Founded in 1928 and based in Tulsa, Oklahoma, Yuba is a world-class designer, manufacturer and servicer of heat transfer equipment sold under the Yuba and Ecolaire brands, and one of the leading companies supplying heat transfer equipment to the power generation industry. Yuba’s heat exchangers are utilized by nuclear, solar, geothermal, gas and coal power generation facilities.
“Yuba’s proven heat transfer products and installed base of thousands of customers across many fuel types will provide a significant opportunity to offer a broader range of solutions in key strategic markets, particularly in the U.S.,“ said SPX Chairman, President and Chief Executive Officer Christopher J. Kearney. “In fact, with Yuba’s market presence and deep customer relationships in North America, we believe our businesses will be much better positioned to help the U.S. power industry address the pressing need to upgrade America’s rapidly aging energy infrastructure.“
“We have long been admirers of Yuba’s business and senior management team and believe this transaction will complement the strong thermal equipment competencies of our 125-year-old Balcke-Dürr business as well as those of SPX Cooling Technologies,“ said Drew Ladau, SPX segment president. “As such, we believe this acquisition will result in a broader offering of solutions to our power generation customers, in addition to serving new customers. We look forward to having the Yuba team members join SPX Heat Transfer Inc.“
To date, more than 10,000 of Yuba Heat Transfer products, including over 6,500 feedwater heaters and over 3,500 condensers, have been installed at power generation facilities around the world.
“For decades, we’ve been proud of Yuba’s accomplishments achieved during our stewardship and over those years, have worked closely with management to nurture and grow the business,“ said Frank Doyle, president and Chief Executive Officer of Connell Limited Partnership. “With this transaction, we believe the business is poised for a new stage in its evolution and are confident that the solid management team and dedicated employees of Yuba will thrive and fully realize their future global growth potential.“
SPX’s Thermal Equipment and Services segment is a leading provider of wet, dry and hybrid cooling towers, heat exchangers, air and flue gas systems and filter systems, utilized by thousands of power stations and plants in more than 60 countries across six continents. The segment’s broad offering enables the maintaining, refurbishing, upgrading and modernizing of power stations, and includes a wide range of aftermarket services and solutions.
About SPX
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and has employees in over 40 countries worldwide. Visit http://www.spx.com. (NYSE: SPW)
Certain statements in this press release including any statements relating to consummation of the contemplated transaction or post-acquisition results, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word “expected,“ “anticipated” and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.
Contacts:
Ryan Taylor (Investors)
704-752-4486
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
E-mail: jennifer.epstein@spx.com
Flue gas discharge technology enables better dispersion of the exhaust plume into the atmosphere, resulting in reduced local ground-level concentrations. Treated flue gases will be conveyed from the flue gas desulfurization (FGD) system into the cooling tower through one or two glass-fiber reinforced plastic ducts and discharged into the atmosphere together with the cooling tower plume. This combination of flow allows for improved mixing and updraft into the atmosphere.
“Our flue gas discharge technology can help some new and existing coal-fired plants using natural draft cooling towers achieve enhanced cooling efficiencies,“ said Drew Ladau, SPX segment president. “And in some cases it may even potentially reduce costs,“ he added.
The principle of discharging flue gases via the cooling tower is not limited to new natural draft cooling towers. Existing cooling towers can also be retrofitted with the technology. Many cooling towers in Europe have been retrofitted with similar flue gas discharge systems to meet environmental regulations.
The first flue gas discharge system was completed in Europe at the Volklingen MKV power station in Volklingen, Germany in 1981. Since then, more than 25 similar systems have been installed across the European continent. There are currently more than 55 natural draft cooling towers at coal-fired plants in the United States.
Built in the 1960s, Cardinal Station has three coal-fired units and generates a total of 1,830 MW of electricity. Preliminary on-site work on the cooling system retrofit will begin as early as this year. The final flue gas discharge system installation expected to be completed in 2012 during the commissioning of a new FGD system (scrubber) that Cardinal Station has said that it expects will reduce sulfur dioxide emissions by more than 98 percent.
SPX’s Thermal Equipment and Services segment is a leading provider of wet, dry and hybrid cooling towers, heat exchangers, air and flue gas systems and filter systems, utilized by thousands of power stations and plants in more than 60 countries across six continents.
The segment’s broad offering enables the maintaining, refurbishing, upgrading and modernizing of power stations, and includes a wide range of aftermarket services and solutions. With more than 100 years experience designing and constructing natural draft cooling towers up to 655 feet in height, SPX has more than 275 natural draft concrete hyperbolic cooling towers operating worldwide.
About SPX
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and has employees in over 40 countries worldwide. Visit http://www.spx.com. (NYSE: SPW)
Certain statements in this press release including any statements relating to fulfillment of the terms of the referenced contract, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word “expected,“ “anticipated” and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.
Contacts:
Ryan Taylor (Investors)
704-752-4486
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
E-mail: jennifer.epstein@spx.com
In 2003, the U.S. EPA and the Commonwealth of Massachusetts issued a new permit for Brayton Point that set strict limits for the facility’s withdrawal of cooling water from, and its discharges of heated wastewater to, nearby Mount Hope Bay. The new cooling system will be designed to reduce the amount of water drawn from Mount Hope Bay to cool the plant’s four generating units and help the plant meet the EPA’s new mandate.
SPX’s contract was secured from privately-held Kiewit Corporation. Plans call for Kiewit to finish building the tower shells and SPX to complete the installation of the internal wet cooling system. The Brayton Point Power Station’s new cooling system will feature the first natural draft cooling towers constructed in the U.S. in more than 14 years.
“Brayton Point’s new cooling system is designed to deliver numerous benefits beyond sharply reducing its water intake and achieving EPA compliance,“ said Drew Ladau, SPX segment president.
With a capacity of 1,600 mega-watts, Brayton Point Power Station is New England’s largest coal-powered generating station, supplying approximately 16 percent of the electricity used in Massachusetts and eight percent of the electricity needs of New England.
SPX’s Thermal Equipment and Services segment is a leading provider of wet, dry and hybrid cooling towers, heat exchanges, air and flue gas systems and filter systems, utilized by thousands of power stations and plants in more than 60 countries across six continents. The segment’s broad offering enables the maintaining, refurbishing, upgrading and modernizing of power stations, and includes a wide range of aftermarket services and solutions. With more than 100 years experience designing and constructing natural draft cooling towers up to 655 feet in height, SPX has more than 275 natural draft concrete hyperbolic cooling towers installed and operating worldwide.
About SPX
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and has employees in over 40 countries worldwide. Visit http://www.spx.com. (NYSE: SPW)
Certain statements in this press release including any statements relating to fulfillment of the terms of the referenced contracts, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word “expected,“ “anticipated” and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.
]]>Barron’s Magazine
SPX ranked #21 overall on this year’s list (up from #43 in 2008), earning a cumulative grade-point average of 3.67 out of a possible 4.0. The Barron’s 500 rankings, including detailed information about the methodology, can be found in the May 11, 2009 issue of Barron’s.
“SPX is pleased and honored to be among the top 25 companies in this year’s Barron’s 500 rankings,“ said Chris Kearney, chairman, president and chief executive officer of SPX. “Most importantly, this recognition is a testament to the strong commitment and collective accomplishments of our employees around the world.“
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than 17,000 people worldwide in over 40 countries.
]]>“Our dry cooling systems help reduce the water consumption by approximately 90 percent as compared to other types of cooling systems, which is in line with the efforts and policies of the Chinese authorities to save water resources,“ said Drew Ladau, SPX segment president.“
The two power plants are expected to be operational in 2010. It is anticipated that the installation of the cooling systems for these facilities will begin in third quarter, 2009.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than 17,000 people worldwide in over 35 countries. Visit http://www.spx.com. (NYSE: SPW)
Certain statements in this press release including any statements relating to fulfillment of the terms of the referenced contracts, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word “expected,“ “anticipated” and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
E-mail: jennifer.epstein@spx.com
“Our highly efficient filters and airpreheaters will help reduce emissions and enhance the productivity of Kusile,“ said Drew Ladau, SPX segment president. “We’re pleased to work with Hitachi Power Africa in helping South Africa meet its increasing demand for electric power.“
Kusile, formerly referred to as Project Bravo, is the second of two coal-fired power stations being built by Eskom, South Africa’s state-owned utility company. Eskom has awarded a contract to a consortium of Hitachi Power Europe and its subsidiary Hitachi Power Africa to manufacture, build and supply steam generators for the approximately 4,800 megawatt station, which will be constructed in Mpumalanga province, east of Johannesburg, South Africa.
Under the present contract, SPX has agreed to provide Balcke Duerr branded pulse jet fabric filters and airpreheaters, as well as manufacture pressure parts for the boilers at the plant. Eskom expects the first generating unit at the Kusile station to be completed in late 2012, followed by the completion of additional units every six months. SPX has previously reported that it also will provide feedwater heaters and air-cooled condensers for this facility.
The first coal-fired plant to be built in South Africa in 20 years is the 4,788 megawatt Medupi Power Station, also owned by Eskom, which is being built near Lephalale, in the Limpopo province. SPX has previously announced that it will supply Balcke Duerr branded pulse jet fabric filters and airpreheaters, and manufacture pressure parts for six 800-megawatt boilers at the Medupi station. The first generating unit is expected to be completed in 2011.
SPX established its manufacturing presence in Nigel, South Africa, in 1970. The company expanded its manufacturing capacity at Nigel earlier this year.
SPX’s South African subsidiary, the recipient of this contract award, has a Black Economic Empowerment minority shareholder, which holds an interest of 25.1%.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than 17,000 people worldwide in over 35 countries. Visit http://www.spx.com. (NYSE: SPW)
Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word “scheduled” and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
E-mail: jennifer.epstein@spx.com
About SPX Cooling Technologies
Based in Overland Park, Kansas, SPX Cooling Technologies, which is made up of SPX Cooling Technologies, Inc. and other SPX Corporation affiliates, is a world- leading manufacturer of cooling towers and air-cooled heat exchangers. The business designs, manufactures and markets wet, dry, and hybrid technologies for power generation, industrial, refrigeration, and HVAC markets worldwide. SPX Cooling Technologies is a full-line, full-service business offering complete design engineering, construction, thermal enhancements/productivity, reconstruction services, and cold-water outsourcing. For more information about SPX Cooling Technologies and its products, visit http://www.spxcooling.com. SPX Corporation is a global provider of technical products and systems, industrial products and services, flow technology, cooling technologies and services and service solutions. The internet address for SPX Corporation’s home page is http://www.spx.com.
]]>“Our products will help create one of the most modern and efficient geothermal facilities in the world,“ said Drew Ladau, President of SPX Thermal Equipment and Services.
“Iceland is a world leader in geothermal power generation and we’re pleased to play a role in helping build their energy infrastructure.“
The SPX components are slated for OR’s five planned geothermal power plants to be built at the base of Hengill volcano in Iceland. Under the terms of the contract, SPX will supply a complete cold-end solution for the plants, which includes engineering, design, manufacturing, and installation of a steam condensing system utilizing multiple SPX heat exchangers.
The new geothermal power plants, which use hot steam from within the earth to produce electricity, are anticipated to begin operation in 2010-2011 and have a total output of 225 MW. “We are pleased to support OR in the expansion of their geothermal power generation,“ Ladau added. “With growing global pressure to increase generation from renewable sources, SPX is continuing its tradition of supplying optimized solutions for these severe duty applications.“
SPX executives were present for the ceremony along with Iceland’s President, Olafur Ragnar Grimsson and the German ambassador in Iceland, Dr. Karl-Ulrich Müller.
About SPX
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than 17,000 people worldwide in over 35 countries. Visit http://www.spx.com. (NYSE: SPW)
Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these results in conjunction with the company’s documents filed with the Securities and Exchange Commission, including the company’s annual report on Form 10-K for the year ended December 31, 2007. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. Actual results may differ materially from these statements. The words “slated,“ “anticipated” and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company’s current complement of businesses, which is subject to change.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
jennifer.epstein@spx.com
“South Africa is on the horizon as the next growth region. We have a strong commitment to growing our business here over the long term and continuing to invest in our facilities and employee base,“ said Mr. Kearney.
In December 2007, SPX’s Thermal Equipment and Services affiliate was awarded a $235 million contract from Hitachi Power Africa (Pty) Ltd., a subsidiary of Hitachi Power Europe GmbH (HPE) to provide critical products for South Africa’s new Medupi power station. Under the terms of the contract, SPX will supply Balcke-Dürr branded pulse jet fabric filters and air pre-heaters, which are designed to help reduce emissions and enhance the productivity and efficiency of the Medupi plant. SPX will also provide pressure parts for six 800 MW boilers.
“We look forward to working with Hitachi on outfitting Eskom’s new Medupi power plant and to future opportunities in which SPX can assist with the South African government’s broader energy infrastructure initiatives,“ added Kearney.
Kearney was in South Africa to meet with customers, including Hitachi Power Africa, and tour SPX facilities such as the company’s Nigel factory, where a facility expansion is to begin this month. The expanded facility is expected to be completed in November 2008. Kearney also met with employees to discuss his commitment to South Africa and share with them his strategy for growing the business.
SPX’s family of companies in South Africa includes SPX Cooling Technologies/DB Thermal and Balcke-Dürr. These business units supply cooling towers and thermal components for power plants and serve as a major provider of service for existing power plants in South Africa, including upgrades of Eskom’s fleet of existing power plants. Most recently, the companies played an integral role in “Return to Service” projects at a number of the country’s power plants, including Camden, Komati and Grootvlei.
SPX has approximately 500 permanent and contract employees working at offices in Woodmead and Nigel and at four major sites: Camden, Komati, Sasol Secunda and KBR Sasol. Engineers, project managers and workers comprise the employee base. The company also has 50 employees working for its process equipment business in the region.
SPX has in recent years provided expertise to large mechanical construction projects in South Africa, including the FTDR plant for Sasol. The company has been involved in various international projects, notably the EPR Nuclear Plant in Olkiluotto, Finland. Here SPX supplied four high pressure heaters, 120 tons each, to the project. The heaters were manufactured in South Africa.
SPX also recently provided waste heat boilers for a new wet sulphuric acid plant in Secunda. The plant’s goal is to reduce sulphur emissions to the environment.
About SPX
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs over 17,000 people worldwide in over 35 countries. Visit http://www.spx.com.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
jennifer.epstein@spx.com
“A typical coal plant of this size could consume over eight million gallons of water each day. By utilizing our air cooled condenser technology, we are enabling the production of this power, condensing three million pounds of steam per hour, without the typical massive water consumption,” said Drew Ladau, President of SPX Thermal Equipment and Services.
The clean-coal power plant will use advanced circulating fluidized bed technology, which is recognized by the U.S. Department of Energy as a clean-coal technology for reducing sulfur dioxide and nitrogen oxide.
This modern facility will have the capacity to generate enough power for approximately 146,000 residential customers. Construction will begin on the project next year and it is anticipated to be operational by the summer of 2012.
“SPX is in the business of developing smart energy solutions for our customers. Our dry cooling technology is being used throughout the United States and in over 30 countries including Australia, Mexico, Canada, China and throughout Europe,” Ladau added.
The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. A Fortune 500 company with nearly $6 billion in annual revenues, Shaw is headquartered in Baton Rouge, La., and employs approximately 27,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw’s Web site at http://www.shawgrp.com.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair, and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs over 14,000 people worldwide in over 20 countries. Visit http://www.spx.com. (NYSE: SPW)
Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word “anticipated” and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
E-mail: jennifer.epstein@spx.com
SPX (Exhibitor Booth #2001) issued the announcement on the opening day of POWER-GEN International 2007, the world’s largest power generation event, taking place in New Orleans, Louisiana.
“The Marley Air2Air™ water recovery system is the most advanced water-saving solution available for wet cooled power plants, and it reduces water consumption while maintaining overall steam turbine efficiency,” said Tom Dendy, Director of Global Marketing & Development at SPX Thermal Equipment & Services. “The typical 500-megawatt, coal plant in the U.S. uses roughly 30,000 tons of water each day. A cooling tower fitted with SPX’s Air2Air™ technology can reclaim up to 10,000 tons of water each day, or enough to provide 6,000 households with water. On an even broader scale, we believe our technology can make a significant contribution to global water conservation efforts.”
As the seventh-largest coal-fired generating station in the western United States, San Juan is PNM’s primary power generation source, serving 58 percent of PNM’s customers. The plant’s newly enhanced cooling system uses the evaporation of water to dissipate the heat from power plants’ steam condensers. By evaporating a portion of the circulating water flow through the cooling tower, the remaining water is cooled. SPX’s Air2Air technology then recovers a portion of the evaporated water, condenses it, and retains it in the tower system.
“In addition to reducing water consumption and treatment costs, coal-fired power plants that utilize SPX’s Air2Air water recovery system can achieve greater overall productivity, and even replace more costly means of generating pure water,” added Dendy. “Recovered water can be returned directly to the tower basin, or even piped away as a pure water stream for boiler make-up or other plant uses.”
The full-scale water conservation installation at the San Juan Generating Station is being funded in part by a three-year research grant from the U.S. Department of Energy, National Energy Technology Laboratory (DOE/NETL) – which estimates that U.S. power plant cooling towers evaporate three billion gallons of water each day.
The performance of the tower and water recovery system at San Juan is being monitored remotely with a wireless satellite monitoring and collection system supplied by SPX Flash Technologies. Utilizing the latest in wireless detector technology, design engineers from SPX Cooling Technologies can continuously monitor the performance and operation of the unit and provide live feedback and operating recommendations to plant operators in New Mexico.
“With the cooperation of PNM and SPX Flash, we are able to closely monitor and validate the performance of the water recovery system,” said Glenn Brenneke, Vice President of Research & Development for SPX Thermal Equipment & Services. “This will enable us to collect a complete set of operating data to assess the system over a full range of plant and weather conditions.”
SPX’s relationship with PNM dates back to 1975, when the company undertook installation of a wet/dry tower at the San Juan station to address the issue of water availability. Completed in 1978, the tower began commercial operation in 1979. Testing in 1980 found the tower exceeded design requirements in both thermal performance and water conservation.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair, and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs over 14,000 people worldwide in over 20 countries. Visit http://www.spx.com.
Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The words “believe,“ “expect,“ and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
E-mail: jennifer.epstein@spx.com
Drew Ladau, President of SPX Cooling Technologies said, “While we continue to see strong demand for dry cooling systems in the power generation market in China and other regions, this project illustrates the additional growth that we are experiencing in other applications.“
The Shell Pearl complex is planned to be a multi billion dollar facility that will convert natural gas into 140,000 barrels per day of liquid hydrocarbon products. The plant is designed to produce a range of environmentally friendly synthetic fuels including naphtha, gas to liquids (GTL) fuel, normal paraffins, kerosene and lubricant base oils. GTL fuel is the largest component of the product slate and can be used in existing light and heavy-duty diesel engines. With lower emissions at point of use, GTL fuel can play a major role in reducing local air pollution in cities and provide a strategic diversification of liquid transport fuel for importing countries. The Shell Pearl complex is expected to begin production in late 2009.
SPX Cooling Technologies, which includes SPX Cooling Technologies, Inc. and other SPX affiliates, is a global leader in products and services related to thermal engineering for power plants and industries. With world-renowned brands including Balcke, Hamon Dry Cooling and Marley, the company manufactures and markets a wide range of equipment for use in applications including wet cooling, dry cooling, heat exchange, air pollution control and associated services. The company serves its customers through an extensive network of direct sales, distribution partners and service representatives worldwide.
SPX Corporation is a leading global provider of flow technology, test and measurement solutions, thermal equipment and services and industrial products and services. For more information visit the company’s web site at http://www.spx.com.
Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The words “believe,“ “expect,“ “anticipate,“ “estimate,“ “guidance,“ “target” and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Tina L. Betlejewski (Media)
704-752-4454
E-mail: spx@spx.com
About SPX Cooling Technologies
Based in Overland Park, Kansas, SPX Cooling Technologies, which is made up of SPX Cooling Technologies, Inc. and other SPX Corporation affiliates, is a world-leading manufacturer of cooling towers and air-cooled heat exchangers. The business designs, manufactures and markets wet, dry, and hybrid technologies for power generation, industrial, refrigeration, and HVAC markets worldwide. SPX Cooling Technologies is a full-line, full-service business offering complete design engineering, construction, thermal enhancements/productivity, reconstruction services, and cold-water outsourcing. For more information about SPX Cooling Technologies and its products, visit http://www.spxcooling.com. SPX Corporation is a global provider of technical products and systems, industrial products and services, flow technology, cooling technologies and services and service solutions. The internet address for SPX Corporation’s home page is http://www.spx.com.
]]>As part of the project, SPX Cooling Technologies, Inc. will install a full-scale Air2Air™ equipped cooling tower in an existing U.S. power plant. “Several power plant operators have expressed an interest in this technology,“ said Drew Ladau, President of SPX Cooling Technologies. “We’re in the final stages of our site selection process and expect to start construction of the test tower later this year.“
Evaporative cooling towers are one of the largest consumers of water in the United States. SPX’s patented Air2Air™ technology is designed to recover approximately 20% of the water evaporated in a cooling tower. According to the DOE/NETL, in the United States alone, power plant cooling towers evaporate an estimated 3 billion gallons of water a day.
Under Section 979 of the Energy Policy Act of 2005, the DOE is required to address issues related to adequate water supplies, optimal management, and efficient use of water and energy. The DOE/NETL Innovation for Existing Plants program has established a goal of reducing power plant freshwater withdrawals by a minimum of 5-10% by the year 2015. SPX’s Air2Air&trade technology represents an opportunity to provide water capacity to many water-starved portions of the United States.
Mr. Ladau said, “With the help of the Department of Energy, this research will accelerate the testing and development process to deliver a breakthrough technology that we believe will go a long way towards achieving the DOE’s 5-10% water conservation goal.“
SPX Cooling Technologies is a global leader in products and services related to thermal engineering for power plants and industries. With world-renowned brands including Balcke, Hamon Dry Cooling and Marley, the business manufactures and markets a wide range of equipment for use in applications including wet cooling, dry cooling, heat exchange, air pollution control and associated services. SPX Cooling Technologies serves its customers through an extensive network of direct sales, distribution partners and service representatives worldwide.
SPX Corporation is a leading global provider of thermal equipment and services, flow technology, test and measurement solutions and industrial products and services. For more information visit the company’s web site at http://www.spx.com.
Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The words “believe,“ “expect,“ “anticipate,“ “estimate,“ “guidance,“ “target” and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Tina L. Betlejewski (Media)
704-752-4454
E-mail: spx@spx.com