Timken Seeing Strong Demand for Solar Energy Solutions; Wins Solar Project in Australia

Rhea-AI Summary

Timken Company (NYSE: TKR) is partnering with ATEC to provide innovative solutions for the Wollar Solar Farm project in Australia. The company is delivering slewing drives and an octagonal rotating shaft solution for solar panels to withstand challenging wind conditions in the mountainous region. Timken's commitment to advancing environmental sustainability is evident through its investments in research and development for renewable energy projects, representing approximately 10 percent of its total sales in 2022.

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• Timken's collaboration with ATEC on the Wollar Solar Farm project demonstrates its commitment to providing innovative solutions for challenging geographical and weather-related conditions, positioning the company as a leader in the renewable energy sector.

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Delivering innovative product for photovoltaic (PV) trackers to help withstand geographical and weather-related challenges

NORTH CANTON, Ohio, Aug. 8, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, is providing slewing drives for the second-largest photovoltaic (PV) solar tracking system project in Australia. Solar tracker manufacturer ATEC chose Timken's Cone Drive solution to help it overcome challenging wind conditions in the mountainous region of New South Wales, where the 280 MW Wollar Solar Farm is being constructed.

"We collaborate closely with ATEC and other solar companies to provide innovative solutions in response to a wide range of challenges, including weather and terrain," said Carl Rapp, group vice president of drive systems and services. "By working together with customers and providing our engineering expertise, we can enhance the performance and reliability of solar tracking systems, creating a more efficient and resilient world in the process."

Timken has partnered with ATEC on several solar projects, including developments in Zambia and China. For the Wollar Solar Farm, Timken is delivering an innovative octagonal rotating shaft solution for solar panels designed to withstand the windy conditions that are typical in the mountainous region. The solar farm's developers expect to complete the project and connect it to Australia's national power transmission grid in 2024.

Renewable energy is Timken's single-largest end-market sector, representing approximately 10 percent of total company sales in 2022. The company is committed to advancing environmental sustainability through product innovation, operational excellence and technology. Timken has invested heavily in research and development in support of solar and wind energy and has built strong manufacturing, engineering and testing capabilities across its global footprint. Timken and Cone Drive have played a role in significant utility-scale solar tracking system projects, including Al Dhafra PV2, the world's largest single-site solar power plant; South Africa's Redstone Solar Thermal Power project; Al Maktoum Solar Park in Dubai; and PowerChina's Jiangxi Electric project.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.5 billion in sales in 2022 and employs more than 19,000 people globally, operating from 46 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies^® by Ethisphere, America's Most Innovative Companies by Fortune and America's Best Large Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

 

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SOURCE The Timken Company

FAQ

What is Timken Company's (NYSE: TKR) involvement in the Wollar Solar Farm project in Australia?

Timken is providing slewing drives and an octagonal rotating shaft solution for solar panels to withstand challenging wind conditions in the mountainous region.

How much of Timken's total sales in 2022 were from renewable energy projects?

Renewable energy represented approximately 10 percent of Timken's total company sales in 2022.

What are some notable solar tracking system projects that Timken and Cone Drive have been involved in?

Timken and Cone Drive have played a role in significant utility-scale solar tracking system projects, including Al Dhafra PV2, South Africa's Redstone Solar Thermal Power project, Al Maktoum Solar Park in Dubai, and PowerChina's Jiangxi Electric project.