RCS - Harland & Wolff - Partnership with Echandia

Harland & Wolff groupAnnouncement

15/09/2023 16:45

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RNS Number : 6635M  Harland & Wolff Group Holdings PLC  15 September 2023

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15 September 2023

 

 

 

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

 

Partnership with Echandia for Delivery of Maritime Battery Systems

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, is pleased to announce a new partnership with Echandia, the
Swedish energy systems supplier. The partnership, announced during London
International Shipping Week, will see Harland & Wolff (Technologies)
Limited ("HWT") work with Echandia on the development of its battery
technology, helping to increase the capability of the batteries and scaling
the technology for new vessel types. The partnership gives H&W exclusive
distribution rights for battery sales in the UK, Ireland and Australia for the
maritime sector. HWT will also establish a UK assembly line for the battery
systems and provide in-service support for installations in field.

This agreement builds upon the recently announced consortium between the two
companies to develop and build zero emissions harbour and coastal tugs,
alongside Macduff Ship Designers and Kongsberg Maritime.

H&W Technologies was recently established by Harland & Wolff to drive
forward the development of new technological solutions for the maritime
sector. These include batteries, future fuels and systems integration as well
as the provision of in-service support.

As the maritime sector transitions to low and zero emission operations, vessel
owners and operators are testing different propulsion solutions for different
segments within the sector. Batteries are being deployed today for all vessel
types, incorporating fully electric and hybrid solutions.

Echandia works with the world's largest shipyards and system integrators to
equip new and retrofit vessels with batteries for hybridisation, full
propulsion, and increased energy efficiency. Echandia has successfully
deployed its battery systems in the ferry, naval and workboat sectors.

The Echandia battery system is an air-cooled, lithium-ion battery system,
certified for maritime heavy-duty usage.

With its robust construction and high performance, Echandia's battery systems
are ideally suited for applications that require safe operation over a long
lifetime.

 

John Wood, Group Chief Executive Officer of Harland & Wolff comments:

 

"We are delighted to announce this new partnership, which will see Harland
& Wolff Technologies working with Echandia to assemble, integrate and test
the next generation of battery systems for the maritime sector.

"We are committed to developing and bringing to market the best possible
solutions for our customers and this partnership will enable us to do that on
batteries across the commercial, leisure, offshore and defence industries."

 

For further information, please visit  www.harland-wolff.com
(http://www.harland-wolff.com/)   or contact:

 

 Harland & Wolff Group Holdings plc            +44 (0)20 3900 2122

 John Wood, Chief Executive Officer            investor@harland-wolff.com (mailto:investor@harland-wolff.com)

 Arun Raman, Chief Finance Officer             media@harland-wolff.com (mailto:media@harland-wolff.com)

 Radnor Capital Partners (Investor Relations)  +44 (0) 20 3897 1838

 Neville Harris / Joshua Cryer

About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the
maritime and offshore industry through five markets: commercial, cruise and
ferry, defence, energy and renewables and six services: technical services,
fabrication and construction, decommissioning, repair and maintenance,
in-service support and conversion.

 

Its Belfast yard is one of Europe's largest heavy engineering facilities,
with deep water access, two of Europe's largest drydocks, ample quayside and
vast fabrication halls. As a result of the acquisition of Harland & Wolff
(Appledore) in August 2020, the company has been able to capitalise on
opportunities at both ends of the ship-repair and shipbuilding markets where
there will be significant demand.

 

In February 2021, the company acquired the assets of two Scottish-based yards
along the east and west coasts. Now known as Harland & Wolff (Methil) and
Harland & Wolff (Arnish), these facilities will focus on fabrication work
within the renewables, energy and defence sectors.

 

In addition to Harland & Wolff, it owns the Islandmagee gas storage
project, which is expected to provide 25% of the UK's natural gas storage
capacity and to benefit the Northern Irish economy as a whole when completed.

 

 

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