Valve World Magazine March 2025 | Page 52

industry update

AUMA Profinet actuator retrofit increases plant sustainability
Velan announces major strategic initiatives
241 AUMA electric actuators have been installed as part of a retrofit at Stockholm ’ s largest combined heat and power plant , Kraftvärmeverk . The modern actuators with Profinet communications now ensure the smooth generation of electricity and heat from renewable fuels . Within the scope of this project , AUMA received the order to automate 241 valves . AUMA ’ s broad portfolio offered
the perfect electric actuation solution for each application : SA and SQ actuators with AC 01.2 actuator controls , sometimes combined with GST and GS gearboxes or LE linear units , as well as SAR and SARV modulating actuators for more stringent control requirements . AUMA service experts dismantled the old devices on site and installed and commissioned the new devices .
Velan Inc . has announced major strategic initiatives that will significantly reduce operating and financial risks as well as strengthen its financial position . All amounts are expressed in U . S . dollars unless indicated otherwise . “ These transactions would meet two key financial objectives , namely the reduction of risk and resolution of our asbestos-related liabilities through the divestiture
transaction and the strengthening of our balance sheet . Following their closing , Velan would be virtually debt free which would allow for greater investments in growth opportunities . Ultimately , the successful conclusion of these initiatives would offer a significantly higher value proposition to all our shareholders ,” said Rishi Sharma , Chief Financial and Administrative Officer of Velan .
AtkinsRéalis JV awarded USD 43M contract
AtkinsRéalis Group Inc . ( ATRL ), an engineering services and nuclear company with offices around the world , has announced that Water Smart Alliance ( WSA ), a joint venture ( JV ) with Stantec , has been awarded a Water Program Management contract by the District of Columbia Water and Sewer Authority ( DC Water ). DC Water provides service to millions of residents and visitors across the DC Region operating more than 2,092 km ( 1,300 miles ) of pipes , 43,860 valves , and 9,510 public hydrants . Under a USD 43M contract , WSA will assist DC Water with refining and optimizing the water portion of their capital improvement plan ( CIP ), currently valued at USD 2B +, using best-in-class technologies . The team will deliver its full suite of professional services on this five-year contract ( 2024- 2029 ) to support DC Water in achieving the following :
52 Valve World March 2025 www . valve-world . net