Flowserve to Provide New Deep Well Submersible Pump and Motor to German Geothermal Power Plant
Innovative Flowserve Pump and Converter to Help Germany Meet its Renewable Energy Goals
DALLAS, Nov. 14, 2011 - Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it was awarded a contract to provide a new deep-well submersible pump and motor to the Germany-based geothermal power plant, Geothermische Kraftwerksgesellschaft Traunreut.
Developed in conjunction with the German government, this innovative, high-energy submersible motor took approximately four years to commercialize and is designed to help Germany meet its renewable energy goals. The order was booked in September.
With a motor size of 850 kW (1,140 hp) and a flow rate of 130 l/s (2,060 GPM), this highly-engineered, vertical pump and oil-filled motor is designed to be installed at a depth of 600 m (2,000 ft) and used to pump water with temperatures up to 140°C (285°F). Once the geothermal fluids reach the surface, the steam produced in a secondary circuit will be used to turn the turbines that generate electricity, creating a renewable and environmentally-friendly source of power. The planned geothermal power plant will generate electricity and heat to the district with a capacity of up to 5.5 MW of electrical power and a maximum of 12 MW of thermal energy.
"Flowserve is proud to have been chosen as a partner by the German government to create this innovative, deep-well submersible pump," said Tom Ferguson, president, Flow Solutions Group. "This order helps solidify our position as a leading pump manufacturer with the ability to provide our customers an array of pump solutions for a geothermal power plant."
The binary cycle geothermal plant is expected to come online and deliver heat during the fourth quarter of 2013 and electricity by the end of 2013.
About Geothermische Kraftwerksgesellschaft Traunreut, mbH: Geothermische Kraftwerksgesellschaft Traunreut mbH (www.geothermie-traunreut.de) is a 100% subsidiary of Gruenwald Equity Geothermie GmbH., a builder and operator of geothermal power plants established in 2010.
About Flowserve: Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.
Technical Contact: Mike Mullin, director, investor relations, (972) 443-6636
Media Contact: Steve Boone, director, global communications and public affairs, (972) 443-6644
