Gearbox Express (GBX), a company focused on providing down-tower, wind gearbox remanufacturing services, has signed a master major supply agreement with Xcel Energy for a wind turbine gearbox exchange program in the utility's Upper Midwest service territory.
As part of the agreement, Xcel Energy will purchase remanufactured gearboxes from GBX, which says it will keep a supply of those gearboxes at the ready to deliver to the designated Xcel wind farm site. GBX also will provide and support the terms of a five-year warranty agreement on the gearboxes and cover all warranty repair or replacement costs, including cranes.
"Xcel Energy owns and operates 201 wind turbines in Minnesota today, with another 175 coming online in 2015 in Minnesota and North Dakota, and this program is customized for maximum efficiency," comments Bruce Neumiller, CEO of GBX. "Gearbox Express will have a stock of remanufactured gearboxes that Xcel Energy can access whenever they are needed to ensure there is virtually no down time."