Tag Archives: STEAG

At the full works council and delegates’ conference of the STEAG Group (Figure 1), Essen/Germany, Andreas Reichel, Chairman of the Management Board and Labor Director, made it clear that the forthcoming sale of the energy group to the Spanish infrastructure investor Asterion Industrial Partners means more scope for STEAG in shaping the energy and heat transition. Speaking to the participants ...

Kommunale Beteiligungsgesellschaft mbH & Co. KG (KSBG) has sold its stake in the energy company STEAG GmbH, Essen/Germany, to the Spanish infrastructure investor Asterion Industrial Partners. The boards of the owners have given their mutual consent to this and the contract has been signed and notarised accordingly (signing). The transaction volume amounts to approximately 2.6 bn €. This amount corresponds to the ...

The STEAG Group, Essen/Germany, which since the beginning of the year has been divided into two separately operating companies, Iqony GmbH and STEAG Power GmbH, has presented its current Group sustainability report. In it, the energy company documents its commitment and guidelines in the areas of environmental, social, and corporate governance (ESG). Under the keyword “ESG”, a comprehensive set of ...

At its meeting on 25th January 2023, the Supervisory Board of STEAG GmbH, Essen/Germany, appointed Ralf Schiele (Figure 1) as a member of the Management Board of STEAG GmbH for a further three years. Schiele has been a member of the STEAG management since October 2020 and is responsible for the Market and Technology division. His appointment as Chief Operating ...

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 ...

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. ...

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 ...

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 €. ...

The headquarters of the energy company STEAG GmbH, Essen/Germany (Figure 1), will gradually become climate-neutral in the coming months. The conversion to green, emission-free heating, which has already taken place, will now be followed by the installation of a photovoltaic (PV) system and an energy management system. In implementing this change, STEAG is drawing on in-house expertise from its subsidiaries ...

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 ...