Corporate | 23 June 2021 09:25

Daldrup & Söhne AG receives order to sink a geothermal well for geothermal power plant in Switzerland

DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
23.06.2021 / 09:25
The issuer is solely responsible for the content of this announcement.

CORPORATE NEWS

Daldrup & Söhne AG receives order to sink a geothermal well for geothermal power plant in Switzerland

Oberhaching / Ascheberg, 23 June 2021 – Drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572) has been awarded a contract by a regional Swiss consortium to drill a well to develop a geothermal aquifer in the Rhone Valley. Drilling with the Drillmec “DS 20” rig with a hook load of 272 tonnes is scheduled to start in October 2021. The contract is worth a mid-single-digit million euro amount.

The well is expected to be drilled to a depth of approximately 3,000 metres. The thermal water will be used to generate electricity and heat. To this end, a consortium plans to build a geothermal power plant using ORC technology (Organic Rankine Cycle) with an electrical output of at least 4.2 GWh and a thermal output of about 15.5 GWh. Part of the heat is also to be made available to a traditional thermal spa and health resort.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America (“USA”), Canada, Australia or Japan.

Press & Investor Relations contact
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
Fax +49 (0)2593-9593-60
Bajuwarenring 17a ir@daldrup.eu
82041 Oberhaching www.daldrup.eu

23.06.2021 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:	Daldrup & Söhne AG
	Bajuwarenring 17a
	82041 Oberhaching
	Germany
Phone:	+49 (0) 89 / 45 24 37 920
Fax:	–
E-mail:	ir@daldrup.eu
Internet:	www.daldrup.eu
ISIN:	DE0007830572
WKN:	783057
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1211075

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