MIT Honors ABB as 'Disruptive Company' Innovator

Press Release
Thursday, February 21, 2013
Windfarm Offshore: Photo credit NOAA

MIT Technology Review’s 2013 list of 50 disruptive companies shows that innovation is far from dead.

Among the usual suspects such as Amazon, Apple, Facebook and Google the publication of the prestigious Massachusetts Institute of Technology cites ABB for “perfecting a circuit breaker for high-voltage DC lines - a crucial step for widespread use of renewable energy.”

The development of the breaker , announced by ABB last November, marked the resolution of a 100-year-old challenge. Thomas Edison’s inability to find a solution for interrupting high-voltage DC is one of the reasons why he lost the War of the Currents in the 19th century and why today’s grids are mostly built on alternating current (AC).

The innovation makes it possible for the first time to create a grid based on high voltage direct current (HVDC), which is a necessary development to effectively balance supply and demand and ensure reliability, and therefore for tapping renewable energy on a large scale.



ABB has ramped up investment in research and development in recent years, increasing annual spending by 68 percent over the last five years to almost $1.5 billion in 2012.

The company also invests in innovation in universities around the world, and today announced it is funding an additional 40 research projects that will shape the future of power and automation.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Sentinel Launches New Rudder Feedback Unit

Sentinel, a Beier Radio company, has designed and manufactured a new Rudder Feedback Unit (RFU) with many new features, including watertight components and connections

Innovative Equipment Will Help Unload Listing Ship

Following Smit Salvage’s salvage of the stricken ship Modern Express in the Gulf of Biscay, another Rotterdam company has now become involved in the rescue operations.

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

Energy

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

Premier Oil and Rockhopper Abandon Ocean Rig Contract

Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW.

US Oil Drillers Cut Rigs to Least in 6 Years

U.S. energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data showed on Friday, as energy firms continue to

Offshore Energy

Premier Oil and Rockhopper Abandon Ocean Rig Contract

Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW.

US Oil Drillers Cut Rigs to Least in 6 Years

U.S. energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data showed on Friday, as energy firms continue to

Eni, Exxon, Statoil Win Irish Offshore O&G Licences

The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0840 sec (12 req/sec)