2G Energy AG
2G Energy AG: 2G successfully continues internationalization and diversification strategy
DGAP-News: 2G Energy AG / Key word(s): Incoming Orders – Further increase in foreign business despite sharp drop in UK market
– US subsidiary acquires major project (8 MW) as part of partner concept – Mine gas project in France (9 MW) successfully completed – Order book position for CHP systems in Germany and abroad at a good stable level above EUR 100 million
In the USA, new order intake doubled to EUR 10.8 million (previous year: EUR 5.4 million), with such orders continuing to reflect new orders for natural gas driven CHP systems. As expected, new order intake in the United Kingdom decreased due to the reduction of feed-in tariffs at the end of March 2017 (EUR 1.8 million, compared with EUR 6.6 million in the previous year). 2G is already pushing its sales of natural gas driven CHP systems in the United Kingdom, thereby establishing an alternative to the weakening biogas market medium-term. 2G reports an order book position of EUR 107.2 million as of June 30, 2017 (previous year: EUR 106.4 million). Given an almost identical order book position year-on-year, the foreign share increased slightly to 42.4 % (previous year: 41.4 %). The marked reduction in the order book position in the United Kingdom (EUR 4.4 million compared with EUR 18.2 million the previous year) was more than offset by intensified activities in other foreign markets such as the USA, Japan and France, among others. 2G receives order for large-scale project in the USA 2G successfully concludes 9 MW large-scale project in France Along with the construction of combined heat and power stations, the company, located in Westphalia in the northwest of Germany, offers integrated solutions spanning the planning stage and commissioning 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 decentralized 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. 2G CHP plants are able to be integreated into so-called “virtual power plants” using modern control systems and corresponding software. The digitalization, which is consistently implemented by 2G, is 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 trading segment Scale on the Frankfurt Stock Exchange since March 01, 2017. The share capital amounts to EUR 4,430,000, and is divided into 4,430,000 shares. The company’s founders held 53.1 % of the shares as of the end of January 2017, with the free float amounting to 46.9 %. 2017 dates IR contact
02.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | service@2-g.de |
Internet: | www.2-g.de |
ISIN: | DE000A0HL8N9 |
WKN: | A0HL8N |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP News Service |