2G Energy Records All-Time High Order Backlog in August

2G Energy AG, a leading manufacturer of combined heat and power (CHP) systems and heat pumps, has announced a record-high order backlog in excess of EUR 220 million as of the end of August 2024. This milestone matches the previous peak of EUR 220.8 million in June 2022.

The significant order intake is primarily driven by international sales in regions like Eastern Europe, the USA, and Asia. This growth contrasts with a caution observed in the German market due to complex energy policies. The company’s strengthened global presence has proven beneficial.

The EU has adopted a new wastewater directive, boosting demand for sewage gas CHP units. This directive mandates a new treatment stage for wastewater, increasing energy consumption by 5-30%. The directive aims for energy-neutral wastewater treatment plants by 2045.

Despite customer delays in construction due to material and labor bottlenecks, 2G's sales for the first half of 2024 reached EUR 131.2 million, a slight decline from the previous year. Nevertheless, the company's service business showed robust performance.

The Management Board has confirmed its sales forecast for the current year and raised the lower forecast limit for 2025 to EUR 410 million. The stable order intake supports this optimistic outlook.