MAN Diesel & Turbo has finalised a strategic agreement with Fairbanks Morse to cooperate in the US market for gas and dual-fuel engines.
The companies agreed on an exclusive cooperation in the power sector for a fixed period of 5 years.
Howard Barnes, Senior Vice President Power Plants at MAN Diesel & Turbo, said: “The US is a significant market and offers tremendous growth potential for gas fired energy generation […] 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.”
Marvin Riley, President of Fairbanks Morse, added: “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 US.”
Fairbanks Morse has been a licensee of MAN marine engines since 1995.
Adapted from press release by Callum O'Reilly
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