EQS-News: Daldrup & Söhne AG receives drilling contract for geothermal doublet in Prenzlau, Germany

CORPORATE NEWS

 Daldrup & Söhne AG receives drilling contract for geothermal doublet in Prenzlau, Germany

 

• Project volume in Prenzlau approx. 5.2 million euros
• Generational change on the Supervisory Board: Mr Steffen Kanitz
  appointed

Oberhaching / Ascheberg, 13 May 2025 – Daldrup & Söhne AG (ISIN DE0007830572), a drilling technology and geothermal energy specialist, has received an order from Stadtwerke Prenzlau GmbH to upgrade and recommission an existing borehole (as an injection well) and to drill a new vertical well (as a production well) to a depth of approximately 1,000 metres. The project volume for Daldrup & Söhne AG amounts to around 5.2 million euros. The project is scheduled to start in the third quarter of 2025. The geothermal doublet in Prenzlau will provide district heating for up to 5,500 households. The project is being subsidised for the client by funds from the Federal Government's programme for efficient heating networks (BEW).

 

Bernd Daldrup, CEO of Daldrup & Söhne AG, on the prospects for geothermal heat for municipalities: ‘Prenzlau is a good example of how even relatively low temperatures of an expected 44 degrees Celsius can be used to provide affordable and sustainable heat for citizens. In the new federal states, district heating networks account for 30 per cent of the heat supply, compared with around 10 per cent in the old federal states. There is room for expansion here, and this is being substantially supported by federal funding for efficient heating networks, among other things. As part of municipal heat planning, Daldrup & Söhne AG expects strong growth in demand for the development of domestic geothermal energy for local and district heating in the coming years.

 

Steffen Kanitz appointed as new member of the Supervisory Board

Daldrup & Söhne AG is continuing the generational change in the company's governing bodies. Long-standing member of the Supervisory Board Heinrich Goßheger has resigned from his position with effect from 31 March 2025. The local court has approved Daldrup & Söhne AG's request to appoint Steffen Kanitz (born 1984) as a member of the Supervisory Board with effect from 1 April 2025 until the Annual General Meeting on 28 August 2025. He holds a degree in business administration and is a member of the Executive Board of RWE Power AG. From 2013 to 2017, he was a member of the German Bundestag for the CDU/CSU and subsequently held a management position at BGZ Gesellschaft für Zwischenlagerung mbH and was managing director of Bundesgesellschaft für Endlagerung mbH (BGE).

 

Dr. Michaela Daldrup-Arnold, member of the Supervisory Board of Daldrup & Söhne AG, said of the appointment: ‘We are convinced that in Steffen Kanitz we have found a person who can support Daldrup & Söhne AG in an appropriate manner with his economic and energy policy expertise and his networks. The Supervisory Board would like to thank Heinrich Goßheger for his trustworthy and constructive work. He has accompanied the company through a challenging period in which decisive steps were taken to set the course for the future business direction.’

 

Note

Upcoming IR roadshows / conferences / events:

• 30 May 2025: Publication of the consolidated financial statements and
  annual report as of 31 December 2024
• 28 August 2025: Annual General Meeting, Dortmund
• 1–2 September 2025: Autumn Conference, Frankfurt

 

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history of more than 75 years is a specialised provider of drilling and environmental services and is positioned among the leading companies in Germany. Its activities are divided into the business areas Geothermal, Resources & Exploration, Water Extraction and Environment, Development & Services (EDS). In the Geothermal Energy business sector, drilling services are provided both for near-surface geothermal energy (especially geothermal probes for heat pumps), but above all also drilling services for deep geothermal energy of up to 6,000 m, in order to use the geothermal energy thus accessible for the generation of electricity and/or heat. In the Raw Materials and Exploration business sector, the wells drilled by Daldrup & Söhne AG are used for exploration as well as mineral raw materials and ores (e.g. copper and gold). This division also provides drilling services in the context of finding a safe final repository for nuclear waste. The Water Extraction business area includes well construction for the extraction of drinking, industrial, medicinal, mineral, boiler feed or cooling water as well as thermal brine. The business area Environment, Development & Services (EDS) comprises special environmental engineering services such as the hydraulic remediation of contaminated sites, the construction of gas extraction wells for the extraction of landfill gas, the construction of groundwater quality measuring points or the construction of water purification plants.

 

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment of the Open Market of the Frankfurt Stock Exchange) and part of the Scale30 Index.

 

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation of an offer to buy or subscribe for securities. This publication and the information contained therein are not intended for direct or indirect distribution in or within the United States of America ("USA"), Canada, Australia or Japan.

 

Presse- & Investor Relations Contact

Daldrup & Söhne AG

Falk von Kriegsheim

     Fon +49 (0)2593-9593-29

     Fax +49 (0)2593-9593-60

Bajuwarenring 17a   ir@daldrup.eu

82041 Oberhaching   www.daldrup.eu

 

 

Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
ir@daldrup.eu
www.daldrup.eu