Fairbanks Morse, MAN In Gas Engine Agreement
Engine manufacturers Fairbanks Morse and MAN Diesel & Turbo have finalized a strategic agreement to cooperate in the U.S. power market for gas and dual-fuel engines. The companies have agreed on an exclusive cooperation in the power sector for a fixed period of five years. No financial terms were disclosed.
“The United States is a significant market and offers tremendous growth potential for gas-fired power generation,” said Howard Barnes, senior vice president Power Plants at MAN. “With an installed base of over 1000 MW, Fairbanks Morse is a well-established player in this market. Working together, we can offer efficient solutions for energy facilities of virtually any size. And two premium engine brands joining forces will certainly leave an impression.”
“The MAN brand has an excellent reputation in the United States,” said Marvin Riley, president of Fairbanks Morse. “With access to MAN Diesel & Turbo’s portfolio of gas and dual-fuel engines, we can offer units up to nearly 20 MW and expand our range of high quality and flexible power generation solutions.
“This opens up substantial additional segments in the power generation market for us at a time when distributed energy is clearly on the rise in the U.S.”
The two companies have a history of cooperation. Fairbanks Morse has been a licensee of MAN marine engines since 1995. Fairbanks Morse produces diesel and dual-fuel engines in the 0.5 to 4.0 MW range, while MAN Diesel & Turbo’s portfolio of gas and dual-fuel engines ranges from 2.3 to 17.6 MW.