2G Energy AG, a leading manufacturer of combined heat and power (CHP) systems and large heat pumps, has once again secured new orders exceeding EUR 400 million in the third quarter, according to a company announcement. The result underscores the accelerating demand for decentralized energy solutions, particularly from the data center industry, and has prompted the Management Board to raise its medium-term revenue forecast.
The data center business continues to be the primary growth engine. During the third quarter, 2G secured another major order from a data center customer for the delivery of containerized power plants with a total volume of 275 MW. This single order exceeds 2G’s total production for fiscal year 2025. As is customary for large-scale orders, 2G only reports new orders after the contract is signed and a down payment—typically 20% to 30% of the order value—has been received. The customer made a substantial mid-double-digit million down payment, part of which was used to secure the supply chain. In addition, a previously announced major order from the mining sector was finalized in July.
Beyond data centers, traditional markets and segments are also showing encouraging developments, with double-digit growth rates in some cases. The heat pumps business unit is meeting high expectations and still expects order intake of up to EUR 30 million for the full year 2026.
Reflecting this exceptionally positive order trend, the Management Board is raising its revenue forecast for 2027 to EUR 600 to 650 million, up from the previous range of EUR 570 to 620 million. For the first time, the company has issued guidance for 2028, estimating revenue between EUR 750 and 850 million. Since revenue of EUR 490 million is still expected for the current year, the 2027 forecast implies year-over-year growth of 22.5% to 33%. The Management Board also continues to expect an EBIT margin above 11% starting in 2027. For 2028, the company anticipates above-average growth of at least EUR 100 million on an annual basis, but possibly as much as EUR 250 million. The new assembly hall at the Heek site, scheduled to commence operations at the end of 2027, and the gradual expansion of the workforce already underway, will support achieving the upper end of this forecast.
2G closed the first half of 2026 with total output of EUR 184.0 million, down 4.7% from EUR 193.0 million in the prior-year period, and an EBIT margin of 0.6% compared to 3.3% a year earlier. The decline was largely due to an exceptionally large number of short-notice orders for Ukraine in early 2025 that did not repeat. Revenue from new plants amounted to EUR 52.7 million, down 36.4% from EUR 82.7 million, while service revenue was EUR 83.5 million, only 4.3% below the prior year, with the second quarter already exceeding the prior-year figure. The cost of materials ratio improved to 58.3% from 63.2% due to a higher share of services. Personnel expenses rose by 17.3% to EUR 49.1 million, reflecting consolidation effects and workforce expansion in anticipation of strong growth. EBIT for the first half was EUR 0.8 million, down from EUR 5.7 million, but liquidity increased significantly to EUR 29.3 million as of June 30, 2026, from EUR 0.1 million at the end of 2025.
The forecast for the current year remains unchanged at the upper end of the range, with revenue of EUR 490 million and an EBIT margin of 9.5% to 10.5%. Work on the first large-scale data center order is proceeding as planned, with delivery of equipment and systems commencing in the fourth quarter and revenue recognized progressively upon arrival of each power plant in the United States. Revenue recognition from the “biomass package” in the German market is also gaining momentum. Further information is available at www.2-g.com.
