25.08.2022

Epiroc signs Agreement to acquire South African Mining Equipment Manufacturer

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has signed an agreement to acquire AARD Mining Equipment, a South African mining equipment manufacturer.  

Market-Place-4.0 ABB Ltd Hydrogen Optimized

24.08.2022

ABB and Hydrogen Optimized expand hydrogen partnership, including a strategic investment

The two companies consolidated their alliance with a new commercial agreement signed at a hydrogen trade show in Stephenville, Newfoundland, attended by Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz (credits: ABB)

• Collaboration positions companies for global leadership in large-scale green hydrogen production systems
• Combined technological offerings will include Hydrogen Optimized’s RuggedCell™ high-power water electrolyzers and ABB’s high-power rectifiers
• The two companies consolidated their alliance with a new commercial agreement signed at a hydrogen trade show in Stephenville, Newfoundland, attended by Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz

ABB and Hydrogen Optimized Inc. (HOI), the Canadian technology innovator unlocking green hydrogen production at scale, have signed an agreement to expand the companies’ existing strategic relationship. This includes an investment by ABB into Key DH Technologies Inc. (KEY), the parent company of HOI, as they seek to accelerate the fast-emerging green hydrogen production segment with unique large-scale architecture. The financial terms of the agreement were not disclosed.

The signing follows the two companies’ showcase of their green hydrogen technologies at the August 23, 2022 German-Canadian Atlantic Renewable Hydrogen Expo in Stephenville, Newfoundland, which was attended by Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz. Hydrogen produced with low-to-zero carbon dioxide emissions is widely recognized as essential to achieving net-zero emissions by 2050.

By accelerating the strategic collaboration between ABB and HOI launched in 2020, the two companies are advancing the deployment of economic large-scale green hydrogen production systems to decarbonize hard-to-abate industries that address a wide range of essential needs – energy, metals, cement, utilities, ammonia, fertilizers, and fuels for aircraft, ships, trucks and rail.

The companies will leverage their respective capabilities and resources to rapidly commercialize HOI’s patented RuggedCell™ high-power water electrolysis technology for the world’s largest green hydrogen plants. Water electrolysis is the process of applying electrical energy to split water into hydrogen and oxygen. RuggedCell™ technology converts renewable electricity such as hydro, solar and wind power into green hydrogen for industry.

“We look forward to building on our companies’ two-year working relationship to pursue the enormous global opportunity of green hydrogen,” said Joachim Braun, Division President, ABB Process Industries. “Following a rigorous validation of the RuggedCell™ technology, we are confident that, in combination with ABB’s high-power rectifiers, it can become a category leader in the large-scale green hydrogen segment. Our complementary technologies will strengthen the Hydrogen Optimized value proposition and fast-track the commercialization of the RuggedCell™.”

“This agreement positions us for success in the large-scale segment with customers requiring installations in the hundreds of megawatts to multi-gigawatts,” said Andrew T. B. Stuart, President and CEO of KEY and HOI. “ABB’s global footprint, commercial relationships and technology leadership in high-power rectifiers, distributed control systems and manufacturing automation provide us with the market reach and capabilities to achieve our company’s goals.”

Global electrolyzer capacity will reach an estimated 3,100 gigawatts by 2050, according to a June 2022 report published by DNV. The group forecasts that electricity-based green hydrogen will be the dominant form of hydrogen production by the middle of this century, accounting for 72 percent of output.

The proceeds of ABB’s investment into KEY, led by ABB Technology Ventures (ATV), will be used to advance HOI’s intellectual property development, build up corporate capabilities for increased business activity and introduce automated manufacturing and robotics. This will accelerate the rollout of gigawatt-scale electrolyzer manufacturing.

About the Companies

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries.

ABB Technology Ventures (ATV) is the venture capital unit of ABB (NYSE: ABB). ATV looks for breakthrough technology companies aligned with ABB’s goal to write the future of industrial digitalization. Since its formation in 2009, ATV has deployed around $250 million into startups spanning a range of sectors including robotics, industrial IoT, AI/machine learning, energy transition, cybersecurity, electric mobility, smart buildings and distributed energy..

KEY DH Technologies Inc. develops innovation-driven businesses in the deuterium and hydrogen industries, serving global markets. KEY’s three main operating companies are: Hydrogen Optimized, a private hydrogen technology company that develops and commercializes the patented RuggedCell™ water electrolysis systems for the large-scale production of green hydrogen; Isowater®, a leading supplier of deuterium oxide to global customers in the life sciences, advanced technology and environmental science sectors; and deutraMed™, a breakthrough deuterium science and innovation company that provides high-value deuterium-containing products for specialized applications along with IP-driven research and services.

Hydrogen Optimized Inc. is a private hydrogen technology company that develops and commercializes large-scale green hydrogen production systems. It is part of Key DH Technologies Inc. Hydrogen Optimized enables the conversion of green electricity into green hydrogen and the transformation of heavy fossil fuel-use industries into sustainability leaders. Our patented high-power RuggedCell™ water electrolysis system integrates a scalable design that is free of iridium and other expensive platinum group metals, and enables low-cost mass manufacturing. It can be deployed for use in green hydrogen plants in the hundreds of megawatts to multi-gigawatt scale. The solution is targeted to major industrial, chemical, utility and energy end users.

Source: ABB/vanBeek

#green hydrogen #renewables #carbon-neutral #decarbonisation #hydropower #ABB Ltd #Hydrogen Optimized #Energy #Hydrogen

                     

19.08.2022

New Features, Products and Learning at this Year’s Electra Mining Africa

Celebrating 50 years this year, Electra Mining Africa is pulling out all the stops to deliver an event that continues to serve as an essential and valuable meeting place for industry stakeholders.  

19.08.2022

Fugro and Ocean Industries Concept Lab unify Offshore Control Systems for safe Remote Operations

Research teams from Fugro and the Ocean Industries Concept Lab (OICL) at Oslo School of Architecture and Design have been exploring how best to harmonise maritime design by integrating digital innovation in next-generation workplaces for safe remote operations. Simplified, standardised control interfaces will enhance training, remove the potential for error and enable operators to successfully perform remote operations.  

19.08.2022

Brokk welcomes Western Canada Sales Manager

Brokk, the world’s leading manufacturer of remote-controlled demolition machines, is growing in Canada and recently named Troy Steele regional sales manager for the western region of the country.