Jupiter Bach takes full LCoE responsibility from design and manufacturing to delivery
Jupiter Bach takes full LCoE responsibility from design and manufacturing to delivery
More specifically Borsen is stating that “A Gazelle company has within 4 financial years had positive growth and has doubled the revenue or result. These are tough requirements – and it is impressive that you have been able to meet them. Gazelle companies daily defy challenges like low growth, demographic headwind, disruption and having to attract qualified manpower, but they are still able to create success. They generate new employment and progress, and add value for their owners and for the local community which they are a part of.
The award was given at a Boersen award event November 30 at Sonnerupgaard Gods in Hvalsoe, Denmark. Representatives from management and employees participated in the prestigious event.
Our election as Gazelle 2017 bears witness to our growth and positive development within the last 4 years.
We would like to express our gratitude to our loyal customers and devoted team of employees, who have all contributed to this development.
We will continue to work hard to continue this growth journey together with you, and remain
devoted to wind!
For this reason Jupiter Bach was more than eager when offered an opportunity to work with Florida West Economic Development Alliance, and the Advanced Manufacturing Career Academy on a video for recruiting students for the Greater Pensacola Career Pathways training programs.
Greater Pensacola Career Pathways is a collaborative campaign outlining the local career opportunities, anticipated wages and training programs in the Pensacola area. The campaign is led by FloridaWest Economic Development Alliance and Gulf Power Company, in partnership with Escambia and Santa Rosa County School Districts, George Stone Technical Center, Locklin Technical Center, Pensacola State College, and the University of West Florida. Jupiter Bach tips the hat to all the young individuals out there who are working towards a career in manufacturing and is always open to partnerships like this which ultimately will shape the future to come.
Jupiter Bach is committed to lowering the overall LCOE as part of our core values. Through lean manufacturing, cost out tracking, scale, and design for total cost of ownership Jupiter Bach is setting the standard for the nacelle cover industry when it comes to maximizing customer benefit while minimizing cost. Come to booth #W1-B04 to see our Devotion to Wind first hand.
For the first time Jupiter Bach as a team is exhibiting at China Wind Power in Beijing. The hub placed at the booth attracts both attention and facilitates constructive customer dialogue regarding “design for total cost of ownership”.
China Wind Power has been very busy for the Jupiter Bach team taking meetings with both Chinese and foreign Turbine OEM’s.
All OEM’s expressing that the combined size of Jupiter Bach provides for new business opportunities, but they are naturally also reinforcing the message that our offerings need to provide a competitive offering from a total cost of ownership perspective in order to support the wind industry’s continued focus on lowering the overall LCOE.
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A perfect example of this was the Nordex Delta nacelle cover. After several years of successful co-operation with Acciona, the delivery of the first Nordex Delta cover was an important milestone in our co-operation with Nordex Acciona.
The prototype of the re-designed Delta nacelle cover passed the Fit-Form-Function test at the Nordex assembly facility in Rostock in the beginning of September. The Delta Generation is the fourth turbine generation from Nordex, setting new standards for economic efficiency, reliability, and service- and HSE-friendliness. Jupiter Bach will begin serial production of the new Nordex Delta nacelle cover in January 2018.
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Jupiter Bach completed the merger earlier in 2017 and the results thus far are stunning. 6,500 MW of nacelle units produced and sold in the first half of 2017. With Asia projects beginning to come on strong the Jupiter Bach portfolio is proving to be the market leader in wind turbine nacelle covers and spinners that was earlier promised. While all of this sounds grand you may ask yourself why any of this matters.
For one it shows that the industry can trust Jupiter Bach. Without the trust of market leading OEMs it would not be possible to achieve this size of a portfolio. So when a customer orders a prototype to serial nacelle from Jupiter Bach they know that others would do the same.
Jupiter Bach’s size matters, because it comes with resources. Jupiter Bach has over 1200 employees worldwide. Jupiter Bach’s engineering and R&D abilities are second to none in the wind turbine nacelle cover industry. The focus of innovation efforts is achieving a low LCOE while maintaining the key components of Safety, Quality, Delivery and Cost.
With size comes reach. With 10 locations spread out across North America, Asia, and Europe Jupiter Bach is positioned to get your products to the regions you need them at the cost and timeline that maximizes your results. Jupiter Bach has the right logistic solution for your nacelle whether is come from our many existing locations or a Mobile Concept partnership.
Through volume Jupiter Bach can create economies of scale. Jupiter Bach’s unique size in the industry allows us to drive down the LCOE for OEMs by leveraging our size and operations through lean practices. Much like the Big Three of the early automotive industry Jupiter Bach is industrializing wind turbine nacelle and spinner covers to bring maximized value to our customers.
One cannot speak of size and volume without speaking to experience. With over 40,000 nacelle covers in the field no other manufacturer of wind turbine nacelles comes close to the same level of experience. Jupiter Bach has over 30 years of manufacturing experience in the wind turbine industry and is known as an early pioneer in the modern wind market. Jupiter Bach leverages that experience to bring products to market quickly by having experienced project managers and avoiding pit falls which can set schedules back.
And finally the H1 result of 6,500 MW speaks to Jupiter Bach’s commitment to the environment. The 6,500 MW of volume from H1 represents over 6 million homes worth of renewable energy. Jupiter Bach is Devoted to Wind, and therefore believes in the role that wind has to play in creating a clean, renewable energy grid which will benefit all for generations to come.
Read more about our Track Record here
The wind energy sector is growing and so are the size and capacity of the turbines themselves. OEMs have made the call that the supply base needs to keep up. Jupiter Bach has heard and is answering that call with the latest installment of capacity in the strategic location of Police, Poland. The 6000 m2 expansion will be ready on November 1st, 2017, as planned, to serve our increasing on- and offshore customer base in Europe. The building frame and roof are up so the site is beginning to take shape. Since 2014 Jupiter Bach has been producing best in class nacelle and spinners covers for the wind turbine industry at the site in Police, Poland. With this latest expansion Jupiter Bach will double its capacity in Police and thereby be able to accommodate the increasing demand from the industry. 2018 is just around the corner and Jupiter Bach is currently taking orders to utilize this new capacity. In total Jupiter Bach has 8 factories globally with 90,000m² of manufacturing and assembly capacity spanning the globe from Asia to Americas.
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Jupiter Bach is pleased to announce the successful completion of the merger between Jupiter Group and BACH Composite Industry. The transaction creates the largest supplier of nacelle and spinner covers in the world.
Jupiter Bach brings together two world-leading Danish wind industry specialists with significant engineering capabilities and a complementary global footprint. Based in Thy in western Denmark, BACH Composite Industry has built strong partnerships with leading OEMs from its production sites in Denmark, Spain, the US, China and Lithuania. Jupiter is well known for engineering excellence, serving leading OEMs from its production sites in the US, China, Poland and Denmark.
The combined company is headquartered in Køge, just outside Copenhagen, and has more than 1,200 employees. Jens Kristensen, former CEO of Jupiter Group, now leads Jupiter Bach.
Jens Kristensen says he is convinced the new company is in an even better position to offer direct benefits to future and current customers.
“As the wind industry has evolved to become a mainstream energy source, it is paramount that the entire value chain focuses on achieving a low LCoE through innovation and scale,” says Jens Kristensen. “By combining our resources, Jupiter Bach is able to concentrate on developing the efficiencies and advancements necessary to achieve this and drive the industry forward.”
The merger was realized under the leadership of Verdane Capital Advisors (Verdane Capital VIII K/S), who acquired Jupiter Group in May 2016. The current majority shareholder in BACH Composite Industry, BWB Partners, will remain as minority shareholder.
Upon closing of the merger, the CEO of Bach Composite Industry, Geert Winther Skovsgaard, resigned. He will retain a minority stake in the new company.
Strategic rationale for the merger
Significant opportunities for both the wind industry and Jupiter Bach lay behind the merger:
About Jupiter Group A/S
Jupiter Group is the global market leader of developing and supplying high-quality composite nacelle and spinner covers to the wind turbine industry. With more than 20,000 nacelle covers in the field, Jupiter Group has a long track record of consistently supplying the largest OEMs of the wind industry. Its highly-skilled engineers are accustomed to complying with the demanding standards set by OEMs on parameters such as structural strength, weight reduction, fire resistance, computer simulation, quality control and safety.
About BACH Composite Industry (BC Group A/S)
Bach Composite Industry is one of the largest manufacturers of nacelle covers for wind turbines in the world, with an annual production of more than 100,000 vacuum infused nacelle and spinner cover parts. Building on 30 years of experience, a global manufacturing footprint, a recognized high-end quality management paradigm, and a state-of-the art Technology and Innovation Center, Bach is the unique partner for developing, producing and supplying best-in-class solutions for high volume composite production, catering to the wind turbine industry’s requirements for continuous improvement of quality, delivery performance, innovation and ultimately competitive prices.
About Verdane Capital Advisors
Verdane private equity funds invest in companies with strong growth potential that are active in the advanced industrial and energy space, consumer Internet, and software sectors. The funds have the flexibility to acquire either a complete portfolio of unlisted assets, parts of a portfolio or a single company. Verdane Capital Advisors, the exclusive investment advisor to Verdane funds, has 25 employees in Oslo, Stockholm and Helsinki.
About BWB Partners
BWB Partners is an independent Danish investment firm investing in small and medium-size companies with strong growth potential. The BWB Partners funds own 12 industrial and service-sector companies. BWB Partners focuses on creating value in its portfolio by promoting organic growth, undertaking strategic acquisitions, developing the management structure and pursuing operational improvements in close collaboration with management teams and co-investors.
Jens Kristensen, CEO
Jupiter Bach A/S
+45 4095 9506
Arne Handeland, Partner
Verdane Capital Advisors
+47 2413 7000
Jesper Wadum Nielsen, Partner
+45 2020 6346
Location: Jupiter Dezhou, Shandong, China
Mike holds a Masters in mechanical engineering and possesses strong insight into project management from his background in mechanical engineering. Mike Ma joined the Jupiter Shandong team in Dezhou, China in November 2015 as a logistic specialist. He continually strives to develop new ideas and innovative solutions, which compliments the team perfectly.
“It’s been exciting to work in project management with an engineering background, since it requires the ability to successfully balance overall project control and technical challenges” says Mike.
Location: Jupiter Orehoved, Denmark
Mersid has his roots in Bosnia, but came to Denmark in 1995 at the age of 11. Mersid has been a part of Jupiter since 2005 and worked at various facilities during his 12 years, fulfilling different tasks and responsibilities. Since 2011, Mersid has worked primarily with the lamination of nacelle and spinner covers at the Orehoved facility.
“I have always enjoyed working at Jupiter. Good colleagues and a strong team spirit, are the main reasons I enjoy working here” says Mersid.
ALEXANDER MAC LEACH
Location: Jupiter Pensacola, Florida, USA
Mac is a hands-on engineer with a drive to succeed. He works together with production teams to improve the processes used for manufacturing composite parts.
Before coming to Jupiter, Mac completed an Engineering internship at Altec Fiberglass for the composites division. His responsibilities included, helping meet ISO 9001 standards and improving manufacturing processes.
“I was excited to come to Jupiter and be part of a team, that I feel is one of the most advanced in the nacelle field. I enjoy the ability to multi task in a work environment where I can not only share my ideas, but test them out and take them to serial production.” says Mac.
Location: Jupiter Police, Poland
Dariusz has extensive experience with implementing and maintaining quality systems in the automotive and renewable energy sector. In Jupiter Poland, he is responsible for the implementation and maintenance of the integrated quality system and the gradual transformation of inspection from control, to prevention and audit. Dariusz Jakubczyk joined Jupiter Poland in January 2017 and is pleased to be part of a work place where health and safety is so important.
“I have changed jobs a few times, but only at Jupiter was my start so easy. The first few hours in the organization showed me how professional and friendly my team was” says Dariusz.
Read more about how we work here
In 1760 the world underwent an Industrial Revolution. Wind Energy is poised for a very similar event. If history is any guide it will be the next generation that will reshape the industry. We believe that in order to further reduce LCoE we need to invest in this next generation.
April 5th and 6th, Jupiter Bach, for the first time, will be participating in the DSE fair at the Danish Technical University in Kgs. Lyngby, Northern Copenhagen region. Join us for this ground breaking entry into the fair at stand #110 (inside the S-house), to hear about the Master and Bachelor projects we can offer.
You also don’t want to miss the opportunity to hear, and engage in discussions about the progressive GFRP engineering work behind the scenes at the world’s largest wind turbine nacelle cover manufacturer. The time for forward thinking and change is now. Come and be a part of the revolution to reshape the industry!
Click here to learn more about our Devotion to Wind
Jupiter Bach is devoted to wind: 100% of our business is focused on the wind industry. Within the field of nacelle and spinner covers we are best in class, and our track record includes more than 40,000 wind turbines around the world.
Learn more about us