Markets
FLS

Flowserve to Manufacture Pumps for ACWA Solar Plants - Analyst Blog

Flowserve Corp. ( FLS ) recently announced that it has undertaken the manufacturing of primary pumping systems for a couple of solar energy projects from ACWA Power -Ouarzazate and Bokpoort in Africa, after the completion of engineering services contract for the same.

Flowserve will be providing its advance pumping systems, consisting of pumps for heat transfer fluid (HTF) and molten salt service, for the project. An ISO 13709/API 610 (BB2) certified HTF pump will be heavy-duty, radially split, between bearings pump that can use variable frequency for maintaining efficiency even at high temperatures and pressures. Vertical turbine pumps will cater to the molten salt requirements that will enable storage and circulation of heat generated from the process. Apart from these, Flowserve will also be providing pumps for boiler feed water, condensation extraction, cooling water and auxiliary HTF as well.

Ouarzazate Concentrating Solar Power (CSP) Complex in Morocco is capable of generating 160-megawatt (MW) of solar power, whereas the South Africa-based Bokpoort CSP Independent Power Project has a capacity of 50 MW. The complexes are so designed that they can store sufficient molten salt to continue operations even after sunset. The Ouarzazate project will have a molten salt storage capacity for about 3.5 hours of operations and the Bokpoort project will be able to operate for up to 9 hours, after sunset.

Flowserve has already started the manufacturing process for the two projects at its facilities in Coslada and Arganda, Spain and Desio in Italy.

Flowserve's prior experience in delivering such projects, coupled with its integrated services ranging from designing to installation and maintenance, will considerably benefit these ACWA Power projects.

Flowserve currently has a Zacks Rank #3 (Hold). Some other stocks worth considering in the same sector include Dover Corporation ( DOV ), IDEX Corporation ( IEX ) and Middleby Corp. ( MIDD ). All three stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

DOVER CORP (DOV): Free Stock Analysis Report

FLOWSERVE CORP (FLS): Free Stock Analysis Report

IDEX CORP (IEX): Free Stock Analysis Report

MIDDLEBY CORP (MIDD): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

FLS DOV IEX

Other Topics

Stocks