Daldrup & Soehne AG Secures Major Geothermal Contract in Prenzlau

In a significant development for the energy sector, Daldrup & Soehne AG, a prominent player in drilling and environmental engineering services, has been awarded a substantial contract to enhance geothermal energy capabilities in Prenzlau, Germany. This contract, valued at approximately 5.2 million euros, underscores the company’s expertise in geothermal energy and its commitment to sustainable energy solutions.

Project Overview

The contract 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, known as the geothermal doublet project, is set to commence in the third quarter of 2025. The project is a collaboration with Stadtwerke Prenzlau GmbH, reflecting a growing trend towards renewable energy sources in the region.

Strategic Implications

This contract not only highlights Daldrup & Soehne AG’s technical prowess in geothermal drilling but also aligns with the company’s strategic focus on expanding its geothermal energy portfolio. As a company listed on the Frankfurt Stock Exchange, Daldrup & Soehne AG has demonstrated consistent growth, with a market capitalization of 60.19 million euros and a close price of 10.6 EUR as of May 8, 2025.

Leadership Transition

In tandem with this contract, there has been a notable change in the company’s leadership. Steffen Kanitz has been appointed to the Supervisory Board, marking a generational shift in the company’s governance. This transition is expected to bring fresh perspectives and drive further innovation in the company’s operations.

Future Outlook

With a robust pipeline of projects and a strong focus on sustainable energy solutions, Daldrup & Soehne AG is well-positioned to capitalize on the increasing demand for renewable energy. The company’s involvement in geothermal energy projects not only enhances its market position but also contributes to the broader goal of reducing carbon emissions and promoting environmental sustainability.

For more information about Daldrup & Soehne AG and its projects, visit their website at www.daldrup.eu .