power generation and process industries.”

Annual report 2024A · The company itself

“Chubb International, our retail division, provides commercial P&C, A&H and traditional and specialty personal lines for large corporations, middle markets and small customers through retail brokers, agents and other channels locally around the world. CGM provides commercial P&C excess and surplus lines wholesale business primarily through wholesale brokers in the London market and through Lloyd’s. These divisions write a variety of coverages, including traditional commercial P&C, specialty categories such as financial lines, marine, energy, aviation, political risk and construction, as well as group A&H and traditional and specialty personal lines.”

Annual report 2025A · The company itself

“Products and services at a point in time $ 3,493,492 $ 67,013 $ 21,842 $ 55,036 $ 3,637,383 Products and services transferred over time — 236,860 47,328 464,978 749,166 Total revenue by timing of revenue recognition $ 3,493,492 $ 303,873 $ 69,170 $ 520,014 $ 4,386,549 •Networking Platforms revenue reflects sales of Ciena’s Optical Networking and Routing and Switching product lines. •Optical Networking - includes the 6500 Packet-Optical Platform, the Waveserver® system, the 6500 Reconfigurable Line System (RLS), coherent pluggable transceivers, and other optical networking products. •Routing and Switching - includes the 3000 family of service delivery platforms and 5000 family of service aggregation platforms, the 8100 Coherent IP networking platforms, virtualization software, and other routing and switching portfolio products.”

Annual report 2025A · The company itself

“Revenue also includes $500.7 million, $475.3 million, and $464.7 million from AT&T for fiscal 2025, fiscal 2024, and fiscal 2023, respectively. AT&T purchased products and services from each of Ciena’s operating segments for each of the periods presented.”

Annual report 2025A · The company itself

“The Nordic region is via interconnectors a part of the European energy system, allowing us to export clean energy to European markets. Depending on market conditions, our renewable power could help reduce reliance on fossil fuels in neighboring countries, where coal and gas are still common energy sources.”

Annual report 2024A · The company itself

“The Commercial segment owns and manages renewable power assets with long-term cash flows in the Nordics. Revenues primarily come from power production, which is continuously sold through bilateral agreements or on the spot market via Nordpool. The segment is responsible for optimizing the performance of Cloudberry’s operational assets while also driving strategic growth through mergers, acquisitions, and partnerships.”

Annual report 2024A · The company itself

“Pre-screening suppliers is particularly crucial for our asset management division, which oversees power plant operations on behalf of third-party owners. In this capacity, asset managers represent these owners when engaging with service technicians, engineers, local communities, and other stakeholders.”

Annual report 2024A · The company itself

“The creation of utilities by municipalities in Consumers’ service territory, or the impairment of Consumers’ franchise rights to serve customers in municipalities, could have a material adverse effect on CMS Energy’s and Consumers’ businesses. Michigan law allows Consumers’ electric and natural gas utility businesses to serve customers pursuant to franchises granted by municipalities.”

Annual report 2025A · The company itself

“Our P&R segment includes manufacturers, automakers, retailers, consumer goods companies, aerospace and defense companies, and travel and hospitality companies, as well as businesses providing logistics, energy and utility services. Demand in this segment is driven by our clients’ focus on improving the efficiency and sustainability of their operations; the enablement and integration of business platforms to support sales and customer experience enhancement initiatives; the generational shift from mechanical to software-defined, experience-driven customer interactions; grid modernization to support a consumer-driven energy landscape that enables cleaner, more efficient energy use; and their adoption and integration of AI and other technologies, such as intelligent systems to manage supply chains and enhance overall customer experiences, and IoT to generate data and insights for factories, fleets, products and real estate companies.”

Annual report 2025A · The company itself

“Efterfrågan på brandsäkerhetssystem till olika typer av anläggningar är fortsatt stor, dels på grund av de stora ekonomiska värden som skyddas men även tack vare ökade krav och tillkommande regelverk.”

Annual report 2024A · The company itself

“CONCEJO ÅRSREDOVISNING 2024 7 Firenor International Firenor International är en ledande leverantör av högspecialiserade produkter och system för aktiv brandbekämpning till kunder globalt inom energisektorn. Firenor International (Firenor) erbjuder nyckelfärdiga brandbekämpningslösningar, inklusive design och leverans av förtestad utrustning, samt utför tester, underhåll av system och tillhandahåller reservdelar vid behov. Firenor Internationals huvudkontor är beläget i Kristiansand, Norge, och verksamheten bedrivs på global nivå.”

Annual report 2024A · The company itself

“Affärsområde Concejo Industrier Affärsområdet utgörs av Firenor International, Optronics Technolgy och ACAF Systems. Firenor International, med huvudkontor i Kristiansand (Norge), är en ledande leverantör av högspecialiserade system för aktiv brandbekämp - ning för kunder primärt inom energisektorn.”

Annual report 2024A · The company itself

“Vidut- eller ombyggnation samt övriga tjänster utgörs kunderna normalt av de som äger eller driver anläggningarna, som oljebolag, gasbolag eller kraft- och energi - bolag.”

Annual report 2024A · The company itself

“Biokolet kan användas som reduktionsmedel i den metallurgiska industrin, biooljan som insatsvara i raffina - derier och biogasen som en energibärare – alla förnyelsebara produkter som bidrar till att minska utsläppen av fossil koldioxid.”

Annual report 2024A · The company itself

“Our Connected Portfolio CRH’s connected portfolio of value-added building materials, products and services serves transportation and critical infrastructure construction (including highways, bridges, rail, water, energy and telecommunications projects), reindustrialization activity (including manufacturing and data center projects) and commercial and residential markets across North America, Europe and Australia.”

Annual report 2025A · The company itself

“This access allows the Company to meet the dynamic transportation needs of manufacturers, industrial producers, the automotive industry, construction companies, farmers and feed mills, wholesalers and retailers, and energy producers.”

Annual report 2025A · The company itself

“Power Systems Segment Power Systems segment sales and EBITDA as a percentage of consolidated results were: Years ended December 31, 2025 2024 2023 Percent of consolidated net sales (1) 18 % 16 % 14 % Percent of consolidated EBITDA (1) 31 % 23 % 16 % (1) Measured before intersegment eliminations The Power Systems segment is organized around the following product lines: •Power generation - We are a global OEM offering standby and prime power generators ranging from 2 kilowatts to 3.5 megawatts, as well as controls, paralleling systems and transfer switches, for customers with data center, consumer, commercial, industrial, health care, prime rental fleet and defense applications. We also provide turnkey solutions for distributed generation and energy management applications using diesel, natural gas, battery energy storage systems and newer alternative sustainable fuels such as hydrotreated vegetable oil and renewable natural gas.”

Annual report 2025A · The company itself

“Our alternator products are sold under the Stamford and AVK brands and range in output from 7.5 kilovolt-amperes (kVA) to 11,200 kVA. Our customer base for Power Systems offerings is highly diversified, with customer groups varying based on their power needs.”

Annual report 2025A · The company itself

“Store investeringer i olje- og gassektoren har bidratt til å holde aktiviteten oppe og har motvirket fallet i boliginvesteringer.”

Annual report 2024A · The company itself

“DOF Denmark A/S is a leading provider of marine services for offshore energy sectors. The entire fleet comprises 13 anchor handling vessels, eight subsea support vessels, one cable layer vessel along with one new build contract. DOF Denmark A/S specialises in towing, mooring, and installing floating units and employs around 1,400 offshore and 260 onshore staff.”

Annual report 2024A · The company itself

“MPS: Det kompletta utbudet av mobila strömförsörjningsprodukter globalt.”

Annual report 2024A · The company itself

“Business General Dominion Energy, headquartered in Richmond, Virginia and incorporated in Virginia in 1983, provides service to approximately 4.1 million primarily electric utility customers in Virginia, North Carolina and South Carolina.”

Annual report 2025A · The company itself

“Dominion Energy currently expects approximately 95% of earnings to come from state-regulated utility operations in Virginia, North Carolina and South Carolina.”

Annual report 2025A · The company itself

“In addition, Virginia Power sells and transmits electricity at wholesale prices to rural electric cooperatives, municipalities and into wholesale electricity markets.”

Annual report 2025A · The company itself

“In 2025, we accelerated our sustainability efforts through expanded customer biofuel partnerships and the launch of our decarbonised transatlantic LCL product.”

Annual report 2025A · The company itself

“Duke Energy’s results of operations depend, in significant part, on the extent to which it can implement its business strategy and goals successfully. Duke Energy is working to meet growing and evolving customer energy needs while balancing reliability, costs and other priorities including the need to modernize its fleet and the regulatory constructs. Duke Energy is subject to business, policy, regulatory, technology, economic and competitive uncertainties and contingencies, many of which are beyond its control and may make those objectives difficult to achieve.”

Annual report 2025A · The company itself

“Water Technologies operates as a pure play provider of advanced water filtration and separation solutions, including elements, modules, and systems serving primarily industrial wastewater and energy markets, municipal and desalination applications, and life sciences and specialty sectors. Its product suite includes AMBERLITE™ ion exchange resins, FILMTEC™ reverse osmosis and nanofiltration elements and INGE™ and ITEGRATEC™ ultrafiltration modules.”

Annual report 2025A · The company itself

“Light & Heavy organic sales increased in 2024 reflecting strong growth in downstream and manufacturing. Downstream reported strong sales growth in 2024, driven by strong growth in refining and water management.”

Annual report 2025A · The company itself

“We help protect one-third of the world’s food production and a quarter of the power generated while delivering innovative solutions across food, healthcare, data centers, microelectronics, life sciences and hospitality.”

Annual report 2025A · The company itself

“Life Sciences also produces high performance purification resins that support critical separation processes across a range of industries, including power generation, food and beverage, and water treatment.”

Annual report 2025A · The company itself

“Economic downturns, and in particular downturns in our larger markets, including the foodservice, hospitality, travel, health care, food processing, refining, pulp and paper, mining and steel industries, can adversely impact our customers, and we may find it difficult to restore margins by maintaining pricing due to easing inflation from slowing economic growth.”

Annual report 2025A · The company itself

“Downstream reported sales growth in North America was partially offset by softer sales in other international regions.”

Annual report 2025A · The company itself

“Business model and value chain Elkem's business model and value chain focus on producing advanced silicon-based materials, and are cantered on the production and supply of advanced silicon-based materials, leveraging an integrated value chain to ensure quality and sustainability. The company operates across the entire value chain, from raw material extraction to the production of specialised products. Here are the key components: 1. Raw material sourcing : Elkem sources high-quality raw materials such as quartz, coal, and wood, which are essential for producing silicon and its derivatives.”

Annual report 2024A · The company itself

“Eltel är en leverantör av tjänster för kritisk infrastruktur inom kommunikations- och elnät. Vi levererar ett omfattande utbud av lösningar – från underhålls- och uppgraderingstjänster till totalentreprenad. Detta inkluderar design, planering, konstruktion, installation och säkerställande av driften av nätverk.”

Annual report 2024A · The company itself

“AFFÄRSOMRÅDEN PRODUKTOMRÅDEN UTBUD MARKNADER KUNDER NETTOOMSÄTTNING Communication Marknadsledande i Norden. »Mer på sidan 14. • Fast telekom • Mobil telekom • Fast bredband via mobilnätet • Mobil inomhustäckning • Datacenter • Design, installation, uppgradering och service • Norden • Litauen • Telekomoperatörer och nätägare • Industrikunder • Offentlig sektor 61% Power Viktig aktör i Norden.”

Annual report 2024A · The company itself

“Nischaktör i Tyskland. »Mer på sidan 15. • Kraftdistribution och -överföring • Smarta elnät • E-Mobility • Förnybar energi • Datacenter • Design, konstruktion, underhåll, uppgraderingar och kompletta lösningar • Norden • Tyskland • Litauen • Nätägare och operatörer • Industrikunder • Offentlig sektor • Energiföretag 39% NETTOOMSÄTTNING MEDARBETARE FTE, medelantal Vad är ”smarta elnät”?”

Annual report 2024A · The company itself

“• Uppgraderingar av nätverkskapacitet • Laddningsinfrastruktur för e-Mobility • Vindkraftverk och solcellsparker • BESS-lösningar • Utrullning av smarta mätare • Högspänningsinfrastruktur för datacenter KUNDER Våra kunder är främst nationella operatörer av transmissionssystem, ägare av distributionsnät och energiföretag. Vi har även kunder som industriföretag och offentlig sektor.”

Annual report 2024A · The company itself

“Kunderna består främst av nationella operatörer av transmissionssystem, ägare av distributionsnät och energiföretag.”

Annual report 2024A · The company itself

“ENERSENSE | KESTÄVYYSRAPORTTI | 40 SBM-1 – Strategia, liiketoimintamalli ja arvoketju Enersense toimii asiakkaidensa elinkaarikumppanina energiansiirrossa ja -tuotannossa, teollisuuden energiasiirtymässä, tietoliikenteessä ja datakeskuksissa. Yhtiö suunnittelee, rakentaa, kunnossapitää ja modernisoi kriittistä infrastruktuuria Pohjoismaissa ja Baltiassa. Yhtiöllä on kolme liiketoimintayksikköä: Power, Energy Transition ja Connectivity.”

Annual report 2025A · The company itself

“Kaukolämmön tai -jäähdytyksen jakelu Yhtiön kaukolämpö- ja jäähdytysverkon käyttöön ja kunnossapitoon liittyvät toiminnot on arvioitu luokitusjärjestelmän mukaisiksi. Enersensen käyttö- ja kunnossapitotoiminnot kattavat yli 1 400 km kaukolämpöverkkoa ja yli 90 km kaukojäähdytysverkkoa sekä noin 60 km energiatunneleissa kulkevia kaukolämmitys- ja jäähdytysjohtoja.”

Annual report 2025A · The company itself

“Lämmön tai jäähdytyksen tuotanto bioenergialla Yhtiö on arvioinut luokitusjärjestelmän mukaiseksi käyttö- ja kunnossapitotoimintansa, joita se toteuttaa asiakkaansa vuonna 2023 käyttöön ottamalla biolämpölaitoksella.”

Annual report 2025A · The company itself

“Sähköntuotanto vesivoimalla Kaikki yhtiön vesivoiman käyttöön liittyvistä toiminnoista on arvioitu luokitusjärjestelmäkelpoisiksi. Osa yhtiön vesivoiman käyttöön ja kunnossapitoon liittyvistä toiminnoista on arvioitu myös luokitusjärjestelmän mukaisiksi. Enersense ei omalla toiminnallaan tuota sähköä vesivoimalla, mutta yhtiö tuottaa jokivoimalaitoksille paikalliskäyttöpalveluita, joilla varmistetaan laitosten käyttö.”

Annual report 2025A · The company itself

“Uusien ydinvoimaloiden rakentaminen ja turvallinen käyttö sähkön ja lämmön tuottamiseksi, vedyn tuotanto mukaan luettuna, parhaiden käytettävissä olevien tekniikoiden avulla Yhtiön asiakkaalleen toteuttama asiantuntijatyö ydinvoimalassa on arvioitu luokitusjärjestelmän mukaiseksi. Enersense tuottaa ydinvoimalassa palvelua, jolla varmistetaan voimalan turvallinen toiminta ja häiriötön tuotanto.”

Annual report 2025A · The company itself

“2025: Vahvempana kohti elinkaarikumppanuutta Ydinliiketoimintojen liikevaihto, MEUR 302,1 (335,5) Käyttökate, MEUR 25,3 (14,5) Uusi elinkaarikumppanuusstrategia Strategiamme lähtökohtana on asiakkaidemme menestyksen edistäminen.”

Annual report 2025A · The company itself

“Power Power-liiketoimintayksikkö tarjoaa ratkaisuja yhteiskunnan sähköistymiseen ja uusiutuvaan energiaan asiakkailleen, joita ovat energiantuotannossa tai -siirrossa toimivat yritykset sekä datakeskukset.”

Annual report 2025A · The company itself

“Operatiiviset riskit Enersensen asiakkaat ovat tyypillisesti energiantuotannossa tai -siirrossa toimivia yhtiöitä, teollisuusprojektien omistajia, rakennuttajia, pääurakoitsijoita tai toimittajia, joiden kanssa Enersense yleensä toteuttaa hankkeen, palvelun tai puitesopimuksen.”

Annual report 2025A · The company itself

“Power-liiketoimintayksikkö tarjoaa ratkaisuja yhteiskunnan sähköistymiseen ja uusiutuvaan energiaan asiakkailleen, jotka toimivat energiantuotannossa tai -siirrossa sekä datakeskuksissa.”

Annual report 2025A · The company itself

“Energy Transition Energy Transition -liiketoimintayksikön osaaminen mahdollistaa energiasiirtymän, ja liiketoimintayksikkö on koko elinkaaren kumppani energiantuottajille ja suurille energiankuluttajille, kuten teollisuudelle ja datakeskuksille. Liiketoimintayksikkö palvelee asiakkaitaan tuotantolaitosten rakentamisessa, käytössä, kunnossapidossa ja modernisoinnissa.”

Annual report 2025A · The company itself

“The business of System Energy is limited to wholesale power sales.”

Annual report 2025A · The company itself

“The Utility operating companies also may face competition from other companies offering products and services to Entergy’s customers.”

Annual report 2025A · The company itself

“In 2025, consistent with its diversified marketing strategy, the majority of EOG's United States natural gas production was transported by pipeline to various locations throughout the United States and the Dawn Hub in Ontario. Remaining natural gas production was sold into local markets.”

Annual report 2025A · The company itself

“We have various customers for the crude oil, natural gas and related commodities that we produce as well as various other contractual counterparties, including financial institutions and affiliates of financial institutions.”

Annual report 2025A · The company itself

“Vid utgången av 2024 hade Eolus drift- och förvaltningsavtal för kunders räkning på totalt 967 MW. Tillsammans med nya driftsavtal som beräknas inledas 2025 förvaltar Eolus vindkraftsanläggningar med en beräknad årlig produktion på cirka 3 TWh.”

Annual report 2024A · The company itself

“Eolus främsta kundgrupper är idag finansiella institutioner och energibolag.”

Annual report 2024A · The company itself

“Genom åren har vi sålt vindkraftsanläggningar till både svenska och internationella energibolag. Det möjlig - gör för energibolagen att öka sin produktionskapacitet kostnadseffek tivt och erbjuda en högre andel förnybar el i sin produktionsmix.”

Annual report 2024A · The company itself

“Eolus förhandlar med kunder som vill äga lönsam förnybar elproduktion. I de flesta fall säljer vi det byggklara projektet i denna fas och återinvesterar det realiserade värdet i nya projekt.”

Annual report 2024A · The company itself

“Affärsenheten har även etablerat försäljning i Danmark med fokus på energisegmentet.”

Annual report 2024A · The company itself

“Investeringar i en säker och uppkopplad värld Ependion AB Års- och hållbarhetsredovisning 2024 Ependion kopplar upp alperna Ependion spelar en nyckelroll när tusentals transformatorstationer i de österrikiska alperna kopplas upp med hjälp av 8 000 routrar från affärsenheten Westermo. Kunden är Energie AG och lösningen bygger på ett privat mobilt LTE-nätverk med 450 MHzfrekvens som både fungerar utmärkt i bergiga områden och garanterar cybersäkerhet.”

Annual report 2024A · The company itself

“Westermo har även ett stort fokus på kritisk infrastruktur inom järnväg och inom energiområdet där det sker stora investeringar kopplade till megatrender i samhället.”

Annual report 2024A · The company itself

“Marknadssegment i fokus är tåg, järnvägsinfrastruktur, energi, tillverkande industri och marin.”

Annual report 2024A · The company itself

“Affärsenhet Westermo Westermo utvecklar robusta och säkra kommunikationslösningar för krävande miljöer med främsta fokus på tågnätverk där affärsenheten är global marknadsledare inom sin nisch, för järnvägsinfrastruktur och för energiområdet.”

Annual report 2024A · The company itself

“EQT investerar i sektorer som drivs av långsiktiga trender, och vi arbetar aktivt med portföljen för att skapa motståndskraftiga, framtidssäkrade tillgångar. Dessa sektorer inkluderar hälsovård, teknik och infrastruktur, som alla kräver omfattande investeringar under de kommande decennierna.”

Annual report 2024A · The company itself

“Vi har även lanserat EQT Transition Infrastructure, vår första strategi inriktad på investeringar i infrastrukturbolag i expansionsfasen, samt EQT Healthcare Growth, en mid-market buyout-strategi som bygger på EQT:s 30-åriga erfarenhet inom hälsovård och life sciences.”

Annual report 2024A · The company itself

“Vd & Managing Partner pande inom föregångaren BPEA VIII, som vi uppgraderade till ”Över plan” enligt vår bokslutskommuniké 2024. EQT Infrastructure VI förväntas nå sitt mål under första kvartalet 2025, vilket skulle innebära en ökning på över 25 procent jämfört med föregångaren.”

Annual report 2024A · The company itself

“— EQT Private Capital Asia investerar främst inom tjänster och tekniktjänster, men även i hälso- och sjukvård-, teknik- och industriteknik-sektorerna. — EQT Infrastructure är aktivt inom både värdeskapande och core-infrastruktur globalt.”

Annual report 2024A · The company itself

“As the only large-scale, integrated natural gas producer in the United States, we believe we are well positioned to excel during times of market volatility and to serve growing sources of demand, including power generation, industrial consumption, domestic data center development and LNG exports.”

Annual report unknown yearA · The company itself

“Global enterprises, service providers and business ecosystems of industry partners rely on our IBX data centers and expertise around the world for the safe housing of their critical IT equipment and to protect and connect the 48 Table of Contents world's most valued information assets. They also look to Equinix for the ability to directly and securely interconnect to the networks, clouds and content that enable today's information-driven global digital economy.”

Annual report 2025A · The company itself

“Collectively, the Evergy Companies have approximately 15,800 megawatts (MWs) of owned generating capacity and renewable power purchase agreements and engage in the generation, transmission, distribution and sale of electricity to approximately 1.7 million customers in the states of Kansas and Missouri.”

Annual report 2025A · The company itself

“We serve a wide variety of customers and transact with suppliers that include IPPs, industrial companies, natural gas and electric utilities, oil and natural gas producers, financial institutions, and other energy marketers.”

Annual report 2025A · The company itself

“QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK The Registrants hold commodity and financial instruments that are exposed to the following market risks: •Commodity price risk, which is discussed further below. •Counterparty credit risk associated with non-performance by counterparties on executed derivative instruments and participation in all, or some of the established, wholesale spot energy markets that are administered by PJM.”

Annual report 2025A · The company itself

“(1)Organization FIS is a leading global provider of financial services technology solutions for financial institutions, businesses and developers.”

Annual report 2025A · The company itself

“Customers Our customers include system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators.”

Annual report 2025A · The company itself

“The market for electricity generation products is heavily influenced by federal, state, local, and foreign government regulations and policies concerning the electric utility industry, as well as policies promulgated by electric utilities. These regulations and policies often relate to electricity pricing and interconnection of customer-owned electricity generation.”

Annual report 2025A · The company itself

“Additionally, we provide payment services to companies, such as utilities, telephone and cable companies, lending institutions and insurance providers. These services enable our clients to reduce costs, collect payments faster through multiple channels and increase customer satisfaction, providing customers flexible, easy-to-use ways to view and pay their bills.”

Annual report 2025A · The company itself

“For example, the new battery energy storage business we announced in the fourth quarter of 2025 or our efforts to evaluate and implement alternative distribution models and channels for our products and services from those we have traditionally used may be challenged or may not succeed or be as successful as our historical arrangements.”

Annual report 2025A · The company itself

“This minimizes the need for manual intervention and provides faster remediation of threats across environments. •OT Security—The Fortinet Security Fabric enables security for OT systems and Cyber-Physical Systems (“CPS”), including converged IT/OT architectures. Our OT Security Platform is purpose-built to protect the engineered systems that underpin critical infrastructure and supply chains around the world.”

Annual report 2025A · The company itself

“Intelligent Operating Solutions Our Intelligent Operating Solutions segment provides advanced instrumentation, software and services to tens of thousands of customers enabling their mission-critical workflows. These offerings include professional instruments used in applications including maintenance, repair, measurement and condition monitoring, facility and asset lifecycle software applications, connected worker safety and compliance solutions across a range of vertical end markets, including manufacturing, process industries, healthcare, utilities and power, communications and electronics, among others.”

Annual report 2025A · The company itself

“4.5 Toimittajasuhteiden hallinta Fortum on merkittävä tavaroiden ja palvelujen ostaja, mukaan lukien laitosten ja toimipaikkojen käyttöön ja ylläpitoon liittyvät tavarat ja palvelut, polttoaineet sekä tietotekniset ratkaisut ja asiantuntijapalvelut. Hankinnan tavoitteena on mahdollistaa liiketoiminnan vahva suorituskyky ja kestävät hankintaprosessit sekä varmistaa oikeiden materiaalien ja palvelujen saatavuus liiketoimintojen tarpeisiin ja vaatimuksiin.”

Annual report 2025A · The company itself

“Generation-segmentti vastaa Fortumin sähköntuotannosta pääasiassa Pohjoismaissa. Segmenttiin kuuluvat vähäpäästöinen vesi-, ydin-, tuuli- ja aurinkovoimatuotanto sekä kaukolämpöja kaukokylmäliiketoiminta sekä hiilidioksidipäästöjen vähentäminen lämpöliiketoiminnassa.”

Annual report 2025A · The company itself

“Ydintoiminnot Pohjoismaissa koostuvat tehokkaasta vesi-, ydin- ja maatuulivoimaan perustuvasta vähäpäästöisestä sähköntuotannosta sekä sähkön ja kaukolämmön luotettavasta toimituksesta yksityis- ja yritysasiakkaille Suomessa ja Puolassa.”

Annual report 2025A · The company itself

“Tällaisia ovat energian tukku- ja vähittäismyyjät, yleishyödylliset palveluyhtiöt, energian tuotantoyhtiöt, kaupankäyntiyhtiöt, teolliset energian loppukäyttäjät ja rahoituslaitokset.”

Annual report 2025A · The company itself

“We build, modernize, and service power systems to help our customers electrify their operations and economies, meet power demand growth, improve system reliability and resiliency, and navigate the energy transition through limiting and reducing emissions.”

Annual report 2025A · The company itself

“Our Power segment serves power generation, industrial, government, and other customers worldwide with products and services related to energy production. Our products and technologies harness resources such as natural gas, oil, diesel, water, and nuclear to produce electric power and include gas and steam turbines, full balance of plant, upgrade, and service solutions.”

Annual report 2025A · The company itself

“Wind services assists customers in improving cost, capacity, and performance of their assets over the lifetime of their fleets, utilizing digital infrastructure to monitor, predict, and optimize wind farm energy performance.”

Annual report 2025A · The company itself

“Grid Solutions - enables power utilities and industries worldwide to effectively manage electricity from the point of generation to consumption, helping improve the reliability, efficiency, and stability of the grid.”

Annual report 2025A · The company itself

“Segment revenues increased $1.9 billion (10%) organically*, primarily at Gas Power equipment from increased Heavy-Duty Gas Turbine and Aeroderivative deliveries and favorable price, and at Gas Power services due to higher parts volume, contractual services, and favorable price.”

Annual report 2025A · The company itself

“(b) See "—Non-GAAP Financial Measures" for additional information related to Adjusted EBITDA*.”

Annual report 2025A · The company itself

“These channels include retailers, telecom service providers, employee benefit providers, strategic partners, small offices, home offices, and very small businesses.”

Annual report 2026A · The company itself

“This includes data centers, telecommunication, retail, banking, energy, healthcare, convenience stores, grocery stores, restaurants, governments, and other commercial & industrial applications.”

Annual report 2025A · The company itself

“As a result, Goodtech has intensified its focus on strategic advisory services, leading to major transformation projects for companies such as Aker Solutions, Equinor, Vesterålen Marine Olje, Vianode and Moelven.”

Annual report 2024A · The company itself

“In 2024, Goodtech has announced larger transformation projects with Wacker Chemicals (Holla facility), Equinor (Empire Wind windfarm off the New York coast) and Vesterålen Marine Olje’s second cod liver oil facility which dominates the order backlog.”

Annual report 2024A · The company itself

“2010-built Earnings 1Q19 2Q19 3Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 m barrels/d Global Oil Supply Global Oil Demand Seaborne products trade volumes increased by an estimated 2% in 2022 to reach 22.2m barrels/day, with growth supported by underlying gains in global oil demand and refinery throughput, as well as expansion in refinery capacity in key regions. Middle Eastern exports rose by 9% in 2022 to 4.3m barrels/day, on the back of several refinery start-ups, whilst US exports rose by around 10% to 2.7m barrels/ day, largely on the back of strategic inventory releases, rebounding refinery throughput and stronger demand in Latin America.”

Annual report 2022A · The company itself

“In the Middle East, further expansion in refinery capacity and ramp-up of throughput at recent start-ups is expected (e.g. in Kuwait, Saudi Arabia, Oman, Bahrain, Iraq). This will support the clean product segment due to increased export volumes, and long-haul transport and demand from end users.”

Annual report 2022A · The company itself

“Product tankers, which have a special lining in the tank, can carry both refined and unrefined products, including crude oil, fuel oil, vacuum gas oil (dirty products), and gas oil, gasoline, jet fuel, kerosene and naphtha (clean products) as well as edible oils and very light chemical cargo grades.”

Annual report 2022A · The company itself

“The global trading of Hafnia´s Chemical Fleet is overseen from its Dubai office, encompassing a full Chemical Operations, Chartering and Technical team. Team objectives lie in engaging with leading producers, traders, and pool partners to establish further long-term partnerships.”

Annual report 2022A · The company itself

“Globala megatrender som fortsatt befolkningstillväxt och urbanisering ökar dock behovet av energi och infrastruktur, samtidigt som det ställs allt högre krav på säkerhet på tillfälliga arbetsplatser.”

Annual report 2023A · The company itself

“Utbudet av säkerhetsprodukter och -lösningar till projekt säljs före trädelsevis i Europa, och till industrisektorer som infrastruktur, energi, industri samt bygg och anläggning.”

Annual report 2023A · The company itself

“Kundbasen är bred och diversifierad inom branscher som energi, medicinteknik, försvarsindustri, jordbruksmaskiner, returautomater och gruvdrift.”

Annual report 2024A · The company itself

“Safety, Infrastructure & Geospatial (SIG) levererade ett starkt resultat under 2024, med en operativ nettoomsättning på 497,1 MEUR (463,9), vilket återspeglade en organisk tillväxt på 6 %. Tillväxten drevs av fortsatt efterfrågan på mjukvarulösningar inom offentlig säkerhet, energiföretag och geospatiala mjukvarulösningar.”

Annual report 2024A · The company itself

“Our solutions enable OEMs, fleet owners and gas distributors to make the switch to clean energy.”

Annual report 2024A · The company itself

“Our Mobile Pipeline modules are in use as mobile refueling units, for users and industries lacking pipeline infrastructure and as solutions to energy demand, energy security and energy independence challenges.”

Annual report 2024A · The company itself

“Kunderna är i huvudsak den globala fordons- och verkstadsindustrins systemleverantörer, bygg- och anläggningsbranschen och inom sektorer som transport, energi och konsument samt kabelindustrin och tillverkare av medicinteknik, plattvärmeväxlare och truckar.”

Annual report 2024A · The company itself

“HEXGREEN-blandningar fungerar utmärkt i ett antal olika tillämpningar för segment som bilindustrin, bygg och anläggning, energi samt inom allmän industri.”

Annual report 2024A · The company itself

“Leveranserna uppgick 2024 till 1,7 TWh förnybar vatten- och vindkraftsel och inkluderar inköpt vindkraftsel från vindkraftspark uppförd på Holmens mark.”

Annual report 2024A · The company itself

“We globally manage our business operations through four reportable business segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions.”

Annual report 2025A · The company itself

“Engine Products 2025 2024 2023 Third-party sales $ 4,320 $ 3,735 $ 3,266 Segment Adjusted EBITDA 1,438 1,150 Engine Products produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and gas turbine applications.”

Annual report 2025A · The company itself

“That change was driven by $958.3 million of cash used in 2025 to acquire Alliance USAcqCo 2, Inc. ("Ventev"), Nicor, Inc. ("Nicor") and Power Rose Acquisition, Inc. (and together with its subsidiaries, "DMC Power"), as compared to $122.9 million of cash proceeds in 2024 from the disposition of our residential lighting business.”

Annual report 2025A · The company itself

“Recognized for our innovation, quality, and deep commitment to serving our customers for over 135 years, Hubbell is a world-class manufacturer of electrical and utility solutions, with more than 75 brands used around the world. We provide utility and electrical solutions that enable our customers to operate critical infrastructure reliably and efficiently, and we empower and energize communities through innovative solutions supporting energy infrastructure In Front of the Meter, on The Edge, and Behind the Meter.”

Annual report 2025A · The company itself

“The Utility Solutions segment (63% of consolidated revenues in 2025, 64% in 2024 and 61% in 2023) consists of businesses that enable the grid to conduct, communicate and control energy across utility applications. The Utility Solutions segment provides critical components that allow the grid to reliably transmit and distribute energy, as well as the communications and controls technologies to make the grid smarter and more flexible.”

Annual report 2025A · The company itself

“This includes utility transmission & distribution (T&D) components such as arresters, insulators, connectors, anchors, bushings, enclosures, cutouts and switches. The Utility Solutions segment also offers solutions that serve The Edge of the utility infrastructure, including smart meters, communications systems, and protection and control devices.”

Annual report 2025A · The company itself

“On October 1, 2025, the Company acquired DMC Power for approximately $829 million, net of cash acquired, subject to customary purchase price adjustments. DMC Power is a provider of swaged connection systems and tooling for utility substation and transmission markets. DMC Power has been added to the Utility Solutions segment.”

Annual report 2025A · The company itself

“HydrogenPro is the sole supplier of electrolyzer systems to these projects, alongside several other suppliers of different equipment and services.”

Annual report 2024A · The company itself

“HydrogenPro electrolyzer, we can enable customers worldwide to operate large-scale hydrogen production facilities that can store renewable energy and  be achieved with much lower energy consumption compared to other technologies.”

Annual report 2024A · The company itself

“Instead, we aim to diversify our customer base to reduce the potential impact of such technological breakthroughs by being a relevant supplier for several types of end-users.”

Annual report 2024A · The company itself

“The Company’s largest end markets include industrial, life sciences, energy, water, fire suppression, semiconductor, automotive and aviation, chemical, paint dispensing and food and beverage.”

Annual report 2025A · The company itself

“The company manufactures for customers in aerospace, automotive, consumer electronics, data storage and media, defence, green energy, food and vending, industrial controls, automation, medical, oil, gas and mining, power, security, telecom, transport and infrastructure, gaming and other industries.”

Annual report 2025A · The company itself

“We have sales in all major geographic markets and our diverse customer base utilizes our products across a wide array of end-markets, including life sciences, food and beverage production, clean energy, industrial manufacturing, infrastructure, water and wastewater treatment, and many others.”

Annual report 2025A · The company itself

“Our Industries and Products Industrial Technologies and Services Our Industrial Technologies and Services segment designs, manufactures, markets and services a broad range of air compression, vacuum and blower products across a wide array of technologies, as well as other specialized industrial products. Compression, vacuum and blower products are used in a wide spectrum of applications in nearly all manufacturing and industrial facilities and many service and process industries in a variety of end-markets, including clean energy, life sciences, food and beverage production, general manufacturing, infrastructure, and others.”

Annual report 2025A · The company itself

“Rotary vane compressors feature high efficiency, compact compression technology and can be found throughout all sectors of industry, including automotive, food and beverage, energy and 5 Table of Content manufacturing with specialized solutions within transit, gas and snow making.”

Annual report 2025A · The company itself

“The Group focuses on a diverse range of clients for its fleet, primarily large-scale energy operators who seek state-of-the-art assets and a reliable, experienced partner for vessel operations.”

Annual report 2024A · The company itself

“Our Exchanges segment includes trading and listings revenue from our global futures network and the New York Stock Exchange and other registered securities exchanges, or collectively, the NYSE, and various data and connectivity services that are directly related to those exchange platforms.”

Annual report 2025A · The company itself

“In addition, our consolidated feeds business provides data from a broad array of trading venues and news feeds through a common application programming interface, or API. Finally, our desktop solutions support commodity and energy traders, risk managers, financial advisors, wealth managers and retail traders, and include a robust instant messaging, or IM, system that protects the privacy of over 130,000 users, while also enabling greater collaboration.”

Annual report 2025A · The company itself

“Medan 80–85 procent av den totala volymen kommer från banker och finansiella institutioner är cirka 10–15 procent förfallna fordringar från andra typer av bolag, främst inom energi och telekom.”

Annual report 2024A · The company itself

“Servicing erbjuder kredithantering med fokus på sena betalningar samt inkassohantering för främst tredjepartsklienter som behöver hjälp att driva in sena betalningar.”

Annual report 2024A · The company itself

“Vi har omfattande erfarenhet inom sektorer som bank, finans, telekommunikation och energi.”

Annual report 2024A · The company itself

“Intrum har cirka 70000 uppdragsgivare på 20 marknader som täcker fordringar inom bank och finansinstitut, telekom, allmännyttiga företag, e-handel, detaljhandel, försäkring och små och medelstora företag.”

Annual report 2024A · The company itself

“Helägda rörelser Bemsiq Group Caljan Hultafors Group Innovalift Nord-Lock Group Swegon Latour Industries ÖvrigA innehav Latour Future Solutions Delägda innehav Börsportfölj Alimak Group ASSA ABLOY CTEK Fagerhult HMS Networks Nederman Securitas Sweco TOMRA Troax Vision Latours vision är att vara ett hållbart och attraktivt val för långsiktiga investerare som önskar god avkastning.”

Annual report 2024A · The company itself

“LATOUR ÅRSREDOVISNING 2024 61 industrirörelsen Boltight erbjuder precisionslösningar för säker och effektiv bultförspänning inom krävande industrier som energi, offshore och tung industri.”

Annual report 2024A · The company itself

“Kort om Nord-Lock Group Nord-Lock Group fokuserar på kunder inom alla större industrier där kraven på kvalitet och säkerhet är höga och konsekvenserna vid fel skulle vara betydande.”

Annual report 2024A · The company itself

“Produkterna säljs via globala distributörer och återförsäljare, till fler än 50 av världens ledande fordonstillverkare samt genom laddningsoperatörer, fastighetsägare och andra organisationer för att ge tillgång till el-laddningsinfrastruktur.”

Annual report 2024A · The company itself

“Nedermans lösningar skyddar människor, miljö och produktion från skadliga effekter av industriella processer.”

Annual report 2024A · The company itself

“En global ledare inom innovativ teknik och lösningar för marin- och energimarknaderna.”

Annual report 2022A · The company itself

“Our two most important industries, financial services and energy, are well established as the main segments for our international growth, with the Nordic region having solid worldwide attractiveness in these areas.”

Annual report 2024A · The company itself

“The energy sector grew by 9.8%.”

Annual report 2024A · The company itself

“With a global team of approximately 43,000, we provide end-to-end capabilities across advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water.”

Annual report 2025A · The company itself

“Our end-to-end services span advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water.”

Annual report 2025A · The company itself

“The industry coverage and product teams have established expertise in the following sectors: Consumer, Energy, Healthcare, Industrial, Public Sector, Real Estate, and Technology.”

Annual report 2025A · The company itself

“Electronic Industrial Solutions Group EISG serves customers across a diverse set of end markets focused on automotive and energy, semiconductor solutions, and general electronics.”

Annual report 2025A · The company itself

“Our Real Assets business line represents $192 billion of AUM and $163 billion of FPAUM as of December 31, 2025, across infrastructure, real estate and energy. These strategies invest capital for long-term capital appreciation, current income generation, or both.”

Annual report 2025A · The company itself

“Kongsberg Discovery utvikler teknologi for å ivareta bærekraftig forvaltning av havressursene, overvåke klimaendringer og kritisk infrastruktur, og ivareta nasjonal trygghet. Teknologien og løsningene er rettet mot områder som offshoreoperasjoner, fiskeri, havforskning, maritime operasjoner, havbasert energiproduksjon, samt sjøforsvar og marine.”

Annual report 2024A · The company itself

“Kongsberg Digital er et industrielt programvareselskap som optimaliserer måten bedrifter utvikler, opererer og vedlikeholder sine installasjoner og eiendeler på. Vår teknologi bidrar til tryggere, smartere og mer bærekraftige industrier ved å tilgjengeliggjøre og kontekstualisere industrielle data, hovedsakelig innen energi, maritim og fornybar industri.”

Annual report 2024A · The company itself

“Kongsberg Discovery utvikler teknologi for å ivareta en bærekraftig forvaltning av havressursene, overvåke klimaendringer, sikre kritisk infrastruktur og ivareta nasjonal trygghet. Teknologien og løsningene er rettet mot områder som offshoreoperasjoner, fiskeri, havforskning, maritime operasjoner, havbasert energiproduksjon og overvåkning av kritisk infrastruktur, samt sjøforsvar og marinen.”

Annual report 2024A · The company itself

“Kongsberg Digital Kongsberg Digital er en ledende leverandør av digitale løsninger til energisektoren og maritim industri. Digitaliseringen er en viktig bidragsyter for økt effektivitet og reduksjon i klimagassutslipp i disse industriene. "Software as a Service" -løsningene er de viktigste driverne for vekst og det oppleves god etterspørsel etter disse løsningene.”

Annual report 2024A · The company itself

“KONGSBERG samarbeider med globale aktører innenfor forsvars-, energi-, maritim-, fiskeri- og romfartsindustrien.”

Annual report 2024A · The company itself

“Kundene inkluderer selskaper som opererer i prosessindustrier, som olje og gass og fornybar energi.”

Annual report 2024A · The company itself

“Kontrakten med det brasilianske selskapet Corcovado Geosub Ltda er også viktig. Selskapet utfører avansert havbunnsovervåkning, og er blant de største aktørene som kartlegger endringer på havbunnen.”

Annual report 2024A · The company itself

“Vi skal levere forbedret simuleringsteknologi for Sleipner-feltet Vi inngikk en kontrakt med energiselskapet Equinor for å bygge om prosess- og livssyklussimulatorer for Sleipner-feltet ved bruk av K-Spice- og LedaFlow-teknologi. Samarbeidet vil forbedre simuleringskapasiteten i Sleipner-området i Nordsjøen, samtidig som Equinor vil få økt operasjonell effektivitet, styrket opplæring og høyere nøyaktighet i simulatorbasert engineering.”

Annual report 2024A · The company itself

“Start of briquette production Koskisen began producing biofuel briquettes at the briquette plant built in connection with the Järvelä sawmill. At the plant, planer shavings generated as a by-product of sawn timber processing are compressed into briquettes, which are primarily used by heat and power plants. Planer shavings consist of chips and residues generated during the planing of sawn timber.”

Annual report 2025A · The company itself

“Energian osalta maanalisiin kalliotilojen käyttökohteita rakennetaan muun muassa sähkönsiirtoyhteyksille ja -asemille, kaukolämpö- ja jäähdytysvesi järjestelmille sekä energiavarastoille. Myös datakeskusten tekniikkaa sekä konesaleja sijoitetaan usein kalliotiloihin.”

Annual report 2025A · The company itself

“Liikevaihdon jakauma Ympäristönsuojelu Lamor on vuosikymmeniä toiminut strategisena kumppanina paikallisille viranomaisille ja energiayhtiöille toimittaen näille öljyntorjuntateknologiaa sekä auttaen näitä kehittämään ympäristönsuojeluvalmiuksiaan ympäri maailmaa.”

Annual report 2024A · The company itself

“Headquartered in Reston, Virginia, with 47,000, global employees, we pursue strategic growth across five pillars: space and maritime; energy infrastructure; digital modernization and cyber; mission software; and managed health services.”

Annual report 2026A · The company itself

“Our project portfolio spans large-scale energy initiatives across the United States, serving electric utilities, generation owners, and industrial clients. We support utilities and industrial customers in modernizing power delivery systems for enhanced reliability, implementing energy management strategies, advancing vehicle electrification, transforming digital infrastructure, and optimizing operational efficiency to meet evolving energy demands and market expectations.”

Annual report 2026A · The company itself

“In addition, many of Linde’s customers are in businesses that are cyclical in nature, such as the chemicals and energy, and metals and mining end markets. Downturns in these industries may adversely impact Linde during these cycles.”

Annual report 2025A · The company itself

“Cost is mainly related to prices set by Mobile Network Operators and OTT channels.”

Annual report 2024A · The company itself

“A significant portion of LINK’s revenue—approximately 70% —derives from notification-based communication. These notifications play a crucial role in industries such as healthcare, utilities, and logistics, ensuring timely reminders, alerts, updates, and other mission-critical communications.”

Annual report 2024A · The company itself

“Customers: Boardwalk Pipelines serves a broad mix of customers, including end-use customers, such as electric power generators, local distribution companies, industrial and petrochemical users and exporters of LNG. Boardwalk Pipelines also contracts with other customers, including producers and marketers of natural gas and interstate and intrastate pipelines, who, in turn, provide transportation and storage services for end-users.”

Annual report 2025A · The company itself

“I expect increasing demand for ready-to-build projects from industrial companies, utilities and infrastructure investment funds.”

Annual report 2024A · The company itself

“The technical capacity of the portfolio was by year end 1.7 GW split between more than 40 projects. established Hafslund Magnora Sol AS with Hafslund and Helios to develop large-scale solar PV farms in Norway. Magnora and Hafslund own 40 percent each, and Vinci Concessions holds the remaining 20 percent through Helios Nordic Energy AB. Hafslund is Norway’s second largest power producer and wholly or partially owns more than 80 hydropower plants, producing approximately 18 TWh.”

Annual report 2024A · The company itself

“Chemical-grade, high-calcium limestone is used as a desulfurization material in coal-fired power generation facilities.”

Annual report 2025A · The company itself

“We have designed and built our own data centers and key portions of our technical infrastructure through which we serve our products, and we plan to continue to significantly expand the size of our infrastructure primarily through data centers, subsea and terrestrial fiber optic cable systems, and other projects.”

Annual report 2025A · The company itself

“The EU Council has been working to expand renewable energy use, reduce consumption, and diversify energy sources due to reduced Russian energy supplies as a result of the war between Ukraine and Russia. This may impact energy availability and costs in Europe and could impact our European manufacturing operations and demand for our products in Europe.”

Annual report 2025A · The company itself

“Table of Contents Process Analytics Our process analytics business provides instruments for the in-line measurement of liquid and gas parameters used primarily in the production process of pharmaceutical, biotech, beverage, micro-electronics, chemical, and refining companies, as well as power plants.”

Annual report 2025A · The company itself

“Flow Technology växte med ökad efterfrågan från bland annat kunder inom el- och värmeproduktion.”

Annual report 2024A · The company itself

“Infrastruktur, kraftproduktion, och vatten och avlopp (VA) är områden där underhållsbehov och krav på modernisering driver efterfrågan på våra produkter och tjänster. Den ökande underhållsskulden i infrastrukturen, tillsammans med krav på effektivisering, närproducerade lösningar och ett ökat fokus på säkerhetsperspektiv, skapar ytterligare affärsmöjligheter.”

Annual report 2024A · The company itself

“Nettoomsättning, Mkr 1 728 1 610 +7% EBITA, Mkr 232 221 +5% Antal anställda 431 429 EBITA (2023: 221 MSEK) +5% Nettoomsättning per kundsegment Metall och gruva 18% Papper och massa, såg 15% Övrig tillverkning 11% Fordon 10% Läkemedel och medicinteknik 4% Livsmedel 4% El- och värmeproduktion 2% Försvar 2% Andra industrisegment 22% Övriga sektorer 12% Nettoomsättning per produkt- och tjänsteområde Produkter 92% Lager 25% Tekniska tätningar och industrigummi 17% Hydralik och pneumatik 14% Transmission 13% Pumpar, elmotorer och växlar 5% Smörjning och kemikalier 4% Maskin och system 4% Andra komponenter 10% Tjänster 8% Reparationer och renovering 6% Relaterade tjänster (t ex utbildning och installation) 2% Nettoomsättning per affärsenhet  75% Specialist 25% Affärsområden Power Transmission, som utgörs av bolaget Momentum Industrial, är Nordens marknadsledande leverantör av industrikomponenter och tjänster med fokus på industriförbättringar till eftermarknaden.”

Annual report 2024A · The company itself

“Bolagen inom affärsområde Infrastructure erbjuder produkter, tjänster och lösningar till kunder inom industriell infrastruktur som är kritiska för ett fungerande samhälle. Bolagen är återförsäljare och serviceföretag samt levererar ofta kompletta lösningar med fokus på säker drift, längre livslängd, ökad effektivitet och precis mätbarhet.”

Annual report 2024A · The company itself

“Markedssituationen for nybyggeri forventes at fortsætte uændret i 2026, og det samme gælder for anlæg, især inden for energisektoren, vejanlæg, havne og klimasikring. De kommende store offentlige infrastrukturinvesteringer vil også bidrage til høj aktivitet, og derfor fortsætter MT Højgaard Danmark investeringerne i kompetencer og maskinel til denne type opgaver.”

Annual report 2025A · The company itself

“Increased activity within defence and energy and industry had a positive impact in the market.”

Annual report 2024A · The company itself

“Multiconsult Norge AS signed a call-off option with Equinor for the grid connection providing electrification of Hammerfest LNG.”

Annual report 2024A · The company itself

“Our role in energy transmission infrastructure is vital for industrial development, and we have reinforced our position as a leader in the energy transition through numerous projects. This includes upgrading Norway's transmission grid and projects regarding renewable energy initiatives.”

Annual report 2024A · The company itself

“Energy & Industry includes planning and construction of industrial facilities and installations, which in addition to traditional industrial developments, includes onshore aqua-culture facilities, hydropower and dams as well as wind and solar power generation. The portfolio also covers electrical grid distribution and transmission.”

Annual report 2024A · The company itself

“To streamline the organisation and optimise utilisation of the capability, operational activities are organised in four reporting segments: • Region Oslo • Region Norway • Architecture • International Operation covers four business areas across all four reporting segments: Building & Properties, Mobility & Transportation, Energy & Industry, and Water & Environment. A full description of the group’s business areas can be found in note 5 in the consolidated annual accounts.”

Annual report 2024A · The company itself

“Iterio AB continues to win important agreements with key clients, including call offs on the framework agreement with Stockholm Vatten och Avfall.”

Annual report 2024A · The company itself

“Förutom vår största partner Tickster, som säljer evenemangsbiljetter runt om i Sverige och Norge, där vi levererar en avbeställningsförsäkring, har vi också glädjen att i början av 2025 skriva avtal med Mölndals Energi om försäkringar som täcker kostnaden för elräkningen om du blir sjuk eller arbetslös.”

Annual report 2024A · The company itself

“Vi har även kunder i branscher som flygteknik, försvar, fordonsindustri, datakommunikation, medicin, energi, järnväg, säkerhetskritiska sektorer och telekom.”

Annual report 2024A · The company itself

“Fokus ligger på industrisegment med stor miljöpåverkan som metallbearbetning, fiberindustri och energiproduktion.”

Annual report 2024A · The company itself

“Netcompany’s Infrastructure vertical leads the digital transformation of Infrastructure in broader terms, including transportation and logistics, supporting businesses in optimising operations and adapting to changing market demands. Our real-time data engines and control towers provide a single source of truth, enabling seamless integration of planning, execution, and results.”

Annual report 2025A · The company itself

“Alongside transport and logistics, we enable innovation in energy & utilities, helping energy suppliers, e-Mobility, waste management, telecoms, and wind power companies modernise legacy systems and accelerate their transition to data-driven, customer-centric operations.”

Annual report 2025A · The company itself

“Inom Kraft samarbetar vi främst med energibolag, både privat och offentligt ägda.”

Annual report 2024A · The company itself

“Kunderna är kommunala och privata ägare av infrastruktur inom energi, vatten, avlopp och miljö samt fastighets- och byggföretag.”

Annual report 2024A · The company itself

“Bland kunderna finns bland andra E.ON, Svenska Kraftnät, Vattenfall Eldistribution samt många kommunala elbolag och byggföretag.”

Annual report 2024A · The company itself

“Dessutom valde Elvia, som är en del av ledande Eidsiva Energi, att utöka samarbetet till ett större geografiskt område.”

Annual report 2024A · The company itself

“•Dow Jones Energy. Dow Jones Energy provides pricing data, news, analysis, consulting, software and events relating to energy commodities, including crude oil, refined products, petrochemicals, natural gas liquids, coal, metals, renewables, Renewable Identification Numbers and carbon credits, as well as electric vehicle charging station data and pricing data, insights, analysis and forecasting for key base chemicals. •Factiva.”

Annual report 2026A · The company itself

“Business OVERVIEW NEE is one of the largest electric power and energy infrastructure companies in North America. As of December 31, 2025, NEE had approximately 80 gigawatts of net generation and storage capacity from a diverse portfolio of assets, primarily including natural gas, wind, solar and nuclear generation facilities and battery storage facilities.”

Annual report 2025A · The company itself

“NEER NEER, one of the largest energy infrastructure developers in the U.S., is comprised of NEE's competitive energy and regulated transmission businesses. NEER is a diversified energy business with a strategy that emphasizes the development, construction and operation of long-term contracted generation facilities and builds and owns regulated electric and gas transmission assets.”

Annual report 2025A · The company itself

“NEER primarily sells its capacity and/or energy output through long-term power sales and battery storage tolling agreements with utilities, retail electricity providers, power cooperatives, municipal electric providers and commercial and industrial customers.”

Annual report 2025A · The company itself

“Information related to contracted generation assets as of December 31, 2025 was as follows: •represented approximately 35,627 MW of total net generating capacity; and •weighted-average remaining contract term of the power sales agreements of approximately 14 years, primarily based on forecasted contributions to earnings.”

Annual report 2025A · The company itself

“Table of Contents Other Operations Customer Supply – NEER provides commodities-related products to customers, including municipal utilities and cooperatives, engages in energy-related commodity marketing and trading activities and includes the operations of a retail electricity provider and ownership interests in natural gas and oil shale formations located primarily in the South region of the U.S.”

Annual report 2025A · The company itself

“A majority of NEER's revenues are derived from sales of energy, capacity, credits and ancillary products under long-term PPAs to customers located in wholesale electricity markets.”

Annual report 2025A · The company itself

“Columbia Operations provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.”

Annual report 2025A · The company itself

“NIPSCO Gas NIPSCO Gas distributes natural gas to approximately 0.9 million customers in northern Indiana.”

Annual report 2025A · The company itself

“NIPSCO Electric We generate, transmit and distribute electricity to approximately 0.5 million customers in 20 counties in the northern part of Indiana.”

Annual report 2025A · The company itself

“We are an energy holding company under the Public Utility Holding Company Act of 2005 whose primary subsidiaries are fully regulated natural gas and electric utility companies serving customers in six states. We generate substantially all of our operating income through these rate-regulated businesses, which are summarized for financial reporting purposes into two primary reportable segments: Columbia Operations and NIPSCO Operations.”

Annual report 2025A · The company itself

“approximately 95% of the orders are with large European Transmission System Operators.”

Annual report 2025A · The company itself

“two awarded to us by EnBW, one of Germany’s largest DSOs.”

Annual report 2025A · The company itself

“As a reliable partner for utilities, developers, and industries worldwide, NKT enables customers to reach their sustainability commitments”

Annual report 2025A · The company itself

“Looking at the composition of the order backlog by customer type, approximately 95% of the orders are with large European Transmission System Operators.”

Annual report 2025A · The company itself

“Within the public sector, we secured major long term contracts with Energinet, Sundhedsdatastyrelsen, Digitaliseringsstyrelsen, and Styrelsen for It og Læring, strengthening NNIT’s role in national digital infrastructure and reaffirming our position as a trusted strategic partner.”

Annual report 2025A · The company itself

“The Group also supports energy producers and energy transmission and distribution, manufacturers and heavy industries in optimising processes.”

Annual report 2024A · The company itself

“Vi erbjuder finansiella tjänster som hjälper våra kunder att framtidssäkra sin verksamhet och skapa konkurrensfördelar, samtidigt som de är anpassade efter de förhållanden som påverkar kundens marknad eller sektor. Vi samarbetar nära med våra stora företagskunder för att stötta deras omställningsprocess, genom våra ex pert kunskaper och skräddarsydda finansieringslösningar.”

Annual report 2025A · The company itself

“I Large Corporates & Institutions tillhandahåller vi en rad finansiella lösningar till stora nordiska företag och institutionella kunder.”

Annual report 2025A · The company itself

“Reach Subsea ASA (“Reach Subsea”) is a company listed on Oslo Stock Exchange which has the objective to become a leading subsea service provider, offering solutions to survey the seabed and solutions for maintaining the integrity of the client’s subsurface equipment and infrastructure.”

Annual report 2024A · The company itself

“A technology qualification program was entered into with Equinor, TotalEnergies, and several other energy companies. Through this program, the participating energy companies will fund execution of several subsea work scopes utilising Reach Remote, thereby qualifying the solution.”

Annual report 2024A · The company itself

“After year-end, the Company made a new investment in senior secured bonds issued by Petrofac Limited (“Petrofac”). Petrofac is a UK listed energy services company that delivers services and EPC projects to energy clients globally.”

Annual report 2024A · The company itself

“Investment in Wind Catching Systems AS Wind Catching Systems AS (“Wind Catching Systems”) is a developer of floating offshore wind technology and intends to enable offshore wind operators and developers to produce electricity at a cost that competes with other energy sources, without subsidies.”

Annual report 2024A · The company itself

“NOTE delar in sin försäljning i fyra kundsegment. En beskrivning av dessa finns under Detta är NOTE, på sidan 2.”

Annual report 2024A · The company itself

“Biosolutions help keep clothes clean with lower energy and water use, and they enable the production of homegrown and more sustainable fuels that make societies more resilient.”

Annual report 2025A · The company itself

“Organic sales growth 74 % of divisional sales 7 % Organic sales growth 35 % of divisional sales 10 % Organic sales growth 26 % of divisional sales 6 % Organic sales growth 65 % of divisional sales 35.8 % Adjusted EBITDA margin 45 % of total sales 6 % Organic sales growth 38.2 % Adjusted EBITDA margin Business Our business model This page contains CSRD disclosure requirement: SBM-1.”

Annual report 2025A · The company itself

“Growth was driven by Energy and supported by Agriculture and Tech. Performance in Energy was driven by strong growth in Latin America and Asia Pacific, predominantly India, reflecting increased capacity for ethanol production. Solid growth in North America was driven by adoption of innovation and growing ethanol production volumes, supported by continued expansion of ethanol exports.”

Annual report 2025A · The company itself

“We have identified significant opportunities in new markets such as energy, water, and defense, also influenced by the political situation. The market outlook remains strong, with high investments from Nordic governments to upgrade and maintain critical infrastructure.”

Annual report 2024A · The company itself

“Together with continued transition towards larger contracts that enable improved utilisation and margins, these will support protable growth in the existing and new markets tied to energy, water and defence.”

Annual report 2024A · The company itself

“Customers NRG sells to a wide variety of customers, primarily end-use customers in the residential, commercial and industrial, and wholesale sectors. The Company owns and operates power plants to generate and sell power to wholesale customers, such as utilities and other intermediaries.”

Annual report 2025A · The company itself

“The Company owns Direct Energy Regulated Services, which serves as a regulated rate supplier for residential and commercial energy customers in portions of the province of Alberta.”

Annual report 2025A · The company itself

“Demand for most of our products is cyclical in nature and sensitive to general economic conditions. Our business supports cyclical industries, such as the construction, energy, metals service centers, appliance and automotive industries.”

Annual report 2025A · The company itself

“Demand was strong in several key end markets, including infrastructure, data centers, energy, and advanced manufacturing, while interest rate sensitive markets such as automotive and residential construction experienced softer conditions.”

Annual report 2025A · The company itself

“In this segment, our downstream commodity sales customers are primarily utilities, large industrial companies, marketing companies and our NGL affiliate.”

Annual report 2025A · The company itself

“Natural Gas Liquids - Our Natural Gas Liquids segment’s counterparties are primarily NGL and natural gas gathering and processing companies; major and independent crude oil and natural gas production companies; utilities; large industrial companies; natural gasoline distributors; propane distributors; municipalities; and petrochemical, refining and marketing companies.”

Annual report 2025A · The company itself

“Natural Gas Pipelines - Our Natural Gas Pipelines segment’s customers are primarily local natural gas distribution companies, electric-generation facilities, large industrial companies, municipalities, producers, processors and marketing companies.”

Annual report 2025A · The company itself

“The major market verticals served by our Diversified Industrial Segment are listed below: •Aerospace & Defense •Off-highway •In-plant & Industrial Equipment •Energy •Transportation •HVAC & Refrigeration Our Aerospace Systems Segment sells highly engineered, differentiated airframe and engine components and systems to OEMs and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals.”

Annual report 2026A · The company itself

“Markets Our interconnected technologies and solutions provide value for customers across our market verticals including aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration.”

Annual report 2026A · The company itself

“God aktivitet inden for projekter drevet af den grønne omstilling, fx konvertering fra naturgas til fjernvarme.”

Annual report 2025B · From the report

“• Høj vækst som følge af stor efterspørgsel på koncernens tekniske ydelser med høj aktivitet i hospitals-, medicinal- og forsyningssektorerne. • EBIT som forventet på et højt niveau, og den positive udvikling fastholdes. • Ulykkesfrekvensen er faldet.”

Annual report 2025A · The company itself

“Højt aktivitetsniveau på projekter for medicinalindustrien og forsyningsselskaberne. – Stor efterspørgsel på kompetencer og ydelser inden for især rustfrie rørinstallationer, renovering af vandværker og udførelse af industrielle varmepumper.”

Annual report 2025A · The company itself

“Normal aktivitet på forsyningsområdet i Danmark. I løbet af regnskabsåret er en række rammeaftaler med forsyningsselskaber genvundet.”

Annual report 2025A · The company itself

“The end customers are energy companies, drilling contractors or energy service companies.”

Annual report 2024A · The company itself

“In addition, this segment exports liquefied petroleum gas (LPG) to global markets.”

Annual report 2025A · The company itself

“Trots de faktorer som gynnar marknadsstabiliteten, har den senaste tidens geopolitiska och ekonomiska utveckling – med den kraftiga ökningen av energipriserna, den allmänna inflationen och de stigande räntorna samt osäkerheten på marknaden – påverkat kundernas efterfrågan negativt inom våra kategorier.”

Annual report 2024A · The company itself

“I segmentet för kraftproduktion har vi har sett en ökad aktivitet på marknaden. Många företag och myndigheter har insett att de behöver ett säkert och pålitligt kraftproduktionssystem som också är hållbart. Till exempel data-, telekom- och fastighetsbolag är intresserade av tillförlitliga reservkraftsystem utan utsläpp.”

Annual report 2024A · The company itself

“Inom segmentet Power Generation mottogs under året en första order på bränslecellssystemet VS5, avsett för användning i en kommersiell applikation. Beställare var ColGar Energy Ltd. och ordervärdet uppgick till cirka 35 MSEK.”

Annual report 2024A · The company itself

“BUSINESS General (All Registrants) PPL, headquartered in Allentown, Pennsylvania, is a utility holding company, incorporated in 1994. PPL, through its regulated utility subsidiaries, delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.”

Annual report 2025A · The company itself

“PSEG Power sells wholesale natural gas, primarily through a full-requirements BGSS contract with PSE&G to meet the needs of PSE&G’s default gas supply service customers.”

Annual report unknown yearA · The company itself

“PSEG LI has an OSA with LIPA to operate LIPA’s electric T&D system in Long Island which was recently extended through 2030.”

Annual report unknown yearA · The company itself

“Vår verksamhet bedrivs inom följande segment: ENTREPRENAD SVERIGE Andel av koncernens % Vår verksamhet omsätning 39 ENTREPRENAD UTLAND % Andel av koncernens omsätning 4 TRANSPORT SKANDINAVIEN Andel av koncernens % omsätning 55 MASKIN OCH TEKNIK Andel av koncernens % omsätning 2 Kurt Boström, installatör Entreprenad Sverige Entreprenad Utland Transport Skandinavien Maskin och Teknik → VERKSAMHETEN AKTIEN FÖRVALTNINGSBERÄTTELSE HÅLLBARHETSRAPPORT FINANSIELLA RAPPORTER, NOTER ÖVRIGT Lokverkstad i Pitkäjärvi Reparation och underhåll Entreprenadtransporter Maskin-, slipers och makadamtransporter Godstransporter Malmtransporter åt Kaunis Iron och LKAB Verkstad i Skelleſtehamn Maskinutveckling, byggnation och underhåll Huvudkontoret ligger i Skelleſtehamn.”

Annual report 2024A · The company itself

“Ratos4 Om Ratos Affärsområden Rapporter Övrigt Om Ratos I affärsområdet Construction & Services är fokus att bygga och underhålla ett hållbart samhälle. Affärsområdet är även det indelat i två segment – Critical Infrastructure där tjänste erbjudandet består av underhåll av väginfrastruktur samt elektrifiering och energi lösningar, samt Construction Services där samhällsbyggnad är i fokus.”

Annual report 2024A · The company itself

“EBITA-marginal, justerad 10,0% (9,1%) Avkastning på sysselsatt kapital (ROCE) 11,4% (10,9%) Affärsområdeschef: Anders Slettengren Industry33 Om Ratos Rapporter Övrigt Affärsområden Construction & Services Affärsområdets fokus är att bygga och underhålla ett hållbart samhälle. Tjänsteerbjudandet består i huvudsak av underhåll av infrastruktur inom järnväg, väg och energilösningar (Critical Infrastructure), samt uppförande av nya samhällskritiska byggnader som sjukhus, skolor, polishus och regeringsbyggnader i Norden (Construction Services).”

Annual report 2024A · The company itself

“In 2024, approximately one-third of our revenue came from projects in the Renewable/Other sector, with the remaining two-thirds from Oil & Gas-related projects.”

Annual report 2024A · The company itself

“Bland annat finns det utrymme att växa inom energisektorn.”

Annual report 2024A · The company itself

“Under 2024 stärkte vi vår position inom energisektorn genom att förvärva Solvina, ett ledande energikonsultföretag med omfattande kompetens inom det växande kärnkraftsområdet.”

Annual report 2024A · The company itself

“Rejlers skapar värde i energivärdekedjan, och tillsammans med våra kunder möjliggör vi en hållbar och effektiv omställning av de globala energisystemen.”

Annual report 2024A · The company itself

“Våra 3300 experter inom energiomställning, industriomvandling och framtidssäkrade samhällen hjälper företag, offentliga myndigheter och andra organisationer att möta dagens globala hållbarhetsutmaningar.”

Annual report 2024A · The company itself

“Efterfrågan inom infrastruktur har varit stabil och områden som energiomställning och stora delar av industrin uppvisar stark tillväxt. Särskilt försvars-, energi- och kemiindustrin framträder som sektorer med en fortsatt positiv utveckling.”

Annual report 2024A · The company itself

“Major markets served by all segments consist of discrete end markets (e.g., Automotive including Electric Vehicle and Battery, Semiconductor, and e-Commerce & Warehouse Automation), hybrid end markets (e.g., Food & Beverage, Life Sciences, and Tire), and process end markets (e.g., Energy, Mining, and Chemicals).”

Annual report 2025A · The company itself

“Rockfon Europe & Asia and Rockpanel performed well, while revenue in Grodan continued to decline compared to Q4 2024.”

Annual report 2025A · The company itself

“Neptune – water meters, enabling water utilities to remotely monitor their customers utilizing Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI) technologies, and cloud-based software supporting meter data management and utility billing.”

Annual report 2025A · The company itself

“The capital markets include asset managers, investment banks, commercial banks, insurance companies, exchanges, trading firms and issuers; the energy and commodity markets include producers, consumers, traders and intermediaries within energy, chemicals, shipping, metals, carbon and agriculture; and the automotive markets include manufacturers, suppliers, dealerships, service shops and customers.”

Annual report 2025A · The company itself

“The energy and commodity markets include producers, consumers, traders and intermediaries within energy, chemicals, shipping, metals, carbon and agriculture.”

Annual report 2025A · The company itself

“Consolidation of customers, reduced staffing levels of customers or reduced spending by customers could have a material adverse effect on our business, financial condition or results of operations. •Our businesses have a customer base which is largely comprised of members from the corporate, financial services, energy and commodities, and automotive industries.”

Annual report 2025A · The company itself

“Sanoma’s printed products are produced either in its own operations, i.e., newspaper printing houses in Finland, or by upstream printing suppliers used for books and magazines. This exposes Sanoma to environmental impacts through the use of resources.”

Annual report 2025A · The company itself

“Third-party suppliers in Sanoma’s value chain include, among others, technology solution and service providers, paper, print and logistics suppliers as well as content providers for both Learning and Media Finland. Sanoma’s daily business is dependent on its ability to identify sources of supply that meet its standards, although Sanoma is not dependent on any individual suppliers.”

Annual report 2025A · The company itself

“Scanfil purchases certificates of renewable electricity. Suppliers are trusted by Scanfil, as recognized suppliers from the respective areas where Scanfil has business.”

Annual report 2025A · The company itself

“Scanfil serves customers in Energy & Cleantech by manufacturing energy- and environmentally related products within energy production, infrastructure and efficiency, as well as carbon capturing, emission control and waste management which all contribute to minimizing climate change.”

Annual report 2025A · The company itself

“The Energy & Cleantech turnover increased by 3.7% in the full year. New customer projects won totaled EUR 83.2 million, an increase of 12.7% from the last year. We see a positive trend.”

Annual report 2025A · The company itself

“It caters to leading companies in the Industrial, Energy & Cleantech, and Medtech & Life Science sectors.”

Annual report 2025A · The company itself

“Power Production The Power Production segment manages the Group’s power-producing assets and derives its revenue from the production and sale of solar, wind, and hydro generated electricity mainly based on long-term Power Purchase Agreements or feed-in-tariffs.”

Annual report 2024A · The company itself

“Securitas bidrar till ett säkrare och mer hållbart och produktivt samhälle genom att skydda arbetsplatser, offentliga platser och infrastruktur på ett ansvarsfullt sätt.”

Annual report 2024A · The company itself

“BUSINESS OVERVIEW We are a holding company whose principal businesses are regulated utilities in California and Texas. Our businesses invest in and operate electric and gas utilities and other energy infrastructure that provide energy services to customers.”

Annual report 2025A · The company itself

“For example, a global energy company implemented a suite of our Technology products, including IT Operations Management (“ITOM”), IT Service Management (“ITSM”), and Risk Management (“RM”), along with Now Assist, to consolidate multiple employee portals into a single AI-powered portal serving over 50,000 employees in more than 10 languages.”

Annual report 2025A · The company itself

“The largest customer groups are the municipal sector, state organizations, construction companies, housing companies, real estate companies and real estate investors, as well as operators in the forestry, energy and industrial sectors.”

Annual report 2025A · The company itself

“In the private sector, key clients include construction companies and industrial and energy sector companies.”

Annual report 2025A · The company itself

“Key wins during the year included a project management framework agreement with Gasgrid, the extension of the Vantaa light rail project with alliance partner, updating Länsirata Oy’s (West Rail) Lohja–Salo railway plan with alliance partner, and a major road design project for national highway 8.”

Annual report 2025A · The company itself

“Sales efforts will remain on segments showing above average demand, such as industry, energy and data centers, public-sector properties, and defense and security critical sites.”

Annual report 2025A · The company itself

“Customer risks The Sitowise Group's largest customer groups are the public sector, construction, real estate and housing companies as well as forestry and energy sector players.”

Annual report 2025A · The company itself

“Divisionen tillhandahåller rådgivningsdrivna affärs- och investment banktjänster till 2000 storföretagskunder och 1100 institutioner. Vi har varaktiga kundrelationer inom ett brett spektrum av branscher.”

Annual report 2024A · The company itself

“För att kunna tillgodose det här specifika kravet har Skanska USA utvecklat ett stort team som ansvarar för kvalitetskontroll och löpande driftsättning. Vi bygger och utrustar också datacenter på andra marknader, till exempel Gromstul i Skiens kommun, i Norge, och Telehouse i London, Storbritannien.”

Annual report 2024A · The company itself

“Krav på nollutsläpp i hela värdekedjan. • Nya affärsmodeller: Cirkulär ekonomi kräver förändringar i affärsmodellen. • Energi: Ökad volatilitet och högre priser. • Ny teknik: Ställer krav på ökade investeringar. • Biobränsle: Förändrade och utökade styrmedel för biobränslen kan påverka tillgången av biobränsle och en bristsituation kan uppstå.”

Annual report 2024A · The company itself

“Solteq Plc Vuosikertomus 2025 1 Sisällysluettelo Solteq lyhyesti 2 Toimitusjohtajan katsaus 4 Selvitys hallinto- ja ohjausjärjestelmästä 5 Palkitsemisraportti 19 Hallituksen toimintakertomus 23 Tunnusluvut 37 Tilinpäätös 42 Tilintarkastuskertomus 110 Vuosikertomus 2025 2 Solteq lyhyesti Solteq tarjoaa ohjelmistoratkaisuja ja IT-asiantuntijapalveluita energiasektorille, kaupan alalle sekä sähköisen kaupankäynnin tarpeisiin.”

Annual report 2025A · The company itself

“Utilities-segmentin taloudellista suoriutumista rasitti ensimmäisten kolmen vuosineljänneksen ajan jatkunut konsultointiliiketoiminnan heikko laskutusaste.”

Annual report 2025A · The company itself

“Solventum depends on various components, compounds, raw materials and energy (including oil and natural gas and their derivatives) supplied by others for the manufacturing of its products.”

Annual report 2025A · The company itself

“Videre skal vi jobbe for at kundene og driften vår er så energieffektiv som mulig, samtidig som vi skal finansiere 100 prosent fornybar energi i utlånsporteføljen vår. Bærekraftsstrategien styrer hvordan vi jobber med klimagassutslippene og de fem overordnede strategiske satsningsområdene: 1.”

Annual report 2024A · The company itself

“Disse lånene går til en rekke bransjer: • eiendomsdrift 13,5 prosent • jord og skogbruk 3,8 prosent • offentlig forvaltning 2,8 prosent • bygg og anlegg 3,1 prosent • industri/kraft og vannforsyning 2,5 prosent • øvrige 3,1 prosent Finans Østlandet kjøretøy og driftsmidler SpareBank 1 Finans Østlandets aktiviteter består av leasing og utlån til privatkjøp av kjøretøy, inkludert grønne billån til elektriske kjøretøy, samt leasing og utlån til bedriftsmarkedet på kjøretøy og driftsmidler.”

Annual report 2024A · The company itself

“Fornybar energi 100 % av energi porteføljen skal være fornybar 100 % Alle bankens utlån til energi og kraftproduksjon er knyttet til fornybar energi, i hovedsak vannkraft og en mindre andel sol og vindenergi. ISS Second Party Opinon (SPO) på vårt grønne obligasjonsrammeverk bekrefter at bankens fornybarenergiportefølje er like som taksonomikriteriene.”

Annual report 2024A · The company itself

“Sparebanken Vest skal finansiere fornybar energi. Banken startet satsingen på utlån til småkraftverk i 2002 og har i stor grad finansiert småkraftverk med lokale grunneiere. De siste årene har det vært konsolideringen i bransjen, med få og større aktører bak de fleste nye kraftverk som blir bygd. Bankens bransjemål for småkraft er relatert til vekst i porteføljen, da det grønne skiftet er avhengig av nok grønn energi.”

Annual report 2024A · The company itself

“Stolthaven Terminals’ revenue increased by $8.2 million to $308.0 million in 2024, from $299.8 million in 2023. Storage rental revenue increased by 2.1%, as a result of higher average rental rates, despite a decrease in the average utilisation rate to 90.8% in 2024, down from 96.7%.”

Annual report 2024A · The company itself

“We anticipate a growing market opportunity related to our energy efficient temperature-controlled warehouse and locker solutions with higher energy prices and higher temperatures.”

Annual report 2024A · The company itself

“Vi erbjuder våra tjänster inom olika delar av kärnkraftens livscykel, från nybyggnation till slutförvaring. Våra lösningar minskar både risker och kostnader för kärntekniska anläggningar och för det radioaktiva avfallet.”

Annual report 2024A · The company itself

“KARL THEDÉEN VD OCH KONCERNCHEF Vi investerar för framtida tillväxt Koncernens verksamhet Studsvik levererar tjänster till den internationella kärnkraftsindustrin och till tillverkare av medicinska isotoper. Kunderna utgörs främst av kärnkraftverk och leve ran törer till kärnkraftsindustrin. Tjänsterna sträcker sig över kärnkraftverkets hela livscykel och innefattar bl a avfallshantering, ingenjörstjänster, bränsleoptimering samt materialfrågor rörande bränsle och konstruktionsmaterial.”

Annual report 2024A · The company itself

“These customers represent a diverse set of market verticals including enterprise data centers, cloud computing, AI, 5G and edge computing markets.”

Annual report 2026A · The company itself

“Our Ansys® solutions portfolio is widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia, including high-tech, aerospace and defense, automotive, energy, industrial equipment, materials and chemicals, consumer products, healthcare and construction.”

Annual report 2025A · The company itself

“It is also used in low-frequency applications such as electromechanical systems, automotive components, industrial electric motors and power electronics equipment.”

Annual report 2025A · The company itself

“End-users of residue gas include large commercial and industrial customers, as well as natural gas and electric utilities serving individual consumers. We sell our residue gas either directly to such end-users or to marketers into intrastate or interstate pipelines, which are typically located in close proximity or with ready access to our facilities.”

Annual report 2025A · The company itself

“Comprehensive package of midstream services We provide a comprehensive package of services to natural gas and crude oil producers. These services are essential to gather, treat, process, purchase and sell and transport wellhead gas to meet pipeline standards; extract, transport and fractionate NGLs for sale into petrochemical, industrial, commercial and export markets; and gather and/or purchase and sell crude oil. We believe that our ability to offer these integrated services provides us with an advantage in competing for new supplies because we can provide substantially all of the services that producers, marketers and others require for moving natural gas, NGLs and crude oil from wellhead to market on a cost-effective basis.”

Annual report 2025A · The company itself

“Our fractionation assets are primarily located in key NGL market centers and are near and connected to key consumers of NGL products, including the petrochemical and industrial markets. Our logistics assets, including fractionation facilities, storage wells, our low ethane propane de-ethanizers, and our Galena Park Marine Terminal and related pipeline systems and interconnects, include connections to a number of mixed NGL (“mixed NGLs” or “Y-grade”) supply pipelines, storage, interconnection and takeaway pipelines and other transportation infrastructure.”

Annual report 2025A · The company itself

“Refinery Services In our refinery services business, we typically provide NGL balancing services through contractual arrangements with refiners in several locations to purchase and/or market propane and to supply butanes. We use our commercial transportation assets (discussed below) and contract for and use the storage, transportation and distribution assets included in our Logistics and Transportation segment to assist refinery customers in managing their NGL product demand and production schedules. This includes both feedstocks consumed in refinery processes and the excess NGLs produced by other refining processes.”

Annual report 2025A · The company itself

“We provide fee-based transportation services to refineries and petrochemical companies throughout the Gulf Coast area.”

Annual report 2025A · The company itself

“We sell our natural gas, NGLs and condensate to a variety of purchasers.”

Annual report 2025A · The company itself

“Energy (17% of segment’s net sales)—Our products are used by electric power utilities, OEMs, and engineering procurement construction companies serving the electrical power grid and renewables industries. They include a wide range of insulation, protection, and connection solutions for electrical power generation, transmission, distribution, and industrial markets.”

Annual report unknown yearA · The company itself

“We manufacture torque sensors and automatic data acquisition systems that are used to test critical control valves in nuclear power and industrial plants.”

Annual report 2025A · The company itself

“Teledyne Brown Engineering, Inc. and other Teledyne companies manufacture components for customers in the nuclear power market, including utilities and certain governmental entities.”

Annual report 2025A · The company itself

“Segment Networks erbjuder hårdvaru- och mjukvarulösningar samt relaterade tjänsteerbjudanden som gör det möjligt för leverantörer av kommunikationstjänster att utveckla nya 5G-funktioner.”

Annual report 2024A · The company itself

“Av en kundbas om drygt 500 kunder, i första hand leverantörer av kommunikationstjänster, står de 10 största kunderna för 44 % (43 % under 2023 och 50 % under 2022) av omsättningen. Dessa kunder rapporterades under segment Networks och Cloud Software and Services.”

Annual report 2024A · The company itself

“Affärssegment Segmentet Networks utvecklar och distribuerar infrastruktur för mobilnät till leverantörer av kommunikationstjänster, som använder näten för att tillhandahålla telekommunikationstjänster till konsumenter och företag.”

Annual report 2024A · The company itself

“Segmentet Cloud Software and Services tillhandahåller digitala lösningar till leverantörer av kommunikationstjänster för att driva och optimera prestandan i deras nätverk, med fokus på att hjälpa kunder att övergå till molnverksamhet och automatiserade nätverk.”

Annual report 2024A · The company itself

“Tiszaújváros främst leverantörer av kommunikationstjänster, för 44 % (43 %) av nettoomsättningen.”

Annual report 2024A · The company itself

“Telesten tärkeimmät markkina-alueet ovat Eurooppa ja Pohjois-Amerikka, ja pääasiakasryhmiä ovat teleoperaattorit, julkisen turvallisuuden toimijat sekä liikenne- ja infrastruktuuriyhtiöt.”

Annual report 2025A · The company itself

“Broadband Networks -segmentti keskittyy kiinteiden tietoliikenneverkkojen tilaajaverkkotuotteisiin ja sen merkittävin asiakaskunta koostuu tietoliikenneoperaattoreista. Asiakkaina voivat olla myös laajempia kokonaisuuksia integroivat yritykset sekä jälleenmyyjät, jotka hyödyntävät Telesten tuotteita kokonaistoimituksissaan.”

Annual report 2025A · The company itself

“We also face competition in our energy generation and storage business from other manufacturers, developers, installers and service providers of competing energy technologies, as well as from large utilities.”

Annual report 2025A · The company itself

“Megapack is an energy storage solution for commercial, industrial, utility and energy generation customers, multiple of which may be grouped together to form larger installations of gigawatt hours (“GWh”) or greater capacity.”

Annual report 2025A · The company itself

“In addition, we generate revenue from pipeline, power line and utility easements, commercial leases and temporary permits principally related to a variety of land uses, including, but not limited to, midstream infrastructure projects and processing facilities as hydrocarbons are processed and transported to market.”

Annual report 2025A · The company itself

“Through our surveying, mapping, and building construction product portfolio, professional surveyors and engineers provide services to the construction, engineering, mining, energy and utilities, government, and land management sectors. Our solutions replace less productive conventional methods of surveying, mapping, 2D or 3D modeling, monitoring, measurement, reporting, and analysis.”

Annual report 2026A · The company itself

“Tulikiven sauna-tuoteryhmän ytimessä ovat sähkö- ja puulämmitteiset kiukaat, joiden verhoilussa käytetään ainutlaatuisia materiaaleja, kuten Tulikiven omaa vuolukiveä ja Heinäveden tehtaalla valmistettua valukiveä.”

Annual report 2025A · The company itself

“UPM has two pulp mills and plantation operations in Uruguay (Fibres South) as well as three pulp mills and three sawmills in Finland (Fibres North). UPM Energy generates costcompetitive, zero-carbon electricity.”

Annual report 2025A · The company itself

“Weather and Environment business area The Weather and Environment business area provides critical weather and climate measurements and intelligence through advanced instruments, systems, and subscription-based data and software services. It enables customers – ranging from energy, technology and insurance companies to meteorological institutes and airport operators – to ensure people’s safety, protection of property, and efficient operations. Key market segments are meteorology, aviation, roads, and renewable energy.”

Annual report 2025A · The company itself

“The enhanced version includes oxygen and nitrogen as optional new parameters. Weather and Environment business area The Weather and Environment business area seeks growth by expanding its Xweather subscription business and drives profitability as a global leader in weather. The Weather and Environment business area plays a vital role in helping societies and businesses understand, mitigate, and adapt to climate risks and extreme weather.”

Annual report 2025A · The company itself

“The business focuses on growing recurring revenue through Data as a Service and Solutions as a Service in core segments: transportation and logistics, energy and utilities, and finance and insurance.”

Annual report 2025A · The company itself

“We also offer certain of our R&D and Quality Solutions to industries outside the life sciences industry primarily in North America and Europe.”

Annual report 2026A · The company itself

“Omsetningsøkningen kommer hovedsakelig fra segmentet Energi, industri, vann og avløp, der Veidekke har flere større prosjekter i produksjon for Stockholm Vatten.”

Annual report 2024A · The company itself

“Infrastruktur omfatter samferdselsprosjekter, som vei, bane og flyplasser, vann og avløp, fundamentering, veivedlikehold, asfaltering og leveranser av steinmaterialer og deponitjenester. Samlet står Infrastruktur for 39 % av Veidekkes omsetning.”

Annual report 2024A · The company itself

“Our two segments are described below: Water Quality Our Water Quality segment provides one of the most comprehensive portfolios of water analytics, and differentiated water treatment solutions that enable the reliable delivery of safe drinking water by public and private utilities - from source water to the consumer and back into the water cycle. In addition, we help improve the efficiency of processes and production operations of our customers and ensure that their wastewater discharge meets regulatory standards and their environmental and sustainability targets. Under our Hach, Trojan Technologies, ChemTreat, and other globally recognized WQ brands, we provide proprietary precision instrumentation and advanced water treatment technologies that our customers rely on to measure, analyze and treat water in residential, commercial, municipal, industrial, research and natural resource applications.”

Annual report 2025A · The company itself

“Our main customers are utility companies, developers, infrastructure funds, and independent power producers”

Annual report 2025A · The company itself

“Our main customers are utility companies, developers, infrastructure funds, and independent power producers”

Annual report 2025A · The company itself

“Our main customers are utility companies, developers, infrastructure funds, and independent power producers”

Annual report 2025A · The company itself

“Our main customers are utility companies, developers, infrastructure funds, and independent power producers that develop and operate wind farms to integrate renewable energy into their portfolios.”

Annual report 2025A · The company itself

“Our primary customers are utility and infrastructure companies, which seek to integrate renewable energy into electric power grids. We also work with independent power producers that develop and operate wind farms relying on our technology to deliver consistent energy output.”

Annual report 2025A · The company itself

“Science-based decarbonisation of our operations and supply chain by 2030 Every day, Vestas wind turbines harness wind energy to generate renewable electricity, providing an alternative to fossil fuels and serving as a key driver in the decarbonisation of global energy systems.”

Annual report 2025A · The company itself

“The main features in the downstream value chain are related to selling wind power plants and providing service to customers and asset managers.”

Annual report 2025A · The company itself

“Våra lösningar används inom en rad branscher, såsom energi, försäkring, handel, hotell, trossamfund och sjukvård.”

Annual report 2024A · The company itself

“NO 2018 42 93 % Vitec ALMA Informationshantering inom processindustri och energibolag i Finland.”

Annual report 2024A · The company itself

“DK 2022 40 93 % Vitec Energy Elhandlare och nätägare av el- och fjärrvärmenät i cirka 25 olika länder.”

Annual report 2024A · The company itself

“SE 1998 54 92 % Vitec Enova Energistyrning samt nätbalanseringstjänster i Nederländerna.”

Annual report 2024A · The company itself

“Vitec Trinergy har två huvudsakliga kundsegment, den offentliga och den privata sektorn. Fastighetsägare inom den offentliga sektorn ska vara förebilder avseende hållbarhet.”

Annual report 2024A · The company itself

“Produkterna finns i hjärtat av en mängd verksamheter som energi, försäkring, handel, hotell, trossamfund och sjukvård.”

Annual report 2024A · The company itself

“Equity securities primarily represent investments in common and preferred stocks in companies with potential growth opportunities in different sectors, mainly in the financial institutions and energy sectors.”

Annual report 2025A · The company itself

“Over the years, the Company has formed numerous businesses that are focused on important parts of the economy in the U.S., including healthcare, cyber security, energy and agriculture, and on growing international markets, including the Asia-Pacific region, South America and Mexico.”

Annual report 2025A · The company itself

“Through our Waste Management Renewable Energy (“Renewable Energy”) segment, we are also a leading developer, operator and owner of landfill gas-to-energy facilities in the U.S. and Canada that produce renewable electricity and renewable natural gas (“RNG”), which is a significant source of fuel that we allocate to our natural gas fleet.”

Annual report 2025A · The company itself

“The electricity is then sold to public utilities, municipal utilities or power cooperatives.”

Annual report 2025A · The company itself

“For 17 of these projects, the landfill gas is processed to pipeline quality RNG and then sold to natural gas suppliers.”

Annual report 2025A · The company itself

“Outlook for New Energy The New Energy segment focuses on building and driving industrial positions within the maritime energy value chain and the energy transition. With segment companies representing energy infrastructure, offshore wind, and technology and decarbonisation, Wilhelmsen is driving valuecreation by bringing together their unique competencies.”

Annual report 2024A · The company itself

“Committed to shaping the maritime industry, through our market-leading products, services, and support, the group also seeks to develop new opportunities in renewables, zero-emission shipping, and marine digitalisation.”

Annual report 2024A · The company itself

“Wilhelmsen owns 99.4% of NorSea. Total income for NorSea was USD 300 million in 2024, up 6% from 2023. Income was lifted by increased logistics and property activities at Norwegian offshore bases.”

Annual report 2024A · The company itself

“Williams’, Transco’s, and NWP’s customers and counterparties include industrial customers, local distribution companies, natural gas producers, and marketers whose creditworthiness may be suddenly and disparately impacted by, among other factors, commodity price volatility, deteriorating energy market conditions, and public and regulatory opposition to 33 energy producing activities.”

Annual report 2025A · The company itself

“For the year ended December 31, 2025, Transco’s largest customer was Duke Energy Corporation, which accounted for approximately 9 percent of its operating revenue, and NWP’s largest customer was Puget Sound Energy, Inc., which accounted for approximately 31 percent of its operating revenue.”

Annual report 2025A · The company itself

“Andra viktiga kundsegment är medicinteknik, infrastruktur och energi.”

Annual report 2024A · The company itself

“Additionally, we entered into an agreement with a Norwegian energy company to provide payroll, travel and expense solutions and services for their approximately 1,000 employees in Norway.”

Annual report 2024A · The company itself

“In addition, many of our products require sterilization prior to sale, and we utilize a mix of internal resources and contract sterilizers to perform this service. We also provide contract sterilization services to certain of our customers. To the extent we or our contract sterilizers are or may become unable to sterilize our products or provide sterilization services to us or to our customers, whether caused by insufficient capacity; unavailability of materials for sterilization; regulatory or other restrictions on the use of certain sterilizing methods such as use of ethylene oxide; the bankruptcy or other financial constraints of the sterilizer (as we experienced with respect to one sterilization supplier in 2024); or otherwise, we may be unable to transition to other contract sterilizers, sterilizer locations or sterilization methods in a timely or cost effective manner or at all, which could have a material impact on our results of operations and financial condition.”

Annual report 2025A · The company itself

“Enter into long-term agreements to give customers certainty about the costs and origin of their renewable power supply”

Annual report 2025A · The company itself

“The value of certain of our solutions depend, in part, on relationships with bank partners, oil companies, fuel and lodging merchants, truck stop operators, airlines, sales channels and other channels and partnerships to grow our business.”

Annual report 2025A · The company itself

“Rental expenses principally include the cost of our property management and leasing personnel, utilities, repairs and maintenance, property insurance, real estate taxes and the other costs of managing our properties.”

Annual report 2025A · The company itself