This transaction integrates the RDS team and product offering with the technology portfolio of Canrig, Nabors rig equipment subsidiary, and strengthens the development of its drilling automation solutions.
Partners in industrial automation, Martyn Williams, managing director of industrial software expert, Copa-Data UK and Mark Hardy, CEO of Capula, reveal how new technologies, such as smart grids, big data and business intelligence enable a more efficient use of resources in the industry
Humans have always searched for ways to harness energy, whether it be to complete laborious tasks or just improve their livelihood.
Propelled by the discoveries and inventions of the industrial revolution, this thirst for innovation has led to humanity’s quest for more powerful, smarter and more efficient energy sources.
Recent years have seen a new wave of technology and opportunities hit the energy sector, several of which have been presented by the onset of big data and Internet of Things (IoT) technology.
Recon Technology, which describes itself as an independent oilfield services provider operating primarily in China, has been authorised by ABB to participate in bidding for various projects in the future, including automation system products projects.
Recon says it anticipates cooperating with ABB in the future to provide integrated automation solutions, products and product quality assurance services for various projects beyond oil industry.
Honeywell says it has been contracted to provide its industrial internet-based Connected Performance Services to Al Waha Petrochemicals Company to explore possibilities of maximizing propylene production.
CPS is a key part of Honeywell’s Connected Plant initiative that helps manufacturers leverage the IIoT to improve the safety, efficiency and reliability of operations across a single plant or several plants across an enterprise.
Akasol says it has agreed a deal with “an internationally operating commercial vehicle manufacturer based in northern Europe” for the serial production of lithium-ion battery systems for its entire fleet of e-buses.
Akasol claims the contract with the original equipment manufacturer is worth “hundreds of millions of euros” and lasts until 2023, and outlines a close, long-term partnership between both companies and involves the supply of up to 4,500 battery systems.
Nikola Tesla was a famous scientist who developed alternating current, the means of distribution for electricity for the vast majority of devices, appliances and machines in households and factories and just about every other electrified thing in the world today.
But even as Tesla was inventing much of the technology used in the alternating current electricity supply system, another famous inventor, Thomas Edison argued that direct current was the best way to distribute electricity.
Converter station upgrade to improve power reliability of 46-year-old Pacific Intertie power link
ABB has won an order worth more than $100 million from the US utility Los Angeles Department of Water and Power, to modernize the existing Sylmar high-voltage direct current converter station in California.
This station is an important part of the electricity link between the Pacific Northwest and southern California commissioned in 1970. The order was booked in the fourth quarter of 2016.
There is no question that energy is costly. Costs for this resource have quadrupled since 2000, according to the German Energy Agency, with the planned energy transition also contributing to this trend.
This development hits business particularly hard. Industry, trade and services account for some 45 percent of total energy consumption in Germany.