04.05.2018
Daldrup & Söhne AG DE0007830572
DGAP-News: Daldrup & Söhne AG receives order for geothermal drilling from Stadtwerke Schwerin
DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
Daldrup & Söhne AG receives order for geothermal drilling from Stadtwerke
Schwerin
04.05.2018 / 09:20
The issuer is solely responsible for the content of this announcement.
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CORPORATE NEWS
Daldrup & Söhne AG receives order for geothermal drilling from Stadtwerke
Schwerin
- Substantial potential for geothermal energy in North German basin
Grünwald / Ascheberg, Germany, May 4, 2018 - The drilling technology and
geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has received
an order for a geothermal drilling from Energieversorgung Schwerin GmbH &
Co. Erzeugung KG (EVSE), a subsidiary of municipal energy provider
Stadtwerke Schwerin GmbH (SWS), in northeastern Germany. The order has a
value in the lower single million digit range. Operations will start the end
of May 2018 in Schwerin-Lankow.
The drilling is projected to go into a depth of 1,250 metres. The project
will be supported by the German state of Mecklenburg-Western Pomerania in
line with the climate protection subsidy directive and the climate
protection loan scheme. Stadtwerke Schwerin views geothermal energy as an
important part of the sustainable and climate-friendly energy production
needed to make Schwerin, the state capital of Mecklenburg-Western Pomerania,
CO2-neutral by 2050. Around 15% of Schwerin's district heating will be
provided from geothermal energy in the future.
"We are excited about supporting Stadtwerke Schwerin in reaching their goal
of supplying CO2-neutral energy", says Daldrup & Söhne CEO Josef Daldrup.
"This means Stadtwerke Schwerin will be less affected by the volatility of
gas and coal prices while using local resources to provide base load power
to local residents."
Daldrup & Söhne AG sees great potential for energy providers as well as
commercial and industrial customers to fairly quickly generate relatively
easily accessible geothermal from the North German basin. Daldrup & Söhne is
already participating in several tenders in the region and is in
negotiations with additional municipal energy providers and investors.
The water-bearing rock layers beneath the ground have a temperature of over
60 Celsius - for direct heat production - respectively of over 100 Celsius
to ensure base load power generation. The North German basin contains parts
of the states of
Mecklenburg-Western Pomerania, Brandenburg, Berlin, Lower Saxony, Hamburg
and Schleswig-Holstein.
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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04.05.2018 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,
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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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682503 04.05.2018
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