Rainpower

Last updated
Rainpower ASA
Company type Public limited company (ASA)
Industry Engineering
Predecessor Kvaerner Brug AS
Sørumsand Verksted
GE Hydro
Founded2007 (2007)
Headquarters,
ProductsEquipment for hydropower electricity generation
ServicesEngineering and technology development services
Website www.rainpower.no

Rainpower AS is a Norwegian company which develops, designs, manufactures and sells equipment for hydropower electricity generation. The company provides Pelton, Francis, and Kaplan turbines, as well as pump turbines, small hydropower plants, turbine governor, oil pressure systems, valve controllers, exciters, valves, gates, pipes, and other products and services related to the hydropower equipment industry.

Contents

History

The company dates back to 1853 when Kvaerner Brug AS was established by Mr. Oluf A. Onsum. Later, forces were joined with Sørumsand Verksted. Kværner expanded rapidly, having acquired the hydraulic businesses of several other companies, such as NOHAB, KMW, Tampella, among others.

In 1999, General Electric Company acquired Kvaerner's hydropower business for $70.5m, and merged it with its own hydro division under the name GE Hydro. [1] In 2005, GE Hydro, with the goal of divesting from the hydropower industry, sold its Sørumsand workshop to NLI AS; two years later, this same company bought the complete Norwegian hydro business from GE, and established the new company Rainpower ASA. The remaining business of GE Hydro was later sold to Andritz. As of 2012, Rainpower ASA is 100% owned by Børre Nordheim-Larsen through his two companies NLI Utvikling III AS (62%) and NLI AS (39%).

Operations

Rainpower is headquartered at Kjeller, near Oslo. Rainpower provides equipment for generating electricity based on hydropower. Its turbines consist of Francis turbines, reversible pump turbines, Pelton turbines, and Kaplan turbines.

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Hydroelectricity, or hydroelectric power, is electricity generated from hydropower. Hydropower supplies one sixth of the world's electricity, almost 4,500 TWh in 2020, which is more than all other renewable sources combined and also more than nuclear power. Hydropower can provide large amounts of low-carbon electricity on demand, making it a key element for creating secure and clean electricity supply systems. A hydroelectric power station that has a dam and reservoir is a flexible source, since the amount of electricity produced can be increased or decreased in seconds or minutes in response to varying electricity demand. Once a hydroelectric complex is constructed, it produces no direct waste, and almost always emits considerably less greenhouse gas than fossil fuel-powered energy plants. However, when constructed in lowland rainforest areas, where part of the forest is inundated, substantial amounts of greenhouse gases may be emitted.

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References

  1. "News".