STOCK TITAN

Konecranes to modernize four polar reactor cranes for major US power utility

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Konecranes has been awarded a $58.6 million contract for modernizing four polar reactor cranes for a major U.S. power utility. This project aims to enhance lifting capacity and upgrade controls to variable frequency drives for improved load management. The modernization includes installing new operator cabs and eight-wheel trolleys with capacities of 150 tons and 180 tons. The total project will take seven years and draws on Konecranes' past experience in upgrading similar cranes.

Positive
  • Secures a $58.6 million contract enhancing future revenue.
  • Utilizes patented technology and proven expertise in nuclear crane modernization.
  • Enhances client relationship through repeat business.
Negative
  • None.

HELSINKI, Dec. 14, 2021 /PRNewswire/ -- Konecranes was chosen for a $58.6 million modernization project for a major power utility in the United States. The utility has two polar reactor cranes in two different facilities that are in need of upgrades due to plant extensions. The customer is looking to increase lifting capacity and update the controls to variable frequency drives for smoother travelling motion and better load control. They also want new operator cabs with joystick controls for better ergonomics.

This is not the first time Konecranes completed a major project for this utility. Konecranes successfully uprated two of the polar cranes in 2002 from 125 ton to 140 ton when the utility purchased heavier replacement reactor heads for its two units. Konecranes provided extensive work to the polar reactor cranes inside of containment utilizing its patented work platform.

This project has a total completion time of seven years. In that time, Konecranes will replace all four polar crane trolleys with complete eight-wheel equalizing trolleys with 150-ton standard capacity and 180-ton special rated capacity for occasional use. We will use our patented trolley installer which has been successfully deployed more than 22 times in the past 15 years. Our experienced installation team will be drawing on the knowledge gained from being the only company to have successfully replaced polar crane trolleys in an operating nuclear power plant.

CONTACT:

Further information:
Steve Waisanen, Vice President Head of BU Nuclear
Email: steve.waisanen@konecranes.com

This press release is available at our website konecranes.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/konecranes-oyj/r/konecranes-to-modernize-four-polar-reactor-cranes-for-major-us-power-utility,c3471567

The following files are available for download:

https://mb.cision.com/Main/18879/3471567/1509350.pdf

Power industry modernization_AME_Dec2021

Cision View original content:https://www.prnewswire.com/news-releases/konecranes-to-modernize-four-polar-reactor-cranes-for-major-us-power-utility-301444136.html

SOURCE Konecranes Oyj

FAQ

What is the value of the Konecranes modernization project for the U.S. power utility?

The project is valued at $58.6 million.

How long will the Konecranes modernization project take?

The total completion time for the project is seven years.

What improvements will be made to the polar reactor cranes?

Improvements include upgraded lifting capacity, variable frequency drives for smoother operation, and new ergonomically designed operator cabs.

Is this the first project Konecranes has done for this power utility?

No, Konecranes has previously completed significant upgrades for the utility, including a crane modernization in 2002.

What technical advancements will be implemented in the crane modernization?

The modernization will include the installation of eight-wheel trolleys with capacities of 150 and 180 tons.

KONECRANES PLC UNSP/ADR

OTC:KNCRY

KNCRY Rankings

KNCRY Latest News

KNCRY Stock Data

4.22B
59.76M
Farm & Heavy Construction Machinery
Industrials
Link
United States of America
Hyvinkää