Austrian state-owned energy company Verbund is experiencing a significant downturn in profits due to the ongoing extreme drought in Austria. The company’s results for the first half of the year are down by a third. This decrease is directly linked to the reduced water levels impacting hydroelectric power generation. Verbund is responding to the crisis by planning investments in energy sources located in other countries, diversifying its portfolio. Furthermore, the company intends to explore and implement new technologies to secure future energy supplies. The drought highlights Austria’s vulnerability to climate change and its impact on renewable energy production. Verbund’s situation signals potential challenges for energy security in the region.