Ecvio, a subsidiary of Green Transition Holding: Secured large framework agreements with Hafslund Oslo Celsio and Returkraft
OSLO – July 6th 2022 – Ecvio AS, which is a wholly owned environmental technology subsidiary of Green Transition Holding AS, has signed framework agreements with Hafslund Oslo Celsio AS and Returkraft AS, Kristiansand, respectively.
“This is both strategically important and a breakthrough for Ecvio and Green Transition Holding. We started our investment in refractory work only a year ago and Ecvio has landed two major contracts with two of the key players in waste incineration in Norway, helping to ensure the supply of green district heating to Kristiansand and Oslo”, says CEO Paal Skoe, Green Transition Holding.
Technology and competence are of the highest class
Ecvio is a newly established company built up of people with strong professional competence and many years of experience in refractory, mechanical products and systems. Ecvio aims to be a leader in the design, development, construction, and operation of green energy plants.
“Winning contracts with some of the largest waste incineration plants in Norway shows that our technology and expertise is of the highest class. Furthermore, we will expand and introduce the engineering, mechanical and installation services within the renewable energy sector to be a total service provider. Ecvio is showing its capabilities and we are actively working towards more frame agreements in the future. The goal is to become a total supplier of technology within Energy from Waste”, says sales director Marcus Kingdom-Clark, Ecvio.
The latest signed framework agreement for Ecvio is with Hafslund Oslo Celsio, which owns and operates Norway’s largest waste incineration plant at Klemetsrud, Oslo. The plant has the capacity to finalize 365,000 tonnes of residual and industrial waste per year. The surplus energy from the combustion process is used to produce electricity and district heating for commercial buildings, public buildings, and homes, throughout Oslo. In this way, waste that could otherwise end up in a landfill outside the Nordic region is recovered for energy, therefore waste incineration plays an important role in the circular economy. The service agreement for Ecvio began in May 2022 and has a maximum duration of up to six years. The agreement covers maintenance of the refractory, with an annual overhaul stop, and service and maintenance assignments in the event of an accident or emergency stop on the plant’s three furnaces. The service and maintenance assignment means that Ecvio is on duty 365 days a year, 24 hours a day.
“In the event of an accident or emergency stop, we guarantee a fast response time, with qualified workers with top expertise on site to assist our customer”, says Kingdom-Clark.
The best total solution
Since August 2021, Ecvio has had a framework agreement with Returkraft, Kristiansand, which owns Norway’s largest incinerator where around 130,000 tonnes of waste is incinerated each year. The incineration produces electricity for 5,000 households and district heating for 200 companies and 3,000 households, and as much as 63 per cent of the energy in the waste is recovered at Returkraft. The contract has a duration of up to four years and includes maintenance of the refractory with an annual shutdown and on-call duty in the event of an accident or emergency stop. Ecvio is also on duty here all year round and is ready in the event of an accident.
“Achieving both these contracts required a long and tough competitive tender process. Ecvio secured these contracts by being able to offer the best total solution based on quality, competence, and price”, says Skoe.
For more information, please contact:
Paal Skoe, CEO Green Transition Holding
Phone: +47 971 33 431
Ecvio is a wholly owned subsidiary of Green Transition Holding that works in the renewable energy sector. The goal is to build up a company that is a total supplier of turnkey bio and waste energy plants, and to be a significant service and spare parts provider for these plants.
About Green Transition Holding
Green Transition Holding (GTH) is an industrial and environmental technology company. Our mission is to develop and commercialize innovative technologies that improve the sustainability of industries. We aim to do this through reducing emissions, improve efficiency, and minimize the environmental footprint of these operations.
GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.