Management review INTRODUCTION PERFORMANCE AND OUTLOOK CORPORATE GOVERNANCE 2024 Performance and results Boosting our R&D activities New factory enables growth Partnerships 2025 outlook SUSTA 2024 in our main markets and applications Conventional energy DEIF’s business within conventional energy solutions, typically gen-sets, saw good growth in 2024, especially within the mid to high-capacity generators. The iE controller series was sold into several different applications to allow customisation and improve energy efficiency. The high cybersecurity of the iE series has made DEIF a preferred supplier at several engine and gen-set builders. Next up is a new iE controller targeting small and medium applications, expected to launch in the second quarter of 2025. New energy Solutions for new energy applications, e.g. batteries and fuel cells grew significantly in 2024, and the growth trend is expected to continue in the coming years. DEIF engaged in several partnerships with front runners in the new energy business of fuel cells, e.g. EODev, HDF and Helium. Asset own DEIF’s business with been growing. The electrification in sector increased th solutions for battery rental business. For rental has acquired battery units for the DEIF controls for th Moreover, Aggreko* controls partner for plants. With the growing in parks, comprising m energy production p sources, we expect with asset owners t coming years. Project business Project sales, which is an important part of our business with all three areas; conventional energy, new energy and asset ow experienced robust sales in 2024. In the marine sector, our cooperation with integrators and switchboard builders continued. In particular, control solutions for and full-electric ships were in demand. Furthermore, the high cybersecurity of DEIF’s iE-series was well-received in the marin On land, the demand for critical power solutions grew, notably for data centres. Our business within off-grid hybrid solutions across markets. * Sunbelt Rentals is a leading equipment and tool rental company. www.sunbeltrentals.com ** Aggreko is a global leader in decentralised energy solutions. www.aggreko.com
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