2G Energy Continues to Grow: Order Intake Rises by 9 Percent in the First Quarter of 2025

Heek, Germany – 2G Energy AG, a leading manufacturer of combined heat and power (CHP) systems and producer of heat pumps, successfully continued its growth trajectory in the first quarter of 2025. The company recorded an order intake of €56.5 million – an increase of 9% compared to the same period in the previous year (Q1 2024: €51.7 million).

Domestic business performed particularly well. Order intake in Germany rose by 53% to €35.9 million (Q1 2024: €23.5 million). This growth is attributed to the revision of the Renewable Energy Sources Act (EEG) in January 2025 and the extension of the CHP Act. 2G particularly benefited from its many years of experience with existing installations, which are being upgraded with additional power generation units to enhance operational flexibility.

In North America, the year began with a weaker order intake of €4.1 million, down from €10.1 million in Q1 2024. This was due to frontloaded purchases caused by the expiration of the Inflation Reduction Act at the end of 2024. According to 2G Energy, this led to temporarily lower order volumes in the early weeks of 2025. However, order intake in the U.S. rebounded strongly later in the quarter and, despite the ongoing tariff issues since early February, returned to a stable and sustainable level. Overall, 2G Energy expects positive developments in the U.S. market. In the near to medium term, demand for electricity is expected to rise sharply, particularly due to the growing number of data centers across the United States. The rapid deployment of flexible, efficient, and reliable power plants – with or without thermal energy recovery – will therefore be of fundamental importance for the sustainable development of the U.S. economy, according to 2G Energy.

Overall, Germany led the regional distribution of order intake in Q1, accounting for 64% of the total. The rest of Europe contributed 19%, North America 7%, and the rest of the world 10%.

The Management and Supervisory Boards are proposing a dividend increase to €0.20 per share at the Annual General Meeting on June 12, 2025 – an increase of 18% compared to the previous year.

2G Energy considers itself well positioned with its combination of CHP systems, large-scale heat pumps, and peak load units to meet the demands of a decarbonized, flexible energy supply. More than 9,000 of the company’s systems are in operation worldwide.

Source: IWR Online, 29 Apr 2025