TransnetBW and RCM Technologies to Partner on Energy Transition
- The partnership between TransnetBW and RCM Technologies, Inc. aims to modernize the transmission grid in Europe.
- RCM Technologies, Inc. has signed a contract with TransnetBW for upcoming projects, including Grünkraut substations.
- The partnership demonstrates confidence in furthering their combined objective to design and operate critical electric transmission grid infrastructure builds.
- None.
Insights
The partnership between RCM Technologies and TransnetBW marks a significant step in Europe's energy infrastructure development, specifically in the transmission grid modernization. The collaboration focuses on engineering and technology services to support the 'Energiewende', Germany's transition to a decarbonized, net-zero grid. This is indicative of increasing investment in renewable energy and infrastructure, which is essential for meeting future energy demands and environmental targets.
RCM Technologies' involvement in the design and execution of critical infrastructure projects, such as the Grünkraut substations, underscores the company's capabilities in the energy sector. The use of their proprietary P6D BIM software and digital data management tools suggests a competitive edge in project efficiency and cost savings, which could lead to improved profit margins and a stronger market position.
The announcement of a long-term partnership with a market-leading utility like TransnetBW is likely to be viewed positively by investors and could impact RCM Technologies' financial performance. The contract for upcoming projects, including the mention of large-scale initiatives, suggests a substantial pipeline of work that may contribute to steady revenue streams over the long term.
Expansion plans in European markets and the growth of RCM's engineering team indicate strategic investment in capacity and expertise. This proactive approach could potentially enhance shareholder value and attract further investment in the company.
The partnership between RCM Technologies and TransnetBW is aligned with global sustainability goals, as it contributes to the energy transition towards a decarbonized grid. The emphasis on clean energy infrastructure projects, such as the New York-based Clean Energy Hub, reflects a broader trend of integrating sustainability into business models.
RCM's commitment to supporting the Energiewende not only positions the company as a key player in the sustainable energy sector but also aligns with investor interest in environmentally responsible and sustainable practices. This could enhance RCM's reputation and brand value, potentially influencing consumer and investor decisions.
Market-leading utility TransnetBW and RCM Technologies, Inc. enter a new partnership for critical infrastructure projects to modernize the transmission grid in Europe
PENNSAUKEN, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (NasdaqGM: RCMT) hosted a TransnetBW executive team visit to North America with stops in Houston, Washington DC, and New York City while solidifying the start of a long-term partnership with RCM Technologies GmbH to deliver engineering and technology services for grid modernization projects.
Dr. Werner Götz, CEO of TransnetBW, and Mr. Bradley Vizi, Executive Chairman and CEO of RCM Technologies, Inc. signed a contract for upcoming projects, including Grünkraut substations, demonstrating the confidence of both parties in furthering their combined objective to design and operate critical electric transmission grid infrastructure builds.
TransnetBW sent a delegation to the United States from December 4 to 8 of 2023 to explore multiple opportunities and RCM's capabilities for future collaborations. This visit included tours of two high-voltage AIS substations in Texas and a medium voltage GIS substation in Washington DC, where RCM had significant project responsibility.
RCM's commitment and active involvement in the energy transition to a decarbonized net zero grid globally in Europe and North America, as well as its engineering and digital project management capabilities, were highlighted at the RCM Technologies offices in Midtown Manhattan.
RCM Technologies project reviews led by the RCM Energy Services Leadership Team included:
- One of the largest underground 115kV GIS substations in North America with coverage on Electrical, Mechanical, Civil, Structural, Architectural, and 3D BIM Design Engineering Services
- Design of New York-based, Clean Energy Hub, a large-scale critical infrastructure project that is key to the State strategy for achieving the goal of
100% clean energy by 2040 - Innovative end-to-end application of RCM’s proprietary P6D BIM software and digital data management tool, which enables efficiency gains from planning to construction and operation, with high cost-saving potential while delivering project quality assurance
Mr. Vizi emphasized, “We provide our technical expertise, global resources, proprietary technology, and commitment to the partnership with TransnetBW. Our Energy Services team is looking forward to fully supporting TransnetBW in the development of their large-scale projects to achieve the goals of the ‘Energiewende’ in Germany.”
Dr. Götz added, “The successful execution of Grünkraut 1, combined with our ongoing collaboration, gave us confidence in the execution of an order for Grünkraut 2, and the start of a long-term partnership between RCM Technologies GmbH and TransnetBW to build the transmission grid of the future.”
RCM plans to continue to expand its engineering team and capacity in European markets with RCM Technologies GmbH in Frankfurt/Eschborn, supported by international integrated design team capabilities in North America and Europe.
RCM Technologies, Inc.
RCM Technologies (NasdaqGM: RCMT) is a business and technology solutions provider with world-class talent in key market segments. We help design, build, and enable the Industries of Tomorrow, Today. Operating at the intersection of Resources, Criticial infrastracture and Modernization of industries through advanced technologies, RCM is a provider of services in Health Care, Engineering, Aerospace & Defense, Process & Industrial, Life Sciences and Data & Solutions. www.rcmt.com
| RCM Technologies, Inc. | Tel: 856.356.4500 | Corporate Contacts: |
| 2500 McClellan Avenue | info@rcmt.com | Bradley S. Vizi |
| Pennsauken, NJ 08109 | www.rcmt.com | Executive Chairman |
| Kevin D. Miller | ||
| Chief Financial Officer |
Photos accompanying this announcement are available at:
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FAQ
What is the new partnership between TransnetBW and RCM Technologies, Inc. (NasdaqGM: RCMT) about?
What upcoming projects are included in the contract signed between RCM Technologies, Inc. and TransnetBW?
What does the partnership demonstrate?
