Daldrup & Soehne AG Secures Major Geothermal Contract in Prenzlau
In a significant development for the energy sector, Daldrup & Soehne AG, a leading player in drilling and environmental engineering services, has been awarded a substantial contract to enhance geothermal energy infrastructure in Prenzlau, Germany. The company, listed on the Frankfurt Stock Exchange, announced on May 13, 2025, that it has secured a drilling contract valued at approximately 5.2 million euros from Stadtwerke Prenzlau GmbH.
The project involves the upgrade and recommissioning of an existing borehole to function as an injection well, alongside the drilling of a new vertical well to serve as a production well, reaching depths of around 1,000 meters. This initiative is part of a broader effort to establish a geothermal doublet in Prenzlau, aimed at bolstering the region’s renewable energy capabilities.
Scheduled to commence in the third quarter of 2025, this project underscores Daldrup & Soehne AG’s expertise in geothermal energy solutions and its commitment to advancing sustainable energy practices. The company’s involvement in such high-profile projects not only reinforces its position in the energy equipment and services industry but also aligns with global trends towards cleaner energy sources.
In addition to the project’s technical and environmental significance, the announcement also highlighted a generational shift within the company’s leadership. Steffen Kanitz has been appointed to the Supervisory Board, marking a new chapter in Daldrup & Soehne AG’s corporate governance. This change is expected to bring fresh perspectives and strategies to the company’s operations and future endeavors.
With a market capitalization of 60.19 million euros and a price-to-earnings ratio of 27.66, Daldrup & Soehne AG continues to demonstrate robust financial health and growth potential. The successful acquisition of the Prenzlau contract is likely to further enhance investor confidence and position the company favorably within the competitive landscape of the energy sector.
As Daldrup & Soehne AG embarks on this ambitious project, stakeholders and industry observers will be keenly watching its progress, anticipating the broader implications for geothermal energy development in Germany and beyond.