Redstone facility in Northern Cape will use
molten salt to store energy from the sun, deliver electricity to
200,000 homes during peak demand
NORTH
CANTON, Ohio, July 11,
2022 /PRNewswire/ -- The Timken Company (NYSE: TKR;
www.timken.com), a global industrial leader in engineered bearings
and power transmission products, has been selected as the exclusive
provider of advanced precision drives for the Redstone Solar
Thermal Power project in Northern Cape, South Africa. BrightSource Energy chose
Timken's solar-tracking technology, developed by its Cone Drive
business, to properly position Redstone's heliostat mirrors to
reflect the sun's rays. The facility will store the thermal energy
it collects in molten salt and convert it to electricity for
delivery to South African consumers day and night.
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"Our expertise in application engineering is a differentiating
factor that customers look for in a partner," said Kurt Gamelin, president, Cone Drive. "We work
side-by-side with world-leading solar power providers and
developers like BrightSource, offering innovative technology and
solutions that help advance their products. These close
partnerships lead to enhanced performance, extended product life
and reliable operations for the customers we serve. It's rewarding
to know that our engineering expertise is helping to create a more
efficient and resilient world."
Expected to begin commercial operations by the end of 2023,
Redstone is capable of generating up to 100 MW, South Africa's largest renewable energy
project to date. The facility is entirely emissions-free, with no
requirement for natural gas or oil back up. Furthermore, Redstone
significantly reduces water consumption for cooling by using an
efficient, low-water dry cooling system.
Timken's contributions to Redstone demonstrate its commitment to
advancing environmental sustainability through product innovation,
operational excellence and technology. The company has invested
heavily in research and development for the solar energy market
sector, building strong manufacturing, engineering and testing
capabilities in both the United
States and China.
Renewable energy, which consists of both solar and wind, is
Timken's single-largest end-market sector, representing
approximately 12 percent of total company sales in 2021.
About The Timken
Company
The Timken Company (NYSE:
TKR; www.timken.com) designs a growing portfolio of
engineered bearings and power transmission products. With more than
a century of knowledge and innovation, we continuously improve the
reliability and efficiency of global machinery and equipment to
move the world forward. Timken posted $4.1 billion in sales in 2021 and employs more
than 18,000 people globally, operating from 42 countries. Timken
has been recognized among America's Most Responsible
Companies by Newsweek, the World's Most Ethical
Companies® by Ethisphere, and America's Best Employers, Best
Employers for New Graduates and Best Employers for
Women by Forbes.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
Investor Relations:
Neil
Frohnapple
234.262.2310
neil.frohnapple@timken.com
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SOURCE The Timken Company