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    We are STEAG.

    We at STEAG always have been driven by one thing: the will to make ever better use of energy. Today we offer services that cover the entire value chain of a modern energy service provider. We thus ensure not only today's supply, but help to advance the transition to the future of energy. Jointly, safely and efficiently.

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    STEAG realigns itself

    End of coal-fired power generation in Germany accelerates ongoing reorientation of the company towards new businesses and markets // Transformation at the same time makes STEAG more attractive to new investors

    Essen. STEAG GmbH is pushing ahead with refocusing its business and realigning its organization. With change well under way in the energy sector and the politically and socially desired decarbonization in particular of energy generation and industry, this process of transformation is gaining impetus. The Essen-based energy company has long been operating successfully in growth areas beyond its previous core business, and these are increasingly becoming the focus of its activities.

    At the same time, the company founded more than 80 years ago is having to adopt painful measures with regard to its workforce. Since the legislation putting an end to coal-fired power generation (KVBG) entered into force, it has been clear that over the course of the coming years, STEAG will gradually have to shut down and decommission most of its hard coal-fired power plants in Germany – with the exception of Walsum 10, which only went into operation in 2013.

    In total, it is anticipated that STEAG will have to cut around 1,000 jobs at the power plant sites in the Ruhr area and the Saarland, in the directly related activities, on the administration side and in its other operative business in Germany. “STEAG sees itself as having a clear responsibility for the employees concerned. We are striving to make job cuts as fair and as socially responsible as possible,” emphasizes Dr. Andreas Reichel, Industrial Relations Director and member of STEAG’s Board of Management. He points out, however, that the current difficult economic situation of the company means that the financial resources available for this purpose will be more limited than in the past.

    Successful realignment
    The aim is for STEAG to realign itself under its own steam. At the end of this transformation, STEAG will be more flexible, more powerful and smaller than it is today. “STEAG’s wide-ranging technical and energy expertise means we have good prospects for playing an important role on the energy markets of tomorrow,” Joachim Rumstadt, Chairman of the STEAG Board of Management, stresses. The focus of the new business segments is on smart, end-to-end energy solutions and the renewable energies market. Business activities will be centered on the decarbonization of industry and on developing digital business models.

    Implementation by 2022
    STEAG’s new structure is to be in place by the start of the 2022 financial year. The corresponding plans have been presented to the company’s Supervisory Board at its meeting on 30 September.

    “We are convinced that the realignment will make us more successful and at the same time more attractive to new investors, even if great challenges and efforts lie ahead of us this year and next,” Joachim Rumstadt remarks.

    Services

    Energy Services

    Energy Services

    Whether power plants or distributed facilities, whether conventional or renewable energies: we offer tailor-made solutions – from planning and development to implementation and optimization.

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    Renewable Energies

    Renewable Energies

    We play an active role in shaping the transition to a sustainable energy mix. We can contribute extensive experience in this field, too, because we already have been relying on renewables worldwide for many years.

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    District Heating

    District Heating

    As a regional energy company we supply private households, major customers and real estate companies in North Rhine-Westphalia, Saarland and Poland with environmentally friendly district heating.

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    Distributed Energy Supply

    Distributed Energy Supply

    The production of energy at the place it is needed is gaining more and more importance. STEAG New Energies develops tailor-made solutions for industry, municipalities, public utilities and the housing sector.

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    Power Plant By-products

    Power Plant By-products

    By-products from hard-coal-fired power plants are valuable building materials for industry. They are used by the concrete industry, for earthworks and road construction, and for horticulture and landscaping applications – and conserve resources there.

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    Technical Service

    Technical Service

    STEAG Technischer Service handles the complete planning and implementation of all technical services required for plant operation in the area of maintenance.

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    Energy Trading & Optimization

    Energy Trading & Optimization

    Trading & Optimization is the trading unit of STEAG: it handles raw material procurement and trading as well as the control and optimization of assets – for us and for external customers.

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    Waste Incineration

    Waste Incineration

    The generation of power and heat based on demanding fuels and sophisticated technologies is our core competence. STEAG Waste to Energy bundles the activities in the area of waste incineration.

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    Conventional Power Generation

    Conventional Power Generation

    Our safe and highly efficient power plants stand worldwide for the security of supply that consumers and industry need, now and in future.

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    Large Battery Systems

    Large Battery Systems

    Our large-scale battery systems maintain voltage and ensure the reliability of supply despite the increasing fluctuations in the power grid. In future they will take on even more tasks.

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    Jobs

    Careers

    STEAG is backed by a solid team.

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    News

    STEAG realigns itself

    End of coal-fired power generation in Germany accelerates ongoing reorientation of the company towards new businesses and markets // Transformation at the same time makes STEAG more attractive to new investors

    Essen. STEAG GmbH is pushing ahead with refocusing its business and realigning its organization. With change well under way in the energy sector and the politically and socially desired decarbonization in particular of energy generation and industry, this process of transformation is gaining impetus. The Essen-based energy company has long been operating successfully in growth areas beyond its previous core business, and these are increasingly becoming the focus of its activities.

    At the same time, the company founded more than 80 years ago is having to adopt painful measures with regard to its workforce. Since the legislation putting an end to coal-fired power generation (KVBG) entered into force, it has been clear that over the course of the coming years, STEAG will gradually have to shut down and decommission most of its hard coal-fired power plants in Germany – with the exception of Walsum 10, which only went into operation in 2013.

    In total, it is anticipated that STEAG will have to cut around 1,000 jobs at the power plant sites in the Ruhr area and the Saarland, in the directly related activities, on the administration side and in its other operative business in Germany. “STEAG sees itself as having a clear responsibility for the employees concerned. We are striving to make job cuts as fair and as socially responsible as possible,” emphasizes Dr. Andreas Reichel, Industrial Relations Director and member of STEAG’s Board of Management. He points out, however, that the current difficult economic situation of the company means that the financial resources available for this purpose will be more limited than in the past.

    Successful realignment
    The aim is for STEAG to realign itself under its own steam. At the end of this transformation, STEAG will be more flexible, more powerful and smaller than it is today. “STEAG’s wide-ranging technical and energy expertise means we have good prospects for playing an important role on the energy markets of tomorrow,” Joachim Rumstadt, Chairman of the STEAG Board of Management, stresses. The focus of the new business segments is on smart, end-to-end energy solutions and the renewable energies market. Business activities will be centered on the decarbonization of industry and on developing digital business models.

    Implementation by 2022
    STEAG’s new structure is to be in place by the start of the 2022 financial year. The corresponding plans have been presented to the company’s Supervisory Board at its meeting on 30 September.

    “We are convinced that the realignment will make us more successful and at the same time more attractive to new investors, even if great challenges and efforts lie ahead of us this year and next,” Joachim Rumstadt remarks.