Our CEO, Nikolaj Holmer Nissen, was recently interviewed by Energy Focus – a magazine that tells the news on the most recent developments in the energy industry.
In this article, Nikolaj tells Energy Focus about how BWSC is working with its clients, to help them reduce their carbon footprint, by using our vast experience in the power plant industry.
“BWSC is evolving to better help our customers succeed, and have refined our role in the industry as a provider of technical, operational, projects and advisory services not only for diesel, hybrid, and boiler-based power plants, but now also for other types of green energy facilities and technology developers“
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
Vision and Mission
We strive to rebuild the way energy powers the world on a global scale
At BWSC, trustworthiness, credibility and integrity form the core of our culture and the way we want to do business.
In our new strategy ‘Ever better energy’ we express a vision of building a world of sustainable energy and we wish this to be the long-term aspiration of BWSC.
Our vision
Building a world of sustainable energy.
We are driven by the vision of building a world with lower dependency on fossil fuels, while continuing to ensure security of supply for communities in need.
Our mission
Being a trusted partner for ever better energy.
We want to contribute with efficient and reliable energy solutions enabling the transition to sustainable energy.
Strategic aspirations
We want to:
Accelerate our position as market leading O&M provider to plant developers and owners
Develop our business enabling next generation sustainable energy solutions
Grow as preferred boiler service provider building on long-term customer relations
Sustain our position as preferred engine service provider for well developed islands, including support for de-carbonization efforts
Jens Peter Koch
CEO
Our ambition is to be the best partner for reliable and efficient energy solutions based on our solid track record and innovative mindset.
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.
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.
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.
It is a pleasure to announce that BWSC has signed a long-term O&M extension agreement with the owners of Sleaford Renewable Energy Plant. Funds managed by Greencoat Capital LLP took ownership of the plant in June 2020.
The Sleaford Renewable Energy Plant is a 38.5 MW straw-fired Combined Heat and Power (CHP) plant constructed by BWSC. BWSC has been responsible for the operation and maintenance of the plant since commissioning in 2014 and was asked to extend the O&M contract till year 2034. The biomass plant meets the electricity demand of around 65,000 homes and provides low-cost renewable heat to civic and sports facilities in the town of Sleaford.
Greencoat Capital’s ambition is long-term ownership and sustainable operation of the plant, and with this extension of contract trusts BWSC to deliver on this ambition. In addition, BWSC has committed to expand its performance commitments and scope of responsibility thereby reducing the risk profile of Greencoat Capital’s investment.
“We are extremely pleased with this extension of contract and the trust that Greencoat Capital shows BWSC by fully committing to us for the complete O&M of the plant”, says Karsten Valsted Larsen, SVP of O&M at BWSC – and continues, “We are only as good as evaluated by our customers and we are proud that our continued performance on the Sleaford facility and similar biomass plants in the UK gives Greencoat Capital the confidence to extend the contract with BWSC”.
Hugh Unwin of Greencoat Capital comments “Greencoat’s investors are seeking long-term, stable cashflows and a key to achieving this is developing strong and lasting partnerships with our contractual counterparties. BWSC has common goals in terms of the safe and reliable operation of the Sleaford plant and we are pleased to have extended our O&M contract with BWSC until 2034.”
“BWSC has common goals in terms of the safe and reliable operation of the Sleaford plant and we are pleased to have extended our O&M contract with BWSC until 2034.”
