DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders Daldrup & Söhne AG receives order to sink a geothermal well for geothermal power plant in Switzerland 2021-06-23 / 09:25 The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- CORPORATE NEWS Daldrup & Söhne AG receives order to sink a geothermal well for geothermal power plant in Switzerland Oberhaching / Ascheberg, 23 June 2021 - Drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572) has been awarded a contract by a regional Swiss consortium to drill a well to develop a geothermal aquifer in the Rhone Valley. Drilling with the Drillmec "DS 20" rig with a hook load of 272 tonnes is scheduled to start in October 2021. The contract is worth a mid-single-digit million euro amount. The well is expected to be drilled to a depth of approximately 3,000 metres. The thermal water will be used to generate electricity and heat. To this end, a consortium plans to build a geothermal power plant using ORC technology (Organic Rankine Cycle) with an electrical output of at least 4.2 GWh and a thermal output of about 15.5 GWh. Part of the heat is also to be made available to a traditional thermal spa and health resort. About Daldrup & Söhne AG Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants. The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange). Disclaimer This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan. Press & Investor Relations contact Daldrup & Söhne AG Falk v. Kriegsheim Fon +49 (0)2593-9593-29 Fax +49 (0)2593-9593-60 Bajuwarenring 17a ir@daldrup.eu 82041 Oberhaching www.daldrup.eu =---------------------------------------------------------------------------------------------------------------------- 2021-06-23 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. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- Language: English Company: Daldrup & Söhne AG Bajuwarenring 17a 82041 Oberhaching Germany Phone: +49 (0) 89 / 45 24 37 920 Fax: - E-mail: ir@daldrup.eu Internet: www.daldrup.eu ISIN: DE0007830572 WKN: 783057 Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1211075 End of News DGAP News Service =------------
1211075 2021-06-23
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June 23, 2021 03:26 ET (07:26 GMT)