Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has received an order from the city of Frankfurt am Main for a research well on the Rebstockbad site. The purpose of the borehole is to determine the geothermal potential and to gain scientific knowledge about the details of the geological site conditions down to a depth of approx. 800 m. The data obtained during the borehole will be used to determine the geothermal potential.

The results obtained during the drilling will enable the City of Frankfurt to make a well- founded estimate of the total heat potential available and the effort required to extract geothermal energy from the subsoil. The contract value for Daldrup & Söhne AG is around EUR 3.4 million. The drilling work has already begun.