Latest update 22.10.2019
During InnoTrans 2018 in Berlin, a new leasing company was launched: ‘European Loc Pool’ or ELP. The company offers full-service-leasing solutions to operators across Europe. Its customers will get access to a new hybrid locomotive fleet delivered by Stadler Rail.
ELP’s main characteristics:
- A young company based in Switzerland
- First order placed in 2017, first locomotives outshopped in 2019
- First EU lease company with six-axle dual-mode locomotives in its portfolio
Lease company ELP offers full-service leasing solutions, including preventative and corrective maintenance, spare parts, strategic spare parts, heavy maintenance reserves, and wheel re-profiling. Additionally, ELP also offers innovative insurance packages
The Switzerland-based company is commonly owned by Reichmuth Bank from Luzern and Peter Spuhler’s private PCS Holding. Mr. Spuhler is the former CEO of Stadler Rail.
ELP entered the European market for lease locomotives in 2019 with heavy six-axle, hybrid locomotives. The order preceeded the completion of a frame contract for 90 locomotives, announced in 2019. An overview:
- 2017: 8x EuroDual for Germany + 2x EuroDual for Sweden+Norway
- 2019: frame contract with Stadler for another 90 Co’Co’-locomotives
- May 2019: 10x EuroDual for Germany
- May 2019: 10x Euro9000 with DE-AT-CH-IT package
Interview with Willem Goosen, CEO of European Loc Pool
In February of this year, we talked with Mr. Goosen, CEO of ELP. He explained more about the strategy of ELP and the advantages of six-axle locomotives:
Willem Goosen: “With the EuroDual hybrids ELP is targeting the market for larger, six-axle diesel locomotives, that now are being operated under wire for a considerable part of their trip. Using a hybrid will reduce fuel consumption and cut emissions – good news for the operator, the environment and populated areas. Germany, Sweden and France are good examples of markets where there are still electrified and non-electrified mainline routes.”
“For situations where the main line is electrified, but the first and last mile are not (harbor areas, industrial sidings) the EuroDual will also be available with smaller diesel engines, that alternatively can also be used as ‘booster’ if required. In any situation the EuroDual will offer more power than other Last Mile solutions, speeding up last mile operation considerably. Stadler EuroDual locomotives will be able to switch between electric and diesel traction while running.”
International corridors in focus
Although ELP targets national markets with the first 20 locomotives (Germany/Sweden-Norway), the lease company has a strong focus on international corridors, such as the east-west (north European harbors – Poland/central Europe) connections and north-south (north European harbors – Italy) axes, over the Alps. Willem Goosen: “The next steps for ELP and Stadler Rail is getting the Euro locomotives authorized for Austria, Switzerland, Italy, and the Netherlands.”
For pulling freight trains on the trans-European corridors, multi-system electric locomotives are required – Willem Goosen confirms that in the near future ELP will add ‘electric-only’ machines to its fleet – with a 9MW power rating. Extra axles and extra power mean that double traction for freight trains over the Alps will become redundant.
Willem Goosen: “With the Euro9000 it will be possible to cross the Brenner pass with one locomotive at an average speed of 58 km/h. At the same time, the freight train can be a bit longer again, increasing capacity to the operator.”
ETCS is coming
Another argument to invest in new, more powerful locomotives, according to ELP, will be the incremental implementation of ETCS in the next decade. Rolling stock owners will have to invest considerable amounts the make their (existing) fleet ETCS-compliant. With fewer locomotives, these investments could be reduced.