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About us - The Steag Iqony Group introduces itself

We bundle two important pillars of the energy transition

The Steag Iqony Group combines two important pillars of the energy transition under one roof: STEAG Power GmbH as a provider of security of supply and Iqony GmbH as a shaper of the energy transition. Together we are meeting the challenges of the energy transition. Here you will find an overview of our company, our strategic orientation and our corporate management.

We are shaping the future of energy

Our strategy

Our strategy is the basis of our actions. It provides orientation, creates clarity and guides us in everything we do. At a time of profound change in the energy industry, it provides direction and stability. It combines our ambitions with concrete measures and helps us to make conscious and targeted decisions - always with our common goal in mind: actively helping to shape a climate-neutral, secure and sustainable energy world.

Our vision

We shape the future of energy: Using our initiative and experience, we invest in climate neutrality and security of supply.

Our mission

Using our high level of technical and energy industry expertise, we work as a team to create solutions for a sustainable and secure energy future.

In a constantly changing energy world, our plants and our team stand for reliability, adaptability, and proactivity.

As a profitably growing group, we work with our partners and customers to master the challenges of the energy transition.

Shaping the future - our goals for the coming years

Clear focus: We are focussing on four strategic business areas in order to actively shape the future

Renewables

We develop, build, and operate renewable energy plants across Europe. But not to sell them on—rather, because we invest, operate, and take responsibility ourselves. Permanently. We live and breathe IPP with technical expertise and an interdisciplinary team: from project development to construction and operation to electricity marketing. We don't use standard templates. Only solutions that are tailored to the site, region, and objective.

District and local heating

Sustainable heat for everyone – safe and reliable: As a district heating supplier, we operate numerous regional district heating networks throughout Germany. We are a reliable partner for local authorities and municipal utilities when it comes to cooperation and decarbonising heating networks. We supply private households, businesses and real estate companies with climate-friendly district heating. 

Industrial customers and services

For industrial companies with energy-intensive production processes, the most cost-efficient energy supply possible is a crucial aspect. As your partner, we offer tailor-made, production site-specific strategies for achieving a sustainable, secure and affordable energy supply. We also offer bespoke services and contracting for sustainable, supplier-independent technologies.

Site development

We operate hard coal-fired power stations at six locations in Germany. These contribute to a secure and affordable energy supply. At the same time, we are working on converting our sites into so-called energy hubs. In doing so, we are focusing on new technologies for a sustainable, climate-friendly energy supply: from state-of-the-art combined cycle gas turbine plants and innovative large-scale battery storage systems to intelligent combined heat and power plants.

Our concrete goals

Build a business model based on the development of the sites for the entire company.

Build one of the largest district heating players in Germany.

Investment in “Industrial customers” business area

Expansion of Renewables portfolio

Expansion of external Trading portfolio

Decarbonization of the Group by 2040

Our business divisions

Change needs stability. 
Steag Power provides it.

Steag Power manages the power plant business, thereby making a significant contribution to security of supply in Germany.

Visit Steag Power website

Change needs vision.
Iqony has it.

The energy transition is taking shape and confronting our customers with many challenges. Iqony is at their side as a partner to provide the right solutions and products to master them - including the power from our own assets which enable a continuous, reliable supply of green energy.

Visit Iqony website

Facts and figures at a glance

Status 31.12.2024

Management

Dr. Andreas Reichel
Dieter Dehlke
Nicole Hildebrand

Foundation and headquarters

1937 in Essen

Owner

Asterion Industrial Partners

Main subsidiaries

Iqony GmbH
STEAG Power GmbH

Employees

worldwide
5,635

Turnover

in millions Euro
2.847,4

EBITDA

in millions Euro
474,8

Key figures for the main subsidiaries

Status 31. December 2024

Iqony GmbH

Turnover

1,050.1
millions Euro

EBITDA

164.8
millions Euro

Employees

2,614
worldwide

STEAG Power GmbH

Turnover

1,797.3
millions Euro

EBITDA

340.0
millions Euro

Employees

3,010
worldwide

Corporate management

Board of Management

The Board of Management is responsibly for the management of the Steag Iqony Group. In addition, they regularly report to the Supervisory Board on any matters of relevance to the company. 

 

Dr. Andreas Reichel

Chairman of the Board of Management and Labor Director

Born 1961

Andreas Reichel has been Labor Director and member of the Management Board of STEAG GmbH since August 2020 and its Chairman since January 2022.

He is Chairman of the Management Board of Iqony GmbH since January 2023 as well, and was Chairman of the Management Board of Steag Power GmbH from December 2022 to April 30, 2025. Previously, Andreas Reichel had been Executive Labor Director of E.ON Deutschland since 2018 and held this position in personal union with his work as a member of the Board of Management and Labor Director of E.ON edis AG, now E.DIS AG, which he had held since 2006. After studying law in Bonn, he obtained his doctorate from the University of Cologne in 1994 and became a member of the North Rhine-Westphalia state parliament in 1985. During his ten years as a member of parliament, Andreas Reichel was a member of various committees and became Secretary General of the North Rhine-Westphalia FDP in 1992. From 1995 to 2006, he was responsible for communications at the former Ruhrkohle AG and Ruhrgas AG.

Dieter Dehlke

Member of the Board of Management

Born 1965

Dieter Dehlke joined the management board of STEAG GmbH in January 2024.

After studying economics, he gained his first professional experience in investor relations at the Preussag Group in Hanover in the early 1990s, and ultimately took on the role of treasurer for the North American business. He gained further professional experience in positions at Siemens in Munich, Babcock Borsig in Oberhausen, Howaldtswerke-Deutsche Werft in Kiel, MAN Ferrostaal in Essen and the GEA Group in Bochum. Dieter Dehlke also worked at the Hamburg shipyard Blohm+Voss and the Dutch shipbuilder Damen before joining the HWP-Handwerkspartner Group in Hamburg as CFO in January 2022.

Nicole Hildebrand

Member of the Board of Management

Born 1981

Nicole Hildebrand joined the management boards of STEAG GmbH and Iqony GmbH in January 2024. She was member of the managegment board of STEAG Power GmbH from January 2024 until April 2025.

A political science graduate and fully qualified lawyer, she is a partner at Steag’s owner Asterion Industrial Partners (AIP), where she is responsible for the energy business. She has worked for the Spanish infrastructure fund since it was founded in 2018. As an acknowledged energy expert, she has a total of 16 years of transaction experience in the European energy and utilities sector. Before joining AIP, Nicole Hildebrand worked for ten years in energy trading at Morgan Stanley in London and New York. She started her career at the law firm Freshfields Bruckhaus Deringer in London and Frankfurt. Nicole Hildebrand holds an MBA from the Saïd Business School at Oxford University.

Supervisory Board

The Supervisory Board of STEAG GmbH is made up of representatives of the shareholders as well as representatives of employees, senior managers and the Mining Chemical Energy Industrial Union (IG BCE). The Supervisory Board supervises and advises the Board of Management in performing its Group management tasks.
 

Philip Wack 1/2/3
Chairman

Investor and Industrial Advisory Board Member at Asterion Industrial Partners

Michael Vassiliadis 1/3
Deputy Chairman

Chairman of the IG BCE

Shareholder Representatives

Gianluca Ferrari
Chairman of the Board of Management
Clearway Capital

Alexandre Karam
Principal
Asterion Industrial Partners

Fabian Ruetzel
Analyst
Asterion Industrial Partners

Jörg Weber 1/2/3
Chairman of the Board of Management
Petersberg Capital GmbH

Winnie Wutte 1
Founding partner
Asterion Industrial Partners

Employee Representatives

Gerhard Grabmeier 1/2
Chairman of the Central Works Council
STEAG Power GmbH und Iqony GmbH

Bernd Hagemeier 2/3
Chairman of the Works Council of
the Bergkamen Power Plant

Gerrit Peters
Deputy Chairman of the Central Works Council
STEAG Power GmbH und Iqony GmbH

Representative of the executive employees

Erik Hennig
CIO / Director Information Technologies
STEAG GmbH

Representative of the IG BCE

Dr. Ralf Bartels 1
Energy expert, IG BCE

1) also a time member of Executive Comittee of the Supervisory Board 2) also a member of the Audity Comittee of the Supervisory Board 3) also a Member of the Mediation Committee

Sustainability

More about our sustainability goals

Guaranteeing security of supply and shaping the energy transition.
Since 1937.
Learn more about our history
Iqony