06.08.2015
2G Energy AG DE000A0HL8N9
2G Energy AG: Company continues the consistent implementation of US market strategy. Production company 2G Manufacturing Inc. renamed as 2G Energy Inc.
(DGAP-Media / 06.08.2015 / 07:51)
- 2G Energy Inc. takes over all functions and tasks in US business:
production, sales and service available immediately on one-stop-shop basis
- 2G thereby benefits from Group synergy effects and gains greater impact
on this very important market
Heek, August 6, 2015 - 2G Energy AG (ISIN DE000A0HL8N9), one of the leading
German manufacturers of combined heat and power (CHP) systems, has
implemented further steps to strengthen its presence on the US market, as
announced.
The wholly-owned subsidiary 2G Manufacturing Inc., headquartered in St.
Augustine, is now operating under the new corporate name of 2G Energy Inc.
All sales, production and service activities - including those of a further
subsidiary 2G Cenergy Inc. - are being bundled within this entity. This
concentration now enables 2G Energy Inc. to offer its customers all
services on a one-stop-shop basis, and to profile itself on an enhanced
basis as an integral unit on the US market.
The Management Board of 2G Energy AG is of the view that this approach
signifies a consistent implementation of its strategy - following the
complete takeover of 2G Cenergy Inc. that was realized at the start of 2015
- of restructuring its profile on the American market, and of expanding the
company's sales base. This focusing of all tasks and responsibilities
within one company not only boosts the company's strength and impact, but
also results in expected synergies from the aggregation of the various
corporate areas, thereby exerting a positive effect on profitability.
According to planning at 2G Energy AG, the US market should develop in the
medium term into the largest international sales market for CHP systems
outside Germany. Considerable catch-up demand with regard to climate and
environment issues and topics exists in the USA, for instance. For this
reason, Barrack Obama's recently presented "Clean Power Plan" also targets
a significant reduction in CO2 emissions from coal power plants, which
currently generate 39 % of electricity in the USA. CO2 emissions from such
power plants are to be reduced by 32 % by 2030. This project would result
in the most stringent climate protection regulations in the USA to date,
feeding through to a further considerable increase in the potential for the
deployment of combined heat and power.
2G company portrait
2G Energy AG ranks among the world's leading manufacturers of cogeneration
(CHP) systems for decentralised energy production and supply by means of
combined heat and power. The company's product portfolio includes systems
with an electric capacity between 20 kW and 4,000 kW for operation with
natural gas, biogas, biomethane and other lean gases. 2G has successfully
installed several thousand CHP systems in 35 countries to date. Especially
in the 50 kW to 550 kW performance range, 2G possesses proprietary
technological combustion engine concepts characterised by low specific fuel
consumptions, high operational availability and optimised service
intervals. Besides the main production site at the Group headquarters 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 agricultural and industrial operations, local authorities, and the
residential sector through to municipal utilities and large-scale
utilities. The high level of customer satisfaction is founded on a dense
service network as well as 2G power stations' high technical quality and
performance. These power stations achieve an overall degree of efficiency
from 85 percent and to well above 90 percent thanks to combined heat and
power performance.
Along with the construction of combined heat and power stations, the
company, located in Westphalia in the north-west of Germany, offers
integrated solutions spanning the planning stage and installation through
to service and maintenance work. In the context of the energy policy
revolution, and as part of modern energy supply concepts, CHP systems are
gaining considerably in importance in intelligent energy grid systems -
so-called virtual power plants - due to their decentralised and scalable
operation, and predictable availability.
2G is consistently expanding its technology leadership through continuous
research and development work, both in gas engine technology for natural
gas, biogas and synthetic gas applications (e.g. hydrogen), as well as in
specific software development. The "virtual power plant" operating type has
been created with a software solution, for example. Overall, the 2G system
is thereby operated on a basis that is "heating-managed and
electricity-oriented" in order to significantly simplify integration within
a grid group. In the energy policy revolution's future electricity market
design, such digitalisation-enabled flexibility forms an indispensable
system-relevant element in combination with solar, wind, biogas and natural
gas producers, and creates a high barrier to market entry for competitors.
The shares of 2G Energy (ISIN DE000A0HL8N9) have been listed in the Entry
Standard of Deutsche Börse AG since July 31, 2007. The share capital
amounts to EUR 4,430,000, and is divided into 4,430,000 shares. The
company's founders held 56.1 % of the shares as of December 31, 2014, with
the free float amounting to 43.9 %.
2015 dates
29 September 2015 Half-yearly consolidated financial statements as of 30
June 2015
23-25 Nov. 2015 Germany Equity Capital Forum 2015
End Nov. 2015 Key Q3 figures and business trends
Further information: www.2-g.de
Contact
2G Energy AG
Stefan Liesner
Head of Marketing
Benzstraße 3
48619 Heek
Telephone: +49 2568 9347-2135
Telefax: +49 2568 9347-15
Mobile: +49 152 22592847
E-Mail: [email protected]
www.2-g.de
End of Media Release
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Issuer: 2G Energy AG
Key word(s): Energy
06.08.2015 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.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP-Media
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