MINISTER OF FINANCE AND EUROPEAN FUNDING VISITS GHENOVA’S FACILITIES

Juan Bravo held a meeting with GHENOVA’s partners where the company’s growth was highlighted thanks to its naval, defence, ICT and energy lines of business

GHENOVA participates in the development of WtE (Waste to Energy) engineering projects of up to twelve plants worldwide and accumulates more than 7GW between wind and photovoltaic projects.

Seville,07, October, 2020. The Minister of the Treasury and European Finance, Juan Bravo, has visited GHENOVA’s facilities in Seville today, where he held a meeting with the company’s associates. During the meeting, he highlighted the company’s growth in recent years, focusing on a diversified business model in various sectors: naval, defence, ICT and energy. The company is currently based in several Spanish cities and has several subsidiaries in Brazil, Bolivia, Mexico, Chile, Australia and Colombia.

One of the areas where the company has experienced greater consolidation is energy, as explained by its CEO, Francisco Cuervas, “At GHENOVA we are clear that the future lies in renewables, which is why our portfolio includes projects for solar thermal plants, photovoltaic and wind farms (both on land and offshore, fixed or floating), or the transformation of WtE (Waste to Energy)”.

In this sense, GHENOVA has specialized in the development of waste treatment plants. These “Waste to Energy (WtE)” plants are advanced solutions that, in addition to processing the waste, allow the generation of electricity and heat. As part of its commitment to promoting a change towards a more sustainable model of circular economy, the company is currently participating in the development of engineering projects for up to twelve WtE plants around the world, in locations as diverse as England, Hong Kong, Scotland, Australia, Singapore, UAE, Switzerland and Serbia. The combined capacity of these plants is to treat more than 5.3 million tonnes of waste per year, with the consequent benefit of reduced greenhouse gas emissions.

After the meeting, Juan Bravo highlighted “the added value that companies such as GHENOVA bring to Andalusia through their commitment to digitalization and renewable energy”, something which is “in line” with the Andalusian Government’s commitment to the green economy and sustainability as set out by the European Union.

The Minister also thanked the company for the “effort and commitment” it is showing in these times of economic instability, which is crystallising into a process of diversification and growth that “should be an example and a source of pride” for the region.

BLUE SOLAR & W2POWER

GHENOVA has developed the  BlueSolar technology in conjunction with the company Capsun. This is the first worldwide concept for a photovoltaic plant with thermal co-generation. The mirrors of a solar thermal tower plant are replaced by photovoltaic panels with integrated filters, which reflect light onto a concentration tower while generating electricity. The filters transmit only the part of the spectrum that the PV efficiently uses, while reflecting 40-45% (*) of the energy that the PV does not use to produce electricity back to the tower. The heat can be stored at a much lower cost than electric batteries, and can be supplied in a manageable way via a turbine or in the form of heat depending on the application.

Furthermore, GHENOVA has participated together with the Malaga company EnerOcean in the W2Power project, an innovative adaptation of reliable and mature offshore technologies, extended to the needs of deep-sea wind energy. The main objective driving the evolution of the W2Power concept is to be the most profitable floating wind solution, reducing the overall cost of energy, but also considering other options such as multiple use. The sea trials on PLOCAN have allowed to demonstrate its functionality and stability.

On the other hand, in the area of naval engineering, contracts stand out, through Navantia, with the Spanish, Turkish, Australian and Saudi Arabian navies, developments related to cruise ships, ferries and liquid gas transport vessels (oil or natural gas, LPG/LNG). The area of software systems development and integration with hardware includes, since 2017, the participated company Soologic Technological Solutions, founded in 1997.

Recently the company has launched a digital twin development centre called GHENOVA 360. This is state-of-the-art technology creating a digital replica of a physical system, fed in real time with data from the system itself, and for the purposes of monitoring, control, diagnosis and maintenance.

In addition, in order to promote cyber security in its projects in the naval, energy and defence areas, GHENOVA has entered the capital of the firm BeOneSec, which specialises in security audits, forensic analysis, managed security and secure software development.