FRIEDRICH VORWERK wins contract for the realization of district heat pipeline and station in Bremen worth more than € 45 million
|
DGAP-News: Friedrich Vorwerk Group SE
/ Key word(s): Incoming Orders
FRIEDRICH VORWERK wins contract for the realization of district heat pipeline and station in Bremen worth more than € 45 million Tostedt, 13 January 2022 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins the major contract for the realization of the district heat interconnector pipeline and the associated block station in Bremen with an order volume of more than € 45 million, thus demonstrating FRIEDRICH VORWERK's excellent technology and implementation competence in the field of district heating. The planned district heat interconnector pipeline forms a key component of the successful heat transition ("Wärmewende") in the city of Bremen by transporting climate-friendly district heat generated in the waste-to-energy plant Bremen to neighboring urban areas. The new interconnector will enable a replacement of coal powered heat currently generated at the Hastedt power plant. The project thereby makes a significant contribution to reducing the carbon footprint of Bremen. In addition to the district heat pipeline, FRIEDRICH VORWERK was also awarded the planning and realization of the block station that will distribute the district heat and ensure the necessary pressure levels within the system. This underlines the company's successful combination of engineering expertise in integrated energy infrastructure systems. Works on the project are scheduled to begin as early as the beginning of 2022. District heat is considered a key pathway to the decarbonization of the building sector. By 2030, the technology is targeted to account for at least 30 percent of the heat consumed in buildings - some estimates even see 45 percent as realistic. Against this backdrop, substantial investment of up to €33 billion and numerous large-scale projects will be required to expand Germany's district heating networks by 2030. Based on its broad portfolio of services and technologies as well as decades of experience in the planning and implementation of district heat projects, FRIEDRICH VORWERK expects demand in this area to grow strongly over the next years. Contact Friedrich Vorwerk Group SE Management Board Chairman of the Supervisory Board Court of Registration
13.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Friedrich Vorwerk Group SE |
| Niedersachsenstraße 19-21 | |
| 21255 Tostedt | |
| Germany | |
| E-mail: | hameister@friedrich-vorwerk.de |
| Internet: | www.friedrich-vorwerk.de |
| ISIN: | DE000A255F11 |
| WKN: | A255F1 |
| Listed: | Regulated Market in Frankfurt (Prime Standard) |
| EQS News ID: | 1268507 |
| End of News | DGAP News Service |
|
|
1268507 13.01.2022
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.