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Green Hydrogen Industry Research 2023: The global market is growing really fast

Thu, 28 Mar 2024 20:32:20 +0200

The global green hydrogen market was valued at $828.2 million in 2023, and it is expected to grow with a CAGR of 67.19% during the forecast period 2023-2033 to reach $141.29 billion by 2033.

Understanding the NATO Opportunity: A Guide for Finnish and Swedish Enterprises Released

Thu, 28 Mar 2024 19:26:56 +0200

The recent NATO membership of Finland and Sweden opens up new business avenues for Nordic companies, particularly in the defense industry – but not exclusively.

QOCO Systems launches a new solution that integrates HR, maintenance planning and flight operations systems into a single interface

Thu, 28 Mar 2024 19:06:55 +0200

The solution allows airlines and MROs to increase staff utilization and improve fleet availability while eliminating human error in maintenance planning processes.

Wärtsilä’s report demonstrates extensive benefits of co-optimising Poland’s power and heat sectors

Thu, 28 Mar 2024 18:33:07 +0200

The report addresses Poland’s specific challenges related to the decarbonisation of its aged and inefficient coal-powered DH systems.

The escalating threat of AI-driven phishing

Thu, 28 Mar 2024 18:29:43 +0200

The rapid adoption of Generative AI (GenAI) technologies has led to a significant increase in sophisticated phishing campaigns.

The Augmented Revolution: The Harmony of Humans, Robots, and AI in Maintenance 5.0

Fri, 08 Mar 2024 17:22:25 +0200

The Harmony of Humans, Robots, and AI in Maintenance 5.0

Will 2024 be the year the world wakes up to methane emissions?

Fri, 08 Mar 2024 17:20:02 +0200

As the world grapples with the looming threat of methane emissions, the fossil fuel industry is finally starting to wake up.
More than 150 countries have signed the The Global Methane Pledge, committing them to cutting methane emissions from human-caused sources by 30% by the end of the decade.

A route to enhanced energy efficiency with energy audits

Fri, 08 Mar 2024 17:19:36 +0200

Erich Labuda, President of Motion Services at ABB, explains how maintenance professionals can improve energy efficiency based on data collected from energy audits.

Determining the lubrication condition of a sliding bearing using acoustic emission and data-based classification

Fri, 08 Mar 2024 17:19:20 +0200

VTT has participated in the EU-funded and Spanish IKERLAN-coordinated INNTERESTING research project.

Pinning down possibilities for pump problems

Fri, 08 Mar 2024 17:18:45 +0200

Problems in pumping systems can, seemingly logically, be blamed on the pump. There could however be other hidden issues; ambient conditions can affect pumpage, or perhaps there are problems in the system itself. In this article we discuss a systematic approach to help determine where the problem really lies.

Sustainability reporting - a necessity or a competitive advantage?

Fri, 08 Mar 2024 17:18:33 +0200

New standards under the EU's CSRD Directive, which came into force at the beginning of this year, aim to increase transparency and provide comparable information on how companies impact people, the environment, and the climate.

The industrial machinery remanufacturing market size is estimated to grow at a CAGR of 18.54% between 2023 and 2028

Fri, 08 Mar 2024 17:08:51 +0200

The market size is forecast to increase by USD 482.43 billion. The growth of the market depends on several factors such as the rising demand for increasing asset utilization in manufacturing industries, the growing demand for customization in industrial machinery, and the rising demand for optimization of costs at the same service level from various organizations.

EU invests €216 million to promote semiconductor research and innovation

Fri, 08 Mar 2024 17:04:45 +0200

The Semiconductor Joint Undertaking (Chips Joint Undertaking) announced in February the launch of a €216 million call for proposals to support research and innovation initiatives in semiconductors, microelectronics and photonics.

Aiming for Emission-Free Pulping

Fri, 08 Mar 2024 17:07:06 +0200

The forest industry, technology companies, research organizations, and universities have joined forces to revolutionize the traditional pulping processes under the joint leadership of VTT Technical Research Centre of Finland and RISE Research Institutes of Sweden.

Sodium-ion batteries offer promising technology

Fri, 08 Mar 2024 17:06:36 +0200

The development of new battery technologies is moving fast in the quest for the next generation of sustainable energy storage – which should preferably have a long lifetime, have a high energy density and be easy to produce.

Study reveals widening gap between organizations benefiting from digital trust and those losing out

Fri, 08 Mar 2024 17:06:23 +0200

DigiCert released its 2024 State of Digital Trust Survey that checks in on how enterprises around the world are managing digital trust in their organizations. While digital trust overwhelmingly remains a critical focus for all enterprises, the latest report shines a light on the growing divide between the ‘leaders’ --those who are getting it right, and the ‘laggards’ -- those who are struggling.

Robotic welding matches and can outperform manual construction

Fri, 08 Mar 2024 17:06:07 +0200

A new study has found improved fatigue performance, through standardised high-quality welding conducted by robots, could enable offshore wind jacket foundations to last longer or potentially to use less steel, thus having the potential to reduce the weight and cost of the structures.

Carbon fiber market size to grow USD 16.0 billion by 2032 at a CAGR of 11.4%

Fri, 08 Mar 2024 17:05:49 +0200

The adaptability and broad acceptance of carbon fiber are key factors driving its market expansion, as are ongoing research and development initiatives targeted at streamlining production procedures, cutting expenses, and identifying new uses.

The predictive maintenance market forecast

Fri, 08 Mar 2024 17:05:28 +0200

The global predictive maintenance market was valued at USD 4.16 billion in 2021 and is expected to grow at a CAGR of 30.9% during the forecast period, according to Polaris Market Research.

A new optical metamaterial makes true one-way glass possible

Fri, 08 Mar 2024 17:05:04 +0200

Using a new approach, researchers at Aalto University in Finland have been able to design a metamaterial that has so far been beyond the reach of current techniques. Unlike natural materials, metamaterials and metasurfaces can be tailored to have specific electromagnetic properties, which means scientists can create materials with features desirable for industrial applications.

Industrial gases market size to grow by $29.12 billion from 2022 to 2027

Thu, 29 Feb 2024 21:27:14 +0200

According to a recent analysis by Technavio, the market is estimated to grow at a CAGR of 5.92% between 2022 and 2027.

Liquid Wind and Alfa Laval, Carbon Clean, Siemens Energy and Topsoe open eFuel Design & Performance Centre

Thu, 29 Feb 2024 20:25:50 +0200

The aim is to drive technological development, strengthen production capacity and bring in-demand eFuels to market at scale.

3D printed nanocellulose upscaled for green architectural applications

Thu, 29 Feb 2024 20:21:18 +0200

For the first time, a hydrogel material made of nanocellulose and algae has been tested as an alternative, greener architectural material.

Wärtsilä Lifecycle Agreement will ensure operational efficiency and reliability of four Irish Navy vessels

Thu, 29 Feb 2024 18:10:32 +0200

The agreement, which covers four offshore patrol vessels (OPV), is designed to ensure operational reliability along with long-term cost predictability.

EU enshrines tighter pre-qualification criteria for wind farms in law

Thu, 29 Feb 2024 17:22:03 +0200

The European Parliament and the Council reached a final agreement on the Net Zero Industry Act (NZIA). The Act will help strengthen Europe’s clean tech manufacturing and contribute to ensuring that the future of wind energy is “made in Europe”.

Energy transition - investment megatrend of 2024?

Thu, 29 Feb 2024 17:06:26 +0200

The energy transition could be one of the investment megatrends this year and beyond as interest rates are likely to be cut, says the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations.

Manufacturing Execution Systems Market worth $23.0 billion by 2029

Wed, 31 Jan 2024 21:44:53 +0200

The Manufacturing Execution Systems Market is expected to reach USD 23.0 billion by 2029 from USD 14.9 billion in 2024, at a CAGR of 9.2% during 2024 – 2029 according to a new report by MarketsandMarkets.

McKinsey's: “Europe must take action to revive its competitiveness”

Wed, 31 Jan 2024 21:04:04 +0200

If Europe fails to improve its competitiveness, we estimate that about €500 billion to €1 trillion of value added could be at stake annually by 2030.

Study: Illegitimate tasks make employees both bored and exhausted

Wed, 31 Jan 2024 20:59:48 +0200

Almost every other employee experiences boredom at work, and many of them are chronically exhausted at the same time. The study investigated the experiences of 2,700 employees in the UK and in Finland.

Airbus, SAS, Swedavia, Vattenfall and Avinor are developing a hydrogen solution for air transport

Wed, 31 Jan 2024 20:13:39 +0200

The companies have signed a cooperation agreement to investigate the feasibility of infrastructure for hydrogen-fueled aircraft at airports in Norway and Sweden.