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.

Flexible couplings are one of the most critical components in mechanical drivetrains. Yet they're also one of the most overlooked during maintenance and inspection. In the marine and power generation industries, neglecting coupling health can be costly. Understanding your couplings and their requirements can ensure a smooth inspection and maintenance cycle. And in turn, can lead to longer coupling life and more uptime.

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. 

Motion Industries, Inc., a distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply Inc. and its sister company 273 Ontario (which trades as LSI). The transaction is expected to close later this month, subject to customary closing conditions.

Emerson has announced the new Series D update to the family of proven SolaHD industrial rack mount on-line uninterruptible power supplies (UPSs). The new SolaHD S4KD Series replaces the current S4KC Series, offering significant user interface improvements and other design upgrades to increase reliability and product availability. The S4KD is an on-line (double conversion) UPS, providing a zero-transfer time from external to internal power upon utility power failure to deliver a seamless flow of power for critical loads. The S4KD is available in 1000-3000 VA in 120 V and 3000 VA in 230 V configurations, each housed in a slim 2U form factor.

Despite unprecedented energy challenges, 68 percent of oil and gas industry leaders express optimism for sector growth in the coming year. This confidence, revealed in a survey by DNV, underscores the sector's resilience as it balances immediate demands with long-term environmental responsibilities.

A Vesconite and Vesconite Hilube wheel and bushing combination has been deployed at a prominent hydroelectric company in New Zealand, expanding a growing set of hydroelectric reference cases for these bearing materials.

Sulzer Flow Equipment has been selected by TechnipFMC to collaborate in developing new subsea CO₂ pump solutions for new technologies. Petrobras’ revolutionary high-pressure separation technology, HISEP, enables the separation of CO₂-rich natural gas from oil at the seabed. The process has the potential to provide significant gains in energy efficiency and productivity to Floating Production Storage and Offloading (FPSO) vessels while reducing costs and emissions.

Norway is the official partner country of Hannover Messe 2024. Under the headline “pioneering the green industrial transition”, Norway will showcase digital technology and sustainable solutions for manufacturing. There will also be a strong focus on clean energy, including renewables, hydrogen, ammonia and CCS.

ABB and CERN, the European Laboratory for Particle Physics, have identified significant energy-saving potential through a strategic research partnership focused on the cooling and ventilation system at one of the world’s leading laboratories for particle physics institutes, located in Geneva, Switzerland. The study included energy efficiency audits which have helped to identify a savings potential of 17.4 percent across a fleet of 800 motors.