GTT

€306 million in revenue for the first nine months of 2020 - Seite 2

- Numerous diversified orders

Note, in June 2020 GTT was awarded several orders, including 1 FSRU, 2 FSUs, and 3 onshore storage tanks. This underlines GTT’s ability to cover the entire LNG supply chain.

- Contract with the US Department of Defense 

In September 2020, the United States Department of Defense awarded GTT North America a contract for the Red Hill bulk fuel storage facility. Red Hill is a military fuel-storage facility near Honolulu, Hawaii, featuring 20 steel-lined underground storage tanks with a total capacity of 250 million gallon (945 million litre) fuel capacity and supply lines to bunkering wharfs at Pearl Harbor. This agreement aims at developing a solution to upgrade the existing tanks to double wall containment.

- Service contracts

Following signature of two service contracts, one in February with CMA CGM, and the other in March with Excelerate Energy (United States), in July GTT announced two further new contracts:

• A Global Technical Services Agreement with Norwegian shipowner Knutsen OAS Shipping AS. This new contract covers a 17-vessel fleet by 2022 (12 currently in operation and 5 under construction). All vessels incorporate Mark III Flex or NO96 technologies, both developed by GTT. GTT will support Knutsen with vessel maintenance and operation. Knutsen will also benefit from access to the Hears emergency hotline.
• A Global Technical Services Agreement  with the Hong-Kong-based Fleet Management company, to provide support for shipbuilding, maintenance and operation of vessels managed by said company. Fleet Management is currently supervising the construction of latest-generation, high-capacity VLECs in Korea.

Acquisition of Areva H2Gen

Note, since the start of the year GTT has announced 3 acquisitions:

• In February 2020, acquisition of Marorka. This company, based in Iceland, designs operational reporting and energy-performance improvement systems  aimed at reducing vessels’ environmental footprint.
• Late July 2020, GTT acquired French company OSE Engineering, specialising in artificial intelligence applied to transport. This acquisition complements the Group's expertise in modelling complex systems, optimising engineering processes.
• On October 19, 2020, the Group acquired Areva H2Gen, France’s PEM electrolysis market leader.

Specialised in the conception and assembly of electrolysis units for the production of green hydrogen, Areva H2Gen is using Proton Exchange Membrane technology (PEM). It is the only company to manufacture electrolysis units in France.