09.04.2018
Daldrup & Söhne AG DE0007830572
DGAP-News: Daldrup & Söhne AG: Stadtwerke München expand order to commission six deep geothermal drillings for a geothermal power plant
DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
Daldrup & Söhne AG: Stadtwerke München expand order to commission six deep
geothermal drillings for a geothermal power plant
09.04.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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CORPORATE NEWS
Daldrup & Söhne AG: Stadtwerke München expand order to commission six deep
geothermal drillings for a geothermal power plant
- Drillings are part of Munich's municipal utility plan to provide district
heating from 100% renewable energy sources
Grünwald / Ascheberg, Germany, 9 April 2018 - The drilling technology and
geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has a received
a major additional order for the extraction of geothermal energy from
Munich-based energy provider Stadtwerke München (SWM). The order carries a
value in the upper single-digit million euro range. The additionally
commissioned doubler drill (production and injection drill) is connected to
the drillings commissioned by SWM in the spring of 2017 (see press release
of May 3, 2017). The drillings will go into a depth of 4,000 metres.
Preparations for the initial two doubler drills are currently underway on
the site of Munich's oldest conventional thermal power station HKW South,
which is located in Munich's Sendling district. Drilling is projected to
start within the next couple of weeks. The plan is for the new geothermal
power plant to produce approximately 50 MW of environmentally friendly
district heating for around 80,000 Munich households. The new plant is
expected to go online in 2020.
The now six geothermal drillings to be undertaken by project partner Daldrup
& Söhne are part of SWM's ambitious plan to make Munich Germany's first
major city to generate 100 percent of its district heating from renewable
energies by 2040. The biggest portion of that heating is to be generated by
hot thermal water. Munich is located on top on top of vast supplies of this
environmentally friendly energy source, which is contained in easily
permeable layers of limestone that are part of the geological layers
underneath the city.
About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate
history spanning more than 70 years is a specialist provider of drilling and
environmental services and ranks as one of the leading companies in Germany.
Its activities are divided into the business divisions Geothermics, Raw
Materials & Exploration, Water Extraction as well as Environment,
Development & Services (EDS). The Geothermics business division provides
drilling services for near-surface geothermics (especially geothermal probes
of heat pumps), along with drilling services for deep geothermics up to 6000
m, in order to utilise the geothermal energy accessible in this way for
electricity and/or heat generation. In the Raw Materials and Exploration
business division, the bores made by Daldrup & Söhne AG serve for exploring
and developing fossil fuel deposits (especially coal and gas) as well as
mineral resources and ores (e.g. copper and gold). The Water Extraction
business division comprises well construction for the extraction of
drinking, service, curative, mineral, boiler-feed or cooling water as well
thermal brine. The Environment, Development & Services (EDS) business
division comprises special environmental engineering services such as the
hydraulic clean-up of contaminated sites, the drilling of gas extraction
wells for recovering waste dump gas, the provision of groundwater quality
measuring points or the installation of water purification plants.
The majority stake in Geysir Europe GmbH also gives the Daldrup Group its
own fields of experience in the exploration of geothermal energy in the
Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project
management and power station expertise means that all stages of value
creation can be covered for a deep geothermics project.
The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the
open market of the Frankfurt Stock Exchange).
Disclaimer
This publication represents neither an offer for sale nor a call to submit a
tender for the purchase or underwriting of securities. This publication and
the information it contains is not intended for direct or indirect
dissemination in or within the United States of America ("USA"), Canada,
Australia or Japan.
Press & Investor Relations Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Phone +49 (0)2593-9593-29
Fax +49 (0)2593-9593-60
Bavariafilmplatz 7 [email protected]
82031 Grünwald/Geiselgasteig www.daldrup.eu
Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
[email protected]
www.daldrup.eu
Bavariafilmplatz 7
82031 Grünwald/Geiselgasteig
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09.04.2018 Dissemination of a Corporate News, 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,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Daldrup & Söhne AG
Bavariafilmplatz 7 / Gb. 32
82031 Grünwald/Geiselgasteig
Germany
Phone: +49 (0) 89 / 45 24 37 920
Fax: -
E-mail: [email protected]
Internet: www.daldrup.eu
ISIN: DE0007830572
WKN: 783057
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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