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ER - 2G Energy AG: The LichtBlick SE sales team for 'ZuhauseKraftwerk' smaller power stations moves to 2G

Company: 2G Energy AG Date: 2014-09-04 Language: English Register to download
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 News Details

Corporate | 4 September 2014 07:28

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2G Energy AG: The LichtBlick SE sales team for ‘ZuhauseKraftwerk’ smaller power stations moves to 2G

  

2G Energy AG / Key word(s): Strategic Company Decision/Sales Result  

  

04.09.2014 / 07:28  

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**Corporate News**

**2G Energy AG: The LichtBlick SE sales team for “ZuhauseKraftwerk” smaller power stations moves to 2G**

– **Considerable increase in sales figures for 2G G-Boxes expected in Germany thanks to comprehensive sales and service areas**

Heek, Germany, September 4, 2014 – 2G Energy AG (ISIN DE000A0HL8N9), a leading manufacturer of cogeneration systems, is significantly expanding its sales team and taking over the LichtBlick SE sales network. The energy provider stopped selling ZuhauseKraftwerk-type cogeneration modules in May. Independently of this decision, the 1,000 ZuhauseKraftwerk smaller power plants operated by LichtBlick itself will continue to be serviced directly by the energy provider and its service partners.

The sales team of more than 20 members is to reinforce the 2G sales team for the G-Box 20 (20 kWel and up to 43 kWth) and G-Box 50 (50 kWel and up to 100 kWth). The former LichtBlick sales team members will contribute both their professional experience and a technical understanding of cogeneration systems. Before this time, they had been selling the LichtBlick ZuhauseKraftwerk systems with electrical output of 20 kW. The LichtBlick team is being integrated into 2G Home GmbH, which is responsible for the sales and organization of the system service area through regional firms in the sanitation, heating, and cooling trade (SHC) in this power range. By expanding the sales area, 2G wants to more intensively address the target groups: the housing industry, hotels, health sector, swimming pools, shopping centers, medium-sized industry and the trade, and also significantly increase the sales figures for its own 2G cogeneration systems (no contracting agreements). As a rule, these target groups have a large, often continuous, need for heat and cooling. With the 2G cogeneration systems, they can significantly reduce their energy costs over the long run and make these costs calculable.

Within the framework of the strengthened sales team, 2G will guarantee service for the G-Box 20 and G-Box 50 throughout Germany through partnerships with local SHC companies. The G-Boxes are well-engineered, established cogeneration systems. 2G routinely provides the service force with training on expert commissioning and maintenance of the G-Boxes. Drawing on the established contacts of the SHC operations, 2G promises improved customer access and consequently better market penetration.

2G will generally be using the intensified sales area and the service partnerships to expand its mass production thanks to higher production unit runs for the G-Boxes. These economies of scale will enable considerable unit costs reductions.

  

**2G Energy AG company profile**  

2G Energy AG is amongst the world’s leading manufacturer of cogeneration systems (CHP) for decentralized energy production and supply by means of combined heat and power. The company’s product portfolio includes systems with an electrical capacity between 20 kW and 4,000 kW for the operation with natural gas, biogas or bio methane. So far, 2G was able to successfully install thousands of CHPs in 25 countries. Especially, in the performance range of 50 kW to 550 kW 2G possesses own technological combustion engine concepts characterized by low specific fuel consumptions. Next to the main production site at its headquarter 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 farmers to industrial clients, municipalities, real estate industry, up to municipal utilities and big utility companies. The high level of customer satisfaction is founded on the close-knit service network as well as the high technical quality and performance of 2G power stations. Thanks to the combined heat and power performance they achieve an overall degree of efficiency between 85 percent and well above 90 percent. To further enlarge the technologically leadership the company continuously invests in its R&D activities for gas engines for the use of natural gas, biogas and synthetic gases (e.g. hydrogen). Next to the construction of combined heat and power stations, the company, located in Westphalia in the north-west of Germany, offers integrated solutions reaching from the planning stage and installations to serial service and maintenance work. Due to its decentral locations, scalability and projectable availability combined heat and power stations shall play a crucial role as part of intelligent networked energy systems – so called virtual power stations – within the ongoing switch to clean energy.

In the context of Germany’s new energy policy, CHPs within smart grids – so-called virtual power plants – are becoming rapidly important due to their predictable availability. 2G Energy (ISIN DE000A0HL8N9) is listed in the Entry Standard of Deutsche Börse AG. The share capital amounts to EUR 4,430,000, and is split into 4,430,000 shares. As of December 31, 2013, the company’s founders held 55.9 % of the shares, with the free float amounting to 43.9 %. In 2013 financial year (January 1 to December 31), 2G Energy generated EUR 126.1 million of revenues, EUR 3.1 million of earnings before interest and tax (EBIT), and EUR 1.0 million of net income. The company employs 518 staff as of 31 Dec., 2013.

**Forthcoming events in 2014**  

Sept. 30, 2014 Publication of the half-yearly consolidated financial statements as of June 30, 2014  

Nov. 25-26, 2014 Deutsches Eigenkapitalforum 2014, Frankfurt

**Further information: www.2-g.de**

**Investor relations contact**  

2G Energy AG  

Benzstr. 3  

48619 Heek  

Germany

Telephone: +49 (0) 2568 93 47-2795  

Fax: +49 (0) 2568 93 47-15  

E-mail: ir@2-g.de  

Internet: www.2-g.de

  

  

  

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04.09.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Media archive at www.dgap-medientreff.de and www.dgap.de  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | 2G Energy AG |
|     | Benzstr. 3 |
|     | 48619 Heek |
|     | Germany |
| Phone: | +49 (0)2568-9347-0 |
| Fax: | +49 (0)2568-9347-15 |
| E-mail: | service@2-g.de |
| Internet: | www.2-g.de |
| ISIN: | DE000A0HL8N9 |
| WKN: | A0HL8N |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in Open Market (Entry Standard) |
|     |     |     |

|     |     |
| --- | --- |
|     |     |
| End of News | DGAP News-Service |

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| 284652  04.09.2014 |