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:
ir@2-g.de
Internet: www.2-g.de