The Switch has come far as the result of hard work and reached several new milestones over the past few months.
Together with one of our partners, MHI Vestas Offshore Wind, we’re pioneering the leading trends in offshore by moving toward more powerful turbines. Our own permanent magnet generator is a key component in the biggest-in-class turbine, which currently generates power at an impressive 9.5 MW level.
The generators for these massive offshore turbines are now in mass production to meet the booming offshore wind demands in Europe. And we see this same trend toward more powerful turbines spreading to other parts of the world.
As more turbine manufacturers pursue this growing market, they are entering a space familiar to us for years – bigger and better power generation through the use of advanced drive trains. Our permanent magnet generator (PMG) and full-power converter (FPC) platform offers a proven foundation for those manufacturers who are looking to increase the size and power of their turbines for the future. And, as a company, we always strive to offer higher performance at a competitive price for both our converters and generators.
On the marine side, in a short period of time, we have been able to leverage our international presence by getting orders from various European countries, China and Japan.
With ongoing deliveries, we have also been able to demonstrate that we fully support the commissioning of our products anywhere on the globe. A big milestone for us in marine is our latest cooperation agreement with CSIC/711. This agreement enables us to provide advanced technology for the growing shipbuilding industry in China, helping shipowners and shipyards reach the next level in sophistication.
Currently, we are in the process of selecting the best system integrators and other partners with whom we can combine forces in a powerful way, to offer and promote sustainable, future-proof shipping.
On the industrial side, business with our partners continues to be good. We are also on the search for killer applications that can reap the advantages of permanent magnet technology and high-speed motors.
As we continue to pass new milestones, we invite you to join us in reaching the next one together as a winning team!