SIMEC wants to expand its portable biodiesel generator business
Firm will target its biodiesel generators at corporate and public sector organisations seeking an intensive supply of energy produced from sustainable sources
International energy business SIMEC has acquired Fleetsolve in a move designed to expand its portable biofuel power venture, the company announced this week.
Wirral-based Fleetsolve has 17 years’ experience developing, operating and maintaining biofueled combined heat and power (CHP) generation equipment.
SIMEC is to take full ownership of the company, and its sister firm Fuelsolve, as it launches a nationwide push to attract new industrial and commercial customers who would benefit from deploying on-site combined heat and power (CHP) generation.
SIMEC owns compact containerised generators ranging from 250kW to 18MW in capacity, which can operate continuously for 24 hours a day.
Following the acquisition Fuelsolve will manage the supply and logistics of the biofuels that will power the generators, which will sourced from waste oils and residues with International Sustainability Carbon Certification (ISCC), SIMEC said.
Jay Hambro, chief executive of SIMEC, said biofuel CHP generators were ideal for large energy users such as data centres, manufacturers, public buildings, hospitals, transport hubs, district heating schemes, and large retail stores.
“These compact modular generators only require a small footprint and they can deliver not only resilience but also significant carbon reductions,” he said.
Keith O’Connor, chief executive of Fleetsolve and Fuelsolve, said customers would be able to pay for the technology on a pence per kilowatt basis, which would make the proposition financially resilient as well as innovative.