Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics.
Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.
ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.
“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.
“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter. Continue reading Robotics and automation news is good for ABB, says CEO
While industrial communication between devices and systems is typically done with fieldbus and industrial Ethernet, modern infrastructure and energy networks are based upon other protocol standards such as IEC61850 and IEC60870-5-104.
Investors are increasingly excited about the prospects for much faster growth in the solar power industry in Southeast Asia, which has until now been a backwater for renewable energy.
They say that the region is in a perfect position to benefit from rapidly declining prices in solar panels. It has strong economic growth, relatively high costs of electricity and a shortage from traditional sources, undeveloped infrastructure in more remote areas, plenty of sunshine, and backing for more renewable energy from many of Southeast Asia’s governments.
“Dramatically falling costs for solar energy technologies means businesses and governments are choosing renewable energy not for environmental reasons but for economic ones,” said Roberto De Vido, spokesman for Singapore-based Equis, one of Asia’s biggest green energy-focused investment firms with $2.7 billion in committed capital. “It simply makes good business sense. And that’s a trend that’s not going to change.” Continue reading Solar power revolution ‘unavoidable’ in Asia, says industry expert
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.
Resistor liquid cooling boosts 3.3kV medium voltage loads, and slashes resistor footprint in industrial and marine applications, as David Atkins, projects director at Cressall Resistors explains
In motor driven applications like cranes, lifts, hoists and conveyors, air cooled resistors are common, but in medium voltage, high power applications liquid cooling wins out.
A medium voltage drive running off a 3.3kV supply to turn a 500kW motor will put a severe heating load on the application’s power transistors – hence the need for water cooling.
The new EV2 advanced water cooled modular resistor range for low and medium voltage applications is especially designed to function in severe environments, like the ones marine systems have to function in.
ZF teams up with Nvidia on artificial intelligence system for autonomous cars, trucks and industrial applications
ZF says its ProAI system for automated driving is built on high-performance Nvidia Drive PX 2 AI computing platform, and will enable vehicles to “see, think, and act”.
ZF is one of the world’s largest automotive suppliers and a global leader in active and passive safety technology, and has been working with Nvidia to develop artificial intelligence systems for the transportation industry for some time.
The two companies are looking at various sectors, including:
automated and autonomous driving systems for passenger cars;
David Atkins, projects director at Cressall Resistors, explains why design is essential not only in art, but also in industry, especially when designing equipment such as power resistors for demanding environments like oil and gas
One of the most popular works of Renaissance sculpture is Michelangelo’s David, a piece that has become synonymous with human strength and beauty.
Despite its seemingly perfect proportions, a basic design flaw of the statue has recently been brought to light.
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.
Saving energy has been a serious preoccupation of many industrial companies for many years, but especially in recent years with prices of fuel fluctuating and public concern about the environment growing.
In the auto manufacturing sector, which buys the most number of industrial robots and uses vast amounts of energy, companies such as Kuka have been looking to make their automation systems more energy efficient.
Tony Young, owner and director of supply and repair specialist CP Automation, explains how easy it can be to make industrial applications more energy efficient by using regenerative braking
Did you know the invention of robots dates back to XVth century?
When Leonardo da Vinci explored the idea of the human body as a machine, he came up with a robotic knight – medieval armour designed with gears, wheels, pulleys and cables that allowed it to move its arms and legs.