PriceSensitive

KALiNA Power (ASX:KPO) selects Siemens Energy as preferred vendor for Alberta projects

Materials
ASX:KPO      MCAP $7.735M
24 March 2021 16:20 (AEST)

Clean tech company KALiNA Power (KPO) has selected Siemens Energy as the preferred gas turbine generator vendor for its power generation projects in Alberta.

Siemens is a sustainability-focused energy technology company with a global team of more than 91,000 employees.

KPO selected the vendor for its performance, optimised capacity, favourable economics, and capacity to be modified for future hydrogen-use.

The technology will be utilised by KALiNA Distributed Power (KDP), a subsidiary of KALiNA Power, which is developing a portfolio of distributed power generation projects that are set to deploy 32 megawatt combined cycle power plants.

The Alberta operations will be configured with Siemens Energy’s gas turbine technology together with a KALiNA Cycle power module to generate emissions-free power from the turbine’s waste heat.

KDP — assisted by its own engineer, Power Engineer — began the competitive request-for-proposal process with multiple gas turbine vendors in the first quarter of 2020

Through an extensive bid review process, technical and commercial evaluations, KDP identified Siemens Energy as the successful candidate.

KALiNA Power shares are up by 4.08 per cent on Wednesday, trading at 5.1 cents at 3:16 pm AEDT.

Related News