E.ON SE, DE000ENAG999

E.ON SE, DE000ENAG999

12.10.2017 - 11:23:22

E.ON SE: E.ON invests in wind turbines for business customers

October 12, 2017E.ON invests in wind turbines for business customers

Startup b.ventus offers single-source solution for wind power generation Short permitting process and small size make turbines ideal for companies

E.ON has bought a stake in b.ventus, a startup whose single-source solution enables business customers to begin producing their own wind power quickly and easily. The centerpiece is a wind turbine specifically designed for this role. With a hub height of at least 30 meters, the turbine can be installed quickly and does not require a lengthy permitting process. It can also be integrated with a customer's existing embedded generation facilities, such as a cogeneration unit or solar array. E.ON made the investment as part of :agile, its accelerator and incubator to support energy-related startups.

b.ventus handles everything for its customers, from installation to operations. Permitting, which is not subject to Germany's regional planning process or the Federal Immission Control Act, only takes a few months. b.ventus will maintain and, if necessary, repair the turbine. The company guarantees 95 percent availability. Ideally, a customer's investment in the turbine will pay for itself in just six years.

Avacon and E.DIS, two of E.ON's regional energy supply companies in Germany, acquired stakes in b.ventus. E.ON Kundenservice Netz, Fallersleber Elektrizitäts-Aktiengesellschaft (FEAG), and the Leitner Group, who has been working with Leitwind in the production of wind turbines for 10 years, also have shares in the company.

"We chose b. ventus as a partner because the company has developed a promising, innovative business idea that we want to ramp up," says Alexander Montebaur, CEO of E.DIS, explaining E.ON's investment. "This also gives us the opportunity to work closely with other E.ON companies, a renowned medium-sized enterprise, and one of our regional partners."  

Wind turbine technical data

Hub height 29 meters

Rotor diameter 42 meters

Maximum rotor height 50 meters

Generator 250 kilowatts, direct drive

Rotor revolutions per minute 27.3  

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

For information please contact:

Alexander Ihl T 02 01-1 84-42 24alexander.ihl@eon.com

End of Media Release Issuer: E.ON SE Key word(s): Energy

12.10.2017 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: E.ON SE Brüsseler Platz 1 45131 Essen

Germany Phone: +49 (0)201-184 00 E-mail: info@eon.com Internet: www.eon.com ISIN: DE000ENAG999 WKN: ENAG99 Indices: DAX, EURO STOXX 50 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange   End of News DGAP Media

618203  12.10.2017 

@ dgap.de

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