Verbund AG (<a href="https://www.wienerborse.at/en/stock-prime-market/verbund-ag-kat-a-AT0000746409/" target="_blank">VIE:VER</a>) plans to build a new 480 MW pumped storage facility in the Austrian municipality of Kaprun as part of a EUR-1-billion (USD 1.05bn) investment plan in its power plants in the region.