2G Energy AG (2GB); receives an order from Siemens

Published on 23-07-2019 08:23:00
Author Sparks Team

2G Energy (2G), a manufacturer of gas driven combined heat and power (CHP) systems, announced yesterday it has received an order for its hydrogen-driven CHP systems from Siemens AG.

The system will be part of a pilot project that Siemens develops in Dubai in order to produce hydrogen with use of solar power. 2G expects it will deliver and install the system by the end of the year.

The company has already received an order for a hydrogen-powered CHP plant in Germany in July 2019, as well as initial enquires from abroad. Due to a positive development of the order backlog and a growing service business, the company anticipates its FY19 sales will reach the upper end of the guidance of €210-230m.

Christian Grotholt, 2G’s CEO and founder, commented that ‘We identify keen and broad interest in our hydrogen expertise and are consequently optimistic that we will further expand our technological leadership’.

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