Founded 2007 | Parent organization NLI Solutions Holding AS | |
 | ||
Predecessor Kvaerner Brug ASSørumsand VerkstedGE Hydro Key people Diderik B. Schnitler (Chairman)Nils Morten Huseby (CEO) Services Engineering and technology development services CEO Lorenzo Lona (1 Apr 2016–) | ||
Rainpower
Rainpower ASA is a Norwegian company which develops, designs, manufactures and sells equipment for hydropower electricity generation. The company provides Pelton, Francis, Kaplan turbines, as well as pump turbines, small hydropower plants, turbine governor, oil pressure systems, valve controllers, exciters, valves, gates, pipes, and other products and services related to the hydropower equipment industry.
Contents
History
The company dates back to 1853 when Kvaerner Brug AS was established by Mr. Oluf A. Onsum. Later, forces were joined with Sørumsand Verksted. Kværner expanded rapidly, having acquired the hydraulic businesses of several other companies, such as Nohab, KMW, Tampella, among others.
In 1999, General Electric Company acquired Kværner's hydropower business, and established its hydropower business under the name GE Hydro. In 2005, GE Hydro sold Sørumsand workshop to NLI AS; two years later this company bought the complete Norwegian hydro business from GE, and established Rainpower ASA. The remaining business of GE Hydro was sold to Andritz. As of 2012, Rainpower ASA is 100% owned by Børre Nordheim-Larsen through his two companies NLI Utvikling III AS (62%) and NLI AS (39%).
Operations
Rainpower is headquartered at Kjeller, near Oslo. Other locations are Bryn (Oslo), Trondheim (turbine laboratory), and Sørumsand (manufacturing). Locations outside of Norway are in Sweden, Peru, Turkey, China, Canada and Switzerland. Its chief executive officer is Nils Morten Huseby.
Rainpower provides equipment for generating electricity based on hydropower. Its turbines consist of Francis turbines, reversible pump turbines, Pelton turbines, and Kaplan turbines.