DGAP-News

2G Energy AG: Successful major CHP project with STEAG goes into operation in Essen

DGAP-News: 2G Energy AG / Key word(s): Miscellaneous/Incoming Orders
2G Energy AG: Successful major CHP project with STEAG goes into
operation in Essen

08.07.2014 / 07:28

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Corporate News

2G Energy AG: Successful major CHP project with STEAG goes into operation
in Essen

Facts relating to 2014 amendment to the German Renewable Energies Act (EEG)
end long period of uncertainty

- 2G acts as general contractor in replacing part of old, coal-fired
heating plant with highly efficient CHP system

- Reference project for further major projects with industrial companies
and utilities

- Investments in decentralized CHP systems remain highly attractive

Heek, July 8, 2014 - 2G Energy AG (ISIN DE000A0HL8N9), one of the leading
manufacturers of combined heat and power (CHP) systems, has acted as
general contractor in installing a turnkey, biomethane-gas driven combined
heat and power (CHP) system for STEAG New Energies in Essen-Rüttenscheid.
2G assumed responsibility for the entire project management for this major
order. In Steag's heating plant, an old, coal-fired boiler unit consisting
of the existing boiler house was replaced by an efficient CHP system with
4.4 MW electric output and 4.1 MW thermal output. The Münsterland-based
company assumed responsibility for all services spanned planning, assembly
of the CHP system and system peripherals, the integration of Steag's
existing systems, and through to commissioning.

Project director and 2G Management Board member Ludger Holtkamp expressed
his satisfaction with how the project had run: "As a general contractor, we
took just nine months to replace an old, conventional, coal-fired heating
plant with a highly efficient CHP system based on biomethane - a
regenerative fuel - that now delivers heating and electricity for regional
consumers. Steag is very satisfied with our performance. As a developer and
manufacturer of CHP systems, we are also a sought-after partner with our
experience with large-scale, turnkey CHP projects that entail construction
measures and integration into existing infrastructure. We are conducting
discussions with STEAG about follow-up orders, and with other municipal
utilities and major industrial companies about similar projects."

Utilities and industrial operations with continuous demand for heating
comprise an important group of customers for 2G. They are gradually
transitioning to decentralized, environmentally compatible and highly
efficient energy supplies, operate regional and district heating grids, and
wish to increasingly structure their energy supplies on an independent