The purpose of the company is the production and distribution of energy, in particular in the canton of Valais and in the rest of Switzerland, the trade in and sale of energy, the operation and management of power plant companies, the construction, maintenance, operation and sale of facilities and the provision of services for the transport, generation of energy and in energy-related and related business areas, in particular with reference to the areas of energy, mobility, building technology and the environment. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose or is suitable for promoting it. The company may acquire, encumber, sell and manage real estate or intellectual property rights in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties, and carry out all commercial, financial and other activities that are directly or indirectly related to the purpose of the company and are beneficial to it.