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Tag Archives: STEAG

STEAG: Strategic repositioning progressing well

STEAG GmbH, Essen/Germany, is looking back on a satisfactory business year 2019. In a difficult market environment, the energy company has successfully maintained its position, achieved its earnings targets and increased its profitability. This creates a sound basis for mastering the major challenges of the current year. The German Parliament is expected to pass the Act on the Reduction and ...

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STEAG publishes sustainability report

STEAG GmbH, Essen/Germany, has now published its first sustainability report. There, the energy company documents the wide variety of ways in which it is taking on social responsibility. “We are fully aware that only sustainable, responsible action can secure the success of a business in the long term,” says Joachim Rumstadt, Chairman of the STEAG Board of Management. The issue ...

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STEAG

The supervisory board of STEAG GmbH, -Essen/Germany, has filled three vacancies on the company’s management board for the coming years. On 1st May 2020, Michael Baumgärtner, who left his role of CFO on the management board on 30th April 2020, was replaced by Heiko Sanders. The businessman and tax consultant, who holds a doctorate, has many years of experience in ...

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STEAG building for the future of energy

A new and highly efficient combined cycle gas turbine (CCGT) power plant in Herne/Germany, will secure the supply of electricity and heat in the heart of the Ruhr area in the future (Figure 1). The new power plant will use the principle of combined heat and power generation (CHP), is therefore particularly resource-friendly, and in the future will replace the ...

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STEAG continues to grow on the renewable energy market

STEAG Solar Energy Solutions (SENS), the most recent subsidiary of the STEAG Group, Essen/Germany, is growing steadily in the field of renewable energy. André Kremer, Managing Director of SENS, and Matej Lednicky, Head of Transaction Management Infrastructure with the investment company KGAL Investment Management GmbH & Co. KG, confirmed their cooperation in Italy when they signed the contract in Milan. ...

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Fenne HydroHub becomes a living lab

Fenne HydroHub is set to become a living laboratory for the energy transition. The project outline, which was developed by STEAG GmbH, Essen/Germany, jointly with project partners Siemens AG, the Institute for Future Energy and Material Flow Systems (IZES gGmbH) and the German Research Centre for Artificial Intelligence (DFKI GmbH) and entered in the competition held by the German Federal ...

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More than 300 guests bid a fond farewell to the Lünen power station

It was an emotional evening in the historic machine hall of the STEAG power station, with a celebration that went into the early hours of the morning. Employees, family members, friends and former colleagues were invited to bid farewell to the founding location of Steinkohlen-Elektrizität AG (STEAG) on 19th January 2019 (Figure 1). On 31st December 2018, after almost 80 ...

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STEAG subsidiary Mingas-Power forges ahead with its “Haldenwind” mine dump wind power project

A lunar landscape of boulders and craters as far as the eye can see – project partners Mingas-Power, ENNI Energie & Umwelt Niederrhein (ENNI) and RAG Montan Immobilien (RMI) have officially brought the Kohlenhuck wind farm on the plateau of the Kohlenhuck mine heap in the north of Moers/Germany online. Mingas-Power, a joint venture between STEAG New Energies and RWE ...

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STEAG afflicted by fall in electricity prices – future programme shows first signs of success

2016, the STEAG Group, Essen/Germany, generated sales of 3.9 bn €, an 8 % increase, thanks to the expansion of its energy trading activities. At 123 m €, the operating income (EBIT) is almost 50 % less than the previous year. EBITDA of 281 m € were 118 m € less than in 2015. The Group had anticipated these drops in sales and made an announcement to that effect at ...

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„STEAG 2022“: Strategic perspectives in the energy sector

The framework conditions for producing electricity in conventional large-scale power plants have changed substantially for the long-term as a result of the revised German energy policy. Prioritising renewable energies triggers economies of scale and price effects that place the owners and operators of fossil-fuel power stations in particular under considerable pressure in terms of earnings. In response to this, the ...

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