2G Energy focuses on heat pumps and data center solutions

05.09.2025

Source: E & M powernews

2G Energy increased its turnover in the first half of the year thanks to strong business with new systems. New business areas such as large heat pumps should secure further growth.

The German CHP and large heat pump manufacturer 2G Energy significantly increased its sales by 30 percent to EUR 169.9 million in the first half of 2025, the company announced on September 4. The largest contribution came from the new systems business, which grew by 55% to EUR 82.7 million. Service sales increased by 12 percent to 87.2 million euros. Total operating performance rose to 193 million euros.

Earnings before interest and taxes (EBIT) increased to 5.7 million euros after 4.1 million euros in the previous year. The EBIT margin climbed slightly to 3.3%. While positive exchange rate effects supported earnings in 2024, negative effects had a negative impact in 2025.

New business areas to strengthen growth

2G Energy, based in Heek (North Rhine-Westphalia), has expanded its portfolio. According to the company, the market launch of large heat pumps went according to plan - with incoming orders in the target corridor of at least 10 million euros for the current year. The drivers are municipal heating plans and increased demand from industry. According to 2G's Management Board, one reason is the introduction of an industrial electricity price. This should "reduce the operating costs of large heat pumps by around a third", the company writes in its annual report.

At the same time, according to 2G, the Green Cube concept, a combination of CHP system and heat pump, is meeting with pleasing demand from municipal utilities and medium-sized companies. The company has also founded the Data Center Solutions division. With the container concept, the company offers turnkey standard solutions, especially to operators of data centers, which allow the energy supply to be quickly and precisely tailored to the available space and power requirements.

Waiting for biomass package depresses profit expectations

On the product side, the company is also about to launch the demand-response genset in the US market. These gensets can be used flexibly for off-grid electricity production or for grid stabilization (we reported).

In addition to the new systems business, major project contracts in the second quarter and consistently high factory output contributed to the increase in sales. Regionally, the greatest growth came from Europe, where sales almost quadrupled. In Germany, sales of CHP systems increased as a result of the EEG and KWKG amendments. Incoming orders across the Group grew by 18% to 110.7 million euros, while the order backlog reached 219.8 million euros. This means that production is fully utilized until mid-2026.

Due to the pending approval of the EEG biomass package by the EU, the Executive Board adjusted the forecast for 2025 to the lower limit: sales of 430 to 440 million euros are expected. However, as the current order backlog is at a record level and demand remains high, the Executive Board is confirming the 2026 revenue forecast with expected annual revenue of EUR 440 to 490 million.

The newly composed management team has published a financial report for the first time. Since August, the Management Board has been working in a team of three under the chairmanship of Pablo Hofelich (CEO), together with Friedrich Pehle (CFO) and Frank Grewe (CTO). Christian Grotholt and Ludger Holtkamp left the Management Board as planned at the end of July (we reported).

Author: Heidi Roider