DGAP-News: GEA Group Aktiengesellschaft
/ Key word(s): Miscellaneous
GEA RT becomes GEA Heating & Refrigeration Technologies
- GEA increasingly offers customers solutions to help reduce CO2 emissions
- Investing high-digit million-euro sum in test centers
- Renaming reflects better integration of heating and cooling technology
Düsseldorf, 13 October 2021 - GEA Group today announced that its Refrigeration Technologies division is now operating under the name GEA Heating & Refrigeration Technologies. The renaming reflects GEA's leading position as a supplier of sustainable heating and cooling technology under one roof. This allows GEA to offer its customers solutions with increased efficiency and reduced CO2 emissions, helping them to accelerate the transition to greener technologies.
Heat accounts for more than half of the global total final energy consumption and is today still mainly produced by using fossil fuels. Companies are consequently looking for better ways to reduce their carbon footprint and to optimize their energy efficiency. In applications such as food, beverage and dairy processing, products are usually heated up and then refrigerated. GEA's heat pumps reuse and upcycle waste heat from essential refrigeration processes and repurpose it in the production process. This significantly reduces the energy demand of many industries. Simply put: Heat that would be wasted can now be used to replace carbon emissions.
"Our name change clearly signals our long-term commitment to the growing heating and refrigeration market by providing our customers with integrated solutions that are more energy efficient and better for the environment," says Kai Becker, CEO of GEA Heating & Refrigeration Technologies. "We have the knowledge, the technology and the ability to successfully implement innovative projects that enable customers to build green factories that comply with current and future emission targets."
The expansion from 400m² to 850m² of its existing test center in Berlin started in May 2021 and is scheduled to conclude in 2023. As the facility will be 90 percent automated and operational 24/7, customers will for example benefit from digital and real-time machine and performance data. In Den Bosch, Netherlands, GEA is integrating its off-site test centers into the existing factory and extending it with new state-of-the art test equipment.
"These measures help drive GEA's own sustainability goals as well as increase customer satisfaction by providing them support on their road to decarbonization," Becker adds. "We are now seizing the opportunity to expand our division sustainably. This is a perfect example of engineering for a better world."
GEA is listed in the German MDAX and the STOXX(R) Europe 600 Index and is also one of the companies that make up the sustainability indices DAX 50 ESG and MSCI Global Sustainability.
For more information, visit gea.com.
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GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1081
Fax +49 (0)211 9136 31087
File: GEA's heating - and refrigeration plant room at Wipasz, Poland. (Photo: GEA)
13.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||GEA Group Aktiengesellschaft|
|Phone:||+49 (0)211 9136-0|
|Fax:||+49 (0)211 9136-31087|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange|
|EQS News ID:||1240284|
|End of News||DGAP News Service|