It holds all the shares in STEAG Power GmbH and Iqony GmbH and assumes the main sovereign functions and functions required under company law as parent company of the Group. The division of the Group has laid the foundation for a significant increase in the value of the green growth area and improved STEAG's refinancing options.
For over 85 years, STEAG has stood for efficient and safe power generation. STEAG Power GmbH operates hard-coal-fired power plants at six locations in Germany. Their share of total electricity generation in Germany is around five percent. With its hard coal-fired power plants, it also makes an important contribution to the success of the energy transition. For the foreseeable future, controllable energies will still be needed to ensure that Germany, as an industrial nation, succeeds in its transformation to a largely emission-free, but at least in the coming years still volatile, energy generation. STEAG Power also operates large power plants in Turkey and Colombia. STEAG is sticking to its strategy of phasing out hard coal-fired power generation in the long term.
With 85 years of experience in the planning, construction and operation of energy technology plants, the company offers holistic solutions for the decarbonization, decentralization and digitalization of the energy supply. Iqony focuses on renewable energies and bridging technologies that can also be used in a climate-neutral manner in the future. In addition to solar, wind and geothermal energy, the portfolio also includes hydrogen solutions, storage technologies, engineering services and gas-fired power plants. The company implements projects worldwide for major industrial companies, utilities, cities and municipalities. Specializing in tailor-made solutions for demanding challenges, Iqony leverages its broad energy industry knowledge across all technologies and services offered.