BITZER enters the waste heat to power market having announced the acquisition of ElectraTherm.
BITZER Group, the world’s largest independent manufacturer of refrigeration compressors, has announced that it via its US subsidiary BITZER US, Inc., has acquired ElectraTherm, a US developer and manufacturer of distributed, waste heat to power generation using organic rankine cycle (ORC) technology.
Established in 2005, ElectraTherm’s Power+ Generator ORC utilises low temperature waste heat on applications such as internal combustion engines, biomass boilers, flare gas (at oil and gas wells, wastewater treatment plants and landfills), geothermal/co-produced fluids, and more. ElectraTherm’s Power+ fleet exceeds 50 machines in operation in 12 countries and has surpassed 75 years of runtime.
– Developing energy-efficient solutions is one of our main goals – and the waste heat to power market offers tremendous potential. ElectraTherm’s ORC technology enables us to make better use of the abundant, and untapped resource of waste heat. This builds on BITZER’s commitment of responsible climate protection. There are clear synergies in our markets and technologies, and we are eager to combine our efforts to further grow our respective markets, said Peter Narreau, President of BITZER North America in a statement.
– With BITZER’s expertise in refrigeration and compressor technology, ElectraTherm is a natural fit. We see a powerful opportunity to grow our position as the leader in waste heat to power with our best-in-class product and team by leveraging BITZER’s excellent reputation and global presence, said John Fox, Managing Director, ElectraTherm.