Heliocentris and Cummins Sign Strategic Supply Agreement

17 Sep 2013

Heliocentris Energy Solutions AG

Heliocentris has announced the signing of an international supply agreement with Cummins Power Generation, a division of Cummins Inc. (NYSE:CMI) and a designer and manufacturer of diesel generators and power generation equipment. Under this five-year frame contract, Heliocentris will supply its innovative Energy Management Systems to Cummins Power Generation and Cummins will integrate these systems to offer to its worldwide customer base network-managed hybrid energy solutions under Cummins brand.

Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG commented: "The agreement between Heliocentris and Cummins will allow us to address a much broader customer base, as well as participate in new network, large scale build-outs. Through the Cummins' network of distributors in more than 190 countries, we will be able to scale our business much faster. We expect revenues in the mid double-digit million Euro range from this contract over the next five years."

Under the agreement, Cummins and Heliocentris will leverage their respective leading technologies in power generation, hybrid energy solutions and telecommunication network management to release the next generation of integrated hybrid energy systems from Cummins. Such integrated hybrid energy systems will continuously optimize energy efficiency, network uptime and operational expenses of stationary applications such as mobile base stations.

"After extensive testing of various systems, we identified the energy management package from Heliocentris as one of the most flexible and reliable systems in the market," said Antonio Leitao, Vice President - Power Products, Cummins Power Generation. "Our leading diesel generator offerings and global service network, combined with Heliocentris energy management system will provide our customers with highly reliable power systems that help meet sustainability goals while reducing their total cost of ownership."

Today, diesel generators are the main source of electrical power for off-grid and unreliable grid applications such as mobile base stations. At the same time, environmental concerns, rising fuel costs and operational expenses are driving customers to reduce their CO2 emissions and total cost of ownership.

Ayad Abul-Ella continued, "Heliocentris has deployed more than a thousand of Energy Management Systems globally and has reduced the annual diesel consumption per 100 sites by approximately 1.3 million liters. This results in 3,200 tons fewer CO2 emissions and a reduction of operating expenses by more than 50%. Combining Cummins' superior power generating products with our innovative energy management technology will allow us to take these benefits to the next level."

The Cummins diesel generator solutions, with the integrated energy management technology of Heliocentris, will provide maximum uptime at the least cost of ownership. The system will integrate seamlessly into customers' Network Operating Centres, and be upgrade-ready, allowing the integration of almost any renewable energy technology, such as Solar, Wind, Fuel Cells and Electrolysers.

     

Source: Heliocentris

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