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Greenvironment: RWE Energiedienstleistungen GmbH is becoming shareholder of Dezentrale Energien Schmalkalden GmbH
01. December 2011:Stadtwerke Schmalkalden GmbH and Greenvironment Plc (WKN: A1JLT1 / Symbol: GIV1) are pleased to announce that RWE Energiedienstleistungen GmbH (RWE ED) acquired a 30 percent equity stake in Dezentrale Energien Schmalkalden GmbH (DES). The Federal Cartel Office has no objections to this transaction.
DES (www.dezentrale-energien.com) plans, finances, builds and operates CHP-plants within the area of Thuringia. The company is owned by Stadtwerke Schmalkalden GmbH (www.stadtwerke-schmalkalden.de), Greenvironment Plc and Heisenberg Energie GmbH.
RWE ED will become a co-owner of DES effective from 1st January 2012. DES is targeting the market in Thuringia (Germany) to win new customers for all partners. In addition to energy efficiency consultancy for industrial customers and energy controlling, DES was founded to realize district heating and contracting projects in Germany. The main focus is on combined heat and power, renewable heat supply and biogas applications.
Thomas Kaminski, mayor of the town of Schmalkalden, said: "Three years ago we started the cooperation with Greenvironment to set the course for the future of our city with an innovative company. We wanted and want to jointly build decentralized power plants of the highest technical level in order to supply the local district heating network with affordable and renewable energy. To this end we decided that innovative microturbine technology should be used, even though it was not prevalent at that time, since the overall efficiency and high availability were very impressive."
René Killenberg, Managing Director of Stadtwerke Schmalkalden GmbH and DES Managing Director, said: "The cities and municipalities of the future are using their municipal utilities to produce their own power and heat with high efficiency cogeneration plants and renewable energies, and through that approach they are becoming pioneers of sustainability. Thanks to a focus on renewable and highly efficient energy production plants, municipal utilities can provide electricity and heat to their local community, companies, manufacturers and citizens in a sustainable and resource-responsible manner."
"DES is already now covering 10 percent of the energy needs of domestic customers from Schmalkalden with electricity produced by the existing turbine plants. By 2020, it could already be 50 percent. Thanks to the cooperation with our strong partner RWE ED, we are able to expand our model to the whole of Thuringia, and not only regionally," adds Mr. Killenberg.
Dr. Erik Beckedahl, Head of Customer Relationship Management of RWE Energiedienstleistungen GmbH, said: “This is an excellent opportunity for us to develop the decentralized energy production concept together with innovative local partners such as Stadtwerke Schmalkalden.”
Matti Malkamäki, CEO of Greenvironment Plc, said: "The industrial cooperation with RWE has high value for the expansion of Greenvironment and exactly fits into our strategy. The concentration of the business on microturbines and initially on Thuringia will enable an efficient development of the concept.”
About RWE ED
RWE Energiedienstleistungen GmbH (RWE ED) is provider for energy-related services within RWE Vertrieb AG group. With around 250 employees, it offers flexible complete solutions for its 3,000 contracting partners. This includes energy consultancy as well as energy controlling, contracting and district heating. RWE ED operates nationwide 60 district heating plants in 11 provinces whereby around 80,000 customers are supplied with heat. The company's focus is on the development of decentralized energy production by combined heat and power as well as renewable sources of heat supply. With around 200 million Euro turnover, RWE ED is one of the big energy services company in Germany.
About Dezentrale Energien Schmalkalden GmbH
Dezentrale Energien Schmalkalden (DES) GmbH is a locally rooted, medium-sized company. It develops, finances, builds and operates combined heat and power (CHP) plants based on natural gas and biogas. With these plants, DES provides customers in Thuringia cheaper electricity and heat. The highly efficient plants generate energy with low CO2 emissions and are about 15 percent cheaper than the supply from a large power plant.
The company was founded in 2009 with the aim to gradually move the town of Schmalkalden from a centralized to a decentralized power supply. Thereby the city sets special emphasis on the use of local resources such as biomass. In the long run up to 100 percent of the electricity consumed in the city should come from highly efficient and decentralized plants.
Partners of Stadtwerke Schmalkalden GmbH are the decentralized energy company Heisenberg Energie GmbH from Berlin, and the Finnish-German technology company Greenvironment Plc. Both partners have offices in Schmalkalden.
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates cogeneration heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also the new CEO Blog in the investor relations sections of our website www.greenvironment.com.
For further information:
Michael Gawenda
CFO Greenvironment Plc
Tel.: +49 (0)30 311 6712 30
Fax: +49 (0)30 311 6712 59
E-Mail: IR(at)greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
