08.07.2014
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG: Successful major CHP project with STEAG goes into operation in Essen
DGAP-News: 2G Energy AG / Key word(s): Miscellaneous/Incoming Orders
2G Energy AG: Successful major CHP project with STEAG goes into
operation in Essen
08.07.2014 / 07:28
---------------------------------------------------------------------
Corporate News
2G Energy AG: Successful major CHP project with STEAG goes into operation
in Essen
Facts relating to 2014 amendment to the German Renewable Energies Act (EEG)
end long period of uncertainty
- 2G acts as general contractor in replacing part of old, coal-fired
heating plant with highly efficient CHP system
- Reference project for further major projects with industrial companies
and utilities
- Investments in decentralized CHP systems remain highly attractive
Heek, July 8, 2014 - 2G Energy AG (ISIN DE000A0HL8N9), one of the leading
manufacturers of combined heat and power (CHP) systems, has acted as
general contractor in installing a turnkey, biomethane-gas driven combined
heat and power (CHP) system for STEAG New Energies in Essen-Rüttenscheid.
2G assumed responsibility for the entire project management for this major
order. In Steag's heating plant, an old, coal-fired boiler unit consisting
of the existing boiler house was replaced by an efficient CHP system with
4.4 MW electric output and 4.1 MW thermal output. The Münsterland-based
company assumed responsibility for all services spanned planning, assembly
of the CHP system and system peripherals, the integration of Steag's
existing systems, and through to commissioning.
Project director and 2G Management Board member Ludger Holtkamp expressed
his satisfaction with how the project had run: "As a general contractor, we
took just nine months to replace an old, conventional, coal-fired heating
plant with a highly efficient CHP system based on biomethane - a
regenerative fuel - that now delivers heating and electricity for regional
consumers. Steag is very satisfied with our performance. As a developer and
manufacturer of CHP systems, we are also a sought-after partner with our
experience with large-scale, turnkey CHP projects that entail construction
measures and integration into existing infrastructure. We are conducting
discussions with STEAG about follow-up orders, and with other municipal
utilities and major industrial companies about similar projects."
Utilities and industrial operations with continuous demand for heating
comprise an important group of customers for 2G. They are gradually
transitioning to decentralized, environmentally compatible and highly
efficient energy supplies, operate regional and district heating grids, and
wish to increasingly structure their energy supplies on an independent
basis, among other objectives.
In Germany, Steag has commissioned six biomethane CHP power plants with a
total electric output of 10 MW and invested more than EUR 13 million over
recent months, for example. The modern CHP system in Essen is the by-far
largest project to date in this context. Steag relies on the efficient
combined heat and power principle: "At all our locations, the heat given
off by the gas motors replaces some of the heat generation in the existing
heating plants."
Now that the Lower House of the German Parliament has ruled on the
amendment to the German Renewable Energies Act (EEG), which will become
effective from August 1, 2014, the facts relating to the future
compensation scheme and the mandatory levy have now been fixed for all new
self-suppliers. The period of uncertainty for investors and producers is
now over. Following months where no information was available, there is now
a clear view and basis for the calculation of investments in highly
efficient and economic CHP systems. At the same time, the German
government's expansion target to boost the CHP share of electricity
generation from currently around 16 % to 25 % by 2020 remains plausible. To
do this, however, the German government needs to implement the legislation
of the EU Energy Efficiency Directive (2012/27/EU) through a reform of the
German Combined Heat and Power Act (KWKG). German legislation plans an
interim review of the KWKG before the end of this year. The EU directive
aims to promote energy efficiency measures, to reduce climate gas
emissions, and lend specific form to an estimate of the potential relating
to the utilization of CHP. It obligates EU member states to adopt
appropriate measures to establish and expand infrastructure for efficient
district heating and cooling supplies, while taking into account the
development of highly efficient CHP, and the utilization of heat and
cooling from waste heat and renewable energy sources.
2G anticipates that German customers' ordering patterns will normalize
again following the temporary extraordinary/acceleration effects during the
first seven months of the current financial year. Of the EUR 112 million of
orders as of June 30, 2014 (previous year: around EUR 60 million), a share
of EUR 14 million (72 2G CHP systems, of which 38 comprise orders from
Germany worth around EUR 6 million) carry delivery dates after July 31,
2014.
2G Energy AG company profile
2G Energy AG is amongst the world's leading manufacturer of cogeneration
systems (CHP) for decentralized energy production and supply by means of
combined heat and power. The company's product portfolio includes systems
with an electrical capacity between 20 kW and 4,000 kW for the operation
with natural gas, biogas or bio methane. So far, 2G was able to
successfully install thousands of CHPs in 25 countries. Especially, in the
performance range of 50 kW to 550 kW 2G posses own technological combustion
engine concepts characterized by low specific fuel consumptions. Next to
the main production site at its headquarter in Heek, Germany, the company
has invested in an additional production and sales & service site in St.
Augustine, Florida, USA. 2G's customers range from farmers to industrial
clients, municipalities, real estate industry, up to municipal utilities
and big utility companies. The high level of customer satisfaction is
founded on the close-knit service network as well as the high technical
quality and performance of 2G power stations. Thanks to the combined heat
and power performance they achieve an overall degree of efficiency between
85 percent and well above 90 percent. To further enlarge the
technologically leadership the company continuously invests in its R&D
activities for gas engines for the use of natural gas, biogas and synthetic
gases (e.g. hydrogen). Next to the construction of combined heat and power
stations, the company, located in Westphalia in the north-west of Germany,
offers integrated solutions reaching from the planning stage and
installations to serial service and maintenance work. Due to its decentral
locations, scalability and projectable availability combined heat and power
stations shall play a crucial role as part of intelligent networked energy
systems - so called virtual power stations - within the ongoing switch to
clean energy.
In the context of Germany's new energy policy, CHPs within smart grids -
so-called virtual power plants - are becoming rapidly important due to
their predictable availability. 2G Energy (ISIN DE000A0HL8N9) is listed in
the Entry Standard of Deutsche Börse AG. The share capital amounts to EUR
4,430,000, and is split into 4,430,000 shares. As of December 31, 2013, the
company's founders held 55.9 % of the shares, with the free float amounting
to 43.9 %. In 2013 financial year (January 1 to December 31), 2G Energy
generated EUR 126.1 million of revenues, EUR 3.1 million of earnings before
interest and tax (EBIT), and EUR 1.0 million of net income. The company
employs 518 staff as of 31 Dec., 2013.
Forthcoming dates in 2014
July 16, 2014 Ordinary Annual General Meeting, Heek
Sept. 30, 2014 Publication of the half-yearly consolidated financial
statements as of June 30, 2014
Nov. 25-26, 2014 Deutsches Eigenkapitalforum 2014, Frankfurt
Further information: www.2-g.de
Investor relations contact
2G Energy AG
Benzstr. 3
48619 Heek
Germany
Telephone: +49 (0) 2568 93 47-2795
Fax: +49 (0) 2568 93 47-15
E-mail: [email protected]
Internet: www.2-g.de
End of Corporate News
---------------------------------------------------------------------
08.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: 2G Energy AG
Benzstr. 3
48619 Heek
Germany
Phone: +49 (0)2568-9347-0
Fax: +49 (0)2568-9347-15
E-mail: [email protected]
Internet: www.2-g.de
ISIN: DE000A0HL8N9
WKN: A0HL8N
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of News DGAP News-Service
---------------------------------------------------------------------
277018 08.07.2014
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
2G Energy AG ISIN: DE000A0HL8N9 können Sie bei EQS abrufen
Kraftwerke , A0HL8N , 2GB , XETR:2GB