22 November 2023
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Frank Hartmann, CFO of BITZER, left, and Jiří Musílek, Managing Director of BPOWER
BITZER has acquired Czech Republic-based Organic Rankine Cycle (ORC) specialist BPOWER to expand its waste heat and green energy portfolio.
This deal not only allows BITZER to offer components and ORC systems for generating power from waste heat, thus making an important contribution to decarbonisation, but also enables system integration. Efficient use of waste heat in the industry can go a long way in helping to make production more energy-efficient, reduce carbon emissions and thus achieve climate targets.
Christian Wehrle, CEO of the BITZER Group, said: "We are delighted to welcome a new member which allows us to manufacture components and ORC systems as well as offer system integration. Thanks to BPOWER, end users will have access to the full range of necessary ORC services, including planning, project engineering, installation and customer service.''
ElectraTherm, a manufacturer of ORC systems for low-temperature use of waste heat based in Flowery Branch, USA, is also part of the BITZER Group.
The BPOWER product portfolio comprises solutions for exploiting waste heat, heat recovery in combined heat and power systems and power generation from biomass. The company offers services for planning, engineering, commissioning and overseeing ORC systems around the world.
Former majority shareholder Jiří Musílek will continue to lead the company for BITZER as Managing Director. He said: "As part of the powerful BITZER Group, we are now in a position to pursue our enormous expansion plans of fulfilling market demand for the ORC at a much larger scale. There’s so much potential for exploiting waste heat.''
Founded in 2009, BPOWER has 24 employees and has to date installed more than 300 systems worldwide.
