EQS-News: ANDRITZ to supply equipment for 'green battery' Ebensee, Austria

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Im Artikel erwähnte Wertpapiere: Andritz I

EQS-News: Andritz AG / Key word(s): Incoming Orders/Miscellaneous
ANDRITZ to supply equipment for 'green battery' Ebensee, Austria

23.11.2023 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


GRAZ/VIENNA, NOVEMBER 23, 2023. International technology group ANDRITZ, a leading company in the field of energy and environmental technologies, has received an order from the Upper Austrian utility Energie AG to supply the electromechanical equipment for the new Ebensee pumped storage power plant. This groundbreaking project not only marks the largest single investment by the energy utility, but also represents a significant step towards climate neutrality.

The advanced pumped storage plant will act as a green battery by balancing fluctuations in power generation from wind and solar plants, thus ensuring security of supply for the population. It takes advantage of the topography to store energy and make it available whenever needed.

Excess energy from renewable sources will be used to pump water from the Traunsee lake into a mountain reservoir 500 meters higher up at Grosser Sonnstein. When needed, the stored water will be released to generate energy that would otherwise have to be produced from fossil sources. ANDRITZ will equip the power plant with a 170-megawatt variable-speed reversible pump turbine, the generator and related automation.

The groundbreaking ceremony took place in October 2023. Scheduled to start commercial operation in 2028, the plant will be able to supply 280,000 households with green electricity.

Given the global increase in energy demand and the growing share of volatile renewable energy sources, economical solutions for storing large amounts of energy are critical. Pumped storage power plants currently represent the most efficient method of storing large amounts of energy for extended periods of time. They therefore play a key role in the clean energy transition.

ANDRITZ is proud to be part of this pioneering project and to make a significant contribution to a clean and sustainable energy future through state-of-the-art equipment and expertise.

– End –

PRESS RELEASE AND PHOTO AVAILABLE FOR DOWNLOAD
The press release and photo are available for download at andritz.com/news. The photo may be published free of charge if the source is stated: “Copyright: Energie AG OÖ”.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ANDRITZ-GROUP

Susan Trast
Vice President Group Communications and Marketing
susan.trast@andritz.com
andritz.com

ANDRITZ HYDRO
DI Alexander Schwab
Senior Vice President Market Management & Corporate Communications
alexander.schwab@andritz.com
andritz.com

ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. Sustainability is an integral part of the company’s business strategy and corporate culture. With its extensive portfolio of sustainable products and solutions, ANDRITZ aims to make the greatest possible contribution to a sustainable future and help its customers achieve their sustainability goals. ANDRITZ is a global market leader in all four of its business areas – Pulp & Paper, Metals, Hydro and Separation. Technological leadership and global presence are cornerstones of the group’s strategy, which is focused on long-term profitable growth. The publicly listed group has around 30,000 employees and over 280 locations in more than 40 countries.

ANDRITZ HYDRO
ANDRITZ Hydro is one of the world's leading suppliers of electromechanical equipment and services for hydropower stations in the dynamically growing global renewable energy market. Based on 180 years of experience and a global installed capacity of 470 gigawatts, we offer innovative solutions for new and existing hydropower stations, from small hydropower to large-scale plants. State-of-the-art digital solutions, comprehensive services for the operation and maintenance of entire hydropower plants, and turbo generators for the thermal industry complete the portfolio.



23.11.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com


Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1779675

 
End of News EQS News Service

1779675  23.11.2023 CET/CEST

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