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SIMEC Expands Portable Biofuel Power Venture through Acquisition of Fleetsolve—The 21st China(Guangzhou)Int’l Heat Treatment, Industrial Furnace Exhibition
1/3/2020 热处理展-工业炉展-heat treatment expo-furnace expo |
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Mr Sanjeev Gupta’s GFG Alliance’s SIMEC has accelerated plans for the deployment of its biodiesel generators through the acquisition of Fleetsolve, an award-winning company with 17 years of experience developing, operating and maintaining biofueled combined heat and power generation equipment. SIMEC is taking full ownership of Wirral-based Fleetsolve and its sister company Fuelsolve. The transaction will bring well-established engineering expertise and market-leading technology into the group. Fleetsolve won the Merseyside Innovation Prestige Award in 2018, in recognition of its cutting-edge approach to renewable power generation. SIMEC, through Fleetsolve, will launch a nationwide campaign to identify customers who will benefit from carbon-neutral energy coupled with the resilience of having on-site power or combined heat and power generation.
Combining SIMEC’s portfolio of compact containerised generators with Fleetsolve’s expertise, the CHP units range from 250kW to 18MW in capacity and can operate continuously for 24 hours a day customer sites, delivering clean and reliable power for industrial and commercial users.
Under the arrangement, Fuelsolve will manage the supply and logistics of the biofuels needed to power the generators, which will be placed with corporate and public sector clients requiring an intensive supply of energy produced from sustainable sources at a competitive price.
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