Maintworld RSS Feed

Research: Green Hydrogen Production Costs to Fall to $2.5/kg by 2030 and $1.80 by 2040

Mon, 30 Dec 2024 22:32:22 +0200

ABI Research, a global technology research firm, predicts that global LCOH costs will reach cost-competitive levels, paving the way for heavy industry to reduce carbon emissions.

Saab to Modernise Sweden’s Coastal Anti-ship Missile Capability

Mon, 30 Dec 2024 22:22:45 +0200

RBS15 Mk3 has a range of over 200 km, can be launched from ships and trucks and is primarily used against naval targets.

Wärtsilä to Supply One of The World's Largest Energy Storage Systems to Australia

Mon, 30 Dec 2024 21:58:43 +0200

Technology group Wärtsilä has been selected by Origin Energy to deliver the third stage of the Eraring battery facility at Origin’s Power Station in New South Wales, Australia.

DiGlobal Introduces an AI feature that Can Predict the Future Degradation of Civil Infrastructure

Mon, 30 Dec 2024 21:34:49 +0200

Dynamic Infrastructure (DiGlobal) announces that it has developed an AI solution to predict the future deterioration of concrete and steel structures.

ABS and Akselos Sign Floating Wind MOU

Mon, 30 Dec 2024 21:15:53 +0200

ABS and Akselos have signed a Memorandum of Understanding to promote the design and certification processes for floating offshore wind projects.

New Findings Could Lead to Safer, More Stable Metal Batteries

Mon, 16 Dec 2024 04:18:46 +0200

Metal batteries have the potential to deliver more energy, at a lower weight, than the popular lithium-ion battery. The problem, however, is that the technology currently has too short a lifespan due to the highly reactive nature of the lithium metal within these batteries.

Management 'bought the AI hype' and expect value but research shows lack of organizational readiness is primary hurdle

Mon, 16 Dec 2024 04:16:36 +0200

New research from IFS, the global cloud enterprise software company, has found that executive and board leadership have 'bought the AI hype' but organizations cannot deliver operationally on expectations. The new global study of 1,700 senior decision makers, Industrial AI: the new frontier for productivity, innovation and competition, found that the promise of AI is being held back by technology, processes and skills. Half of respondents remain optimistic that with the right AI strategy, value can be realized in the next two years, and a quarter believe in the next year.

MRO for Automation Solutions Market Outlook (2024-2028)

Mon, 16 Dec 2024 04:12:52 +0200

The MRO for automation solutions market is set to grow by USD 54.08 billion at a CAGR of 10.16% from 2023 to 2028, driven by the increasing reliance on maintenance, repair, and operations to ensure seamless industrial processes. Key growth factors include adopting predictive maintenance analytics and industrial automation services, which enhance operational efficiency while minimizing costly downtime.

Call for Immediate Review of AI Safety Standards Following Research on Large Language Models

Mon, 16 Dec 2024 04:09:28 +0200

Recent findings by Anthropic, an AI safety start-up, have highlighted the risks associated with large language models (LLMs), prompting calls for a swift review of AI safety standards.

Less than Half of Top 50 Steel Producers Have a Net Zero Target

Mon, 16 Dec 2024 04:06:48 +0200

The analysis of the top 50 steel producers — which rely more heavily on higher emissions steelmaking technologies than the global industry average and are responsible for more than 60% of the sector’s emissions — follows the latest production ranking provided by the World Steel Association.

Thriving in Chaos: How Industry 5.0 Redefines Resilience and Reliability

Mon, 16 Dec 2024 03:52:03 +0200

In a world rife with disruptions and uncertainty, resilience is no longer a luxury but a necessity. Industry 5.0 steps forward as a game-changer, shifting the focus from mere efficiency to adaptability and innovation, promising industries not just survival, but growth through chaos.

Green Transition Affects Materials Selection and Maintenance of Process Equipment

Mon, 16 Dec 2024 03:28:42 +0200

The green transition challenges the status quo in many societal and industrial activities. Materials are a key enabler of new carbon-neutral technologies. The results of the MASCOT project will provide a basis for materials selection and maintenance activities for the emerging industrial processes.

Lots of Talk, Little Practice

Mon, 16 Dec 2024 02:46:33 +0200

In a series of three articles in Maintworld magazine, we look at how to make maintenance more efficient by using artificial intelligence. In the last issue (3/2024), an introductory article described AI in general and the related concepts. This second part focuses on how AI is currently being used in ICT solutions for maintenance. The final article will consider how AI will change maintenance in the future.

Global Industrial Maintenance Services: Driving Asset Longevity, Reliability, and Market Growth

Mon, 16 Dec 2024 01:46:12 +0200

The global industrial maintenance service market is projected to grow from $51.3 billion USD to $81.2 billion by 2032.

Use of Sensors to Optimize Maintenance and Lifetime

Mon, 16 Dec 2024 01:23:10 +0200

Industry 4.0 and now Industry 5.0 gives us yet again new trends and interpretations of how the world will develop. Some call Industry 5.0 the revenge of the humans when they are taken into account.

Drones Have Received Official Permission to Maintain Wind Turbines

Mon, 16 Dec 2024 00:43:49 +0200

The validation by TÜV NORD confirms that the drone technology used by the Deutsche Windtechnik Inspection Body is suitable for carrying out a range of important inspections such as periodic and condition-oriented inspections.

Do Lifts Need to Be Protected Against Cyber-Attacks?

Mon, 16 Dec 2024 00:32:58 +0200

In March 2023, the German legislator published TRBS 1115 part 1 (Technical Regulations for Operational Safety). The technical regulation deals with Cybersecurity for the first time and requires German lift operators to ensure that protection from cyber-attacks is in place, at minimum for safety-related measurement and control devices. To avoid injuries and damage to property, lift operators need to take suitable means and document them in their hazard assessment.

Uncharted Territory: Only Accurate Detection Can Swing the Pendulum Away From Dangerous Extremes

Mon, 16 Dec 2024 04:31:58 +0200

Today's world is increasingly polarised on almost every issue. From hugely important topics like the economy and foreign policy to 'first world problems' like the casting of a particular TV show, it seems difficult to build a sizable consensus on almost anything.

The Industrial Sensor Market is Growing

Thu, 28 Nov 2024 22:15:16 +0200

According to Technavio, the global industrial sensor market is expected to grow by USD 14.3 billion between 2024 and 2028.

AERO Vodochody AEROSPACE Chooses IFS Cloud to Build a Competitive Advantage

Thu, 28 Nov 2024 21:57:10 +0200

The ERP solution will help the Czech manufacturer speed up aircraft production and better meet customer demand.

CO₂-Emitting Materials Can Be Turned Into Sustainable Plastics

Thu, 28 Nov 2024 21:38:17 +0200

Fortum presented a new material at the Greener Manufacturing Conference & Expo in Cologne, November.

Neste, Alterra and Technip Energies Collaborate to Offer Standardized Solution to Build Chemical Recycling Plants

Thu, 28 Nov 2024 21:13:54 +0200

Neste, Alterra and Technip Energies have signed a collaboration agreement to advance the circularity of plastics by providing the industry a standardized technology solution for chemical recycling, also referred to as “advanced recycling”.

Safran Invests Over a Billion Euros in Its Global Service, Repair and Maintenance Network

Thu, 28 Nov 2024 20:23:56 +0200

Safran Aircraft Engines is developing its global MRO network to support its growing fleet of LEAP engines worldwide.

Honeywell and Google Cloud Are Accelerating Autonomous Operations with AI Agents in the Industrial Sector

Thu, 31 Oct 2024 20:44:15 +0200

The companies announced a collaboration to connect AI agents to assets, people and processes to accelerate safer and more autonomous operations in the industrial sector.

Less than Half of Top 50 Steel Producers Have a Net Zero Target

Thu, 31 Oct 2024 20:31:09 +0200

Less than half of the world’s top steel producers have targets to reach net zero emissions by midcentury, and even fewer track the full scope of emissions produced by their business, jeopardizing the sector’s ability to meet long-term climate aims, finds a new report from Global Energy Monitor and the Leadership Group for Industry Transition, hosted at the Stockholm Environment Institute.

SKF Divests Non-core Aerospace Operation for USD 220 Million

Thu, 31 Oct 2024 20:06:23 +0200

"Aerospace will remain one of our largest customer industries and we will continue to invest and strengthen our position in core Aerospace segments”, says Rickard Gustafson, President and CEO.

ABS Explores the Potential of Nuclear Technology on LNG Carriers

Thu, 31 Oct 2024 19:54:03 +0200

ABS released its latest report into the potential of advanced nuclear technology for maritime applications, with a study of a small modular reactor on a standard liquefied natural gas (LNG) carrier.

Eternal Machines: The Future of Sustainability Lies in Maintenance

Wed, 16 Oct 2024 23:42:46 +0300

Sustainability, closed-loop circularity and maintenance working hand in hand. The result? Keeping our devices and machinery alive and well for extended periods of time. It is time to change our way of thinking. Circular economy and maintenance is the unsung hero of sustainability.

Monitor and Reduce Motor Operating Temperature to Increase Reliability

Wed, 16 Oct 2024 23:13:03 +0300

Understanding and monitoring your motor’s recommended operating temperature can drastically lengthen its lifespan. Here we tell you how to do both, and so avoid early and unnecessary failure.

Artificial Intelligence as a Maintenance Enhancer

Wed, 16 Oct 2024 22:00:39 +0300

In three articles published in this issue of Maintworld magazine, we will look at how AI can improve maintenance efficiency. This first article describes the concepts and issues related to AI in general. The next will go into more detail on its use in maintenance.