Record Wins for Linde’s Small On-Site Solutions in 2024 Driven by Electronics and Decarbonization
Linde (Nasdaq:LIN) has achieved a record number of new small on-site projects for nitrogen and oxygen supply for the fifth consecutive year. In 2024, the company secured 59 new long-term agreements to build, own, and operate 64 plants at customer sites.
The agreements span various end markets, with demand primarily driven by growth in electronics, including battery production for electric vehicles, as well as glass and metal manufacturers seeking emission reduction and efficiency improvements. These projects will utilize Linde's proprietary ECOVAR technology, designed for efficiency, adaptability, and reliability.
The projects meet Linde's investment criteria and are expected to quickly contribute to company growth while enhancing network density due to short execution timelines.
Linde (Nasdaq:LIN) ha raggiunto un numero record di nuovi progetti on-site di piccole dimensioni per la fornitura di azoto e ossigeno per il quinto anno consecutivo. Nel 2024, l'azienda ha stipulato 59 nuovi contratti a lungo termine per costruire, possedere e gestire 64 impianti presso i siti dei clienti.
I contratti coprono vari mercati finali, con una domanda principalmente guidata dalla crescita nel settore elettronico, inclusa la produzione di batterie per veicoli elettrici, oltre ai produttori di vetro e metallo in cerca di riduzione delle emissioni e miglioramenti in termini di efficienza. Questi progetti utilizzeranno la tecnologia proprietaria ECOVAR di Linde, progettata per efficienza, adattabilità e affidabilità.
I progetti soddisfano i criteri di investimento di Linde e si prevede che contribuiscano rapidamente alla crescita dell'azienda migliorando al contempo la densità della rete grazie a brevi tempi di esecuzione.
Linde (Nasdaq:LIN) ha logrado un número récord de nuevos pequeños proyectos in situ para el suministro de nitrógeno y oxígeno por quinto año consecutivo. En 2024, la compañía aseguró 59 nuevos acuerdos a largo plazo para construir, poseer y operar 64 plantas en los sitios de los clientes.
Los acuerdos abarcan diversos mercados finales, con una demanda impulsada principalmente por el crecimiento en electrónica, incluida la producción de baterías para vehículos eléctricos, así como fabricantes de vidrio y metal que buscan reducir emisiones y mejorar la eficiencia. Estos proyectos utilizarán la tecnología ECOVAR de Linde, diseñada para la eficiencia, adaptabilidad y confiabilidad.
Los proyectos cumplen con los criterios de inversión de Linde y se espera que contribuyan rápidamente al crecimiento de la empresa, al tiempo que mejoran la densidad de la red debido a los cortos plazos de ejecución.
린데 (Nasdaq:LIN)는 질소 및 산소 공급을 위한 소규모 현장 프로젝트의 수가 5년 연속 신기록을 세웠습니다. 2024년에는 회사가 고객 현장에서 64개 플랜트를 구축, 소유 및 운영하기 위해 59개의 새로운 장기 계약을 체결했습니다.
이 계약은 다양한 최종 시장을 아우르며, 주로 전자기기 분야의 성장에 의해 수요가 주도되고, 전기차의 배터리 생산과 배출 감소 및 효율성 향상을 추구하는 유리 및 금속 제조업체가 포함됩니다. 이러한 프로젝트는 효율성, 적응성 및 신뢰성을 위해 설계된 린데의 독점 ECOVAR 기술을 활용할 것입니다.
이 프로젝트들은 린데의 투자 기준을 충족하며, 짧은 실행 기간으로 인해 회사 성장에 빠르게 기여하고 네트워크 밀도를 향상시킬 것으로 기대됩니다.
Linde (Nasdaq:LIN) a atteint un nombre record de nouveaux petits projets sur site pour l'approvisionnement en azote et en oxygène pour la cinquième année consécutive. En 2024, l'entreprise a sécurisé 59 nouveaux contrats à long terme pour construire, posséder et exploiter 64 usines sur les sites des clients.
Ces contrats couvrent divers marchés finaux, avec une demande principalement tirée par la croissance dans le secteur de l'électronique, notamment la production de batteries pour véhicules électriques, ainsi que des fabricants de verre et de métal cherchant à réduire les émissions et à améliorer l'efficacité. Ces projets utiliseront la technologie ECOVAR de Linde, conçue pour l'efficacité, la flexibilité et la fiabilité.
Les projets répondent aux critères d'investissement de Linde et devraient rapidement contribuer à la croissance de l'entreprise tout en améliorant la densité du réseau grâce à des délais d'exécution courts.
Linde (Nasdaq:LIN) hat im fünften Jahr in Folge eine Rekordzahl neuer kleiner On-Site-Projekte zur Versorgung mit Stickstoff und Sauerstoff erreicht. Im Jahr 2024 sicherte sich das Unternehmen 59 neue langfristige Verträge zum Bau, Eigentum und Betrieb von 64 Anlagen an den Standorten der Kunden.
Die Verträge umfassen verschiedene Endmärkte, wobei die Nachfrage hauptsächlich durch das Wachstum im Bereich Elektronik angetrieben wird, einschließlich der Batterieproduktion für Elektrofahrzeuge, sowie Glas- und Metallhersteller, die Emissionsreduktion und Effizienzsteigerungen anstreben. Diese Projekte werden Linde's eigene ECOVAR-Technologie nutzen, die für Effizienz, Anpassungsfähigkeit und Zuverlässigkeit entwickelt wurde.
Die Projekte entsprechen den Investitionskriterien von Linde und werden voraussichtlich schnell zum Wachstum des Unternehmens beitragen und gleichzeitig die Netzwerkdichte aufgrund kurzer Ausführungszeiträume erhöhen.
- Record number of new small on-site projects for 5th consecutive year
- 59 new long-term agreements secured for 64 plants
- Projects meet investment criteria with short execution timelines
- Expansion in high-growth sectors (electronics, EV battery production)
- Enhancement of network density
- None.
Insights
The record-breaking 59 new long-term agreements for 64 small on-site plants marks a significant strategic win for Linde, particularly in high-growth sectors. The build-own-operate model ensures steady, predictable revenue streams while strengthening customer relationships through long-term contracts. These installations typically generate annual revenues of
The strategic focus on electronics and EV battery production positions Linde advantageously in sectors experiencing secular growth. The semiconductor industry's expansion and accelerating EV adoption create sustained demand for industrial gases. The company's proprietary ECOVAR technology offers a compelling value proposition through its efficiency and adaptability, particularly important for electronics manufacturing where gas purity and reliable supply are paramount.
The emphasis on network density enhancement is particularly noteworthy. Each new installation strengthens Linde's regional presence, creating operational synergies and economies of scale that improve margins and competitive positioning. The short execution timelines mean faster time-to-revenue, typically within 12-18 months of signing.
The decarbonization angle for glass and metal manufacturers represents a strategic alignment with industrial sustainability trends. By helping customers reduce emissions while improving efficiency, Linde is positioning itself as a key enabler of industrial decarbonization, potentially creating additional revenue opportunities through carbon reduction initiatives.
WOKING, UK / ACCESS Newswire / February 4, 2025 / Linde (Nasdaq:LIN) announced today that for the fifth successive year, it secured a record number of new small on-site projects for the supply of nitrogen and oxygen. During 2024, the company signed 59 new long-term agreements for which it will build, own and operate 64 plants at customer sites.
Linde signed agreements with customers across a broad range of end markets, with demand driven by secular growth in electronics, including battery production for electric vehicles, plus glass and metal manufacturers seeking ways to reduce their emissions and improve efficiency.
These projects will leverage Linde's proprietary ECOVAR® technology, which is engineered for exceptional efficiency, adaptability and reliability. They meet Linde's strict investment criteria and, due to their short execution timelines, will rapidly contribute to the company's growth. Additionally, they will continue to enhance Linde's network density.
"Linde's unwavering commitment to innovation is reflected in our leading-edge technology portfolio, which is best positioned to meet the evolving needs of our customers," said Sanjiv Lamba, Chief Executive Officer, Linde. "Our small on-site plants fully leverage this and provide cost-effective solutions that help our customers enhance efficiency while reducing emissions."
About Linde
Linde is a leading global industrial gases and engineering company with 2023 sales of
The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit linde.com.
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SOURCE: Linde plc
View the original press release on ACCESS Newswire
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