CORPORATE NEWS

Daldrup & Söhne AG receives order to revise existing boreholes at the Kirchweidach geothermal power plant

• Order volume of circa 3 mio. Euro

Oberhaching / Ascheberg, January 8, 2024 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has been awarded a contract by Geoenergie Kirchweidach GmbH, Regensburg, for the revision of the existing, approximately 5,000 m long "Kirchweidach Gt2a" borehole in the district of Altötting. The project volume of the general contractor agreement amounts to around three million euros. The overhaul is intended to secure and expand the available output of the deep geothermal combined heat and power plant, which has been in operation since 2011. In addition to the revision of the boreholes, the contract for Daldrup und Söhne AG also includes the detailed planning services scheduled for mid-2024. Work on the borehole is scheduled for completion in spring 2025. With the maintenance work, the client is ensuring the long-term value retention of the boreholes and thus the power plant output.

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history of more than 75 years is a specialised provider of drilling and environmental services and is positioned among the leading companies in Germany. Its activities are divided into the business areas Geothermal, Resources & Exploration, Water Extraction and Environment, Development & Services (EDS). In the Geothermal Energy business sector, drilling services are provided both for near-surface geothermal energy (especially geothermal probes for heat pumps), but above all also drilling services for deep geothermal energy of up to 6,000 m, in order to use the geothermal energy thus accessible for the generation of electricity and/or heat. In the Raw Materials and Exploration business sector, the wells drilled by Daldrup & Söhne AG are used for exploration as well as mineral raw materials and ores (e.g. copper and gold). This division also provides drilling services in the context of finding a safe final repository for nuclear waste. The Water Extraction business area includes well construction for the extraction of drinking, industrial, medicinal, mineral, boiler feed or cooling water as well as thermal brine. The business area Environment, Development & Services (EDS) comprises special environmental engineering services such as the hydraulic remediation of contaminated sites, the construction of gas extraction wells for the extraction of landfill gas, the construction of groundwater quality measuring points or the construction of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment of the Open Market of the Frankfurt Stock Exchange) and part of the Scale30 Index.

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