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LM Wind Power

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LM Wind Power
Company typeSubsidiary
IndustryWind
Founded1940; 84 years ago (1940)
FoundersEjner Lorentzen
Aage Skouboe
HeadquartersKolding, Denmark
Key people
Hanif Mashal (CEO)
ProductsWind turbine blades
OwnerGE Vernova (2017-present)
Number of employees
~14,000
ParentGE Wind
Websitewww.lmwindpower.com

LM Wind Power (formerly LM Glasfiber[1]) is a Danish manufacturer of wind turbine blades, and a subsidiary of GE Vernova.[2]

History

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LM Wind Power was founded in 1940, as Lunderskov Møbelfabrik (Lunderskov furniture factory) in the small town Lunderskov, Denmark.[3] In 1952, they investigated the possibilities of commercial exploitation of glass fiber technology, which made them change their name to LM Glasfiber and abandon their original plan of manufacturing wooden furniture. It was not until 1978 they started making wind turbine blades.[4]

On 11 June 2010, LM Wind Power took part in setting an aviation record. They commissioned the An-225 to carry the world's longest piece of air cargo, as it flew two new 42-meter wind turbine blades from their factory in Tianjin, China, to their test facility in Lunderskov, Denmark.[5]

Organization

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LM Wind Power employed approximately 4,505 employees worldwide at the end of 2014.[6] The company is headquartered in Kolding, Denmark and has a global business office in Amsterdam, the Netherlands. LM Wind Power has built production facilities in the major wind energy markets – 13 locations in 8 countries (Denmark, Spain, United States, Canada, India, China, Poland and Brazil). In addition to this, the company has a global network of R&D Centres in Denmark, the Netherlands, and India.

Ownership

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From 2001 to 2017, the main stakeholders of LM Wind Power were investment partnerships organized by Doughty Hanson & Co. Ltd., presenting LM as the largest independent blade provider globally.[7] In April 2017, GE Renewable Energy purchased LM Wind Power for a total cost of €1.5 billion.[8] This acquisition facilitated GE's ability to distribute wind energy to customers around the world.

References

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  1. ^ "LM Glasfiber changes name to LM Wind Power", www.renewableenergyfocus.com, 21 April 2010
  2. ^ "LM Wind Power - Corporate Profile". Archived from the original on 2015-11-13. Retrieved 2015-03-27.
  3. ^ Larson, Aaron (2016-10-12). "GE Is Acquiring World's Largest Wind Turbine Blade Manufacturer". POWER Magazine. Retrieved 2022-09-15.
  4. ^ "About Us – LM Wind Power History". Archived from the original on 2014-03-30. Retrieved 2017-04-24.
  5. ^ Record breaking journey Archived 2010-06-14 at the Wayback Machine Renewable Energy Sources, 11 June 2010. Pictures: [1] Archived 2016-11-09 at the Wayback Machine [2] Archived 2013-06-13 at the Wayback Machine Retrieved: 13 June 2010.
  6. ^ LM Wind Power 2014 annual report
  7. ^ "Home". www.dhpep.com. Retrieved 2023-07-08.
  8. ^ "Latest Power Generation News and Insights". Power Engineering. Retrieved 2023-07-08.
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