Company profile: Steag
1.1 - Company Overview
Company description
- Provider of custom power and heat generation solutions and energy services, including power plant operations contributing to Germany’s energy supply with a strategy to phase out coal. Offers photovoltaics and wind project development and management, hydrogen activities, district heating, energy storage, digitalization, and decarbonization solutions for industries and municipalities; includes the Herne gas and steam turbine power plant providing regional district heating.
Products and services
- Gas and Steam Turbine Power Plant Herne: Constructs a natural-gas-transitioned gas-and-steam turbine plant delivering regional district heating and lowering CO2 emissions by replacing coal with natural gas
- Iqony GmbH: Architects multi-technology systems spanning photovoltaics, wind energy, hydrogen activities, decarbonization solutions, district heating, energy storage, and digitalization to support renewable energy generation and comprehensive decarbonization
- STEAG Power GmbH: Operates utility-scale power plants in Germany, contributing significantly to the country’s energy supply while focusing on plant operations and executing a strategy to phase out coal-fired generation
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Steag
Windglaz
HQ: France
Website
- Description: Provider of engineering studies for offshore and floating wind energy, offering expertise in hydrodynamics, moorings, and environmental condition analysis aligned with certification requirements, and support for modeling, analysis, and optimization of floating wind systems.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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EDS HV
HQ: United Kingdom
Website
- Description: Provider of high voltage engineering services for wind farms and offshore infrastructure, covering design, installation, connection, testing, commissioning, operations, maintenance, and repairs. Offers O&M programs to maximize network availability and reduce costs, fault diagnosis and restoration, and asset management to maximize returns on energy transmission equipment.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Correll Services
HQ: United Kingdom
Website
- Description: Provider of electrical engineering; cable installation and power services; control room asset monitoring; HV safety rules; HV building and management; construction support; and service operations and maintenance for renewable energy and offshore wind projects, including HV/LV/fibre-optic cable engineering, installation and maintenance, cable pull-in systems, temporary power and consultancy manpower.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Opdenergy
HQ: Spain
Website
- Description: Provider of renewable energy project development, financing, construction, and O&M, delivering photovoltaic and onshore wind power plants, hybrid renewable systems, and energy storage. Services include site selection, technical and economic studies, permitting, project finance, bonds, M&A, and asset management, with international operations (e.g., the 50 MW La Fernandina solar plant).
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Renewable Concepts
HQ: United States
Website
- Description: Provider of engineering and technical solutions in the energy industry.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Renewable Concepts company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Steag
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Steag
2.2 - Growth funds investing in similar companies to Steag
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4 - Top valuation comps for Steag
4.2 - Public trading comparable groups for Steag
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