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TPI Composites, Inc. partners with the University of Maine and Oak Ridge National Laboratory to use a large 3D printer for wind turbine tooling. The project aims to improve manufacturing efficiency and reduce costs. The printer can produce tooling at a high speed and precision, incorporating 3D-printed heating elements for uniform mold temperatures. TPI will fabricate composite components from the printed tooling assembly, enabling cost-effective transportation and assembly of wind blade molding systems worldwide. The initiative emphasizes sustainability and innovation in the wind energy industry.
TPI Composites, Inc. reported Q1 2024 earnings in line with expectations, anticipating a stronger second half. Sales were impacted by production line startups, with a focus on wind market growth. Initiatives to support renewable energy are boosting OEM backlogs. Financial results showed a decrease in net sales and adjusted EBITDA. Despite challenges, the company remains optimistic about market recovery and sustainability efforts.