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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.

Exciting news! BWSC has just been listed as a highly attractive workplace for engineering students!

Ingenøren Profilanalyse is a survey that looks over 90 Danish workplaces with the most engineers employed, looking to find out what workplaces stand out in their eyes. In the 24th edition of this survey, 6,751 people have responded, of which 1,228 are students, and 5,523 are professionally active.

We are proud to share that BWSC did especially well in this year’s survey, particularly in the student segment. In the overall company image category, we moved up 45 ranks, placing us in the top 50 companies in the country. Additionally, we improved considerably in the company appeal subcategory, where we moved up over 70 places on the ranking, positioning BWSC in the top 20 most appealing companies for engineering students in Denmark.

We are so grateful to be seen as an attractive workplace for current and future professionals in the engineering area, and we would like to extend a thank you to everyone who has contributed to building up a great working culture and who has helped promoted BWSC as an interesting and exciting workplace.

We will continue focusing our efforts towards making BWSC an attractive company for students and young talent. If you are interested in finding out more about our student opportunities, please visit our student page found here.

We are thrilled to announce that our Speyside team has recently been awarded a prestigious global health and safety award.

Last month, BWSC had the privilege of attending the 68th RoSPA ceremony where we received the Gold Award in the Industry category. This award highlights our unwavering commitment to ensuring that our staff, clients and contractors get home safely at the end of each working day.

The The Royal Society for the Prevention of Accidents (RoSPA) Awards is the largest and most influential health and safety program in the world. With nearly 2,000 entries annually from over 50 countries, the awards cover safety standards across 32 sectors, providing a unique platform to recognize leaders dedicated to creating safer and healthier workplaces.

At BWSC, we place the highest value on safety, and this award is a testament to our continuous efforts in this vital area. We congratulate our UK team for their hard work and dedication that made this possible. We strive to keep promoting safety across all our sites, ensuring that safety is at the heart of everything we do.

We concluded last March on a high note with the successful inauguration of the Ribe Dispensary, commissioned by Rabai Power, and overseen by the two outgoing Board Directors of Rabai Power Limited (RPL) and Rabai Operation & Maintenance Limited (ROML).

This inauguration marks a significant milestone in the extensive and long running CSR program in Rabai, Kenya, that we have been a part of, centered around three fundamental pillars: Education, Health and Water.

The memorable ceremony commemorated the official handing over of the facility to the local stakeholders who have always valued Rabai Power’s continuous support of the community. It also stands as a gracious farewell gesture of the outgoing Board Directors.

We look forward to seeing the positive impact and achievements that will stem from this initiative, reflecting our ongoing dedication to social responsibility.

To learn more about our CSR initiatives, please visit our social sustainability page found here.

In our just released 2023 financial report, we report a revenue of 1,3 billion DKK alongside a net profit of 66 million DKK. The substantial portion of our revenue is derived from renewable energy businesses, currently standing at 76%, up from 58% in 2022. This emphasizes our success in promoting sustainable energy solutions. Our commitment to sustainability has already yielded tangible results, as demonstrated by the successful delivery of two green hydrogen projects in 2023.

During the year we have been dedicated to enhancing the performance of the power plants we operate and maintain (O&M sites) through substantial investments. As a result, we have achieved the highest power production availability ever recorded across the power plants we operate and maintain. Investments herein have impacted negatively on our result for the year, while a strategic sale of shares has had a positive impact on the result.

While our cash flow from operations has shown improvement compared to the previous year, it remained negative in 2023. Efforts are continuing to improve this aspect further as part of the ongoing turnaround of BWSC.

Furthermore, our increased customer focus has led to significant improvements, with our Service order intake experiencing a remarkable 48% increase compared to 2022. This growth is attributed to both a higher volume of orders and the expansion of our customer base, reaffirming our dedication to operating as a dedicated Service provider catering to a diverse clientele rather than relying solely on large orders.

Find all BWSC Annual Reports here.

Embracing historic times in Denmark, we extend our heartfelt gratitude to Her Majesty Queen Margrethe II for her illustrious 52-year reign and warmly welcome the new King of Denmark, King Frederik X.

With his strong commitment to green energy and the global advancement of Danish innovative technology, we eagerly anticipate this exciting new era.”

Going down memory lane: In June 2022, our CTO, Lars Guillaume Gammelgaard, had the privilege of meeting His Majesty during the Danish Royal Visit in The Hague, Netherlands. Their Majesties led a significant Danish business delegation, focusing on green energy.

Long live His Majesty, King Frederik X of Denmark!

At BWSC, we are dedicated to nurturing young talent, so we maintain a close relationship with Maskinmesterskolen København, a school for marine engineering education.
 
We believe their students represent the future of engineering in Denmark, and we often welcome them as interns or full-time employees at our company. Therefore, we invest in their learning and ensure they are provided with the right support to further their education.
 
As part of our initiative to develop young talent, we sponsored study trips to Spain and France earlier this October, to enrich these students’ educations with opportunities that allowed them to apply their theoretical knowledge onto real-world, practical scenarios.
 
Last week, we got to hear about their newfound insights and experiences, as we had the pleasure of welcoming two classes to our Allerød HQ office. During this visit, we shared with them the work we do at BWSC and discussed its relevance to the practical learnings they acquired on their study trips abroad.
 
BWSC this year has sponsored a total of 7 classes on trips not just to Spain and France, but also to other countries such as Hungary, Czech Republic and Iceland. Every half a year, we receive the recently travelled students, which is always very exciting for us, and we cannot wait to hear about next year’s trips.
 
Sound interesting to you? To learn more about our student opportunities, visit our student page found here.

Also, do not miss out on watching the experience of our two student interns in Kenya!