OPW Clean Energy Solutions Adds XL Bore Vacuum-Jacketed Piping Product For Cryogenic Market

Rhea-AI Summary

ACME Cryogenics, part of OPW Clean Energy Solutions and Dover (NYSE: DOV), has launched its new XL Bore Vacuum-Jacketed Piping (VJP) for cryogenics handling. The product is designed to maintain extremely cold temperatures of cryogenic liquids including LNG, liquid hydrogen, oxygen, CO2, and helium, primarily used in aerospace and space exploration applications. The VJP features a unique 'pipe within a pipe' design with multi-layer insulation coated in aluminum, enabling maintenance-free operation for over 20 years.

Positive

• Product innovation with 20+ years maintenance-free operation capability
• Expansion into high-growth aerospace and space exploration markets
• Enhanced product portfolio in cryogenics handling segment

Negative

• None.

Insights

Tech Expert

The introduction of XL Bore Vacuum-Jacketed Piping represents an incremental product advancement rather than a significant market disruptor. While the technology offers improved efficiency for cryogenic liquid handling with its 20+ year maintenance-free operation, it's unlikely to materially impact Dover's financial performance given the company's diverse portfolio and $27.2B market cap.

The product primarily targets niche markets like aerospace and industrial gas applications. The key technical innovation lies in the metallic-coated multi-layer insulation system, which provides superior thermal performance compared to traditional foam insulation. However, the market for such specialized equipment, while steady, represents a small fraction of Dover's overall revenue streams.

DOWNERS GROVE, Ill., Nov. 20, 2024 /PRNewswire/ -- ACME Cryogenics, part of OPW Clean Energy Solutions and Dover (NYSE: DOV), today announced the addition of the XL Bore Vacuum-Jacketed Piping (VJP) to its portfolio of cryogenics-handling products. The new VJP has been designed to help maintain cryogenic liquid's extremely cold temperature, prevent leaks and transfer the full array of high-volume cryogenics, including liquefied natural gas (LNG), liquid hydrogen (LH2), liquid oxygen (LOX), carbon dioxide (CO2) and helium. Many of these cryogenics are used in aerospace applications for space exploration, especially for fueling.

"Handling and transporting cryogenic liquids requires plenty of care as they must be kept at extremely cold temperatures. They must not be allowed to return to their gaseous state, and they must be shipped in volumes large enough to satisfy the needs of a space-launch operation or fuel a fleet of transport trucks, ships, barges or planes," said Bennett Allred, Director of Technical Sales and Installation Services for ACME Cryogenics. "The design and operation of the XL Bore Vacuum-Jacketed Piping helps maintain the integrity of the user's cryogenics-handling processes while meeting the highest industry standards for safety, reliability and cost-effective performance."

Like foam-insulated piping, VJP consists of a "pipe within a pipe" design including an inner pipe that carries the cryogenic liquid and an outer pipe that seals the annular space between the pipes. What makes VJP unique is its inner pipe, which is wrapped with thin sheets of multi-layer insulation that is coated with a metallic material, usually aluminum, to block radiative heat transfer. This design allows VJP to operate maintenance-free for 20 or more years.

For more information about the XL Bore VJP or other products and systems from ACME Cryogenics, please visit opwces.com.

About ACME Cryogenics:

Established in 1969 and headquartered in Allentown, PA, ACME Cryogenics is a provider of highly engineered, mission-critical components and services that facilitate the production, storage and distribution of cryogenic gases that are used in a variety of applications. ACME supplies engineered components such as valves, vacuum-jacketed piping, fittings, LNG fueling components and other specialty flow-control devices. In 2021, ACME was acquired by Dover Corporation and became a founding member of OPW Clean Energy Solutions, which is housed within the Dover Clean Energy & Fueling business segment.

About OPW Clean Energy Solutions:

OPW Clean Energy Solutions was formed in December 2021 when OPW acquired both ACME Cryogenics and RegO® Products. Since then, the company has continued to expand its reach as a supplier of clean-energy fluid-handling equipment and systems, most notably with the acquisitions in 2024 of Demaco, Marshall Excelsior Company (MEC) and SPS Cryogenics/Special Gas Systems (SPS-SGS). ACME is a leading provider of mission-critical cryogenics products and services that facilitate the production, storage and distribution of cryogenics liquids and gases. RegO is a leading provider of highly engineered flow-control solutions for the cryogenic and liquified-gas end markets. Demaco specializes in the development of vacuum-insulated piping solutions for the cryogenics industry. MEC and its subsidiaries CPC Cryolab, BASE Engineering, Inc., and Xanik develop and supply mission-critical flow-control products and solutions for the LNG and anhydrous ammonia (NH3) markets. SPS-SGS is a manufacturer of vacuum-insulated pipeline systems for use in the handling of a wide array of industrial gases. Together, they are taking OPW beyond conventional fueling solutions and helping define what's next for alternative energy markets. For more information on OPW Clean Energy Solutions, please visit opwces.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

OPW Clean Energy Solutions Contact:
Brittany Eppley
(330) 212-1690
brittany.eppley@opwglobal.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039 
asakowicz@dovercorp.com

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover

FAQ

What is Dover's (DOV) new XL Bore VJP product used for?

Dover's XL Bore Vacuum-Jacketed Piping is used for handling and transporting cryogenic liquids like LNG, liquid hydrogen, oxygen, CO2, and helium, primarily in aerospace and space exploration applications.

How long can Dover's (DOV) new XL Bore VJP operate without maintenance?

The XL Bore Vacuum-Jacketed Piping can operate maintenance-free for 20 or more years due to its specialized design with multi-layer insulation.

What are the key features of Dover's (DOV) XL Bore VJP design?

The XL Bore VJP features a 'pipe within a pipe' design with an inner pipe wrapped in metallic-coated multi-layer insulation, typically aluminum, to block radiative heat transfer.