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PTC Industries shares went up nearly 4% intraday after its arm Trac Precision Solutions secured a multi-million-pound partnership with Finland-based Coolbrook.
Coolbrook develops tech that hits 1,700°C, helping cut carbon emissions in tough industries like cement, steel, petrochemicals, and chemicals.
What’s happening: the contract is to supply and cast components for its RotoDynamic Heater (RDH). The technology is designed to electrify high-temperature industrial heating processes and is aimed at reducing global carbon dioxide emissions.
The first contract includes making two milled blades and four cast blades, with about 27,000 parts produced each year for 100 engines. A second phase will add three more milled parts.
Why it matters: the partnership diversifies Trac’s operations beyond aerospace and power generation into industrial decarbonisation. For Cookbrook, revenues are projected to exceed £10 million annually as Coolbrook expands its customer base.
Big theme: as of 2024, 37% of global energy consumption comes from industry, including chemicals, manufacturing, and pulp and paper. About two-thirds of this is used for heat generation, over 20% of total global demand and a major source of emissions.
Coolbrook’s RDH could be a game-changer, and by tapping into this supply chain, Trac positions itself at the center of a multi-billion-dollar clean energy transition.
