PEAK Wind and BWSC (Burmeister & Wain Scandinavian Contractor) have entered a strategic partnership to offer new Power-to-X operations expertise to the market. The partnership is a significant step in bringing large-scale green hydrogen plants into operation, combining expertise from the process and renewable energy sectors to create a best-in-class industry standard for the future.

The parties have signed a Memorandum of Understanding (MoU) to offer asset and operations management of large-scale green hydrogen plants globally. This collaboration unites two industry leaders with deep expertise in renewable energy, energy storage, green hydrogen, and large-scale project management to accelerate the transition to sustainable energy.

The EU aims to develop ten million tonnes of annual renewable hydrogen production capacity locally by 2030, while global demand for clean hydrogen is expected to exceed 500 million tonnes per year by 2050. This presents significant potential for the partnership, as both parties have a global presence and are already managing operating portfolios in core regions for green hydrogen development, including Europe, Africa, and Latin America.

“With this partnership, clients can expect a comprehensive offering that combines PEAK Wind’s expertise in wind generation with BWSC’s experience in processing plants and green hydrogen,” said Michael Andersen, Founder and CEO of PEAK Wind. “By providing a single point of contact for the client, we can deliver cohesive strategy, planning, asset management, technological advisory, design, engineering and optimization for developers and investors globally. As a unique partnership in the industry, we will offer operations and asset management services for large-scale hybrid plants, and through our combined offering, work to reduce the levelized cost of green hydrogen.”

“BWSC, known for its expertise in energy project execution, service and plant operation, will contribute its technical knowledge and operational excellence. ‘Partnering with PEAK Wind is an exciting opportunity for us to expand further into the emerging Power-to-X sector. Our combined capabilities will allow us to develop and operate innovative, large-scale energy projects that deliver sustainable and reliable energy solutions,’ commented Dimitris Likouressis, CCO of BWSC.”

The collaboration will focus on developing a portfolio of Power-to-X projects across Europe, Latin America, and Africa, where the demand for green hydrogen and synthetic fuels is rapidly increasing. These projects will leverage the core expertise of each partner:

About PEAK Wind
PEAK Wind is an independent renewable energy specialist, delivering operations and asset management, advisory, and intelligence services for investors, developers, owners, and operators globally. As a key player in the renewable energy sector, PEAK Wind offers expertise throughout the energy lifecycle and are focused on developing competencies to support clients across the energy transition incl. Power-to-X with the advisory business, PEAX Energy. 

About BWSC
BWSC (Burmeister & Wain Scandinavian Contractor A/S) has a long history of developing, constructing, and operating high-efficiency energy facilities across various technologies. With decades of global experience, BWSC is at the forefront of creating innovative solutions for sustainable energy generation.

For further information, please contact:

Emma Roberts
Head of Marketing & Communications, PEAK Wind
Email: ero@peak-wind.com
Phone: +45 3134 8852

Søren Hougaard Andersen
Director, O&M Sales, BWSC
Email: sha@bwsc.dk
Phone: +45 4812 5219

You can download the full press release by clicking here.

BWSC A/S today announced that Michael Hedegaard Lyng, previously Member of its Board, has been appointed as the new BWSC A/S Chairman and Non-Executive Director of the company. Effective 30 June, Michael succeeds Torkil Boel Bentzen, who passed away recently after serving as Chairman for more than 40 years.

Michael has been a member of BWSC’s Board for 11 years and is an experienced CEO and CFO with extensive experience across a range of sectors, most notably in the manufacturing industry. Michael has more than 18 years of experience from Board positions in stock listed companies and continues to also serve as Board member and as an international business advisor and investor.

“I feel very privileged to take on this role at such an exciting time for the energy industry — the needs of BWSC’s stakeholders are changing rapidly and there are significant opportunities for the company to continue to develop in its chosen markets. I am looking forward to working with the Board and the management team to continue to create and deliver value to all stakeholders”

MICHAEL HEDEGAARD LYNG, CHAIRMAN

BWSC is also pleased to announce the re-appointment of Thomas S Knudsen to its Board of Directors. Thomas was member of the BWSC Board of Directors from 2019-2021 and serves as member of the Supervisory Board of the Danish Maritime Fund and other Boards in the industry.

Thomas Knudsen is an experienced profile in the marine, energy and industrial sectors with extensive leadership experience in driving industry change.

Thomas fills a vacancy on the Board created by the appointment of Michael Hedegaard Lyng as Chairman of the Board.

“We are thrilled Thomas is re-joining our Board. Thomas brings invaluable insights and experience in the industry”

MICHAEL HEDEGAARD LYNG, CHAIRMAN

We would like to introduce our new Cooperation Partner in the UK. The German company Loibl Förderanlagen GmbH has appointed BWSC as their exclusive sales agency to serve their customers in the UK market.

We are honored to handle Loibl’s existing customer portfolio and look forward to expanding it. BWSC will be the first point of contact for on-site services and spare parts requests. This partnership will provide even better and faster customer service by having a UK-based representative.

Loibl is a leading OEM providing systems and solutions in the field of bulk materials handling. For more than 60 years, the company has developed proven technologies to meet the challenges of bulk material handling in varied industries. Whether conveying, process, environmental technology, or complete process plants, Loibl designs, manufactures, and provide installation services with tailored after-market support services from their office in Germany. Their high qualitative products directly benefit plant owners by reducing their maintenance costs, ensuring long parts service life, and resource saving.

“On top of their existing customers, we look forward to promoting Loibl’s robust and reliable equipment, their innovative developments to service the ever-changing demands of industry, together with their comprehensive competences in aftermarket services for the entire value chain. This partnership also strengthens our ambition to expand BWSC’s technical capabilities to service boiler-based power plants in the UK.”

COLIN JONES, GENERAL MANAGER, BOILER SERVICE UK, BWSC

As a technical service provider, O&M contractor on a significant number of power plants in the UK, BWSC will utilize its recognized presence and network to support Loibl’s efficient and modern designs. This market is not new to Loibl either as they already have considerable reference power plants where they provide conveying equipment, and we are looking forward to increasing this number.

You are welcome to contact Colin Jones, General Manager, Boiler Service, UK, at bsuk@bwsc.dk, if you need a solution provider on your boiler-based power plant in the UK.

The global energy sector is changing fast, and BWSC is evolving to better help our customers succeed.

We have refined our role in the industry and to underscore these changes, we are launching a new corporate identity, with a fresh-looking logo that better captures our spirit today and a new slogan: Ever better energy.

To underscore these changes, we are launching a new corporate identity, with a fresh-looking logo that better captures our spirit today and a new slogan: Ever better energy. The slogan draws attention to the big-picture perspective we take on energy-related facilities, firm believe in continuous improvement, our devotion to you, our customers, and our support for the green energy transition.

What’s new

• Expanded offerings within Distributed Control Systems, renewables integration, plant surveys and fuel conversions
• Even greater technology independence
• Services for new green tech providers
• A new business unit – Green Energy Solutions

What’s not

• The same great people you’ve always relied on
• Our unique technical capabilities and industry insight
• Our commitment to You – our customer – and your success
• Our ownership by Mitsui E&S of Japan

To learn more, our new corporate brochure is online today. Read it here.

Highlights from the BWSC Annual Report 2021:

• Profit before tax of DKKm 129
• Net result for 2021 amounted to DKKm 92 (2020: a loss of DKKm 229)
• Revenue in 2021 amounted to DKKm 1,245 (2020: DKKm 1,814).
• Order intake for 2021 amounted to DKKm 899 (2020: DKKm 1,206). 
• Equity ratio for 2021 equaled 55% (2020: 41%).
• The order backlog at the end of 2021 amounted to DKKm 6,325 (2020: DKKm 6,031). 

“2021 has been a year of great change for our employees and for BWSC. In November 2020 we adopted a new business strategy that shifted our focus from supplying turnkey power plants to providing comprehensive advisory and technical services to power plants and green energy facilities worldwide. Much of 2021 involved implementing the new strategy, and I am pleased to announce that doing so has paid off in our first positive financial result in 5 years.”

NIKOLAJ HOLMER NISSEN, CEO, BWSC

Strong results validate new strategy in 2021

BWSC has in 2021 made a significant profit before tax of DKKm 129 based on revenue of DKKm 1,245. While one-time financial events such as sale of the ACT business and divestment in three UK power plants contributed to the positive result. The strategy is also succeeding as intended, with continued strong results in the Service and O&M business areas.

Read the BWSC Annual Report 2021 here.

BWSC and PJ Diesel Engineering (PJDE) have signed a strategic cooperation agreement where we aim to utilize each other’s network and technical competencies to promote the remanufacturing of engine and turbocharger components.

As both companies are working in the energy and maritime businesses, we choose to undertake the role of encouraging ourselves and our stakeholders in taking concrete actions to reduce CO2 emissions and extend the lifetime of components supported by a Life Cycle Assessment (LCA). 

We take actions to constantly improve our compliance with UN Sustainable Development Goals (SDG) including Environmental Social & Governance (ESG) and Corporate Social Responsibility (CSR).

“It has always come as natural for BWSC to recycle and refurbish components when possible and cater to the client’s requests and satisfaction. To comply with an increased demand for remanufactured component alternatives and global demand for carbon reduction, it has, for us, been common sense to take extra steps and initiatives toward transparency in promoting this approach.”

Flemming Juel Jensen, BWSC – Senior Vice President Global Service

BWSC A/S and BWSC Panama will offer and recommend PJDE’s manufacturing services as an alternative to utilizing new spare parts and major components when we need to send components for manufacturing. PJDE will do the same regarding BWSC’s manpower and engineering services, as well as for our workshop’s capabilities in Panama.

With our workshop’s capabilities for engineering, overhauls, and service for turbochargers and engine components in Panama, we service the Pacific and the Atlantic, the Panama Canal, and the Americas. 

To be aligned with our strategy and business areas, we have targeted specific product segments to promote such as turbochargers, fuel equipment, engine parts, governor, and control parts.

A circular economy mindset to benefit the entire supply chain

Our vision is simple: Make decisions the best way possible to reduce the carbon footprint of our operations and make a proactive impact on the environment and our partners.

Remanufacturing is a viable option, which extends the lifetime of an engine component, preserve natural resources, with a documented carbon reduction. The increased service life benefits the environment and reduces maintenance costs without compromising application reliability.

Specific parts can be remanufactured several times, before reaching the end of their useful service life. Providing sustainable alternatives also implies costs savings up to 60%, while maintaining the same durability for a full overhaul cycle.

“Together we can renew the way of thinking and encourage remanufacturing and recycling practices. For many years, our industries have embraced the idea that only new components were viable, and this has been the general standard combined with availability. This is the mindset we are trying to change. New is not necessarily better. The “old and usual way” of doing things is not always an optimal solution for the clients, the components, nor the environment. A remanufacturing alternative is not only good business but also the future. Access to the best of both worlds – new and remanufactured when required.” says Anne-Mette Elsborg, CEO, PJ Diesel Engineering A/S

If you want to know more, visit our websites and and follow us on LinkedIn.