DGAP-News: 2G Energy AG / Key word(s): Personnel/Incoming Orders
Changes of 2G Energy AG Supervisory Board
- Prof. Dr. Christof Wetter and Dr. Jürgen Vutz now succeeding Heinrich Bertling and Wiebe Hofstra
- Order intake stable at high level in Q4 2020 (EUR 36.8 million; previous year: EUR 36.1 million), including high order backlog EUR 111.2 million for 2021 (Prior year: EUR 116.8 million).
- 2G Energy AG awarded ESG Prime Rating
"At the same time, we welcome Prof. Dr. Christof Wetter (61), a renowned expert in the field of environmental technology as well as biomass utilization and recycling. With Dr. Jürgen Vutz (64), we are also gaining an experienced corporate executive on the Supervisory Board, who was most recently active as Chairman of the Board of Windmöller & Hölscher KG for around 20 years."
Prof. Dr. Wetter and Dr. Vutz were appointed to the Supervisory Board by the Local Court. The Supervisory Board elected Dr. Vutz as Deputy Chairman of the Supervisory Board.
Order intake in the fourth quarter slightly above the prior year level
"Every natural gas engine we develop is potentially also a hydrogen engine, because these engines become - if desired - "H2-ready" through a subsequent conversion and thus make a fundamental contribution to decarbonization," says CEO Christian Grotholt. "It is therefore very pleasing that we have been able to significantly increase the proportion of CHP units with such forward-looking engines."
In view of the strong order backlog - in spite of a large number of projects finally invoiced in the fourth quarter - the Executive Board is confident of achieving sales revenues of between EUR 240 and 260 million in the current fiscal year.
"Achieving "Prime" status underlines the progress 2G is making in implementing its sustainability strategy and is also an incentive to further step up our efforts in this area," as Friedrich Pehle, CFO of 2G Energy AG explained.
2G benefits from global long-term trends that make efficient and decentralized energy solutions ever more important. These trends include not only rising energy demand but also the need to conserve natural resources. The parallel generation of electrical and thermal energy makes CHP technology more efficient and climate-compatible than conventional energy production methods, especially when, for example, hydrogen of regenerative origin is utilized as fuel. 2G power plants can offset wind and solar power plant production fluctuations as required, thereby forming a backbone technology for future supply concepts. 2G's customers thereby benefit consistently from economically and ecologically highly beneficial innovations that rapidly pay for themselves and create extensive added values.
2G is consistently expanding its technological leadership through continuous research and development work, both in gas engine technology for natural gas, hydrogen and biogas applications, as well as in specific software development. 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 establishes a high barrier to market entry for competitors.
2G employs around 700 staff at its headquarters in Heek, Germany, in North America, as well as at five other European locations. The company is active in more than 50 countries and generated net sales of EUR 236 million in the 2019 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. As of Tuesday, June 30, 2020, company founders Christian Grotholt and Ludger Gausling held a 52.3 % interest in the company, with the free float amounting to 47.7 %.
2021 calendar dates
28.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
2G Energy AG
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
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