10.11.2015
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG receives major UK order for 5 MW CHP system
DGAP-News: 2G Energy AG / Key word(s): Sales Result/Forecast
2G Energy AG receives major UK order for 5 MW CHP system
10.11.2015 / 07:51
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- Additional international orders strengthen 2G's diversification across
international markets
- 2G sales partner in Japan wins orders for treatment plant in Tokyo -
very high potential for follow-up orders
- Cooperation with Veolia subsidiary COGENCO already bearing initial
fruit
- New French energy policy legislation improves conditions for biogas
operated CHPs in France - demand stimulation already evident
The Management Board of 2G Energy AG (ISIN DE000A0HL8N9) - one of the
internationally leading manufacturers of gas operated combined heat and
power (CHP) systems - confirms its expectation of significant growth in the
share of its international business in light of a sustained recovery of
international new order intake during the current second half of 2015. The
strategic focus on a broad international diversification of sales
activities that the company has launched in recent years is already proving
increasingly successful.
2G receives major order from leading UK sugar industry company
2G has won an order for a 5 MW CHP plant in close cooperation with a German
full-range service provider that is highly specialized in the planning and
construction of biogas plants for the agricultural and industrial sectors.
Two engines (2.2 MW and 2.8 MW) will generate 5 MW of installed electric
output. This order comprises one of the largest orders in the company's
history to date. Delivery of the plant is planned for mid-April 2016, with
commissioning scheduled for June 2016. The order comprises a large-scale
container project, the first of its type for 2G. This promising concept is
especially interesting for utilization in countries where local powerhouse
installations are expensive or difficult to realize. All of the CHP
modules, each weighing 30 tonnes, including medium voltage plants, are
being installed in 8.5 meter high container structures as part of this
concept. Value is thereby being created almost entirely at 2G's
headquarters in Heek, reducing construction site assembly risks. This order
will be recognized as sales revenue in the second half of 2016.
New cooperation with Veolia subsidiary COGENCO already bearing first fruit
The new partnership with Veolia/COGENCO is already coming alive with a
first order in the UK and the planning of further projects. This first
order relates to a natural gas driven 400 kW electric output CHP for a
hospital that is to take over its primary heating supplies in-house, which
will also result in a significant total energy cost reduction. 2G's CHP
management also delivers clear long-term operating benefits and a sustained
availability boost. Service evaluations can be conducted remotely from the
control station in Heek, with potential operating interruptions being
addressed and planned proactively via the service fleet.
2G's Management Board and the UK regional management team that is heading
up the project are pleased with the high speed at which their cooperation
is being implemented. The technology leadership of 2G and the flexibility
that it offers as a medium-sized company proved decisive to the partner's
decision. The immediate start to this collaboration has highlighted how the
partners wish to make their cooperation venture a mutual success.
Indications already exist of follow-up orders and other enquiries are being
processed.
New French energy policy legislation comes into force - France aims to
increase feed-in payments for biogas systems
France approved new energy policy legislation at the end of July 2015,
thereby also paving the way for strong growth in the biogas sector. A total
of 1,500 new biogas systems are to be constructed by 2020. France currently
operates a total of 274 MW of installed plant output, with average plant
output of 217 kW. With the construction of an additional approximately 325
MW, installed output would consequently more than double by 2020. To this
end, the French Ministry of Ecology, Sustainable Development and Energy has
announced that it will modify feed-in payments for electricity generated
from biogas plants. Both existing and new biogas systems can benefit. The
compensation period will be raised from 15 to 20 years. Existing systems
and plant projects that are about to be constructed and have already
submitted all documents to the French Environment and Energy Management
Agency (ADEME) can benefit from applying for the new feed-in payments from
November 3, 2015. These payments amount to 18 cents/kWh for existing
systems up to 80 kW, and to 16.5 cents/kWh for systems from 300 kWh up. The
draft ministerial decree envisages compensation of 17.5 cents/kWh for new
systems up to 80 kW, and 15.0 cents/kWh for 500 kW plants. Tariffs for
intermediate output levels will be calculated by linear interpolation.
Current compensation for plants with 500 kW capacity stands at 13
cents/kWh, and at 14.2 cents/kWh for systems up to 150 kW. The premium for
utilization of waste from livestock farming is also to be increased from
currently 2.6 cents/kWh to 4 cents/kWh. An act relating to direct marketing
is also being discussed, with the idea of tenders being introduced from
2016 for plants from 300 kW (optional), or from 500 kW (mandatory). In
addition, plant optimization safety is to play an important role in the
further development of the French biogas sector. Given the prospect of a
new support framework for biogas plants, 2G is already noting a tangible
pickup in demand for biogas driven CHP systems in France. Demand is
emanating both from 2G's French liaison office in Rennes, and through
biogas plant builders - so-called resellers. 2G anticipates a significantly
more positive business trend in France over the coming years.
Japan: 2G wins tender through partners to install CHPs at treatment plant
Through its regional sales partners, 2G has now for the first time won
against the Japanese market leader in direct competition in tenders. 2G
will supply three biogas driven CHP systems each with 75 kW electric output
for a treatment plant at Jonanjima in Tokyo Bay. Commissioning of the
reference plant that is still under construction is planned for summer
2016. High potential exists over the coming years to win orders and realize
sales given the currently around 2,000 treatment plants in Japan (only 20 %
of these are equipped with systems to exploit the energy contained in the
gases from treatment plants). At present, 2G is the only provider in Japan
in the area of smaller biogas driven systems of 75 kW to 400 kW electric
output. Compared with its competitors, 2G is able to offer Japanese
customers higher CHP system efficiency accompanied by optimization of space
requirements through container solutions and compact powerhouse
installation design. 2G's regional sales and service partner of many years'
standing provides the related service.
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
11 Nov. 2015 Roadshow, Munich
23-24 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
Benzstraße 3
48619 Heek
Telephone: +49 2568 9347-2795
Telefax: +49 2568 9347-15
E-Mail: [email protected]
Internet: www.2-g.de
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10.11.2015 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.
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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 News Service
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