Thursday, October 4, 2018

Germany: Drilling Technology and Geothermics Specialist Reports Progress on Three Geothermal Energy Projects

Daldrup & Söhne AG posts positive half-year results (News Release)

The German drilling technology and geothermics specialist Daldrup & Söhne AG generated a consolidated total output of EUR 22.0 million Euros during the first half of 2018 (previous year: 22.8 million Euros).
  • Landau geothermal power plant: inspection work needed into 4th quarter 2018
  • Taufkirchen geothermal power plant: expansion of electricity generation capacity underway
  • Neuried geothermal power plant: work on project to start shortly
The business situation between January and June 2018 was highly positive thanks to a well-filled order book, full utilization of capacity in all business divisions and ongoing major geothermal drilling projects for Stadtwerke Munich as well as in Belgium and Switzerland. The demand for drilling services and turnkey geothermal power plants continues to be strong from both investors and municipal authorities.

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