Specialist engineering group, Pressure Technologies (PRES) , announced on Wednesday that its subsidiary, Chesterfield Special Cylinders Limited, had secured a £3 million contract with integrated energy firm, EDF Energy.
Under the contract, Sheffield-based Chesterfield will lead a supply of nitrogen storage solutions to EDF specifically at its UK nuclear power plants located in Heysham, Torness and Hartlepool.
This will entail a supply of ultra large high pressure cylinders designed seismically to optimise installation at EDF’s energy sites.
Shares in Pressure Technologies jumped over 10% following this morning’s news.
The cylinders, which will be manufactured from CSC’s facility in Sheffield, will be presented in an innovative series of nitrogen storage packages that meet EDF’s operational requirements, the company explained.
Commenting on the contract, Chris Walters, Chief Executive Officer of Pressure Technologies, said: "This contract represents the largest order in Chesterfield Special Cylinders' history outside of the defence sector and is extremely important for the Chesterfield team and for the Pressure Technologies Group.
Through the provision of these safety-critical systems, we are delighted to be supporting EDF Energy's existing and continued commitment to supply safe, low-carbon electricity to UK homes."
Follow News & Updates from Pressure Technologies here: