GE, Fraunhofer IGCV, Voxeljet Plan To Develop Sand Binder Jetting 3D Printer

General Electric Co GE, Fraunhofer IGCV, and Voxeljet AG VJET announced a research partnership to develop a 3D printer for offshore wind applications to streamline the production of key components of GE's Haliade-X offshore wind turbine.
The project involves developing a new, large-format 3D printer capable of producing sand molds for casting complex metal parts of different shapes and sizes that make up an offshore wind turbine nacelle.
The Advance Casting Cell (ACC) 3D printer under development will benefit from the German Federal Ministry for Economic Affairs and Energy financial support.
The parties expect to launch the project during Q3 of 2021, with initial printer trials in Q1 of 2022.
Price Action: GE shares are trading lower by 0.59% at $101.63 and VJET higher by 2.66% at $7.23 on the last check Thursday.