Andritz Hydro Hammerfest

Andritz Hydro Hammerfest Overview

Company Headquarters: Glasgow, UK

Founded: 1997

Workforce: ~20

Company Working: Andritz Hydro Hammerfest is engaged in manufacturing turnkey tidal power arrays for the global market. It operates through two segments, which are products and services. The company offers tidal turbines under its products segment. Under its services segment, it also offers various services such as feasibility assessment, engineering, designing, manufacturing, commissioning, service, and maintenance. Its manufacturing unit is located in Glasgow.

Andritz Group (Austria) and Iberdrola (Spain) are shareholders in the company and have extended substantial assistance to the company for developing tidal energy harvesting systems.

Strategy

Andritz Hydro Hammerfest focuses on organic growth by constantly investing in R&D for its tidal energy products. The ocean surrounding the UK witnesses strong tides throughout the year, which is why it primarily focuses on increasing its market share in the region. The company constantly seeks opportunities to collaborate with key players in the global wave and tidal market, which helps it enhancing the efficiency of its products

Company Snapshot

20

Employees

1997

Founded

Glasgow, UK

Headquarters

SWOT Analysis

Strengths

Financially backed by strong international players
Strong R&D team

Weaknesses

Slow product development process

Opportunities

Increase in demand for power generation equipment in Western Europe

Threats

Corrosion of turbines

Key Developments

Date	Approach	Development
January 2017	Contract	Andritz Hydro Hammerfest completed the installation of three turbines in the ARL MeyGen project. This has increased its global market share

Product Offering

Andritz Hydro Hammerfest
- Tidal Energy

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