Aggreko is growing rapidly in America

Aggreko is growing rapidly in America

Power and temperature control specialist Aggreko reported strong growth in North and South America and the Asia-Pacific region in the second quarter of the year, with sales in these regions increasing by 16 to 27 percent.

In North America, revenues increased 16% to $462 million in the three months ended June 30, reflecting increased activity in the petrochemicals and refining and building services and construction segments.

Aggreko’s new 250 kW/575 kWh Battery Energy Storage System (BESS).

In Latin America, there was a 27% increase to $211 million – driven by the oil and gas, mining and utilities sectors – while in the Asia Pacific region, the 16% increase to $153 million was due to power needs for data centers in Japan, Indonesia and Thailand, as well as mining in Australia and shipping work in Singapore.

In Europe and the Middle East, sales increased 5-6%, with Europe generating revenue of $250 million. Growth in the utilities and data center segments was offset by lower activity in the building services and construction segments.

The company continues to de-risk its business and is withdrawing from some African countries, where revenue fell 9% to $94 million in the quarter.

As previously announced, the company is selling its Eurasia business – including Russia – for $108 million to a newly formed group formed by its private equity owners TDR Capital and I Squared Capital Advisors, but it is still looking for an external buyer.

Meanwhile, Aggreko has expanded its rental offering of battery energy storage systems (BESS) in North America, adding 250 kW/575 kWh and 500 kW/250 kWh units to its existing 30 kVA, 60 kVA and 1 MW models.

The medium-sized units can be connected to an existing power grid, operated in island mode or used in a hybrid power supply solution, providing energy storage for commercial and industrial applications. The BESS models are housed in containers and are therefore supplied with inverters, HVAC systems, fire protection and additional components.

Stephen Saal, Aggreko’s vice president of sales and marketing, said the two new sizes would help customers meet strict emissions standards, improve efficiency and reduce costs: “We are committed to leveraging our decades of engineering expertise to deliver greener solutions that drive our customers’ energy transition in their own way and at their own pace.”

In addition to the expanded BESS options, Aggreko’s Greener Upgrades range in North America includes Tier 4F generators, natural gas generators and oil-free air compressors.

Aggreko expands BESS fleet with $200 million investment

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