07.03.2017
E.ON SE DE000ENAG999
E.ON SE: E.ON investing in fuel cell pioneer Elcore
DGAP-Media / 07.03.2017 / 10:03
E.ON is increasingly relying on highly innovative, clean and economical
technologies to supply homes with heat. As the company announced today,
E.ON is investing in Elcore GmbH, a pioneer in fuel cell technology, based
in Munich. Elcore produces energy-efficient heating systems for
single-family homes and duplexes. The heart of the system is an internal
developed fuel cell heating technology that generates heat and power
simultaneously.
This investment will also draw on a new distribution partnership. Going
forward, Elcore customers will be able to obtain CO2-neutral bio natural
gas from E.ON through specially tailored contracts while also covering
their remaining power needs with E.ON green electricity.
Fuel cell heating systems from Elcore have been installed nationwide in
both new and existing buildings for more than two years and their use in
hundreds of homes has shown the technology to be both fully developed and
economically viable. Thanks to CO2-neutral bio natural gas, the Elcore fuel
cell heating system produces not only current as cleanly as a solar system
can, it also generates heat. In doing so, the small system achieves an
overall efficiency roughly twice that of a large modern power station
lacking waste heat recovery. This high level of efficiency, along with the
use of CO2-neutral bio natural gas, makes the investment advantageous for
both owners as well as for the environment.
"The fuel cell is the most efficient technology for use in generating heat
and power when upgrading heating systems. It's another way that we are
encouraging a sea change in energy. It means we can now offer customers a
way to generate their own electricity without the need to rely on the sun
to produce it. It's how we at Elcore are underscoring our effort to make
the energy world of tomorrow clean, efficient and cutting-edge," says
Philipp Ulbrich, who oversees innovation scouting and investments in
startups at E.ON.
Manfred Stefener, CEO and founder of Elcore, adds: "The technological edge
and experience that Elcore provides make our company the perfect partner
for E.ON to work with in shaping the future of heating technology. Working
in collaboration with E.ON as a strategic investor, with its profound
understanding of the energy market and its unique grid system, we are
expecting to see important new ideas that will result in the steady
advancement of our innovative, medium-sized company."
About E.ON:
E.ON is an international private energy company based in Essen that is
entirely focused on power grids, customer solutions and renewable energy.
As one of the largest energy companies in Europe, E.ON assumes a leading
role in the transition to a clean, digital and decentralized world of
energy. The company develops products and solutions that help individual,
commercial and industrial customers use energy efficiently. Roughly 33
million customers obtain electricity and gas from E.ON. The company is one
of the world's leading producers of renewable energy and in recent years
has invested more than 10 billion euros in this business segment.
About Elcore
Elcore GmbH is an independent technology company with headquarters in
Munich. Elcore develops and produces products and solutions that supply
highly efficient heat and power to buildings. The centerpiece of its line
of products are its co-generation units with advanced fuel cell technology
that are used in new heating systems, in replacing old heating systems and
for upgrading existing heating systems in single-family homes and duplexes
(nano-CHP). Elcore has exceptional in-house development and manufacturing
capacities and produces all the major components of its fuel cell CHP
itself. http://www.elcore.com
For further information please contact [email protected]
This press release may contain forward-looking statements based on current
assumptions and forecasts made by E.ON Group management and other
information currently available to E.ON. Various known and unknown risks,
uncertainties and other factors could lead to material differences between
the actual future results, financial situation, development or performance
of the company and the estimates given here. E.ON SE does not intend, and
does not assume any liability whatsoever, to update these forward-looking
statements or to conform them to future events or developments.
End of Media Release
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Issuer: E.ON SE
Key word(s): Energy
07.03.2017 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Archive at www.dgap.de
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Language: English
Company: E.ON SE
Brüsseler Platz 1
45131 Essen
Germany
Phone: +49 (0)201-184 00
E-mail: [email protected]
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated
Unofficial Market in Tradegate Exchange; Mailand
End of News DGAP Media
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