Daldrup & Söhne AG
Daldrup & Söhne AG receives major order for four geothermal drillings from Stadtwerke München
DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders CORPORATE NEWS
Daldrup & Söhne AG receives major order for four geothermal drillings from Stadtwerke München – Drillings are part of Stadtwerke München’s plan to provide 100% of district heating from renewable energies Grünwald / Ascheberg, Germany, May 3, 2017 – The drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has received a major order from Munich-based energy provider Stadtwerke München GmbH (SWM) to drill two geothermal doublers (four deep drillings) for the production of geothermal energy. With a value in the double-digit million range, the order is one of the largest in the company’s history. The drillings will go into a depth of more than 4,000 meters with work to start later this year. The drillings are part of SWM’s vision for district heating, which calls for Munich to be Germany’s first major city whose district heating will be generated entirely through renewable energies by 2040. Geothermal energy from hot thermal water is key to the production of this heating: Munich is located on top of vast supplies of this environmentally friendly energy, which is contained in easily permeable layers of limestone that are part of the geological layers underneath the city. “SWM has opted for one of Europe’s most experienced geothermics specialists,” says Josef Daldrup, CEO of Daldrup & Söhne AG. “We are excited to support SWM in implementing their 100 percent renewable energies strategy, and to establish geothermal energy as a climate-friendly local heat supplier on an industrial scale for Munich with its more than one million inhabitants.” 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 Press & Investor Relations Contact: Daldrup & Söhne AG
03.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | info@daldrup.eu |
Internet: | www.daldrup.eu |
ISIN: | DE0007830572 |
WKN: | 783057 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP News Service |