We use cookies and similar technologies on this website ("Cookies"). In order to allow their use to analyze website usage and to enhance functionality, please click on “Accept”. To change the settings and select which specific Cookies we are allowed to use, or to obtain more detailed information, please click on “Details”.

Details

Deny

Accept

Below, you can activate/deactivate the individual technologies that are used on this website.
Consent to all
Required

These Cookies make a website usable by providing basic functions such as page navigation, language settings, and access to protected areas. As the website is unable to function properly without them, you cannot opt out of this kind of Cookies.

Functionality

These Cookies help us to improve the functionality and attractiveness of our websites, and your user experience by saving, for example, your settings, and selections as well as filters, and to recognize your device on subsequent visits.

Analysis

These Cookies allow us, and the service providers (e.g. Google via the Google Analytics service) to collect and analyze information and statistics about your interaction with our website. This helps to optimize our website using the findings obtained.

Dürr increases interest in LaTherm

Next step in energy efficiency technology

Bietigheim-Bissingen, March 26, 2012 – Dürr will increase its stake in heat storage specialist LaTherm from currently 8% to 26% by the end of 2012. Dortmund-based LaTherm GmbH develops and sells latent heat accumulators, which are used to decouple and store heat from industrial processes and cogeneration plants and utilize it at other locations. The heat, which is stored in special containers, can be fed, e.g., into the heating systems of buildings. It can be used off-grid, with time and location not dependent on the heat source.

Ralph Heuwing, Chief Financial Officer at Dürr AG and responsible for the Clean Technology Systems division within the Board of Management: “The utilization of waste heat reduces CO2 emissions by more than 90% compared to a traditional heat supply system. In view of rising energy prices, it provides a cost-efficient and sustainable alternative to conventional energy supply. In Germany alone the market value of unused waste heat is estimated at € 25 billion per year. LaTherm offers innovative technology for recycling waste heat.”

Industrial waste heat is fed into the LaTherm containers via a water cycle. The containers store up to 2.5 MWh of heat using the storage medium sodium acetate. Sodium acetate is an environmentally sound medium that is also used as a food additive. The heat loss in the containers is less than 0.5% per day. LaTherm has already received several prestigious awards for its technology.

The planned increase to a 26% stake is subject to the achievement of pre-defined performance targets in 2012. LaTherm is the third acquisition that Dürr made in expanding the portfolio of the new Clean Technology Systems division. Dürr is reviewing further potential acquisitions within the scope of the “Dürr 2015” strategy. Clean Technology Systems is developing its business in environmental and energy-efficient technologies and planning to achieve sales revenues in excess of € 200 million by 2015. In 2011, sales revenues reached just under € 90 million.