Abowerbung
Home » Tag Archives: STEAG GmbH

Tag Archives: STEAG GmbH

STEAG returns 2.5 GW additional power plant capacity to the market

STEAG GmbH, Essen/Germany, is returning both its hard coal fired power plants Bexbach and Weiher in Saarland from the grid reserve to the market. With a net rated capacity of 726 MW, the Bexbach power plant (Figure 1) is the largest STEAG plant in Germany, it’s sister power plant in Weiher has a capacity of 656 MW. Together, both power ...

Read More »

STEAG sells shares in foreign power plant

STEAG GmbH, Essen/Germany, sells a large part of the shares in its power plant on the Philippine island of Mindanao. The buyer is co-shareholder Aboitiz Power Corp (APC). STEAG had already announced last year that it wanted to sell its stake and initiated a sales process. As part of this process, Aboitiz has now exercised its right of first refusal. ...

Read More »

STEAG cooperation with ADNOC pays off

Part of the demonstration deliveries of carbon-reduced ammonia agreed in spring between the Abu Dhabi National Oil Company (ADNOC) and various German energy and chemical companies has arrived in Hamburg; the tranche destined for STEAG GmbH, Essen/Germany, will follow timely. Representatives of ADNOC, STEAG and other companies as well as government representatives of the United Arab Emirates and the Federal ...

Read More »

STEAG gains strength

The STEAG Group, Essen/Germany, can look back on a successful six-month period. In the first half of the current business year, the energy group achieved consolidated sales of 2.41 bn €. Earnings before interest and taxes improved to 386.1 M €, almost doubling the result for the entire previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) also increased significantly to 450 M €. ...

Read More »

thyssenkrupp Steel and STEAG agree delivery of hydrogen

HydrOxy Walsum, STEAG’s hydrogen project in Duisburg, North Rhine-Westphalia, is taking shape: Based on a favorable feasibility study for a water electrolysis plant with a capacity of up to 520 MW, jointly prepared by the project partners STEAG GmbH, Essen/Germany, and thyssenkrupp Steel AG, Duisburg/Germany, an agreement in the form of a memorandum of understanding has now been reached on ...

Read More »

ADNOC and STEAG agree on ammonia pilot

STEAG GmbH, Essen/Germany, is one of various partners from German energy industry, Abu Dhabi National Oil Company (ADNOC) has signed agreements with during a delegation trip of Robert Habeck, German Minister for economic affairs and climate actions, to the United Arab Emirates (UAE). ADNOC and STEAG agreed on a sample delivery of carbon-reduced ammonia to be used for separation and ...

Read More »

STEAG achieves a good recovery

STEAG GmbH, Essen/Germany (Figure 1), presents encouraging key figures at the end of the third quarter of the current business year. Both sales and group EBIT are above the previous year’s level. In 2020, the energy company still had to cope with a difficult year owing to extraordinary burdens from the phasing out of coal and a process of transformation ...

Read More »

Develop and optimize a Hydrogen Economy in the Greater Region – Companies from France, Germany and Luxembourg constitute European economic business interest grouping

Creos Deutschland, Encevo, GazelEnergie, GRTgaz, H2V, Hydrogène de France, SHS – Stahl-Holding-Saar GmbH and STEAG GmbH have constituted themselves as the European economic business interest grouping (EEIG) “Grande Region Hydrogen” (Figure 1). The Members of the EEIG have, each individually and partially together, set themselves the goal of establishing an integrated cross-border energy system in the Greater Region by linking ...

Read More »

STEAG looks to Greece

SENS LSG, a German-Austrian joint venture in the field of photovoltaics (PV) which was only founded at the end of 2020, is significantly advancing the energy transition in Greece. Together with the LSG Group from Vienna/Austria, SENS is to construct solar PV power plants with a total capacity of 480 MW in Greece in the coming months (Figure 1), and further ...

Read More »

STEAG reaches important milestones in its transformation process

STEAG GmbH (Figure 1) is making significant progress in its process of transformation initiated in the autumn of 2020. Following several profitable transactions, such as the sale of the subsidiary STEAG Power Minerals and the successful participation in decommissioning auctions under the German Act on the Termination of Power Generation from Coal (KVBG), the Essen-based energy company has reached important ...

Read More »