2G Energy Emerges as a Leader in Hydrogen-Capable CHP Systems with Major US Order
Key Ideas
  • 2G Energy AG secures a significant individual order in the USA worth EUR 17.5 million for 32 hydrogen-capable CHP systems to be installed in nursing homes on the West Coast.
  • The company's third-quarter order intake reaches EUR 80.4 million, a 91% increase from the previous year, with a record order backlog of over EUR 230 million.
  • The order from the US, along with other major orders in Southern Europe and Eastern Europe, demonstrates 2G's technological leadership and growing international demand for decentralized CHP systems.
  • 2G anticipates achieving sales in the upper half of the forecasted range of EUR 410 to 450 million in the upcoming year, highlighting the success of its partner concept and resilience to economic fluctuations.
2G Energy AG, a leading manufacturer of combined heat and power (CHP) systems, has received a substantial order in the United States, totaling EUR 17.5 million. The order entails installing 32 hydrogen-capable CHP systems in nursing homes along the West Coast, showcasing the company's technological prowess. This deal significantly contributed to the third-quarter order intake of EUR 80.4 million, marking a substantial increase of 91% from the previous year, with an impressive order backlog exceeding EUR 230 million. CEO Christian Grotholt expressed optimism about achieving sales at the higher end of the forecasted range of EUR 410 to 450 million for the upcoming year. The company's strategic partner concept and strong international demand, especially in Eastern Europe, are driving this success and insulating 2G from market fluctuations. CTO Frank Grewe emphasized the flagship nature of the US order, highlighting 2G's technological leadership and the earthquake safety certification of their CHP systems. The continued interest in decentralized CHP systems in Eastern Europe, along with significant orders from Southern Europe, underlines 2G's global appeal. With a diverse product portfolio, including CHP plants and large heat pumps operating on various gases, 2G is positioned at the forefront of decentralized energy solutions. The company's efficient systems have already been widely adopted across industries worldwide, reflecting a shift towards secure and decarbonized energy supplies.
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