Agency / Source: ABB Robotics / ABB Ltd

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ABB Launches Energy Management System for Green Hydrogen to Bring Production Cost Down by Up to 20 Percent - ABB introduces its energy management system ABB Ability™ OPTIMAX® to the green hydrogen market, to help reduce costs of production by enabling real-time visibility of energy consumption across operations - ABB.com
ABB Launches Energy Management System for Green Hydrogen to Bring Production Cost Down by Up to 20 Percent

 

PRZOOM - /newswire/ - Zurich, Switzerland, 2022/11/23 - ABB introduces its energy management system ABB Ability™ OPTIMAX® to the green hydrogen market, to help reduce costs of production by enabling real-time visibility of energy consumption across operations - ABB.com. ABBN: SIX Swiss Ex

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy / Hydrogen Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• ABB Ability™ OPTIMAX® will help hydrogen production companies reduce electricity based costs by up to 20 percent;
• Software will increase efficiency of energy-intensive electrolyzers used to produce green hydrogen;
• Incorporating forecasting and intra-day planning, the solution ensures companies can trade competitively with the grid.

Green hydrogen made via electrolysis a process of using electricity from renewable sources to split water into hydrogen and oxygen is widely considered an important energy vector for achieving a low carbon future. It does, however, pose significant challenges in the way of high production costs and energy intensive processes.

According to the Green Hydrogen Catapult, a global initiative made up of leading energy companies, to scale up production capacity to the 50 times needed, the cost to produce green hydrogen needs to drop by 50 percent to less than $2/kg by 2026.

ABB’s OPTIMAX® supports this by serving every aspect of a hydrogen plant lifecycle, from simulation at design and engineering phases to real-time visualization and monitoring when in operation. The software measures bi-directional power flows and carbon dioxide emissions providing contextual data which operators can use to determine optimal energy consumption levels required to support plant processes and minimize waste.

The transparency offered by the solution can also be applied to increase the efficiency and safety of each electrolyzer module being operated within the plant, regulating each module’s speed, and ensuring it is only used as and when required.

“Scaling up green hydrogen production requires significant capital investment as well as high operating costs,” said Sleman Saliba, Global Product Manager Energy Management for ABB Process Automation. “Nearly 70 percent of the total operating costs to run a hydrogen plant comes from the electricity needed to split the water molecule in the electrolysis process. With OPTIMAX®, for between 1-3 percent technology investment, operators can run their industrial processes in the most energy efficient way and gain up to 20 percent reduction in electricity-based costs.”

Incorporating intra-day planning, operators can also utilize OPTIMAX® to plan ahead to trade competitively with the grid, developing a circular energy system that is based on forecasts of renewable energy availability against demand, also considering market electricity prices.​

The solution can also be used to optimize green hydrogen integration with existing hydrogen networks and any future infrastructure that may developed.

ABB’s Process Automation business is a leader in automation, electrification and digitalization for the process and hybrid industries. We serve our customers with a broad portfolio of products, systems, and end-to-end solutions, including our # 1 distributed control system, software, and lifecycle services, industry-specific products as well as measurement and analytics, and marine offerings. As the global #2 in the market, we build on our deep domain expertise, diverse team and global footprint, and are dedicated to helping our customers increase competitiveness, improve their return on investment and run safe, smart, and sustainable operations.

ABB (abb.com) is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy / Hydrogen Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ABB Robotics / ABB Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy / Hydrogen articles,
CATCH Visitors via Your Competitors Announcements!


ABB Launches Energy Management System for Green Hydrogen to Bring Production Cost Down by Up to 20 Percent

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
ABB’s OPTIMAX® |
Contact: Megan Greenwood - Admiral Consultancy for ABB 
+44(0)79 1716 7781 megan.greenwood[.]admiralconsultancy.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

Energy / Hydrogen via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From ABB Robotics / ABB Ltd / Company Profile


Read Energy / Hydrogen Most Recent Related Press Releases:

ABB and Hynamics Collaborate to Lower Hydrogen Production Cost
ABB E-mobility Delivers Millionth EV Charger
ENGIE Supplies LANXESS with Green Electricity
ABB Completes Sale of Remaining Stake in Hitachi Energy to Hitachi
Tractebel Ranked Top Hydro Plant Design Firm in the World
Comprehensive Hydrogen Concept from QUANTRON Honoured with Frost & Sullivan Best Practices Award
World First as Hydrogen Successfully Trialled At Smurfit Kappa Plant with HYFLEXPOWER Demonstrator
Johnson Matthey Digitises Hydrogen Fuel Cell Manufacturing with Infor
Yokogawa to Provide Integrated Control System for Australian Green Hydrogen Project
ABB Unveils Mobile Charger for Formula E Season 9

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  RightITnow, Inc.

Visit  BizJobs.com

Visit  Limelon Advertising, Co.







 
  ©2005-2023 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today