Atlas Copco Gets German Geothermal Power Plant Order
STOCKHOLM -(Dow Jones)- Atlas Copco Tuesday said it has received an order to supply an expansion turbine for a geothermal power plant in Germany.
The company said the contract follows a similar deal in the United States last year, highlighting the continued growth of the environment-friendly geothermal energy market.
Atlas Copco's Gas and Process division has also agreed to cooperate further with the customer, Exorka International Limited of Iceland.
The aim is to develop and advance the process technology used at the German plant, which differs in some respects from the U.S. geothermal project.
The technology makes possible a wider use of geothermal power generation than in the past, it said.
"This is a breakthrough order for us as it shows we have the technological capabilities to supply customers in all kinds of geothermal energy projects," said Ronnie Leten, Business Area President, Atlas Copco Compressor Technique. " There are numerous other projects planned in the future, and we continue to see great potential in this market."
Add to My Watchlist
What is My Watchlist?