Aggreko
Encyclopedia
Aggreko plc is the world's largest temporary power generation company, and a major supplier of temperature control
equipment. It is headquartered in Glasgow
, Scotland, United Kingdom.
At the end of 2009, it had a fleet of 13,000 generators ranging in size from 10 kW to 2MW, which in aggregate amounted to over 5,900MW of generating capacity, the equivalent of about 10% of peak power demand on the National Grid. It has 144 service centres in 34 countries and customers in over 100 countries.
It is listed on the London Stock Exchange
and is a constituent of the FTSE 100 Index
.
in 1997.
In 2006 the company acquired substantially all the activities (other than those relating to large gas turbines) of General Electric
Energy Rentals for total consideration of circa US$212m.
In 2008 the company became the exclusive supplier for temporary power and temperature controls for the Beijing 2008 Olympic Games.
, the United States
and Australia
, and smaller numbers of locations in Africa, Latin America
, the Middle East and Asia. The items hired out include gas and diesel generators, load bank
s, heaters, air conditioners
and chillers. Aggreko equipment is used in a wide variety of settings including film studios, power stations, mines, offshore oil platforms, shipyards, general construction and contracting industries, and high-demand power applications related to emergency response and disaster management. Aggreko's Global Projects business operates out of Dubai
from where they can ship powerplants - capable of powering entire cities - to anywhere in the world and have the powerplant operational within days of reaching the destination. The company supplies equipment to the Royal Navy
's nuclear submarines berthed in non-naval ports.
Temperature control
Temperature control is a process in which change of temperature of a space is measured or otherwise detected, and the passage of heat energy into or out of the space is adjusted to achieve a desired average temperature....
equipment. It is headquartered in Glasgow
Glasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
, Scotland, United Kingdom.
At the end of 2009, it had a fleet of 13,000 generators ranging in size from 10 kW to 2MW, which in aggregate amounted to over 5,900MW of generating capacity, the equivalent of about 10% of peak power demand on the National Grid. It has 144 service centres in 34 countries and customers in over 100 countries.
It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
Aggreko was founded in the Netherlands in 1962. It moved to Scotland in 1973 and was acquired by Christian Salvesen plc in 1984. It was demerged from Christian Salvesen and first listed on the London Stock ExchangeLondon Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1997.
In 2006 the company acquired substantially all the activities (other than those relating to large gas turbines) of General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
Energy Rentals for total consideration of circa US$212m.
In 2008 the company became the exclusive supplier for temporary power and temperature controls for the Beijing 2008 Olympic Games.
Operations
Aggreko has offices in most major cities in Western EuropeWestern Europe
Western Europe is a loose term for the collection of countries in the western most region of the European continents, though this definition is context-dependent and carries cultural and political connotations. One definition describes Western Europe as a geographic entity—the region lying in the...
, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, and smaller numbers of locations in Africa, Latin America
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
, the Middle East and Asia. The items hired out include gas and diesel generators, load bank
Load bank
A load bank is a device which develops an electrical load, applies the load to an electrical power source and converts or dissipates the resultant power output of the source....
s, heaters, air conditioners
Air conditioning
An air conditioner is a home appliance, system, or mechanism designed to dehumidify and extract heat from an area. The cooling is done using a simple refrigeration cycle...
and chillers. Aggreko equipment is used in a wide variety of settings including film studios, power stations, mines, offshore oil platforms, shipyards, general construction and contracting industries, and high-demand power applications related to emergency response and disaster management. Aggreko's Global Projects business operates out of Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
from where they can ship powerplants - capable of powering entire cities - to anywhere in the world and have the powerplant operational within days of reaching the destination. The company supplies equipment to the Royal Navy
Royal Navy
The Royal Navy is the naval warfare service branch of the British Armed Forces. Founded in the 16th century, it is the oldest service branch and is known as the Senior Service...
's nuclear submarines berthed in non-naval ports.