Greenvironment steps up its activities in Eastern Europe

Greenvironment steps up its activities in Eastern Europe

ID: 25666

(firmenpresse) - - GGC jointly owned by Gascontrol and Greenvironment founded on 1st of October 2010 in Havirov
- First order for new product line: microturbine CHP together with Calnetix ORC turbine
- 65 kW installation for tri-generation at technical university Sulechow

Berlin, 7th October 2010 – Greenvironment plc has founded on 1st of October 2010 a new subsidiary called “GGC spolecnost s r.o.” based in Havirov in the Czech Republic. GGC is a jointly owned company of Greenvironment plc and Gascontrol spolecnost s r.o.. The aim of the joint venture is the distribution and operation of decentralized power solutions in the Czech and Polish markets.

Greenvironment will develop GGC to become the Organic Rankine Circle (ORC) system integrator for the Greenvironment Group. For this Greenvironment will bring into GGC one of its own Calnetix ORC turbines to Havirov to be installed on top of a 800 kW microturbine plant beginning of 2011.

"The developments in Eastern Europe throughout offer great potential for Greenvironment. The establishment of GGC comes at the very right time facing great demand for reliable distributed power solutions mainly from industrial customers. Local foothold, local engineering capabilities and established networks in the markets, is the key to success," says Greenvironment COO Peter Dorner.

Mr Matti Malkamäki, CEO of Greenvironment plc, states: "Having recently closed a deal for the installation of a 65kW turbine for tri-generation with the technical university in Sulechow, it is just one example that the demand steps up also from academic side for viable and efficient power generation solutions. Also we see improvements in Eastern Europe in terms of legal stability for the renewable energy production and eased project financing capabilities for potential customers, thus we are confident for the forecasts given towards Eastern Europe beginning of this year."


About Gascontrol





Since its foundation in June 1992, Gascontrol has specialized on research, production, assembly and service of gas pipelines, water supplies and sewerage equipment for the Czech Republic. Gascontrol provides its services to small consumers, industrial companies, distribution companies as well as for cities and municipalities. More information can be found at www.gascontrol.cz.

About Greenvironment:

Greenvironment is a European company active in the decentralized energy generation market and plans, builds and operates cogeneration heat and power plants (CHP) utilising microturbine technology. The company offers CHP plants in a power range of 30 kWel to 1 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas.

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: www.greenvironment.com.


For further information:

Matti Malkamäki
CEO Greenvironment plc
Tel.:+49 (0)30 311 6712 30 begin_of_the_skype_highlighting              +49 (0)30 311 6712 30      end_of_the_skype_highlighting begin_of_the_skype_highlighting              +49 (0)30 311 6712 30      end_of_the_skype_highlighting
Fax:+49 (0)30 311 6712 59
E-Mail: IR(at)greenvironment.com


Legal Disclaimer
This press release contains forward-looking statements based on 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.




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Bereitgestellt von Benutzer: irw
Datum: 07.10.2010 - 09:12 Uhr
Sprache: Deutsch
News-ID 25666
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