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 Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Newport News Lays Keel for Virginia-Class Sub

Newport News Shipbuilding, a division of Huntington Ingalls Industries (HII), hosted a keel-laying ceremony Saturday for the future USS Washington (SSN 787), a

World’s Largest Containership First Tested at MARIN

MARIN was delighted to take part in a truly historic milestone in the industry when Daewoo Shipbuilding and Marine Engineering (DSME) asked MARIN to investigate

Is Glycerine the Next Marine Fuel?

Following a year described as “intense activity,” the Glycerine Fuel for Marine Sustainability project (GLEAMS) concluded that Glycerine is a viable, exceptionally clean alternative marine fuel.

Energy

Energy’s Promising Future Threatened

Unrealistic Fears and Overstated Risks obscure the benefits of new seismic data. The United States stands poised on the edge of a bright energy future. After decades

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Offshore Energy

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1977 sec (5 req/sec)