Wabtec Wins Major Door and HVAC Contract for Norske Tog’s New Train Fleet
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Insights
The order received by Wabtec Corporation to supply HVAC units and door systems for Norske Tog's new regional trains is a significant development in the transit market. The focus on sustainability and efficiency aligns with global trends towards environmentally friendly technologies. The use of natural R290 refrigerant in their Green Air HVAC system is particularly noteworthy, as it represents a move away from high Global Warming Potential (GWP) refrigerants like R-134a. This shift could set a new industry standard and potentially influence future regulations and customer preferences.
From a market perspective, this order could enhance Wabtec's competitive positioning and open up opportunities for similar contracts globally, as the demand for green technologies is on the rise. The partnership with Alstom also indicates a strong supply chain synergy, which is vital for large-scale manufacturing and distribution. The operational benefits, such as weight savings and reduced filling charge, are likely to be well-received by the industry, given the ongoing pursuit of operational efficiency.
Wabtec's announcement of a major order could have a positive effect on their financial performance, considering the scale of the deal and its potential to influence future contracts. The supply of 180 saloon and 60 cab HVAC units, along with 720 door systems for the first batch of trains, represents a significant volume that could lead to a substantial increase in revenue. The early 2024 delivery date suggests that the financial impact of this order will be realized in the short to medium term, which could be favorable for Wabtec's stock performance.
Investors should note the potential for cost savings and efficiency improvements offered by Wabtec's technologies. These factors can contribute to a stronger bottom line and improved margins over time. However, it is also important to monitor the execution of this large-scale project, as delays or cost overruns could adversely affect the anticipated financial benefits.
The integration of the Green Air HVAC system using R290 refrigerant by Wabtec is a significant step towards sustainable transportation. With a GWP of only 0.02, it drastically reduces the potential environmental impact compared to traditional refrigerants. This move not only benefits Wabtec's corporate responsibility profile but also aligns with increasing regulatory pressures to lower emissions and the push for sustainable practices in the industry.
The operational benefits of the Green Air solution, including weight savings and a 50 percent reduction in filling charge, also present a compelling case for the adoption of such technologies by other companies in the sector. The trend towards sustainable solutions can lead to a ripple effect, encouraging suppliers, competitors and customers to innovate and adopt greener technologies, potentially reshaping market expectations and standards.
“This order builds on the momentum in the transit market for our technology solutions,” said Pascal Schweitzer, President of Wabtec’s Transit business. “It also continues our strong partnership with Alstom to help Norske Tog realize its goals. These solutions will deliver the industry-leading performance in terms of comfort, cost effectiveness, environmental stewardship, operability, and safety.”
The company will supply the components to Alstom, which won a contract to deliver up to 200 Coradia Stream™ regional trains to Norske Tog. Wabtec will provide 180 saloon and 60 cab HVAC units for the first batch of trains, along with 720 door systems and gap fillers. First deliveries are expected in early 2024.
Wabtec's Green Air solution sets the new market standard for natural refrigerant HVAC systems. It is the transit rail industry’s first air conditioning system using natural R290 refrigerant, a clean and environmentally friendly option. The refrigerant R290 used in the Green Air system has a Global Warming Potential (GWP) of 0.02. Traditional heating, ventilation and air-conditioning systems use synthetic refrigerants, such as R-134a, which has a GWP of 1430. These high-GWP refrigerants trap substantially more heat in the atmosphere than the natural R290-based solutions.
The Green Air solution also offers operational benefits of up to 30 percent in weight savings compared to CO2 applications. It reduces the filling charge by 50 percent compared to 513a refrigerant.
“Norske Tog is an industry leader, who adopts the latest, innovative technologies that improve its operations and customer experience,” said Schweitzer. “Their trains will be one of the first to realize the benefits of our Green Air solution."
In addition to the HVAC system, the train will incorporate Wabtec’s double-sliding door driven by ESP4C operator. The design is 30 percent more compact and 20kg lighter than previous products, generating space, energy, and cost savings. The door solution is equipped with a sliding step and a range of special features including touchless passenger detection, sustainable painting system, high performances for low temperature conditions (thermal and noise attenuation). These features make the doors reliable in tough environments and ensure all-weather accessibility. The door system also will include cybersecure-ready DLCNext+ control units.
Alstom will begin delivering the new trains to Norske Tog in 2025. Once in service, this new fleet will provide a suburban and fast rail service, connecting Ski and Stabekk in the greater
Alstom™, Coradia™ and Coradia Stream™ are protected trademarks of the Alstom Group.
About Wabtec
Wabtec Corporation (NYSE: WAB) is revolutionizing the way the world moves for future generations. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240212090491/en/
Media Contact:
Raphael Hinninger
Wabtec
+33 (0)6 71 83 60 36
Raphael.hinninger@wabtec.com
Investor Contact:
Kristine Kubacki, CFA
Wabtec
+1 412-450-2033
kristine.kubacki@wabtec.com
Source: Wabtec Corporation
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