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2G Energy AG: Cooperation agreement with Veolia CHP subsidiary, COGENCO Ltd., strengthens 2Gs market position in the UK.

DGAP-News: 2G Energy AG / Key word(s): Alliance
2G Energy AG: Cooperation agreement with Veolia CHP subsidiary,
COGENCO Ltd., strengthens 2Gs market position in the UK.

02.11.2015 / 08:05

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2G Energy AG: Cooperation agreement with Veolia CHP subsidiary, COGENCO
Ltd., strengthens 2Gs market position in the UK.

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