Wednesday, December 6, 2023

Arteche, an active agent in building the energy of the future

Arteche, a company with more than 75 years of leadership in the electricity sector, continuously evaluates opportunities that strengthen its position and technological leadership to meet current and future challenges in the field of energy.

The company has more than 2,700 people located in 13 factories located on four continents (Europe, America, Asia, and Oceania). In addition, it has a distribution capacity in more than 175 countries and maintains a global market leadership position for instrument transformers and auxiliary relays.

In addition, the company has six R&D&I centers and an innovation ecosystem in which more than 80 entities have already participated. In total, it allocates more than 185 people and 3% of its business volume to innovation.

As of June 2021, it is a listed company after the jump to BME Growth and recently presented its semi-annual results. At the end of June 2023, it earned a net profit of 4.3 million euros, 41% more than last year, and its sales increased by 20.3% to 188 million euros. EBITDA reached 17.4 million euros, a growth of 32.9%.

In continuous growth

Arteche is a company in continuous growth favored by a good investment opportunity in the electricity sector, a stable business with significant opportunities due to the energy transition, combined with a stable and continuous growth strategy.

In this context, Arteche has positioned itself as the choice of the most innovative research entities in the US and Europe in the nuclear fusion sector, a key technology to face climate challenges through clean energy. Nuclear fusion is getting closer to becoming a reality thanks to these cutting-edge projects that, in the US and Europe, have Arteche optical current transformers in their components.

The success of these projects will be a technological milestone that can change the way electricity is produced and used worldwide, meeting the world’s energy needs in a cheap and sustainable way thanks to the generation of clean energy.

The keys to nuclear fusion

Unlike nuclear fission, fusion does not require radioactive or scarce materials as fuel, instead using abundant materials on Earth. With only a small amount of it, it can produce energy equivalent to the consumption of a person’s entire life.

It is considered a clean, safe, and sustainable source of energy and has become a global priority, a key element in dealing with energy and climate challenges.

Nuclear fusion occurs naturally in the sun due to its very high pressure and temperature. However, this is a process where temperatures much higher than any solid material can be obtained. At this point, Arteche transformers offer a different value in the market.

To provide this technology to its clients, Arteche has an Australian company called Smart Digital Optics. SDO is a benchmark in the field of fiber optic sensors today for the electric energy sector and is one of the first companies to incorporate and patent this type of optical energy control technology and measurement system.

Through its Australian subsidiary, Arteche offers a fiber-optic alternative that allows electrical currents to be measured more accurately and in a more sustainable manner. This type of technology facilitates the digitalization of substations, creates safer work environments, and reduces the cost of construction, operation, and maintenance.

In addition to SDO, Arteche acquired Esitaş in 2021, which has plants in Turkey and Indonesia and is dedicated to the production of medium- and low-voltage instrument transformers. In addition, it incorporated Hitachi Energy into Arteche Gas Insulated Transformers (AGIT), a subsidiary with a plant in Vitoria. The Japanese company acquired 49% of its shares, while Arteche continued to own 51%.

With its positioning in nuclear fusion projects, Arteche manages to stay ahead of the energy sector when all the trends point to it as the basis of challenges such as energy transfer and the decarbonization of processes.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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