2G Energy (2GB) CMD 2026 summary

Strategic direction and markets

• Grid congestion and rising electricity demand are driving demand for reliable on-site generation; gas engines offer resilience, fast deployment and fuel flexibility.

• Growth spans data centers, mining, grid-constrained industry, peaking plants, biogas, wastewater infrastructure and heat pumps; diversification across products, technologies, geographies and markets remains a strategic pillar.

• Grid connection delays average 5–8 years globally; behind-the-meter projects can plan for 5–10 years until utility power is available.

• Capacity allocation reserves 20%–30% for non-data-center and non-large-project business to retain established customers.

• Network spans more than 70 countries, with entities in 12 countries and more than 50 sales and service partners.

North American growth

• 270 data-center engines sold; U.S. pipeline is ~3 GW, including ~1 GW of advanced-stage projects or customer LOIs; gas-engine opportunity could exceed 30 GW.

• Projects include 350 MW in Texas, 50 MW in Ohio and a 275 MW Energy Vault order for New Mexico; order book extends into 2028.

• 250 MW of delivery capacity remains available in 2028; reciprocating engines are positioned for 15–24-month deployment.

• Data-center service agreements typically run 15–20 years and could generate more than $100 million in annual service revenue as units are commissioned; service is expected to start in mid-2027.

• Demand-response products have EPA/UL certification and 15+ units sold, with up to 50 targeted in 2026 and capacity for 20 monthly deliveries in 2027; U.S. rental fleet target is 60 MW by end-2027.

International growth opportunities

• Mining capacity sold reached 90 MW, with deliveries through Q2 2028; a further >50 MW is under negotiation for H2 2028–early 2029. Australian studies indicate ~7.5 GW of additional power demand over the next decade.

• Mining projects typically involve 10–20-year power purchase agreements.

• More than 100 MW of CHP capacity has been supplied to Ukraine for critical infrastructure; private-sector orders and further public tenders are expected.

• EU wastewater rules require treatment plants to develop renewable energy supply by 2045; India has 700+ wastewater plants in planning or construction.

• Data-center pipeline outside the U.S. and Europe is ~500 MW; on-site generation is gaining traction in Japan, Australia, Thailand and Malaysia.