Graham Corporation Announces Award of New Energy Vacuum System For Geothermal Power and Lithium Production
February 22 2023 - 4:15PM
Business Wire
Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a
global leader in the design and manufacture of mission critical
fluid, power, heat transfer, and vacuum technologies for the
defense, space, energy, and process industries, today announced
that it has recently been awarded a multi- million dollar renewable
energy vacuum system for the Hell’s Kitchen Stage 1 Project in the
Imperial Valley of California.
The vacuum equipment will be used to remove the non-condensable
gasses from the power generating facility of the geothermal plant
being constructed and operated by Controlled Thermal Resources
(CTR). CTR is a clean energy resource developer of an integrated
lithium extraction and chemical conversion facility and geothermal
power facility in Imperial Valley, California. Lithium is removed
from the geothermal brine in a close to zero carbon footprint
process before the brine is returned to its source. This is
currently one of the cleanest and most environmentally friendly
lithium extraction processes available.
Daniel J. Thoren, President and CEO commented, “This recent
order is an excellent example of the opportunities we are pursuing
in new energy. New energy represents a small but high growth part
of our business that provides nice diversification and the
opportunity to contribute to sustainable energy supply.”
Since the 1980s, the Imperial Valley has been a hotbed of
geothermal power generation in California. Graham has been involved
from the beginning, supplying vacuum equipment for geothermal power
generating stations that are still operating today. With the
development of state-of-the-art lithium extraction processes
companies are finally able to access one of the largest lithium
deposits in the world.
About Graham Corporation
GHM is a global leader in the design and manufacture of mission
critical fluid, power, heat transfer and vacuum technologies for
the defense, space, energy and process industries. The Graham
Manufacturing and Barber-Nichols’ global brands are built upon
world-renowned engineering expertise in vacuum and heat transfer,
cryogenic pumps and turbomachinery technologies, as well as its
responsive and flexible service and the unsurpassed quality
customers have come to expect from the Company’s products and
systems.
Graham Corporation routinely posts news and other important
information on its website, www.grahamcorp.com, where additional
information on Graham Corporation and its businesses can be
found.
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version on businesswire.com: https://www.businesswire.com/news/home/20230222005992/en/
For more information: Christopher J. Thome Vice President
- Finance and CFO Phone: (585) 343-2216
Deborah K. Pawlowski Kei Advisors LLC Phone: (716) 843-3908
dpawlowski@keiadvisors.com
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