Nuberg's Green Energy Ambition: A Strategic Partnership for Revenue Growth
Key Ideas
  • Nuberg EPC aims for 25% revenue from renewable fuel in 3 years through a partnership with EDL Anlagenbau Gesellchaft.
  • The collaboration will enhance Nuberg's expertise in refinery and petroleum technology, boosting its portfolio with sustainable fuel.
  • EDL's reputation in sustainable fuel generation aligns with the rising global demand for renewable energy sources.
  • Nuberg's strategic move reflects a positive outlook towards the green energy sector, with a focus on revenue diversification and global market expansion.
Nuberg EPC, an engineering, procurement, and construction firm based in New Delhi, has set ambitious targets for revenue diversification by aiming to have 25% of its total revenue derived from renewable and green energy fuel sources within the next three years. This strategic vision is supported by a recent partnership with German refinery technology company EDL Anlagenbau Gesellchaft. The collaboration is expected to not only drive revenue growth but also enhance Nuberg's capabilities in refinery and petroleum technology. Nuberg's Managing Director highlighted the current contribution of green energy to be around 5-10% of total revenue and the projected increase to 25% in the near future. With operations in 32 countries, Nuberg sees significant potential in markets like Africa. The partnership with EDL, a company with a century-old legacy in refinery and petroleum technology, is well-timed considering the escalating global demand for sustainable fuel sources. The alignment between Nuberg's strategic goals and market trends indicates a positive sentiment towards green energy and underscores the company's proactive approach towards meeting evolving industry demands.
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