US Business Executive magazine - Broadwind Energy Inc
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THE MAGAZINE FOR LEADING BUSINESS EXECUTIVES www.usbusinessexecutive.com First in grain marketing, service and supplies in northwest Iowa First Cooperative Association The heart of central Iowa’s grain growers Heartland Co-op Providing innovative solutions for the energy needs of the future Broadwind Energy Inc. Christensen Farms and Feedlots Inc. Linking the farm to food chain with premium pork products for 40 years WINTER 2015 EDITION I
US Business Executive magazine - Broadwind Energy Inc
1. T H E M A G A Z I N E F O R L E A D I N G B U S I N E S S E
X E C U T I V E S www.usbusinessexecutive.com First in grain
marketing, service and supplies in northwest Iowa First Cooperative
Association The heart of central Iowas grain growers Heartland
Co-op Providing innovative solutions for the energy needs of the
future Broadwind Energy Inc. Christensen Farms and Feedlots Inc.
Linking the farm to food chain with premium pork products for 40
years Winter 2015 Edition I
2. 105 Broadwind Energy Inc. (Broadwind) is a publicly traded
company (NASDAQ:BWEN), supplying the energy industry for over a
decade. The business is the culmination of several acquisitions and
mergers over years past and today employs nearly 900 people. Today,
those combined resources allow Broadwind to provide innovative and
comprehensive solutions for a wide range of markets, including oil,
gas, mining, renewable energy and a number of industrial
applications. Peter Duprey, president and CEO of Broadwind, has
been involved in renewable energy for over a decade. His experience
includes several years as head of business development for GE
Energys renewable energy program. Duprey led the well-known
corporation into wind and solar power, building valuable skills,
experience and relationships during his time there. Duprey also
served as CEO of Acconia Energy North America until 2010 when he
took on a leadership position at Broadwind. Today, Broadwind is a
leading supplier for several sectors of the energy industry. We are
manufacturers, fabricators and service providers for the power and
energy market, Duprey summarizes. A few years ago, we started
diversifying into other markets, such as oil and gas and mining.
With our experience in fabricating large industrial components,
these new markets were a natural extension of our business. Given
our 90 years of experience in precision gearing, our services team
tends to focus on wind turbine drivetrains. Wind Broadwind offers a
range of services in the wind energy market. Since 2003, the
business has been constructing steel towers for wind turbines. With
fabrication experience spanning three decades, the crew has
designed and constructed towers for all the major wind turbine
manufacturers. In total, the business portfolio includes the
construction of thousands of towers throughout the country.
Broadwind offers end-of-warranty inspections for customers,
ensuring that turbines function properly. If issues come up in the
inspection, the crew is prepared to repair and service turbines
through a range of specialty services. The team also has extensive
experience in blade inspections, repair and enhancements to improve
energy capture. Customers have come to rely on Broadwind to help
with more complex maintenance and repair services around the
drivetrain, blades and other major components. Broadwind Energy
Inc. Providing innovative solutions for the energy needs of the
future Produced by Caitlin Mugford & Written by Jeanee
Dudley
3. 106 |106 |USBusinessExecutive Winter 2015 Edition I ENERGY
& POWER Other markets In the mining, oil and gas and industrial
markets, the Broadwind team offers diverse fabrication, gearing and
repair services. One of the crews higher growth segments is in
industrial welding. In addition to wind towers, Broadwinds skilled
team of experienced welders fabricates mining buckets, equipment
chassis and pressure tanks. With the resurgence of manufacturing in
the U.S., these types of components are in greater demand. As a
result of Broadwinds experience in wind towers, the crew won the
opportunity to build North Americas tallest flagpole over 400 feet
tall for a customer in eastern Wisconsin. The company has shown
that it is very versatile in the types of products it can
fabricate. On the gearing side of the business, Broadwind produces
complex loose gearing and completed gearboxes. Most of the gearing
is 36 inches, or larger, in diameter. The company manufactures
gearing for mud and frack pumps, gearboxes used in steel
manufacturing, gearing used in off highway wheel housings and
replacement gearing used in wind turbines. The company recently
produced a gearbox for a test lab that measured 8 feet tall and 6
feet wide. The gearing business also provides heat treating and
finishing services to strengthen the steel once the gear is cut and
has a full-service metallurgical lab with in-house non-destructive
inspection. These testing capabilities include: ultrasonic testing,
magnetic particle and nital etch inspection, hardness testing,
Barkhausen Noise Analysis and destructive testing and evaluation
services. For mining applications, the crew can also perform
destructive testing and evaluation services. This full range of
evaluation capabilities allows Broadwind to work closely with
customers and collaborate on the gearbox design. Recent projects
Broadwinds industrial welding business segment is growing fast. We
have a focus on a few key markets, says Joe Reisinger, vice
president of product development. We have established a solid
presence in the mining industry, building sub- components across a
number of product lines for a leading original equipment
manufacturer [OEM] of mining equipment for the past few years.
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5. 108 |108 |USBusinessExecutive Winter 2015 Edition I ENERGY
& POWER Recent work at the companys Wisconsin and Texas
facilities includes producing components for drill hole rigs, large
dipper buckets and engine skeletons associated with rope shovel
equipment. These are large steel structures that lend to the
companys breadth of fabrication capabilities. In the oil and gas
industry, the crew has undertaken a strategic initiative to attract
new customers by developing the capability to produce pressure
vessels. These vessels are used primarily in the production of oil
and gas, Reisinger elaborates. There are a number of pieces of
equipment used once a well is in place producing natural gas or
crude out of the ground. We are actively working with companies
that need these components and acting as the fabricator for those
products. One piece we are specifically involved in fabricating is
a three- phase separator. As the commodity comes out of the ground,
there are always constituents mixed into it, often water, sand and
other contaminants. This separation equipmentpullsthosecomponents
apart. The company recently signed a partnership agreement with
Italian technology company SAFE S.p.A., which has a global presence
with gas compression equipment and an emphasis on fueling systems
for natural gas vehicles and high horsepower compression packages
for the oil and gas industry. This is an area that is new to the
company, Reisinger says. We are bringing in new capabilities now
through this venture where our partner designs the compression
system and provides a compressor and then we build the entire
package and test the final product. This is a major step forward
for the company and Reisinger says he and his team are proud to be
able to deliver complete engineered solutions through this
partnership. In the companys gearing division, Broadwind is again
working with leading OEMs, in the oil and gas industry. Many of
Broadwinds contributions can be categorized as exploration or
production products. The team has been producing gearing elements
for pressure pumping and draw-works equipment over the last few
years. In this industry there is a trend of rig modernization right
now, Reisinger notes. As rigs get rebuilt, companies are deploying
more advanced designs. We have been able to participate in this
trend through the application of our gearing elements. While
Reisinger notes that the steel industry is a more mature industry,
aging infrastructure has In an economy of changing wind directions
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6. 109 Broadwind Energys Culture of Wellness EngagementHealth
LLC is proud to be entering our second year as the wellness
provider for Broadwind Energy. Like most companies, Broadwind was
faced with quite a challenge when it came to creating a healthier
workplace. With a large population of tobacco users, the company
made a commitment to wellness by implementing the EngagementHealth
Tobacco Cessation Program. Before the program began a tobacco
testing initiative was put in place. Those employees not passing as
tobacco-free by January 1, 2014 were required to pay a $25 per pay
period surcharge, avoidable by signing up for the program.
Broadwind helped build a culture of better health by cutting down
the number of designated smoking areas and launching a Recruit a
Buddy challenge, designed to encourage employees to support one
another in their efforts to stop smoking. To date, 64 percent of
the people who signed up for the pilot program have completed it.
Of those, 58 percent have remained tobacco-free for at least three
months. We look forward to continuing the wellness journey with
Broadwind employees in 2015. About EngagementHealth LLC:
EngagementHealth was founded in 2007 by a team of passionate
healthcare clinicians, business leaders, technology experts and
benefits specialists who set out to reinvent wellness by
establishing a disease prevention and health promotion program that
actually improves health and lowers costs. Most wellness programs
are a disappointment to employers due to low employee participation
and a lack of verifiable outcome data on claims savings and
improved biometrics. In comparison, EngagementHealths year-long
comprehensive program delivers 80% participation, an
industry-leading rate which drives the healthy behaviors necessary
to produce long-term results. With multiple program options
designed to involve the entire population, improving your employees
health couldnt be simpler. We congratulate on their past
achievements and are proud to partner with them in this dynamic
industry. SAGIN, LLC is a firm which helps our clients grow, change
and deliver measurable results. Having expertise in the energy
industry supply chain, working with clients in the manufacturing of
components, construction, operations and utility distribution; we
work with our clients to bring the right resources, enabling them
to achieve their goals. For more information, visit: Broadwind
Energy saginllc.com or +1.312.281.0290 ASSURANCEAGENCY.COM John
Storto | [email protected] | 847.463.7349 Business
Insurance | Employee Benefits | Financial Services Broadwind
Energy. Minimizing risk and maximizing health for ilfx