2G Energy AG Announces Significant Order Increase and Dividend Proposal

2G Energy AG, renowned manufacturers of combined heat and power (CHP) systems and heat pumps, reported a 26% increase in order intake in the first quarter of 2024, reaching EUR 51.7 million. The growth was marked by a robust performance in the U.S., where orders quadrupled to EUR 10.1 million. This surge is attributed to the Inflation Reduction Act, fostering increased activity in sustainable energy projects.

In Germany, 2G Energy achieved a first by selling a CHP system combined with a heat pump, designed to efficiently serve approximately 250 local consumers in a rural heating network. This system integration emphasizes 2G Energy’s ability to deliver sustainable and economically viable energy solutions.

Simultaneously, the company announced a proposed dividend increase of 21% to EUR 0.17 per share, reflective of a solid financial performance with a net profit of EUR 13.6 million in the last fiscal year. This proposal will be presented for approval at the AGM scheduled for June 4, 2024.