SKF has secured EUR 430 million financing from the European Investment Bank (EIB) with a tenor of up to ten years. The financing will support SKF’s research and development (R&D) to increase the focus on high-growth segments and accelerate the design and development of enabling technologies particularly for the green transition and sustainability.

SKF has signed a Memorandum of Understanding (MOU) with Proteus Marine Renewables (PMR) and GE Vernova’s Power Conversion business. The MOU sets out a framework for a potential alliance to supply tidal turbine generation systems (TTGS) to developers of tidal arrays for commercial, multi-megawatt tidal stream projects. An initial focus will be the supply of a minimum 59MW to MeyGen PLC (MeyGen) at its site in Scotland, the largest tidal stream facility in the world. 

At InnoTrans, SKF showcased tapered roller bearings for enhanced reliability of gearbox applications and cylindrical roller bearing units for increased longevity of freight train wheelsets.    

SKF has signed an agreement to acquire John Sample Group’s (JSG) Lubrication and Flow Management businesses. JSG is a well-established provider of lubrication management systems and services. The acquisition further strengthens SKF’s offering in an identified growth segment, as well as its business operations in the expansive India and South-East Asia (ISEA) region.

SKF is providing key components for the next generation Very Large Array (ngVLA), a $2 billion telescope system that aims to peer deeper into the universe than ever before.

The European Southern Observatory’s Extremely Large Telescope (ESO’s ELT), now being built in Chile, will be the world’s largest visible/near-infrared telescope on completion in 2028. Its 39m-wide main mirror comprises 798 separate hexagonal pieces, attached to a base structure using steel flanges and SKF Vibracon adjustable chocks.

SKF is presenting its technologically innovative solutions tailored for customers in focused industrial segments at the virtual SKF Tech & Innovation Summit. The solutions are developed to address the needs of greater reliability, energy efficiency, and high-performance as well as to support customers on their sustainability journey.

SKF has developed a novel solution to an emerging problem in electric vehicle (EV) powertrain design. The SKF Conductive brush ring provides a reliable electrical connection between an EV eAxle rotor shaft and its housing, which increases eAxle lifetime expectations. When used in combination with SKF Hybrid ceramic ball bearings, it helps to even further alleviate parasitic current effects that can lead to premature failure in bearings and other components.

SKF has decided to join and co-fund Mission 0 to contribute to the development of groundbreaking technologies and deliver solutions to eliminate greenhouse gas (GHG) emissions in materials, production and end-of-life of passenger cars. In an initial pilot project, SKF will collaborate with academia and industry experts in a research arena to solve GHG emissions in materials and processes that require new knowledge or disruptive technologies.

SKF has been awarded a Platinum Medal by EcoVadis, one of the most trusted providers of sustainability ratings for use in supply chains. This prestigious recognition places SKF in the top one percent among the more than 100,000 companies assessed worldwide for its commitment to sustainable business practices.