Alfa Laval has taken a strategic leap in advancing clean energy solutions with the acquisition of Fives Energy Cryogenics, a move that strengthens its role in the global shift to sustainable energy systems.
This acquisition not only enhances Alfa Laval’s technological portfolio but also reinforces its long-standing commitment to decarbonization, energy efficiency and circularity.
Cryogenic innovation for cleaner energy
Fives Energy Cryogenics, a leader in cryogenic heat transfer and pump technologies, brings more than 65 years of engineering expertise to the table.
Operating out of France with manufacturing bases in China and Switzerland, the company recorded approximately €200m (US$234.3m) in revenue in 2024, employing more than 700 individuals.
The newly acquired unit will integrate into Alfa Laval’s Energy Division as a separate business unit, with integration set to commence immediately.
This development allows Alfa Laval to enhance its strategic capabilities in crucial technologies for the liquefaction, regasification and transportation of gases such as LNG, hydrogen, carbon dioxide and nitrogen—each integral to enhancing cleaner fuel options and carbon capture projects.
“This acquisition is a strategic milestone for Alfa Laval,” says Tom Erixon, CEO and President of Alfa Laval.
“By integrating Fives Energy Cryogenics’ cutting-edge cryogenic technology to our portfolio, we are not only extending our technological capabilities but also reinforcing our commitment to driving the energy transition.
“This acquisition positions us at the forefront of innovation in important future markets, enabling sustainable volume growth and value creation.”
Global sustainability targets
The acquisition is well-aligned with international sustainability goals, particularly those outlined at COP28, which call for a doubling of energy efficiency improvements and a tripling of renewable energy adoption by 2030.
“According to the COP28 commitment, the world must double the rate of improvement in energy efficiency and triple the rate of renewable energy by 2030,” comments Thomas Møller, President Energy Division and Executive Vice President of Alfa Laval.
“Partnerships are essential for implementing the existing technologies and accelerate the deployment and commercialization of clean energy innovations.”
This strategic move reflects Alfa Laval’s dedication to long-term sustainability through innovation, collaboration and technological excellence.
Alfa Laval’s sustainability strategy
Alfa Laval is recognised for embedding sustainability across its operations and solutions.
Its strategy is built around four pillars:
- Climate
- Circularity
- Caring
- Committed.
The company is actively decarbonising its operations and helping customers do the same, while designing technologies that support circular economy principles and resource efficiency.
Alfa Laval has set science-based targets to achieve net zero carbon emissions across its value chain by 2050.
It aims to reach net zero for Scope 1 and 2 emissions by 2027, three years ahead of schedule, and cut Scope 3 emissions by 50%.
The company’s heat transfer, separation and fluid handling technologies enable energy-intensive sectors to improve energy efficiency, lower emissions and support the uptake of low- and zero-carbon fuels.
Alfa Laval designs for reuse, recycling and process optimisation, ensuring that equipment lasts longer and resources are utilised as efficiently as possible.
The company’s systems help reduce water usage and emissions in food production and its investments in sustainable aquaculture support environmentally responsible food sources.
Alfa Laval upholds a culture of integrity, diversity and safety, both internally and with partners across its supply chain.
Through KPIs and annual sustainability reporting, the company provides clear and accountable updates on progress and impact.
By: By Jasmin Jessen
Source: Energy Digital
