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
