AGCO Power Opens Clean Energy Laboratory in Finland
2024年7月9日 - 6:00PM
ビジネスワイヤ(英語)
Leading global manufacturer of engines for
agricultural and other machinery advancing innovations to achieve
low- and zero-carbon solutions for farming
AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology, and its subsidiary AGCO Power, today announced the
opening of the company’s first clean energy laboratory. The lab is
part of a 70-million-euro investment (approximately $77 million) in
the Linnavuori plant in Nokia, and will support development and
testing of innovative, sustainable battery and powertrain solutions
for farm machinery.
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AGCO Power's Director of Engineering Kari
Aaltonen in front of a hydrogen combustion engine in the new Clean
Energy Laboratory. (Photo: Business Wire)
The Linnavuori team of scientists and engineers are developing
next-generation engines powered by low- or zero-carbon electricity
and alternative fuels, such as hydrogen and methanol, that will
help minimize global agricultural emissions.
While the number of hybrid and electric vehicles on world
roadways has grown exponentially in the 21st century, adoption of
alternative power for off-road/farm machinery has lagged. The
capacity of existing battery technologies restricts the size of
fully electric farm machinery, but the AGCO Power lab is working to
change that paradigm.
“We are investing heavily in the research and development of
multiple lower carbon technologies, such as the electrification of
off-road machines and hybrids,” said Kelvin Bennett, AGCO’s senior
vice president of engineering. “It is exciting to know those
investments will start showing tangible results this summer when
the first fully electric tractor, the Fendt e100 V Vario, enters
production in 2024. “
In addition to the off-road machine emissions, AGCO is
aggressively pursuing reductions in emissions in its own
operations. Specifically, it has set objectives to reduce its Scope
1 and Scope 2 emissions 55% by 2033 and 90% by 2050.
Development of next-generation zero- and low-emission machines
is a focus of the company’s sustainability ambition as it seeks to
reduce its Scope 3 emissions. Key initiatives include decarbonizing
its product portfolio, engaging suppliers to decrease their
emissions, supporting farmers’ transition to sustainable solutions,
and working with industry associations on renewable and low-carbon
fuels in agricultural machinery.
In addition to the clean energy laboratory, the Linnavuori plant
features new production facilities for both cylinder heads and
continuously variable transmission components, expansions to the
paint shop and testing facilities for remanufactured engines, and a
training and visitor center. In total, the new buildings cover an
expanse of 11,000 square meters (approximately 118,400 square
feet), with some phases of the project opening this year and others
set to be operational in 2025.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology. AGCO delivers value to farmers and OEM customers
through its differentiated brand portfolio including core brands
like Fendt®, GSI®, Massey Ferguson®, PTx and Valtra®. AGCO's full
line of equipment, smart farming solutions and services helps
farmers sustainably feed our world. Founded in 1990 and
headquartered in Duluth, Georgia, USA, AGCO had net sales of
approximately $14.4 billion in 2023. For more information, visit
www.agcocorp.com. For company news, information, and events, please
follow us on X: @AGCOCorp. For financial news on X, please follow
the hashtag #AGCOIR.
About AGCO Power
AGCO Power is one of the world's leading developers and
manufacturers of off-road engines. It builds engines for many of
the world's most famous tractor brands, such as Fendt, Valtra and
Massey Ferguson at facilities in Finland, China, Brazil and
Argentina. AGCO Power has been in operation for more than 80 years
and is a subsidiary of AGCO Corporation.
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version on businesswire.com: https://www.businesswire.com/news/home/20240709849620/en/
AGCO Power Inc. Communications Manager Vilja Pylsy
Vilja.Pylsy@AGCOcorp.com
AGCO (NYSE:AGCO)
過去 株価チャート
から 6 2024 まで 7 2024
AGCO (NYSE:AGCO)
過去 株価チャート
から 7 2023 まで 7 2024