Released on 9th June 2022 by Deep Energy Capital LLP.

Deep Energy Capital LLP (“Deep Energy”), an independent investment firm specializing in geothermal energy, announced today the appointment of Joachim Rumstadt, former CEO of German power company STEAG, to its Advisory Council. 

Dan Phillipson, Managing Partner at Deep Energy, said: “Joachim brings extensive insight into energy markets at the German, European and global level. We are already benefiting from his wise counsel on both strategic and operational matters and we are delighted to have him advising Deep Energy.” 

ABOUT MR JOACHIM RUMSTADT 

Mr. Joachim Rumstadt is the former CEO of STEAG GmbH and Chairman of the Supervisory Board of STEAG New Energies GmbH. STEAG is one of the largest Germany power companies with over 7GW of installed capacity globally. Mr. Rumstadt studied law at the Ruprecht-Karls-Universität Heidelberg. After a legal clerkship, he became a consultant for international and European law at the Research Institute of the German University of Administrative Sciences Speyer (DHV). In 1997, he joined STEAG AG in Essen as legal counsel, later heading STEAG’s executive office and risk management departments. In 2007, Mr. Rumstadt was appointed to the Executive Board of Evonik Steag GmbH. In 2009, he was appointed Chairman of the Management Board of the fifth-largest German power producer Evonik Steag GmbH, which was renamed STEAG GmbH in 2011. Over his career, Mr. Rumstadt has served on the board of drilling company Daldrup & Soehne AG and miner RAG AG amongst others, as well as being an advisory board member to the International Energy Agency (IEA). 

ABOUT DEEP ENERGY CAPITAL 

Deep Energy Capital is a long-term investment manager focusing on the energy transition. The firm is an independent partnership headquartered in London. We make geothermal infrastructure investments that provide a highly differentiated source of renewable energy. Development, construction, operation, and financial optimisation of clean, renewable, baseload and dispatchable sources of power, heating and cooling, are at the core of what we do. As a conduit for sustainable infrastructure investment, Deep Energy Capital aims to deliver sustainable, reliable and secure energy to power grids and local communities globally. 

Clean. Scalable. Baseload. Dispatchable. Deep Energy Capital. 

CONTACTS

Deep Energy Capital,LLP
Dan Phillipson – Managing Partner
info@deepenergy.capital
+44 20 3982 6635