2G Energy AG
- WKN: A0HL8N
- ISIN: DE000A0HL8N9
- Land: Deutschland
Nachricht vom 22.07.2019 | 13:42
2G Energy AG receives order from Siemens for a hydrogen CHP
DGAP-News: 2G Energy AG / Key word(s): Incoming Orders
- Hydrogen CHP to form part of a pilot project in Dubai
- Management Board expects 2019 net sales to be in the upper range of EUR 210 - 230 million
The green hydrogen is then to be harnessed for emission-free re-generation with the 2G CHP unit. The solar power will be generated in one of the world's largest solar parks, which will be expanded to a capacity of 800 megawatts by mid-2020. This is a pilot project to test how the produced gas can be stored and converted back into electricity, or how it can be utilized for transportation purposes or other industrial applications. 2G is expected to deliver and install the hydrogen CHP by the end of the year.
Siemens also supplied the electrolyzer for the hydrogen CHP project for Stadtwerke Hassfurt. The cooperation in Dubai is now a further sign of confidence in 2G's hydrogen technology and confirms 2G's continuing leading role in research and development in the cogeneration area.
At the beginning of July, 2G received a further order for a hydrogen-powered CHP plant in Germany, and initial enquiries have already been received from abroad. "We identify keen and broad interest in our hydrogen expertise and are consequently optimistic that we will further expand our technological leadership," comments Christian Grotholt, CEO and founder of 2G Energy AG.
2G benefits from global long-term trends that make efficient and effective energy solutions ever more important. These include rising energy demand accompanied at the same time by the need to conserve natural resources. Moreover, in the energy revolution's future electricity market design, the digitalization that 2G consistently implements 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 cogeneration of mechanical energy and heating/cooling make CHP technology more efficient and more environmentally compatible than conventional energy production methods. Compared with conventional electricity generation, CHP technology saves up to 40 percent of primary energy, and emits up to 60 percent less carbon dioxide and nitrogen oxide. 2G customers thereby benefit consistently from economically and ecologically highly beneficial innovations that rapidly pay for themselves and create extensive added values.
2G employs around 640 staff at its headquarters in Heek, Germany, in St. Augustine, USA, as well as at five other European locations. The company is active in a total of 50 countries and generated net sales of EUR 209.8 million in the 2018 financial year. 2G was founded in 1995 and has been listed on the stock market since 2007. The shares of 2G Energy (ISIN DE000A0HL8N9) are listed in the "Scale" segment of the Frankfurt Stock Exchange. The share capital amounts to EUR 4,430,000, and is divided into 4,430,000 shares. As of June 31, 2019, company founders Christian Grotholt and Ludger Gausling held a 53.0 % interest in the company, with the free float amounting to 47.0 %.
|Company:||2G Energy AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange|
|EQS News ID:||844689|
|End of News||DGAP News Service|
Fonds Research 2019: S.E.A. Asian High Yield Bond bietet attraktive Investitionschance
Auch 2019 hat die GBC AG unter der Vielzahl an Publikumsfonds neun „Fonds Champions“ herausgefiltert. Darunter auch den S.E.A. Asian High Yield Bond (ISIN: LU1138637738), der eine gute Anlagechance anbietet mit einer Strategie, die kaum reproduzierbar ist. Insbesondere vor dem Hintergrund des anhaltenden Niedrigzinsniveaus sehen wir den Anleihefonds als äußerst attraktive Investitionschance, um nachhaltige und volatilitätsarme Renditen zu erzielen. Wir haben den S.E.A. Asian High Yield Bond mit 4 von 5 Falken eingestuft.
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