02.11.2015
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG: Cooperation agreement with Veolia CHP subsidiary, COGENCO Ltd., strengthens 2Gs market position in the UK.
DGAP-News: 2G Energy AG / Key word(s): Alliance
2G Energy AG: Cooperation agreement with Veolia CHP subsidiary,
COGENCO Ltd., strengthens 2Gs market position in the UK.
02.11.2015 / 08:05
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2G Energy AG: Cooperation agreement with Veolia CHP subsidiary, COGENCO
Ltd., strengthens 2Gs market position in the UK.
As a further step to increase the international business 2G has announced
a supply agreement with COGENCO Ltd, Horsham, near London, a subsidiary of
the VEOLIA group. The agreement marks the start of a strategic expansion in
the CHP services offered by COGENCO Limited under the Veolia brand. About 4
weeks ago, 2G published initial information about this new partnership.
The main goal of this partnership is that 2G supplies the key technology
for CHP solutions up to 4.4 MW and COGENCO Limited covers the sales and
service, project management and installation for the UK market. COGENCO
currently supply 40-70 CHP units annually for this market and operate
around 600 CHP natural gas, biogas and biodiesel units as a
contractor/ESCO. These cover applications in the industrial, district
heating, hotels, leisure, retail, hospitals, universities and water
industry sectors. The cooperation agreement initially concentrates on the
UK and Ireland market and the home market of VEOLIA in France. With the
expected success this scope will be expanded into a worldwide offer.
About Veolia
Veolia group is the global leader in optimized resource management. With
over 179,000 employees* worldwide, the Group designs and provides water,
waste and energy management solutions that contribute to the sustainable
development of communities and industries. Through its three complementary
business activities, Veolia helps to develop access to resources, preserve
available resources, and to replenish them.
In 2014, the Veolia group supplied 96 million people with drinking water
and 60 million people with wastewater service, produced 52 million megawatt
hours of energy and converted 31 million metric tons of waste into new
materials and energy. Veolia Environnement (listed on Paris Euronext: VIE)
recorded consolidated revenue of EUR24.4 billion* in 2014.
www.veolia.com
(*) 2014 pro-forma figures, including Dalkia International (100%) and
excluding Dalkia France.
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
23-25 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
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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02.11.2015 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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