Siemens AG (ADR)(OTCMKTS:SIEGY) Receives Turbines Order From Holland Energy Park

Siemens AG (ADR)(OTCMKTS:SIEGY) received one steam and two gas turbines order from the Holland Energy Park. It is also a cycle power plant in Holland. HPBW, the local municipal utility in Michigan intends to revamp old coal-fired facility in order to achieve fuel-efficiency in its operations. The implementation of new technology will minimize the harmful CO2 emissions at Holland Energy Part by almost 50%. The new facility is expected to be operational in 2016.

The order

Siemens will supply model number SST-400 and SGT-800 of steam turbine and gas turbine respectively. Along with products, it will provide service facility for the gas turbines. The service facility is not applicable to SST-400 steam turbine. The municipal utility wants to implement cogeneration capabilities in the plant. It will not result in high fuel efficiency level but will also reduce operational costs. The new facility will generate 145 MW in winter and almost 125 MG in summer. Holland Energy Park will utilize excess heat that comes out from the circulating water system. Heat is the major component used in a snowmelt system.

The significance

Holland is said to have the largest snowmelt system in the United States. The underground pipe system spreads over 500,000 sq feet in the city. Holland gets more than 32 days of snowfall in the winter season. Holland Energy Park uses it to circulate water in the downtown area. Heat exchanger is used to convert snow into water. The snowmelt system can melt more than 1 inch of snow in an hour.

Technology partner

With the new order of turbines, Siemens AG (ADR)(OTCMKTS:SIEGY) becomes the technology associate in HPBW’s energy project. Barry Nicholls of Siemens said that the company is pleased to be a part of energy project. The revamp process will enhance the features of the snowmelt system. It will ultimately generate more sustainable power for the people in Holland.

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