The power conversion unit (PCU) utilizes external combustion engine technology to convert solar thermal energy gathered in large solar dishes into energy for input into the power grid in an efficient manner.
Linda Hasenfratz, CEO of Linamar, said: Linamar has a long history in power generation and transmission products and we are excited about this latest venture into an entirely new market. This development and supply contract with Stirling Energy Systems allows us to further diversify our product and market portfolio through related technology and also tap into the growing market for Green Technologies.
Linamar anticipates annual revenue of more than $100 million per year from this multi-year agreement. Production is expected to start in the 2010-2011 timeframe. The production location for the PCU has not yet been finalized.
