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.