DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
Daldrup & Söhne AG: Stadtwerke München expand order to commission six deep geothermal drillings for a geothermal power plant
- Drillings are part of Munich's municipal utility plan to provide district heating from 100% renewable energy sources
Grünwald / Ascheberg, Germany, 9 April 2018 - The drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has a received a major additional order for the extraction of geothermal energy from Munich-based energy provider Stadtwerke München (SWM). The order carries a value in the upper single-digit million euro range. The additionally commissioned doubler drill (production and injection drill) is connected to the drillings commissioned by SWM in the spring of 2017 (see press release of May 3, 2017). The drillings will go into a depth of 4,000 metres. Preparations for the initial two doubler drills are currently underway on the site of Munich's oldest conventional thermal power station HKW South, which is located in Munich's Sendling district. Drilling is projected to start within the next couple of weeks. The plan is for the new geothermal power plant to produce approximately 50 MW of environmentally friendly district heating for around 80,000 Munich households. The new plant is expected to go online in 2020.
The now six geothermal drillings to be undertaken by project partner Daldrup & Söhne are part of SWM's ambitious plan to make Munich Germany's first major city to generate 100 percent of its district heating from renewable energies by 2040. The biggest portion of that heating is to be generated by hot thermal water. Munich is located on top on top of vast supplies of this environmentally friendly energy source, which is contained in easily permeable layers of limestone that are part of the geological layers underneath the city.
About Daldrup & Söhne AG
The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.
The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).
Press & Investor Relations Contact:
Daldrup & Söhne AG
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
09.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Daldrup & Söhne AG|
|Bavariafilmplatz 7 / Gb. 32|
|Phone:||+49 (0) 89 / 45 24 37 920|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|