Industry News

August 2024
Explosion-Proof Equipment Market Worth $13.69 Billion, Globally, by 2031

Source: The Insight Partners’ Analysis

­According to our new research study, titled "Explosion-Proof Equipment Market Size and Forecast (2023 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Systems [Junction Boxes and Enclosures, Lighting System, Monitoring System (Cameras, Data Loggers, Sensors, an
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Date:
08/30/2024
GE Vernova Celebrates Commercial Operation for PLN Indonesia Power's H-Class Gas Power Plant in Indonesia

Edwin Nugraha Putra, CEO of PLN Indonesia Power

­On the heels of GE Vernova’s 100th HA gas turbine commissioned globally announcement,  GE Vernova Inc. celebrated the start of commercial operation of PLN Indonesia Power (PLNIP)’s 780-megawatt (MW) Tambak Lorok Combined Cycle Power Plant Block 3 (“Tambak Lorok”), in Tanjung Mas,
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Date:
08/30/2024
Stanford Advanced Materials Drives Innovation with Advanced Tantalum Materials

Stanford Advanced Materials Drives Innovation with Advanced Tantalum Materials

­Advanced materials are the backbone of technological innovation, playing a vital role in the development of new and emerging technologies. Stanford Advanced Materials’ Tantalum products, which include Tantalum Powder, Tantalum Strip Wire Rod, Tantalum Tube, and Tantalum Ingot, are integral to high-performance ap
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Date:
08/28/2024
Technip Energies to Design Groundbreaking Low-Carbon Hydrogen Facility for bp in the United Kingdom

Technip Energies to Design Groundbreaking Low-Carbon Hydrogen Facility for bp in the United Kingdom

­Technip Energies has been awarded the Front-End Engineering Design (FEED) contract by bp for the H2Teesside project in the North East of the United Kingdom. H2Teesside is expected to be one of the UK’s largest largest low-carbon hydrogen production facilities - fully integrated with carbon capture technology. As part of t
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Date:
08/27/2024
Chaberton Energy Announces Start of Construction on Lime Kiln 2.9 MW Community Solar Project in Howard County, Md.

Chaberton Energy Announces Start of Construction on Lime Kiln 2.9 MW Community Solar Project in Howard County, Md.

­Chaberton Energy announced construction has started on a new 2.9 megawatts (MWdc) community solar project located in Fulton, Howard County, Md. The Lime Kiln solar project was developed by Chaberton, a leading community solar developer, and is owned and operated by Pivot Energy, a national renewable energy in
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Date:
08/27/2024
hofer powertrain Leverages Deeptech and Machine Learning to Realize Class-Leading Electric Drive Solutions, Cutting Development Times by 80%

Advanced data-driven machine learning (ML) approaches enable to drastically reduce the concept design phase

­hofer powertrain, the global engineering and technology partner for efficient drivetrain solutions, announces a groundbreaking initiative set to reduce electric drive design time by 80% through advanced AI and Deeptech innovations. With over 40 years of delivering high-performance, compact, and innovative te
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Date:
08/23/2024
KBR Awarded Advisory Consulting Contract for Kuwait Oil Company's Renewables and Hydrogen Masterplan Project

KBR Awarded Advisory Consulting Contract for Kuwait Oil Company's Renewables and Hydrogen Masterplan Project

­KBR has announced it has been awarded an advisory consulting contract by Kuwait Oil Company for the development of a country wide masterplan for the production of 17GW of renewables and 25GW of green hydrogen by 2050. Under the terms of the contract, KBR will provide advisory consulting services to develop
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Date:
08/22/2024
Electric Aviation Market Estimated to Reach $37 Billion By 2030 as Demand for Environment-Friendly Aircraft Rises

Electric Aviation Market Estimated to Reach $37 Billion By 2030 as Demand for Environment-Friendly Aircraft Rises

­FN Media Group News Commentary - According to the International Energy Agency (IEA), global flights produced around 720 million tons of carbon dioxide in 2021. The global aviation industry produces over 2% of all the CO2 emissions induced by humans. With an increase in the number of global aircraft fl
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Date:
08/22/2024
Nuclear Fusion Startups Usher in Next Era of Sustainable Energy Innovation, Says GlobalData

Kiran Raj, Practice Head of Disruptive Tech at GlobalData

­Nuclear fusion technology is rapidly advancing, bringing us closer to a sustainable, limitless energy source. Startups are pioneering innovations like cold fusion, superconducting magnets, laser-ignited capsules, and projectile fusion, addressing the critical challenges of sustained reactions and scalable re
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Date:
08/21/2024
Oceantic Network Launches Initiatives to Showcase National Impact of Offshore Wind Industry

Oceantic Network’s CEO Liz Burdock

­Oceantic Network is shining a spotlight on the U.S. offshore wind workforce with two initiatives that tell the stories of the workers and companies that make up the industry supply chain now spanning more than two-thirds of the country. This summer, Oceantic Network’s CEO Liz Burdock and staff began visiting me
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Date:
08/19/2024
Renewable Energy Technology to Save Over 2.4 Gigatonnes of CO2 Globally by 2029

Renewable Energy Technology to Save Over 2.4 Gigatonnes of CO2 Globally by 2029

­A new study from Juniper Research, the foremost experts in smart city markets, found that the total amount of CO2 saved globally through renewable energy will grow by 25% over the next five years. These savings, compared to a fully non-renewable energy system, will rise from almost 2 Gt (Gigatonnes) in
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Date:
08/19/2024
Ability to Track Nanoscale Flow in Soft Matter Could Prove Pivotal Discovery

Matthew Tirrell, a senior advisor and senior scientist at Argonne and an emeritus professor at the University of Chicago

­For roughly 70 years, Play-Doh has been entertaining children with its moldable, squishy form. This familiar substance belongs to a broader category known as soft matter, which includes some foods (such as mayonnaise), 3D printer gels, battery electrolytes and latex paint. Scientists from the U.S. Departmen
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Date:
08/09/2024
Finding Pearls in the Mud: Eco-Friendly Tungsten Recovery from Semiconductor Waste

Schematic design and economic assessment of tungsten recovery processes from semiconductor wastewater

­Semiconductor industry waste is typically seen as a costly disposal problem and an environmental hazard. But what if this waste could be transformed into a valuable resource? In an exciting development, researchers from Pohang University of Science and Technology (POSTECH) and the Samsung Advanced Institute of
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Date:
08/09/2024
Electric Bandage Holds Promise for Treating Chronic Wounds

Photo of a water-powered, electronics-free dressing (WPED) for electrical stimulation of wounds.

­Researchers have developed an inexpensive bandage that uses an electric field to promote healing in chronic wounds. In animal testing, wounds that were treated with these electric bandages healed 30% faster than wounds treated with conventional bandages. Chronic wounds are open wounds that heal slowly, i
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Date:
08/09/2024
Electrified Thermal Solutions' Joule Hive Thermal Battery Achieves Technology Readiness Level 6, Meeting Key DOE Performance Milestone - Selected for over $40M in Department of Energy Funding

Daniel Stack, Co-founder and CEO of Electrified Thermal Solutions

­Electrified Thermal Solutions (ETS), a Boston-based pioneer of innovative thermal energy storage solutions, receives Technology-to-Market Plus Up extension funding from the U.S. Department of Energy (DOE) Advanced Research Projects Agency-Energy (ARPA-E). ETS’ Joule Hive Thermal Battery (JHTB) successfully completed the fi
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Date:
08/08/2024
Flex and Musashi Energy Solutions Partner to Mitigate Utility Power Challenges in AI Data Centers

Frank DeLattre, President of Musashi Energy Solutions in North America

­Flex and Musashi Energy Solutions a group company of Musashi Seimitsu Industry Co., Ltd., announced an extensive collaboration to supply Flex-designed and manufactured Capacitor-based Energy Storage Systems (CESS) featuring Musashi’s Hybrid SuperCapacitor (HSC) technology. These systems are designed to integrate wi
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Date:
08/08/2024
Explosion-Proof Lighting Market Worth $552.47 Million, Globally, by 2031

Source: The Insight Partners Analysis, Primary Interviews, Magazines and Journals, and Secondary Sources

­Lighting fixtures that are capable of containing sparks that could possibly ignite the combustible and explosive gasses in the atmosphere are referred to as explosion resistant lighting. Thus, the term "explosion proof lighting" refers to the ability of lighting equipment to stop external explosions fr
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Date:
08/08/2024
Pivot Energy Collaborates with Microsoft to Develop Up to 500 MWac of Community-Scale Solar Projects that Will Deliver Significant Benefits to Local Communities

Tom Hunt, CEO of Pivot Energy

­Leading national renewable energy provider Pivot Energy, announced a 5-year framework agreement with Microsoft to develop up to 500 megawatts (MWac) of community-scale solar energy projects across the United States between 2025 and 2029. This significant, impact-driven collaboration supports bo
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Date:
08/08/2024
Infineon Opens the World's Largest and most Efficient SiC Power Semiconductor Fab in Malaysia

Infineon CEO Jochen Hanebeck, Malaysian Prime Minister YAB Dato’ Seri Anwar Ibrahim and Chief Minister of the state of Kedah YAB Dato’ Seri Haji Muhammad Sanusi Haji Mohd symbolically launched production of phase one of Infineon’s leading 200mm SiC Power Fab.

­As global decarbonization efforts drive demand for power semiconductors, Infineon Technologies AG has officially opened the first phase of a new fab in Malaysia that will become the world’s largest and most competitive 200-millimeter silicon carbide (SiC) power semiconductor fab. Malaysian Prime Minister YA
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Date:
08/08/2024
ABB to Upgrade Gas Turbine Control System to Boost Reliability and Efficiency at Singapore Power Plant

ABB to Upgrade Gas Turbine Control System to Boost Reliability and Efficiency at Singapore Power Plant

­ABB has been commissioned to upgrade one of the turbine control systems at the 1,300 MW Keppel Merlimau Cogen (KMC) combined cycle gas turbine on Jurong Island in Singapore, to improve efficiency and reliability. The scope includes replacing the existing Egatrol 8 turbine control system with Egatrol X,
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Date:
08/06/2024
Navitas Powers Expanded Samsung Galaxy Smartphone Portfolio

Navitas Powers Expanded Samsung Galaxy Smartphone Portfolio

­Navitas Semiconductor announced that Samsung had expanded adoption of Navitas’ GaNFast ICs from the original flagship Galaxy S22, S23 and S24 to the mainstream Galaxy A, and revolutionary Galaxy Z Fold6 and Galaxy Z Flip6 smartphones with enhanced Galaxy AI features. GaN runs up to
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Date:
08/05/2024
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